May 3, 2025 @ 10:22 am By Michael Wong  |  

Vietnam will begin a two-year regulatory sandbox for selected fintech services, including peer-to-peer (P2P) lending, credit scoring, and open banking data sharing, starting July 1, under a government decree issued earlier this week. Decree 94, released on April 29, establishes a controlled testing environment for… Read More

May 3, 2025 @ 9:41 am By Omar Faridi  |  

In an era where fintech companies promise innovative ways to save and grow wealth, the story of Yotta, a fintech platform that lured savers with the chance to win cash prizes, has raised serious questions about the reliability of FDIC insurance in the digital banking… Read More

May 3, 2025 @ 8:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ), the fintech behind Square, Cash App, and Afterpay, released its first-quarter 2025 financial results on May 1, 2025, revealing a mixed performance shaped by macroeconomic challenges. While Block achieved notable profitability milestones, weaker-than-expected revenue and cautious guidance sparked investor concerns, leading… Read More

May 2, 2025 @ 5:10 pm By JD Alois  |  

While crypto trading has boomed globally, few jurisdictions have bespoke rules that regulate it like more traditional exchanges. The UK Financial Conduct Authority is now seeking to bring crypto exchanges into a better-structured regulatory remit, and it is seeking feedback from interested parties. Earlier this… Read More

May 2, 2025 @ 4:50 pm By Omar Faridi  |  

The retail fintech sector faced a significant setback in Q1 2025, as venture capital (VC) funding dropped sharply by 37.8% from the previous quarter, totaling just $1.9 billion, according to PitchBook’s Q1 2025 Retail Fintech VC Trends report. This decline, despite optimism for regulatory relief… Read More

May 2, 2025 @ 4:45 pm By Omar Faridi  |  

New research released by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. This would effectively add one percentage “point to annual growth rates – on par with the growth increment the… Read More

May 2, 2025 @ 1:14 pm By Omar Faridi  |  

UK’s digital bank OakNorth has provided a £25m loan to private equity-backed pension advice provider, My Pension Expert. Since being founded in 2010, the firm is said to have “helped thousands of people approaching retirement age make informed decisions about their retirement and unleash the… Read More

May 2, 2025 @ 12:06 pm By Omar Faridi  |  

CIBC announced its “no annual fee” CIBC Adapta Mastercard, which is reportedly the first credit card in Canada that automatically “determines the cardholder’s top three spend categories each month based on where they spend the most, and rewards them with 50% more points on those… Read More

May 2, 2025 @ 11:35 am By Tony Zerucha  |  

Web3 executives comment on disappearing NFTs, data center shortages and other issues of the week. Disappearing/reappearing NFTs highlight risk with centralized cloud networks “After Nike’s CloneX collection went dark on Thursday, we worked closely with the Nike RTFKT team to hurriedly upload the files to… Read More

May 2, 2025 @ 11:30 am By Omar Faridi  |  

Crypto.com and Green Dot Corporation (NYSE: GDOT) are partnering to offer new banking and money management tools and features to Crypto.com’s U.S. customers. Crypto.com will leverage Green Dot’s embedded finance platform, Arc, as an on-ramp and off-ramp “for customers’ Cash Accounts and enable them to… Read More

May 2, 2025 @ 11:07 am By Omar Faridi  |  

Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, announced that BNY (NYSE: BK), a financial services company, has completed the implementation of Behavox Quantum. Tom Wileman, Head of Global Compliance Assurance at BNY said:… Read More

May 2, 2025 @ 10:03 am By Omar Faridi  |  

Pacaso, the tech-enabled real estate / property marketplace for co-owned luxury vacation homes, released its full-year 2024 financial results, “marking strong year-over-year growth in key performance metrics.” Real estate marketplace Pacaso has reportedly posted $164.5M in 2024 transactions, while also “growing adjusted gross profit by… Read More

May 2, 2025 @ 9:30 am By Omar Faridi  |  

At the Unchained Summit Dubai 2025, Ronghui Gu, Co-founder of CertiK and Associate Professor of Computer Science at Columbia University, delivered a keynote address underscoring the balance between Web3 innovation and robust security measures. With blockchain technology now underpinning a global financial infrastructure valued at… Read More

May 2, 2025 @ 9:01 am By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it surpassed $100 billion in total insured property value. This milestone reinforces Kin’s position as the “tech-forward” direct-to-consumer homeowners insurance provider and “reflects its accelerated growth trajectory.” Kin grew total insured value (TIV) from “$10 billion to… Read More

May 2, 2025 @ 8:25 am By JD Alois  |  

Stablecoins are poised to become payments 3.0 as the technology represents an upgrade to the existing global payments rails. In the UK, the government has just released draft legislation which is deemed to be nearly complete, designed to support privately issued digital currency. Today, the… Read More

May 2, 2025 @ 7:54 am By Tony Zerucha  |  

DailyPay, a worktech company and provider of On-Demand Pay, has expanded into Canada. This marks the company’s second international expansion, after initially moving into the United Kingdom in September 2024. “Expanding into Canada is a major step in our mission to better serve our multinational… Read More

May 2, 2025 @ 7:15 am By Omar Faridi  |  

Deloitte’s latest initiatives underscore the critical role of transparency, digitalization, and artificial intelligence (AI) in navigating increasingly complex economic, regulatory, and technological challenges. Two recent updates from the firm—a 2025 Global Tax Policy Survey and the launch of AI Advantage for CFOs—reveal how organizations are… Read More

May 2, 2025 @ 6:43 am By Omar Faridi  |  

Regtech HYPR, the Identity Assurance Company, announced a significant acceleration of its global growth strategy with the opening of a new European Center of Excellence in Belgrade, Serbia. This second physical office will amplify the company’s capacity to serve its rapidly expanding worldwide customer base… Read More

May 2, 2025 @ 4:11 am By Omar Faridi  |  

Swiss-based banking technology provider Temenos (SIX: TEMN) initiated a major workforce reduction, eliminating several hundred positions across its offices in India. This move is part of a broader strategic realignment aimed at optimizing the company’s global operations and enhancing its focus on high-growth markets. The… Read More

May 2, 2025 @ 3:48 am By Omar Faridi  |  

The United Kingdom, once a global leader in fintech and cryptocurrency innovation, is at risk of falling behind other major global hubs due to stringent regulations and limited access to funding, according to industry professionals. As other regions like the United States, Singapore, and the… Read More