May 18, 2025 @ 10:25 pm By Omar Faridi  |  

Modern Treasury has introduced Stablecoin Payment Accounts (SPAs), a revolutionary solution designed to streamline domestic and international money movement. This innovation integrates stablecoin technology with traditional payment rails, offering businesses a more cost-effective, and compliant way to manage transactions. By combining the stability of USD-backed… Read More

May 18, 2025 @ 10:23 pm By Omar Faridi  |  

Openlayer, a unified platform for evaluation and governance of AI systems at the enterprise level, announced a $14.5 million Series A round, led by Race Capital with participation from NXTP, KPN Ventures, Mindset, Y Combinator, Quiet Capital, and Telefonica. The company will leverage the new… Read More

May 18, 2025 @ 10:22 pm By Tony Zerucha  |  

Mashreq, a MENA financial institution, is set to announce a strategic partnership with Clari5, a provider of real-time financial crime management, to launch Clari5 Genie, a Gen AI-powered fraud detection and investigation platform. Clari5 Genie is designed to help banks proactively manage fraud by using Gen-AI to uncover… Read More

May 18, 2025 @ 6:27 pm By Omar Faridi  |  

Bestow has announced a $120 million Series D funding round, which was led by Goldman Sachs and Smith Point Capital. Bestow’s mission has been to increase “financial stability” for consumers. The company aims to make life insurance “more accessible to millions of families at a… Read More

May 18, 2025 @ 6:21 pm By Omar Faridi  |  

Riskified, a firm focused on e-commerce fraud and risk intelligence, has achieved AWS Accelerate Partner status. This global co-sell initiative strengthens Riskified’s collaboration with AWS, enabling the company to “extend its fraud and risk intelligence solutions to online sellers worldwide.” With this partnership, Riskified’s advanced… Read More

May 18, 2025 @ 6:19 pm By Omar Faridi  |  

Algbra Group and its Fintech-as-a-Service division, Algbra Labs, have  announced a partnership with Gatehouse Bank to deliver the next stage of the bank’s digital transformation strategy. Gatehouse Bank is a Shariah-compliant, UK Bank offering ethical savings products for UK customers and residential property finance “in… Read More

May 18, 2025 @ 3:15 pm By Omar Faridi  |  

eToro, the trading and investing platform, announces a partnership with Generali, a key player in the French life insurance market, to offer its users in France a life insurance contract and a PER (Plan d’Épargne Retraite) to its users in France. The announcement follows the… Read More

May 18, 2025 @ 2:45 pm By Omar Faridi  |  

Acorns, the financial wellness app for everyday Americans, announced the asset acquisition of EarlyBird, the family wealth and digital memory platform for children. With this move, Acorns further enhances its role in financial wellness for the family. In the past year, Acorns has doubled its… Read More

May 18, 2025 @ 1:39 pm By Tony Zerucha  |  

This week, Hedera announced the launch of AI Studio—an open-source, modular toolkit for building intelligent AI applications on its network. As AI enters a new era of autonomy, interoperability, and verifiability, AI Studio gives developers and enterprises a suite of tools to build powerful, trusted applications. The… Read More

May 18, 2025 @ 10:47 am By Michael Wong  |  

The Bahrain Institute of Banking and Finance (BIBF) and GFH Financial Group have formed a strategic partnership to develop a comprehensive book on Islamic capital markets, in a move aimed at reinforcing Bahrain’s status as a global hub for Islamic finance education and innovation. The… Read More

May 18, 2025 @ 10:21 am By Omar Faridi  |  

With the acquisition of Finanzportal24, Etops says that it strengthens its position in the market for digital wealth advisory and will offer financial service providers — “including independent financial advisors, intermediaries, as well as banks and insurance companies — an even broader range of integrated… Read More

May 18, 2025 @ 8:51 am By Tony Zerucha  |  

Global Payments Inc. (NYSE: GPN), a provider of payment technology and software solutions, has released Genius, a new POS command center for business operations. The launch unifies all the Global Payments POS products into an all-in-one, intuitive and highly configurable new POS platform. “Going to… Read More

May 18, 2025 @ 7:48 am By Michael Wong  |  

Gulf International Bank B.S.C. (GIB) has closed its debut $500 million syndicated Murabaha financing facility, marking a milestone in its funding strategy and expanding its footprint in the Islamic finance market, according to a company announcement. The three-year Shariah-compliant facility was significantly oversubscribed, attracting strong… Read More

May 18, 2025 @ 5:22 am By Tony Zerucha  |  

inabit, a provider of secure cryptocurrency management solutions, has announced its collaboration with Google Cloud to utilize its Confidential Computing platform to provide stronger security for cryptocurrency and digital asset transactions.  The urgency of this collaboration is underscored by recent high-profile security breaches, notably the… Read More

May 17, 2025 @ 2:05 pm By Michael Wong  |  

Left Main REI, a CRM and data intelligence platform designed for real estate investors, has secured a strategic seed investment from Cofounders Capital. The funding will support the continued development of Left Main Genius, an AI-powered suite that aims to redefine how investors manage leads,… Read More

May 17, 2025 @ 1:03 pm By Michael Wong  |  

A Ukrainian court has authorized the transfer of virtual assets seized during a major fraud and illegal gambling investigation, to the country’s National Agency for Asset Recovery and Management (ARMA), according to a court ruling in local dialect. The move marks a significant development in… Read More

May 17, 2025 @ 12:02 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) has proposed reforms aimed at simplifying initial public offering (IPO) requirements and expanding outreach to investors, as part of broader efforts to strengthen the city-state’s position as a competitive equities hub. In a consultation paper, MAS outlined a three-pronged… Read More

May 17, 2025 @ 11:45 am By Tony Zerucha  |  

CrediLinq, an AI-powered embedded finance platform for digital-first SMEs, has closed an $8.5 million Series A funding round. The round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and the Rustem Family office. Returning investors include 500 Global, Epic Angels, 1982 VC and… Read More

May 17, 2025 @ 11:14 am By Tony Zerucha  |  

Our Revolution, a grassroots organization, hosted a national organizing call Monday night with Sens. Elizabeth Warren and Jeff Merkley to discuss the GENIUS Act, legislation that provides rules to govern the stablecoin sector, and mobilize a people-powered firewall against what it says is the crypto-corporate… Read More

May 17, 2025 @ 11:10 am By Omar Faridi  |  

CrediLinq, the AI-powered embedded finance platform that is enabling access to growth capital for underserved digital-first SMEs globally, announced the close of its $8.5 million Series A funding round. The funding round was led by OM/VC and MS&AD Ventures. New investors include Citi North America… Read More