January 19, 2025 @ 10:18 am By Omar Faridi  |  

ClearBank the enabler of real-time clearing and embedded banking, today announced its partnership with Airwallex, a payments and financial platform for businesses. Through this collab, Airwallex will leverage ClearBank’s agency banking solution to “enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of… Read More

January 19, 2025 @ 10:16 am By Omar Faridi  |  

Agant, creator of a new GBP stablecoin (GBPA), has selected Archax, the regulated digital asset exchange, broker and custodian, as its partner to handle the custody of its underlying assets. The British pound digital currency will initially be available on the Ethereum, Avalanche and Solana… Read More

January 19, 2025 @ 10:15 am By Omar Faridi  |  

Italy’s largest bank has embraced Bitcoin, which may be considered a key milestone in financial evolution. In a significant development for crypto adoption, Intesa Sanpaolo, Italy’s largest banking group, has recently acquired 11 BTC worth €1 million, marking the first instance of an Italian bank… Read More

January 19, 2025 @ 10:14 am By Omar Faridi  |  

Sol Strategies Inc., a Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, is announcing the launch of its new mobile application from Orangefin Ventures LLC, a recent acquisition and provider of non-custodial staking solutions known for performance and security…. Read More

January 19, 2025 @ 7:09 am By Michael Wong  |  

Revelstoke Capital Partners has made a strategic investment in Omega Systems, marking the eighth investment under its Revelstoke Capital Partners Fund III, the private equity firm announced. Omega, recognized as one of the 25 fastest-growing IT service providers in North America in 2024 by CRN,… Read More

January 19, 2025 @ 6:07 am By Michael Wong  |  

Chevron Corporation announced a total contribution of $1 million to three organizations supporting wildfire relief efforts in California. The donation is allocated among the California Fire Foundation, the American National Red Cross, and the Los Angeles Chamber of Commerce Small Business Disaster Recovery Fund. According… Read More

January 18, 2025 @ 4:56 pm By Tony Zerucha  |  

This week, KCB Bank Kenya and UnionPay International partnered to enhance e-commerce payment capabilities in Kenya, enabling UnionPay cardholders to transact on digital platforms. This collaboration is aimed at enriching the online shopping experience for consumers and merchants across Kenya. “We are delighted to join hands with UnionPay… Read More

January 18, 2025 @ 1:37 pm By Omar Faridi  |  

CyberCube, the global firm focused on cyber risk analytics, has released its 2025 Predictions Report, offering insights into the dynamics of the cyber (re)insurance market. The report identifies trends and challenges shaping the sector in the year ahead. As noted in the update from CyberCube:… Read More

January 18, 2025 @ 1:11 pm By Omar Faridi  |  

Olé Life, a Latin American insurtech company, announced that it has raised $13 million in Series B funding, led by PayPal Ventures with participation from Mundi Ventures, AV8 and Advent Morro. Olé Life explained that is focused on redefining how families access and experience financial… Read More

January 18, 2025 @ 12:55 pm By Omar Faridi  |  

Regtech ComplyAdvantage noted that organized crime—coordinated criminal enterprises profiting from a range of illegal activities—plays “an increasingly dominant role in global criminality.” Regtech ComplyAdvantage pointed out that what’s more, it is shaping much of the “global political agenda.” From Donald Trump threatening to issue sweeping… Read More

January 18, 2025 @ 12:54 pm By Omar Faridi  |  

Accenture (NYSE: ACN) and Meiji Yasuda Life Insurance Company have signed an agreement to collaborate on a comprehensive corporate transformation initiative that will use artificial intelligence (AI) to “reinvent how Meiji Yasuda’s workforce operates.” Under the multi-year agreement, until March 2030, Accenture will help Meiji… Read More

January 18, 2025 @ 12:53 pm By Tony Zerucha  |  

Cryptocurrency ETFs attracted industry attention this week as participants await the influences of Donald Trump’s inauguration and the potential approval of a Solana ETF. Impossible Cloud Network co-founder Kai Wawrzinek said VanEck’s newly proposed Onchain Economy ETF could make crypto’s bull-bear rollercoaster a thing of… Read More

January 18, 2025 @ 12:50 pm By Omar Faridi  |  

Global Insurtech BOXX Insurance is continuing US business expansion plans with product and distribution management leadership hires. BOXX Insurance, a global cyber Insurtech, is pleased to announce three new appointments to support its growth agenda in the US. Erik Tifft has been appointed Head of… Read More

January 17, 2025 @ 7:11 pm By Omar Faridi  |  

Thunes, the “Smart Superhighway” to move money around the world, today welcomes Hyperwallet, a PayPal service for global payouts, as a Member of Thunes’ Direct Global Network. As part of this network, Hyperwallet customers can send money in real-time to “more than 450 million mobile… Read More

January 17, 2025 @ 4:18 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, announced a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by PGIM Fixed Income, one… Read More

January 17, 2025 @ 4:10 pm By JD Alois  |  

The EU Digital Operational Resilience Act (DORA) is operational as of today. DORA aims to harmonize the rules regarding digital operational resilience that apply to financial services firms like banks and more. DORA seeks to improve the incident reporting methodology with a single network which should… Read More

January 17, 2025 @ 3:34 pm By JD Alois  |  

Upstream, “a stock exchange for digital securities,” says it is now accepting Tethere – USDT or USDC dollar-based stablecoins. USDT os the largest stablecoin by market cap at $137.5 billion. USDC is the second largest. Upstream is part of MERJ, a regulated stock exchange based… Read More

January 17, 2025 @ 2:36 pm By JD Alois  |  

The Securities and Exchange Commission said that it had settled charges against Digital Currency Group Inc. (DCG), and Soichoro “Michael” Moro, the former CEO of DCG’s now-defunct subsidiary, Genesis Global Capital LLC. The settlement entails the payment of a civil penalty of $38.5 million. The… Read More

January 17, 2025 @ 1:39 pm By Omar Faridi  |  

Over one-third of UK adults say they have £25,000 or more in cash savings, according to research from Starling Bank, and it seems that “putting money aside for life goals is the key to building up a savings pile.” Starling Bank noted that 36% of… Read More

January 17, 2025 @ 11:47 am By Omar Faridi  |  

Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured,… Read More