January 11, 2025 @ 11:22 am By Omar Faridi  |  

Spring Financial, a Canadian financial technology company simplifying the lending process for everyday Canadians, announces the launch of Bloom, an AI-driven financial concierge mobile app for everyday Canadians. Bloom redefines financial management by harnessing Artificial Intelligence to make banking, spending and “budgeting completely transparent and… Read More

January 11, 2025 @ 11:21 am By Tony Zerucha  |  

This week, the Independent Community Bankers of America (ICBA) unveiled its new “Repair, Reform, and Thrive” plan for the 119th Congress and the incoming Trump administration to address what it said are “the nation’s broken banking regulations and kickstart economic growth in local communities.” The… Read More

January 11, 2025 @ 11:19 am By Tony Zerucha  |  

As Bitcoin’s price surges, it is attracting more thieves. According to the FBI, in 2022, crypto scams resulted in north of $2.57 billion in losses. The average victim lost $54,000. The increasing intersection of cryptocurrency popularity and evolving fraud tactics highlights the critical need for… Read More

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

M^0 has adopted Chainlink infrastructure to deliver net asset value (NAV) data on Ethereum for their “decentralized” stablecoin, $M. ​​By leveraging Chainlink’s SmartData suite of asset servicing solutions, they are “improving the transparency” of $M. The core M^0 protocol is a coordination layer for “permissioned… Read More

January 11, 2025 @ 11:08 am By Omar Faridi  |  

Nium, the infrastructure for real-time cross-border payments,  announced the launch of the Diners Club International Card for its travel customers. This milestone reportedly makes Nium one of the “first” global payment card issuers in the travel space to “offer cards across the four major schemes.”… Read More

January 11, 2025 @ 11:07 am By Michael Wong  |  

The US Senate Banking Committee is reported set to establish its inaugural subcommittee focused on digital assets, marking a significant move just days after Republicans assumed control of the Senate following recent elections. According to reports, this initiative aligns with President-elect Donald Trump’s vision of… Read More

January 10, 2025 @ 5:33 pm By Omar Faridi  |  

Treasury4, an enterprise software platform delivering tools for treasury and finance practitioners, announced the launch of its Payments4 module tailored for the requirements of treasury and finance teams. An integral component of Treasury4’s Treasury Management System, Payments4 transforms the way organizations handle treasury payments by… Read More

January 10, 2025 @ 5:10 pm By Tony Zerucha  |  

While human-like AI agents look to gain a more prominent role throughout the business in 2025, Harrison Seletsky sees reason for concern. The director of business development at the digital identity platform SPACE ID, Seletsky, cautioned that these tolls are still in their early development stages. Likening… Read More

January 10, 2025 @ 4:45 pm By Omar Faridi  |  

Zellis, part of the Zellis Group, announces a definitive agreement to acquire elementsuite, an AI-enabled HR software company. As part of the transaction, elementsuite will be combined with Zellis, the provider of payroll and HR software to the UK and Ireland, “creating an end-to-end AI-powered… Read More

January 10, 2025 @ 4:44 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform for businesses, announces the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and “reduce the cost of payments.” Adyen’s customers can utilize data-driven, tailored performance recommendations and opportunities… Read More

January 10, 2025 @ 4:42 pm By Omar Faridi  |  

Arf, a global firm focused on providing working capital and settlement liquidity solutions to payments companies, and LuLu Financial Holdings, a financial services conglomerate, have announced a partnership aimed at enhancing settlement times in the cross-border payments sector. This collab will reportedly allow LuLuFin to… Read More

January 10, 2025 @ 10:33 am By JD Alois  |  

Dubai-based Tectum has issued a statement claiming to be the “world’s fastest blockchain.” According to the company the ledger technology has a “theoretical peak” of 3.5 million transactions per second (TPS). Of course, this is not something that is immediately verifiable. Alexander Guseff, Founder and… Read More

January 10, 2025 @ 9:50 am By Omar Faridi  |  

Chime announced that members can now file taxes for “free” directly from the company’s Fintech app in order to simplify tax season. Following a pilot program in 2024, this in-app feature is reportedly available for new and existing Chime members and offers a streamlined “e-filing… Read More

January 10, 2025 @ 9:31 am By Omar Faridi  |  

Klarna, the AI-powered global payment network and shopping assistant, is strengthening its partnership with Zalando, Europe’s online multi-brand fashion destination, by introducing Klarna’s ‘Pay in 3’ option in Germany, Austria, the Netherlands, Poland, and Denmark. This latest expansion builds on last year’s official launch in… Read More

January 10, 2025 @ 9:30 am By JD Alois  |  

Risk capital is experiencing a period of heightened risk, it seems, as venture capital (VC) and private equity (PE) financed firms have registered all-time high bankruptcies, according to S&P Global Market Intelligence data. S&P reports that bankruptcy filings made by US companies backed by PE… Read More

January 10, 2025 @ 7:23 am By Tony Zerucha  |  

An executive with open banking platform Tink believes the Jan. 9 deadline for Eurozone banks to receive instant payments marks the most significant shift since PSD2 seven years ago. Head of industry and wallets Jan Van Vonno believes Europe is finally poised to realize the… Read More

January 10, 2025 @ 7:17 am By Omar Faridi  |  

Trading and investing platform eToro has unveiled a range of tools to give users a more in-depth view of their investment performance while helping them to make informed investment decisions. Designed to help users plan, identify opportunities and benchmark their portfolio against other assets, the… Read More

January 10, 2025 @ 6:22 am By Tony Zerucha  |  

Nigel Green sees, at most, one rate cut in 2025. The deVere Group CEO said that is based on a mounting realization that inflation remains dangerously sticky, and the interest rate needed to bring it fully under control needs to remain higher than many previously… Read More

January 10, 2025 @ 6:21 am By Omar Faridi  |  

IXOPAY, an enterprise payment orchestration platform, and Riskified (NYSE:RSKD), a key player focused on ecommerce fraud and risk intelligence,  announced a  partnership to enhance payment security, lower  fraud challenges and boost payment operation resilience. As global payment ecosystems become more complex, so do the associated… Read More

January 10, 2025 @ 6:17 am By Omar Faridi  |  

OnPay, a provider of payroll, HR, and benefits solutions, announced today that it has secured more than $100 million in funding. The funding consists of a $63 million Series B investment round that has reportedly been led by Carrick Capital Partners, along with contributions from… Read More