April 2, 2025 @ 10:59 am By JD Alois  |  

Big UK banks and big tech have joined together to commit to battling the ongoing fraud challenge which is impacting the financial services sector. Amazon, Barclays, BT, Google, HSBC, Lloyds, Nationwide, NatWest, Match Group, Meta, Monzo, Santander, and Three joined in signing a statement to… Read More

April 2, 2025 @ 10:33 am By JD Alois  |  

Ayan Capital says it has raised £25 million in Shariah-compliant financing from institutional debt provider Partners for Growth (PFG). Ayan says the commitment reflects the rising demand for Islamic financial products in the UK. Ayan Capital already provides halal business car financing, serving private hire… Read More

April 2, 2025 @ 10:21 am By Omar Faridi  |  

Payhawk, the spend management platform, today announced the launch of “AI Office of the CFO,” a suite of AI agents that solve finance’s AI challenge: increasing finance teams’ productivity while “maintaining complete control over their operations.” With its platform managing companies’ transactions, policies, workflows, and… Read More

April 2, 2025 @ 10:04 am By Tony Zerucha  |  

Ocrolus, a provider of AI-driven document automation and analysis for financial services and Entech, a global digital consultancy, today announced a strategic partnership to transform the lending application process. By combining Ocrolus’ intelligent document processing technology with Entech’s loan origination platform and technology services, lenders can… Read More

April 2, 2025 @ 8:53 am By JD Alois  |  

NewsMax (NYSE:NMAX) floated its shares on the New York Stock Exchange (NYSE) this past week. Shareholders saw the value of the equity go hyperbolic as shares closed at $233 yesterday, rising almost $150 during the day, giving the company a market cap of over $20… Read More

April 2, 2025 @ 8:38 am By Omar Faridi  |  

BitPay, a cryptocurrency payments platform and wallet provider, has officially launched its UK website and wallet app in compliance with the Financial Promotions Regime. The launch gives the UK crypto community access to a “range of consumer crypto solutions, solidifying BitPay’s commitment to a growing… Read More

April 2, 2025 @ 8:37 am By Omar Faridi  |  

The PwC Global Crypto Regulation Report 2025 offers a comprehensive analysis of the evolving regulatory environment for digital assets across more than 50 jurisdictions. The PwC research report underscores significant policy shifts and emerging trends, reflecting a global push to balance innovation with financial stability… Read More

April 2, 2025 @ 8:35 am By Omar Faridi  |  

SIX, the global financial data and market infrastructure provider, has launched its Digital Assets Regulatory & Tax Service – a data package providing financial institutions with “a single information source to help identify their exposure to digital assets and remain compliant with evolving regulations.” It… Read More

April 2, 2025 @ 8:33 am By Omar Faridi  |  

Fireblocks, a digital asset security and infrastructure provider, has signed a Memorandum of Understanding (MoU) with Sumitomo Mitsui Banking Corporation (SMBC Group), one of Japan’s largest banks, alongside Ava Labs and TIS Inc. This collaboration aims to explore the potential of stablecoins for wholesale payments,… Read More

April 2, 2025 @ 8:32 am By Omar Faridi  |  

Circle Internet Group, Inc., the issuer of the world’s second-largest stablecoin, USD Coin (USDC), has officially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This move marks a significant milestone for the cryptocurrency industry, reflecting growing mainstream acceptance… Read More

April 2, 2025 @ 6:32 am By Omar Faridi  |  

The National Wealth Fund (NWF) has announced a financial guarantee of up to £400 million to cover a series of new loans provided by NatWest Group to registered providers for the retrofit of social housing stock in the UK. The lending aims to help registered… Read More

April 1, 2025 @ 8:49 pm By Omar Faridi  |  

Revolut, the global fintech claiming 50 million+ customers, released its Consumer Security and Financial Crime Report, revealing the evolving tactics of fraudsters globally. The report highlights that criminals are increasingly “turning to encrypted messaging services to exploit victims, with the proportion of fraud originating on… Read More

April 1, 2025 @ 8:47 pm By Omar Faridi  |  

OKX, a cryptocurrency exchange and Web3 technology company, has been making several key announcements in 2025, reinforcing its position as a global service provider in the blockchain and digital assets ecosystem. From appointing a new Chief Legal Officer to expanding its footprint across Europe and… Read More

April 1, 2025 @ 8:44 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is simplifying and scaling interactions among banks, platforms, and corporates alike by launching a new program to accelerate the adoption of virtual cards. This transformation is supported by advances in Mastercard’s embedded Virtual Card Number (VCN) technology, which is said to be… Read More

April 1, 2025 @ 8:40 pm By Omar Faridi  |  

Consumer Fintech Chime has recently announced two transformative updates aimed at enhancing user experience and expanding its reach. On March 31, 2025, Chime introduced Chime+, a premium membership tier with various new features in a redesigned app, alongside the launch of Chime Workplace, a financial… Read More

April 1, 2025 @ 4:34 pm By JD Alois  |  

Goldman Sachs (NYSE:GS), the partner powering the Apple Card, has wanted to exit its relationship with Apple (NASDAQ:AAPL) for quite some time now. Several years back, Goldman had big aspirations to utilize technology and leverage in-house expertise to power the future of mass financial services…. Read More

April 1, 2025 @ 3:31 pm By JD Alois  |  

DealMaker, an online capital formation enabler, says it processed over $96 million in investments during March. This amount incorporates funds committed from 40,657 individual investors. This volume has been boosted by a single issuer. An unnamed media company that is “expanding its community ownership model.”… Read More

April 1, 2025 @ 3:23 pm By JD Alois  |  

Following its first Roundtable, the new SEC Crypto Task Force says it will hold four more meetings to discuss the developing digital asset marketplace. The following gatherings are on the agenda: April 11, 2025 – Between a Block and a Hard Place: Tailoring Regulation for… Read More

April 1, 2025 @ 3:09 pm By JD Alois  |  

During the Gensler administration, the Securities and Exchange Commission (SEC) took a hard turn towards social issues (ESG) and away from its mandate of efficient markets, capital formation, and investor protection. In fact, little or nothing was done to support facilitating capital for both private… Read More

April 1, 2025 @ 12:24 pm By Tony Zerucha  |  

A new report from the Financial Health Network said a new reporting requirement for credit unions reveals that the impact of overdraft and NSF fees is much higher than once thought. Early in 2024, the National Credit Union Administration (NCUA) mandated that credit unions with… Read More