June 6, 2025 @ 5:31 pm By Omar Faridi  |  

Thunes, the so-called “Smart Superhighway” to move money around the world, announced it has secured the 50 licenses it requires to operate in the United States. This marks a milestone following its recent Series D funding round and reinforces Thunes’ commitment to “scale at pace… Read More

June 6, 2025 @ 5:30 pm By Omar Faridi  |  

In a bid to accelerate the integration of Artificial Intelligence (AI) across the bank, CommBank has completed migrating its data platform to Amazon Web Services (AWS), its cloud provider. The scalable data platform will integrate with other channels across the bank to help “drive faster,… Read More

June 6, 2025 @ 4:49 pm By Omar Faridi  |  

Ctrl Alt, a tokenization infrastructure platform, has officially secured its license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Assets Service Provider (VASP). Notably, Ctrl Alt claims it is the first VASP authorized to conduct issuer-related services. This milestone marks a… Read More

June 6, 2025 @ 4:45 pm By Omar Faridi  |  

Anchorage Digital is pleased to announce support for Derive, the decentralized exchange enabling capital-efficient on-chain options. Institutions trading on Derive can now “secure their balances on Derive via Porto, their institutional self-custody wallet.” Derive is purpose-built for professional traders, “offering portfolio margin, capital-efficient spreads, and… Read More

June 6, 2025 @ 4:33 pm By JD Alois  |  

Circle Internet Group (NYSE:CRCL) ended the week on a high note for its initial public offering (IPO). Shares in Circle were initially priced at $31/share, but it seems underwriters may have left some money on the table as shares closed today at $107.53 each, rising by… Read More

June 6, 2025 @ 4:06 pm By Omar Faridi  |  

CertiK noted that earlier this year, the U.S. Treasury Department made a groundbreaking decision to lift sanctions on Tornado Cash, an Ethereum-based cryptocurrency mixing service that had been a lightning rod for controversy since its sanctioning in 2022. Originally blacklisted by the Office of Foreign… Read More

June 6, 2025 @ 3:23 pm By JD Alois  |  

Wise (LSE:WISE), a leading UK-based Fintech, published annual results this week, showing a 23% increase in cross-border volume to £145.2 billion, driven by customer growth and greater adoption of the Wise account. Wise started as a platform for transferring money globally, aiming to be a… Read More

June 6, 2025 @ 1:40 pm By Omar Faridi  |  

European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending. Virtual cards are a digital alternative “to physical credit or debit cards, offering real-time issuance, customisable limits,… Read More

June 6, 2025 @ 1:26 pm By JD Alois  |  

Mexican Insurtech Crabi has raised $13.6 million in a funding round led by Kaszek and Ignia. Other investors include 30N, Redwood, Carao, Azuro, Newtopia, and certain unnamed insiders. Crabi is pursuing an insurance model for Autos, which is said to be AI-driven. Crabi noted that… Read More

June 6, 2025 @ 1:03 pm By Omar Faridi  |  

Iress announced that 26 Degrees Global Markets, the multi-asset prime broker, has added the QuantHouse Cboe One Feed to its US equity data coverage, expanding its US trading capabilities and enhancing its offering for retail brokers seeking ‘out of hours’ access to US markets. The… Read More

June 6, 2025 @ 1:02 pm By Omar Faridi  |  

ThetaRay, a global firm focused on Cognitive AI financial crime compliance, and Spayce, a cross-border payments platform, announced a partnership to combat evolving financial threats and enhance global payment security. The announcement comes at a time “when the financial crime landscape is undergoing a transformation.”… Read More

June 6, 2025 @ 11:41 am By Omar Faridi  |  

TransactPay, a provider of UK & European BIN sponsorship and modular payment, debit, credit and prepaid services, has partnered with Griffin, the UK’s bank for fintechs and platforms. This partnership strengthens TransactPay’s banking infrastructure and enhances its “product offering for card programs in the UK.”… Read More

June 6, 2025 @ 10:42 am By Omar Faridi  |  

TS Imagine, the global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, released its latest fixed income momentum indicators, highlighting growth in electronic trading volumes, protocol usage, and automation across its TradeSmart platform. The data, captured from TradeSmart’s Fixed Income EMS,… Read More

June 6, 2025 @ 10:23 am By Omar Faridi  |  

The cryptocurrency market continues to evolve at a rapid pace, and leverage remains a critical component of its ecosystem. Galaxy Research’s Q1 2025 report, The State of Crypto Leverage, provides a comprehensive analysis of the shifting dynamics in crypto-collateralized lending, decentralized finance (DeFi), centralized finance… Read More

June 6, 2025 @ 10:22 am By Omar Faridi  |  

PEXA, the digital property exchange platform, announces the completion of the UK’s fully digital Purchase transaction. The transaction took place as part of the testing of PEXA’s Sale & Purchase proposition “ahead of its full launch and wider market roll out later this year.” It… Read More

June 6, 2025 @ 9:52 am By JD Alois  |  

Perhaps this is emblematic of the global venture market, but in France, the funding of startups “collapsed” during the month of May. According to a report in JDN, just €199 million was committed to tech startups in May – the lowest number since March 2020. This represents a… Read More

June 6, 2025 @ 9:34 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is erasing its ban on crypto-based Exchange Traded Notes (ETNs) as government policy aims to support digital asset innovation. ETNs are different from ETFs in the US. A breakdown of the assets is available here. In a release, David… Read More

June 6, 2025 @ 8:43 am By JD Alois  |  

Circle Internet Group (NYSE:CRCL) blew the doors off its listing on the New York Stock Exchange (NYSE) yesterday. While the pricing was set at $31/share, higher than initially anticipated, Circle quickly topped expectations as it closed regular trading at $83.23 – a 168% increase over… Read More

June 6, 2025 @ 8:18 am By Omar Faridi  |  

Trustly, the global enabler of Pay by Bank, announced a partnership with The Swedish Postcode Lottery (Svenska Postkodlotteriet). This collaboration is set to enhance “the way people participate in one of Europe’s charity-based lotteries by providing seamless, secure, and fast payment processing solutions.” The Swedish… Read More

June 6, 2025 @ 8:15 am By Omar Faridi  |  

TransferMate, the world’s provider of embedded B2B payments infrastructure as a service (IaaS), announced a partnership with Deutsche Bank. The partnership will see TransferMate work with Deutsche Bank in various countries, “enabling TransferMate to provide in-country collections, cross border payments, and the ability to store… Read More