March 9, 2024 @ 1:23 pm By Omar Faridi  |  

Nexo, a digital assets institution, announced that its Dubai entity, Nexo Services FZE, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for Virtual Asset Lending & Borrowing, Management & Investment, and Broker-Dealer activities. This IA positions Nexo as one… Read More

March 9, 2024 @ 12:15 pm By Omar Faridi  |  

Visa (NYSE: V) announced a 7-year agreement with Western Union (NYSE: WU). Under the new deal, Western Union customers will be “able to send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.” The agreement encompasses… Read More

March 9, 2024 @ 12:10 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and says it is focused on regulatory compliance, security and privacy, has signed a memorandum of understanding (MoU) with Altava Group, a vertical AI fashion tech company delivering innovative virtual experiences and… Read More

March 9, 2024 @ 12:07 pm By Omar Faridi  |  

The Investment Association’s (IA) Fintech hub and accelerator, IA Engine, has announced the latest firms to join its Innovator Program, as well as new global Fintech partnerships between Engine and Canada. The following five firms have been chosen to join this year’s cohort, which, during… Read More

March 9, 2024 @ 12:04 pm By Omar Faridi  |  

Klarna, a global payments provider, has announced its significant sustainability achievements from the past year. In 2023, Klarna claims it saw “a significant uptick in the use of its features that provide consumers with information about the sustainability efforts of merchants and promote conscious shopping,… Read More

March 9, 2024 @ 12:02 pm By Omar Faridi  |  

Sam Altman’s crypto-related initiative Worldcoin has reportedly been told by authorities in Spain to stop collecting and using consumers’ personal data. Spain‘s data protection regulator, AEPD, has reportedly banned Worldcoin for as many as three months in a key decision that the organization states is… Read More

March 9, 2024 @ 6:03 am By Omar Faridi  |  

Nium, the enabler of real-time cross-border payments, announced its partnership with Secret Escapes, which claims to be one of the world’s leading luxury travel and experiences companies, to deliver enhanced payment services for its global network of hotel partners. Secret Escapes partners with trusted providers… Read More

March 9, 2024 @ 3:28 am By Tony Zerucha  |  

Global human resources company Deel announced this week that it is acquiring PaySpace, a provider of payroll and human resource services. Deal terms were not disclosed. Founded 20 years ago, PaySpace provides native payroll engines in 44 countries across Africa and the Middle East. Heineken,… Read More

March 8, 2024 @ 7:14 pm By Omar Faridi  |  

HighRadius recently helped with the largest UNConference for the office of the CFO, Radiance 2024 on Feb 13th & 14th, 2024, at Globe Life Field Stadium in Dallas. The session’s key theme was the transformation of finance and finance professionals as a result of new… Read More

March 8, 2024 @ 7:00 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

March 8, 2024 @ 6:12 pm By Omar Faridi  |  

Ahrvo Labs, an identity, document, and transaction management system provider, today announced it will integrate with MX Technologies, Inc., in order to “enhance its identity and transaction management systems — and streamline onboarding processes for U.S. clients.” Financial services and payment providers “using Ahrvo for… Read More

March 8, 2024 @ 5:23 pm By Omar Faridi  |  

xpate, a frontrunner in the e-commerce payment solutions sector, announces its migration to Mambu’s cloud banking platform, marking an advancement in its service offerings across Europe. This transition signifies xpate’s commitment “to deploying a robust, scalable architecture that promptly adapts to evolving market demands and… Read More

March 8, 2024 @ 4:47 pm By JD Alois  |  

Yesterday, testifying in front of the Senate Banking Committee, Jerome Powell, Chair of the US Federal Reserve, was asked several questions about a digital dollar or Central Bank Digital Currency (CBDC). Powell first pointed to the fact that most transactions are digital today as consumers… Read More

March 8, 2024 @ 4:34 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced the commencement of Project Ensemble, a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong. The new project will seek “to explore innovative financial market infrastructure… Read More

March 8, 2024 @ 1:58 pm By Omar Faridi  |  

TrustCommerce, a Sphere company and a provider of end-to-end integrated healthcare payments and security software, announced that it is adding PayPal (NASDAQ:PYPL) and Venmo, in the U.S., to its healthcare-focused payments platform, enabling providers to offer patients additional flexibility and modern payment options. Through this… Read More

March 8, 2024 @ 1:54 pm By Omar Faridi  |  

Airbase, the procure, pay, close software to stop uncontrolled spend, announced a strategic collaboration with Sardine, the firm focused on behavior-based fraud management. This partnership underscores a shared commitment to “enhancing customer financial security against a backdrop of soaring vendor and payment fraud.” Soups Ranjan,… Read More

March 8, 2024 @ 1:51 pm By Omar Faridi  |  

PPRO, the local payments platform, has announced the appointment of three new senior leaders across legal and compliance: Selene Brett as Chief Legal, Risk and Compliance Officer, Marc Kuzak as Legal Director, and Massimiliano Conte as Compliance Director. Through these new appointments, PPRO is bolstering… Read More

March 8, 2024 @ 12:04 pm By JD Alois  |  

After several days of debate and discussion, the US House of Representatives has approved the legislation, the Expanding Access to Capital Act (HR 2799). The bill was sponsored by Representative Patrick McHenry, the Chairman of the House Financial Services Committee, an individual who has long… Read More

March 8, 2024 @ 11:27 am By Omar Faridi  |  

In a macroenvironment when data is increasingly expensive, more Americans are in need of affordable, accessible ways to safely build their credit histories, according to an update from Fintech firm Current. It’s why Current have partnered with Cross River to offer “an innovative secured charge… Read More

March 8, 2024 @ 10:33 am By JD Alois  |  

Dalmore Group, a top investment crowdfunding platform supporting the full stack of securities exemptions, has announced a new service: DalmoreSpark. Dalmore shares in an email that DalmoreSpark is a portfolio of tools for firms raising money online to help “elevate your pitch” and to enhance… Read More