January 9, 2025 @ 9:49 pm By Omar Faridi  |  

TransUnion (NYSE:TRU) has signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver personalized credit offers to consumers via comparison sites and other third parties. TransUnion currently owns 30% of the equity of Monevo… Read More

January 9, 2025 @ 9:46 pm By Omar Faridi  |  

Northwestern Mutual, a financial services provider of insurance and wealth products, and Sixth Street, a global investment firm, announced a partnership to support Northwestern Mutual’s long-term, diversified investment strategy for its institutional investment portfolios, which “total over $320 billion.” Under the partnership, Sixth Street will… Read More

January 9, 2025 @ 7:26 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired a digital twin technology platform for banks developed by Percipient, a Singapore-based fintech with experience in banking tech transformation. The acquisition enhances Accenture’s banking modernization capabilities, helping financial services clients in Asia Pacific “accelerate the reinvention of their core systems,… Read More

January 9, 2025 @ 6:21 pm By Omar Faridi  |  

Pyth Network and digital banking plaform Revolut are focused on enabling the future of mainstream finance. As the boundaries between traditional and decentralized finance blur, Revolut—a global enabler of digital banking—has partnered with Pyth Network as a data publisher to contribute its “trusted price data”… Read More

January 9, 2025 @ 3:20 pm By JD Alois  |  

While MiCA [Markets in Crypto Assets] rules in the EU do not regulate securities it does outline a path for stablecoin integration. Stablecoins may emerge as the next iteration of payments rails with immediate transfers and low cost services. Dary McGovern, Chief Operating Officer of… Read More

January 9, 2025 @ 3:11 pm By JD Alois  |  

The team behind Arbitrum and Prysm has hired Ira Auerbach as Head of Tandem, the studio and VC arm of Offchain Labs. Auerbach was previously Senior Vice President and Head of Digital Assets at Nasdaq. Auerbach is expected to support projects building innovative blockchain applications… Read More

January 9, 2025 @ 2:57 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is pleased to announce that Farm Bureau Insurance Company of Idaho, the property-casualty insurance company headquartered in the Gem State, has selected Akur8’s Core Platform solution to streamline the development of “high performing,”… Read More

January 9, 2025 @ 2:56 pm By Omar Faridi  |  

Merrill Wealth Management announced the launch of its Ultra-High-Net-Worth (UHNW) Advisory Group, a team of more than 25 Merrill specialists who will partner with advisors to deliver comprehensive wealth and investment solutions to UHNW clients and connect them to Bank of America’s (NYSE: BAC) breadth… Read More

January 9, 2025 @ 2:55 pm By Omar Faridi  |  

IDB Invest approved an investment of up to $50 million in Victory Park Capital (VPC) Investor Fund W, L.P., a debt fund in Latin America and the Caribbean committed to offering financial solutions for Fintechs. The fund will focus on expanding access to financing for… Read More

January 9, 2025 @ 12:32 pm By Omar Faridi  |  

Custodia Bank is pleased to have achieved the System and Organization Controls (SOC) 2 Type II audit, showcasing their ongoing commitment to safeguarding data. According to the update shared by Custodia Bank, this certification reflects their dedication and sharp focus on maintaining the “highest standards… Read More

January 9, 2025 @ 12:28 pm By Omar Faridi  |  

Bullish Group, one of the providers of digital asset market infrastructure and information services, announced that its German digital asset trading business received crypto-asset custody, proprietary trading, and principal brokerage licenses from the German Federal Financial Supervisory Authority (BaFin) on December 20, 2024. This development… Read More

January 9, 2025 @ 12:26 pm By Omar Faridi  |  

Willow Tree Credit Partners LP, a private credit alternatives firm, announced the closing of Willow Tree CLO II, which is a $502.3 million Collateralized Loan Obligation (CLO). Willow Tree’s second CLO, closing within 2 months of its first CLO, signifies Willow Tree’s strong “positioning and… Read More

January 9, 2025 @ 12:22 pm By JD Alois  |  

Italy Crowd, an investment platform focused on Real Estate offerings, has shut down. Italy Crowd was reportedly the first platform of its kind in Italy. Last year, Italy Crowd withdrew its application from the CONSAB (the securities regulator in Italy) to issue securities under the… Read More

January 9, 2025 @ 10:56 am By Omar Faridi  |  

Polyhedra, the zero-knowledge infrastructure company behind the zk-proof system, announced the Explore Expander Bootcamp, launching January 20th, 2025. This program reportedly provides developers an opportunity to harness Expander, Polyhedra’s zk-proof system, in order to drive innovation in blockchain / DLT and cryptography — including its… Read More

January 9, 2025 @ 10:54 am By JD Alois  |  

FV Bank adds PYUSD, PayPal’s stablecoin offering, to its list of accepted transfer and payment services. FV Bank is a licensed US bank based in Puerto Rico – a jurisdiction with somewhat different compliance rules. FV Bank notes that it is the only US bank… Read More

January 9, 2025 @ 10:45 am By JD Alois  |  

EU instant payment rules are going into effect. An X by the Financial Stability Financial Services and Capital Markets Union Directorate noted the rollout today, stating: “Today our instant payments rules will gradually start to come into effect, allowing you to receive money in seconds… Read More

January 9, 2025 @ 10:09 am By JD Alois  |  

Although the US Securities and Exchange Commission (SEC) fought it tooth and nail, one year ago, the first Bitcoin ETFs were approved by the regulator. The approval brought a degree of mainstream acceptance to the world’s favorite crypto, providing a way for anyone to purchase… Read More

January 9, 2025 @ 8:30 am By Omar Faridi  |  

As US consumers had prepared to spend an estimated $18.5 billion on BNPL services this holiday, banks had faced a crucial challenge: how can they offer flexible lending without contributing to worsening debt cycles? With over 10 years of experience in the Fintech world, and… Read More

January 9, 2025 @ 8:26 am By Omar Faridi  |  

Confidence in retirement prospects among Brits surged in 2024, according to PensionBee’s Pension Confidence Index highlighting a “substantial” shift in public sentiment. The Pension Confidence Indicator jumped from -10 in December 2023 to +29 in December 2024 reflecting “growing optimism overall about financial futures.” But the data… Read More

January 9, 2025 @ 8:22 am By Omar Faridi  |  

Recent legislative changes mean Danish private limited companies (ApS) can now fundraise on Republic Europe, opening up investment opportunities for all. For the “first time” in history, Danish ApS companies (Anpartsselskaber) can tap into the power of community fundraising to fuel their growth. A noteworthy… Read More