November 19, 2023 @ 4:04 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season “across both card-present (CP) and card-not-present (CNP) transactions.” The new report identifies popular fraud tactics “expected between November 2023 and January 2024 due to the rapid… Read More

November 19, 2023 @ 3:44 pm By Omar Faridi  |  

Animoca Brands, Amazon Web Services (AWS), and Polygon Labs announced MoonRealm Express Accelerator, a strategic collaboration to support Web3 builders around the world and accelerate the development of Web3 products and solutions through Animoca Brands’ flagship project Mocaverse. MoonRealm Express Accelerator is “an accelerator program… Read More

November 19, 2023 @ 3:39 pm By Michael Wong  |  

Australia and the Philippines have agreed to cooperate in promoting trade and investment within the financial technology (fintech) sector, marking a major step towards enhancing the technological collaboration between the two nations. The memorandum of understanding that formalises the partnership was signed by FinTech Alliance.ph… Read More

November 19, 2023 @ 3:21 pm By Omar Faridi  |  

Research released by Tink, the firm focused on open banking, uncovers that investment pots have proved to be a financial ‘safety net’ for armchair investors during challenging economic times. This suggests a shift in investing behaviors “from long-term ‘set and forget’ portfolios, to needing instant… Read More

November 19, 2023 @ 2:58 pm By Michael Wong  |  

India has trained over 3,000 personnel from various cybercrime and police departments to bolster their capabilities in tackling cryptocurrency-related crimes. According to the Ministry of Home Affairs (MHA)’s annual report, India provided specialized training in cryptocurrency forensics and investigations during the financial year 2022-2023. A… Read More

November 19, 2023 @ 2:45 pm By Omar Faridi  |  

Bordier & Cie (Singapore) is Sygnum Singapore’s first B2B client since the latter received its MAS Major Payment Institutions license in October 2023 and launched its regulated Digital Payment Token (DPT) brokerage service. Globally, Sygnum has enabled “the 15+ banks and international financial institutions on… Read More

November 19, 2023 @ 2:43 pm By Michael Wong  |  

Jordan Ahli Bank, a Jordanian financial institution with over six decades of banking experience, has announced its full compliance with the country’s Open Banking and Open Finance regulations. The bank said it has partnered with Open Banking and financial innovation firm Fintech Galaxy to boost… Read More

November 19, 2023 @ 2:15 pm By Omar Faridi  |  

Foodics, the restaurant management and payment solutions in MENA, announced its collaboration with Suplyd in Egypt, the digital supply chain management and procurement platform. This partnership offers a comprehensive supply chain management solution to restaurants in Egypt, making it easier “for restaurant owners to manage… Read More

November 19, 2023 @ 2:09 pm By Michael Wong  |  

Ant International, Grab, and StraitsX have announced a collaborative effort to explore the potential application of Purpose Bound Money (PBM) in cross-border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be used and first introduced by MAS… Read More

November 19, 2023 @ 12:57 pm By Omar Faridi  |  

At the XI Congress of Financiers of Kazakhstan, a new central bank digital currency (CBDC)-linked debit card – the Digital Tenge Card – was presented. As a part of the 30th anniversary celebration of the national currency, the first payment transaction was “made at the… Read More

November 19, 2023 @ 11:18 am By Tony Zerucha  |  

The American Fintech Council (AFC), the industry association representing responsible fintech companies and innovative banks and credit unions, has announced a strategic partnership with Alloy Labs, a consortium of community and mid-size banks that drive innovation, develop best practices and build benchmarks and tools for… Read More

November 19, 2023 @ 9:46 am By Tony Zerucha  |  

Dwayne Johnson and Acorns, a saving and investing app, have announced the launch of the Mighty Oak Debit Card. The heavy metal tungsten debit card, exclusive to Acorns, was constructed to address overspending and under-saving. With Real-Time Round-Ups, customers invest their spare change from each… Read More

November 19, 2023 @ 9:29 am By Omar Faridi  |  

X-Change Financial Access (XFA), a division of Marex and an execution broker for exchange-traded derivatives, and Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced a partnership to automate quoting for flexible exchange options (FLEX options). Called FLEX-FA, the new platform… Read More

November 19, 2023 @ 5:24 am By Omar Faridi  |  

Maybank announces that all transactions from Maybank2u Biz app and web platforms will require Secure2u authorisation. All Maybank2u Biz account holders are “recommended to activate the Secure2u authorization before 26 November 2023. Any activation of Secure2u for Maybank2u Biz app after 26 November 2023 will require a… Read More

November 18, 2023 @ 5:52 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have jointly introduced a real-time payment systems linkage connecting Singapore’s PayNow and Malaysia’s DuitNow. This initiative builds upon the earlier QR payment linkage announced on March 31, 2023, facilitating cross-border QR payments to merchants…. Read More

November 18, 2023 @ 5:48 pm By Omar Faridi  |  

Grasshopper, the client-first digital bank built for the business and innovation economy, today announced its partnership with Capchase, a provider of non-dilutive financing solutions for Software-as-a-Service (SaaS) companies, “to provide revenue-based financing for enterprise SaaS startups through the bank’s partnership ecosystem, exclusively available to Accelerator… Read More

November 18, 2023 @ 5:46 pm By Michael Wong  |  

BC Technology Group, the digital asset and fintech-focused parent of digital asset platform OSL, has announced raising approximately HK$710 million from crypto group BGX. The deal, which still requires the approval of BC Group’s shareholders, will give BGX a 30% stake in the company. OSL… Read More

November 18, 2023 @ 5:41 pm By Omar Faridi  |  

Unchained announced that Bakkt (NYSE: BKKT) has agreed to join its network of collaborative custody partners. Bakkt joins Coincover and Kingdom Trust “as members of the network, providing Unchained’s collaborative custody offering with the greatest breadth in the industry, giving clients the most security and… Read More

November 18, 2023 @ 4:03 pm By Omar Faridi  |  

More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey. The survey – now in its third consecutive year – “queried 345 investors and analysts across geographies, assets classes, and investment approaches… Read More

November 18, 2023 @ 12:39 pm By Michael Wong  |  

Silverflow, a could-based payments processing startup, announced raising €15 million ($16.4 million) in a funding round anchored by industry veterans and payments experts at Global Paytech Ventures. The round was also backed by Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors, with… Read More