February 7, 2025 @ 6:05 am By Omar Faridi  |  

Digital-only financial providers (such as neobanking platforms like Monzo, Starling Bank and Revolut as well as fintechs like Klarna), expanded their overall reach from 16% of adults back in 2018 to a significant 50% in 2024 according to research from RFI Global, the data and… Read More

February 7, 2025 @ 6:03 am By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a provider of payments and financial services tech, announced the FirstRand Group will become the “first” financial institution outside of the U.S. to commission Finxact from Fiserv — the ­cloud-native, real-time banking solution that offers enhanced access to data — to… Read More

February 7, 2025 @ 6:02 am By Omar Faridi  |  

Katherine Adkins, Chief Legal Officer at BNPL Fintech firm Affirm (NASDAQ: AFRM) noted that consumer spending is like the engine that drives the American economy, accounting for about 70% of US GDP by most estimates. Katherine Adkins of Affirm also mentioned that if spending is… Read More

February 6, 2025 @ 9:13 pm By Omar Faridi  |  

Pirum, the tech partner for securities finance automation and collateral management, announced that Sharegain, a securities lending fintech, has gone live on Pirum TradeConnect. Stuart Jarvis, Head of Strategic Partnerships at Sharegain, said: “Pirum TradeConnect delivers the simplicity and efficiency the market has been waiting… Read More

February 6, 2025 @ 9:09 pm By Omar Faridi  |  

Singapore’s banking industry is facing an “unprecedented” challenge as the number of clients abandoning banks due to “slow and inefficient onboarding practices” has surged to record levels, according to research from Fenergo, a global firm focused on client lifecycle management (CLM), Know your Customer (KYC)… Read More

February 6, 2025 @ 6:40 pm By Omar Faridi  |  

Santander Bank, N.A. (NYSE: SAN) announced that the Openbank digital bank platform topped $2 billion in total deposits since going to market in the United States in the fourth quarter of 2024. This achievement is said to represent a key milestone in the Santander US… Read More

February 6, 2025 @ 6:02 pm By Omar Faridi  |  

iCapital, the global fintech platform driving the alternative investment marketplace for the wealth and asset management industries, announced a series of enhancements to its portfolio construction tool, iCapital Architect. The toolkit arms financial advisors with education and analytics and also provides the iCapital Architect technology… Read More

February 6, 2025 @ 3:44 pm By JD Alois  |  

Acting CFTC Chairman Caroline D. Pham says there will be no more “regulation by enforcement.” This term has been widely utilized to describe regulatory activity in financial services during the Biden Administration. More specifically, the rise of digital assets created policy hysteria with the government…. Read More

February 6, 2025 @ 3:33 pm By Omar Faridi  |  

As part of Gemini’s mission to offer “trusted” information to institutional and retail investors, they have released a crypto trends report, “2025 Trends: Data-Driven Insights Into the Crypto Market,” in collaboration with Glassnode, an analytics firm specializing in on-chain assets. Gemini states that the report… Read More

February 6, 2025 @ 3:25 pm By JD Alois  |  

This week, Congress is busy holding hearings on Debanking and other nefarious actions taken by federal regulators targeting the digital asset sector during the Biden Administration. Crypto firms have struggled in the US to gain regulatory clarity from the government, which sought to undermine crypto… Read More

February 6, 2025 @ 3:12 pm By Omar Faridi  |  

Kaspersky has discovered a new data-stealing Trojan, SparkCat, active in the Apple App Store and Google Play. This is said to be the “first known instance” of optical recognition-based malware appearing in AppStore. Kaspersky said they found comments in the code written in Chinese, possibly… Read More

February 6, 2025 @ 3:07 pm By JD Alois  |  

R3, the creator of Corda, a permissioned blockchain for tokenizing assets, has announced a partnership with IDEMIA Secure Transactions (IST) to boost its ability to issue central bank digital currencies (CBDCs). IDEMIA is a provider of payments and connectivity solutions that can also handle offline… Read More

February 6, 2025 @ 11:30 am By JD Alois  |  

The Bank of England has cut benchmark rates by 25 basis points to 4.5%, a move anticipated by markets. The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024,… Read More

February 6, 2025 @ 11:13 am By Omar Faridi  |  

BMO, in partnership with FISPAN, announced the launch of BMO Sync, a solution that integrates BMO Online Banking for Business services into Enterprise Resource Planning (ERP) and accounting systems such as QuickBooks Online, Sage Intacct, and other leading ERPs. This solution enables Online Banking for… Read More

February 6, 2025 @ 11:06 am By Omar Faridi  |  

DailyPay, a worktech and provider of earned wage access and goHappy, the provider of frontline employee engagement solutions, announced a partnership designed to simplify frontline workers’ access to their earned wages. The partnership speaks to DailyPay’s commitment to making it easier for daily workers to… Read More

February 6, 2025 @ 8:17 am By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) announced it is now included in the set of staking providers integrated with BitGo Trust Company, Inc., a provider of digital asset custody services, enhancing how investors optimize their staked digital assets. This partnership combines Galaxy’s blockchain infrastructure, lending… Read More

February 6, 2025 @ 8:16 am By Omar Faridi  |  

Thai financial market solutions firm ThaiQuest has agreed a multi-year partnership with SIX, the financial data and market infrastructure provider, to access market data from SIX and enhance its financial information business. As explained in the announcement, ThaiQuest will gain access to the SIX financial… Read More

February 6, 2025 @ 12:21 am By Omar Faridi  |  

Chainalysis explained that Virtual Asset Service Providers (VASPs) play a crucial role in the cryptocurrency landscape by providing services that facilitate the use and “adoption of digital assets by retail and institutional customers alike.” From exchanges to custody providers to payment processors, VASPs are helping… Read More

February 5, 2025 @ 11:45 pm By Omar Faridi  |  

Data from Experian finds that over 10 million people who hold a credit card with interest may be able to save “£1,391.69 in interest payments” annually by switching their existing balances to a balance transfer card (BT card) with a better deal. Experian’s data reveals… Read More

February 5, 2025 @ 11:13 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), one of Europe’s financial technology companies, has started using Yapily‘s account information services (AIS) to power their merchant services. Yapily will enable Adyen to deliver a better onboarding experience for customers while improving their account verification processes. Merchants that use Adyen’s services can now… Read More