January 26, 2025 @ 10:50 pm By Michael Wong  |  

Jordan’s Cabinet, chaired by Prime Minister Jafar Hassan, approved plans to establish a comprehensive regulatory framework for virtual or digital assets within one year, according to reports. The move is aimed at aligning with global standards, bolstering the country’s digital economy, and safeguarding investors in… Read More

January 26, 2025 @ 10:09 pm By Tony Zerucha  |  

This week, Alkami Technology (Nasdaq: ALKT), a cloud-based digital banking solutions provider, announced the launch of its Business Banking Digital Maturity Assessment. Built only for financial institutions, this tool was derived from a recent study that was published in partnership with Emerald Research Group and… Read More

January 26, 2025 @ 9:56 pm By Omar Faridi  |  

Marie-Anne Barbat-Layani, Chairwoman of the Autorité des Marchés Financiers (AMF), outlined the regulator’s key priorities for the next twelve months. These priorities align with the AMF’s strategic framework, “IMPACT 2027,” and reflect its objectives for 2025. Marie-Anne Barbat-Layani said: “As we step into 2025, the… Read More

January 26, 2025 @ 8:45 pm By Michael Wong  |  

Furaha, a purpose-driven lending platform aimed at boosting financial access across sub-Saharan Africa, has raised $10 million through a joint investment by SC Ventures, Standard Chartered’s innovation and fintech investment arm, and Yabx Technologies (Netherlands) B.V. SC Ventures contributed $7 million, while Yabx, part of… Read More

January 26, 2025 @ 8:04 pm By Michael Wong  |  

Malaysia-listed digital services firm MY E.G. Services Berhad (MYEG) announced a strategic collaboration with MyDigital ID Solutions Sdn Bhd (MYIDSSB) to develop a blockchain-powered national digital identity platform, the MyDigital ID Superapp, aimed at combating online fraud and enhancing digital integration. The partnership, formalized through… Read More

January 26, 2025 @ 7:03 pm By Omar Faridi  |  

CBInsights conducted a survey with 50 senior strategy professionals to examine their approaches to generative AI (genAI) implementation and understand why some teams are achieving better results than others. According to the findings, generative AI is the top technology priority for corporate strategy teams in… Read More

January 26, 2025 @ 6:58 pm By Omar Faridi  |  

Consumers should remain vigilant against romance fraud, which continues to harm unsuspecting individuals each month, according to Bank of Ireland. The bank emphasizes the importance of staying cautious and not allowing emotions to override financial judgment. Romance fraud involves scammers creating false identities to build… Read More

January 26, 2025 @ 6:54 pm By Omar Faridi  |  

New York State Department of Financial Services Superintendent Adrienne A. Harris announced that PayPal, Inc. (NASDAQ: PYPL) will pay a $2 million penalty to New York State for violations of DFS’s Cybersecurity Regulation. An investigation determined PayPal failed to use qualified personnel to manage key… Read More

January 26, 2025 @ 6:54 pm By Michael Wong  |  

Pluto, the United Arab Emirates’ corporate card and expense management platform, announced that it has secured $4.1 million in a pre-Series A funding round. The development comes shortly after Pluto’s co-founder Mohammed Ridwan revealed that the platform surpassed AED1 billion in cumulative spend under management,… Read More

January 26, 2025 @ 6:49 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature using the IntraFi Cash Service. The capability will enable Cross River’s Banking-as-a-Service (BaaS) clients to access millions in aggregate FDIC insurance coverage “across network banks… Read More

January 26, 2025 @ 3:32 pm By Omar Faridi  |  

Juro, a contract automation platform leveraging artificial intelligence, has announced the opening of its US headquarters in Boston. This move aims to strengthen its presence in its largest market, accelerate growth, and enhance support for its US customer base. Founded in London in 2016, Juro… Read More

January 26, 2025 @ 3:22 pm By Omar Faridi  |  

Investment platform Lightyear has made an entry into the UK Individual Savings Account (ISA) market by launching two products: a 4.75% Cash ISA and a Stocks & Shares (S&S) ISA. Designed to help UK consumers grow their wealth, these ISAs aim to prioritize flexibility, transparency,… Read More

January 26, 2025 @ 3:20 pm By Omar Faridi  |  

Zumo, the B2B digital assets platform, released survey report exploring the preparedness of Crypto-Asset Service Providers (CASPs) for the EU’s incoming Markets in Crypto-Assets (MiCA) regulation, with “a particular focus on sustainability requirements.” The MiCA CASP Sustainability Readiness Assessment snapshot report highlights a “sustainability compliance… Read More

January 26, 2025 @ 12:16 pm By Omar Faridi  |  

In a major development for Indian cryptocurrency exchange WazirX, the Singapore High Court has officially endorsed the platform’s restructuring plan, offering a path toward repaying user funds lost in a substantial cyberattack. This hack, which occurred in July 2024, resulted in a $235 million loss… Read More

January 26, 2025 @ 12:15 pm By Omar Faridi  |  

Research from embedded finance firm Weavr, conducted through Censuswide, revealed that workers lose around £690 million every year in unclaimed and unpaid expenses in the United Kingdom. Surveying more than 500 office workers based in the UK, Weavr found that 81% of respondents say they… Read More

January 26, 2025 @ 11:53 am By Omar Faridi  |  

In recent comments, Bank of America’s (NYSE: BAC) CEO Brian Moynihan expressed the bank’s readiness to support cryptocurrency payments in the future, highlighting the need for clear and robust regulatory frameworks before they can fully embrace crypto transactions for clients. Moynihan said at the World… Read More

January 25, 2025 @ 5:27 pm By Omar Faridi  |  

Digital bank Revolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable),… Read More

January 25, 2025 @ 5:26 pm By Michael Wong  |  

Workera, an AI-powered skills intelligence platform, has received a strategic investment from professional services company Accenture as part of a broader alliance aimed at accelerating the adoption of skills-first strategies. The collaboration encompasses multiple areas: a financial commitment from Accenture, a reseller agreement to distribute… Read More

January 25, 2025 @ 5:24 pm By Omar Faridi  |  

The peer-to-peer cryptocurrency trading platform NoOnes has revealed it was the victim of a significant security breach earlier this month, resulting in the loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the hack after it was disclosed by crypto researcher ZachXBT… Read More

January 25, 2025 @ 5:23 pm By Tony Zerucha  |  

This week, Foyer, a Fintech company focused on first-time homebuyers, announced the successful closure of a $6.2 million seed round led by Alpaca VC and Hometeam Ventures with participation from Animo Ventures, Resilience VC, Accion Venture Lab, Detroit Venture Partners, and Clocktower Ventures. The funds… Read More