Search Results for: financial services

March 18, 2025 @ 2:13 am By Omar Faridi  |  

Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently governed subsidiary of Block, Inc., headquartered in Salt… Read More

March 16, 2025 @ 6:31 pm By Omar Faridi  |  

Capco, the global management and technology consultancy, announced a collaboration with OpenAI, the maker of ChatGPT and frontier AI models such as GPT-4o, GPT-4.5, OpenAI o1 and o3 mini, to accelerate AI’s transformative impact at the world’s financial institutions. This collaboration combines OpenAI’s innovations with… Read More

March 12, 2025 @ 11:30 pm By Omar Faridi  |  

A whitepaper from Juniper Research has examined the transformative role of digitalization and mobile identity in reshaping various industries, with a particular focus on fintech and digital financial services. The report from Juniper Research noted that as global financial institutions increasingly pivot toward digital platforms,… Read More

March 10, 2025 @ 9:04 am By Omar Faridi  |  

Alchemy Pay, the fiat-crypto payment solution provider, is pleased to announce its admission to the Association for Quality Assurance of Financial Services (VQF) as a recognized Self-Regulatory Organization (SRO) in Switzerland. This regulatory milestone allows Alchemy Pay to offer compliant fiat-to-crypto and crypto-to-fiat exchange services,… Read More

March 7, 2025 @ 7:45 pm By JD Alois  |  

House Finacial Services Committee leaders have sent a letter to SEC Acting Chairman Mark Uyeda asking him to reverse harmful rules impacting crypto enacted during the Biden Administration. Chairman of the Committee French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial… Read More

March 7, 2025 @ 11:48 am By JD Alois  |  

Representative French Hill, Chairman of the House Financial Services Committee, has issued a statement on the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpile. These two vehicles were announced yesterday in an Executive Order signed by President Donald Trump in the run up… Read More

March 1, 2025 @ 1:14 pm By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) has released its Supervisory Priorities for 2025, outlining the Authority’s commitment to fostering market integrity, consumer protection, and financial stability. This document details the MFSA’s supervisory focus areas for 2025, building on its “compliance outcomes-based approach to supervision introduced… Read More

February 28, 2025 @ 1:06 pm By Omar Faridi  |  

Taktile – a decision automation platform – has reportedly raised $54 million in a Series B funding round, to continue enabling teams at fintech companies and financial institutions to optimize risk management strategies across the customer lifecycle. The investment round in the company was reportedly… Read More

February 27, 2025 @ 11:12 pm By Omar Faridi  |  

The financial landscape is undergoing a significant transformation, driven by the rise of open banking and the power of Application Programming Interfaces (APIs), according to an update from Juniper Research. A recent report from Juniper Research, titled “Open Banking APIs: Facilitating the Future of Finance,”… Read More

February 26, 2025 @ 4:46 pm By JD Alois  |  

The House Financial Services Committee, Subcommittee on Capital Markets, held a hearing today entitled, The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation. Witnesses testified on the topics, sharing real-world experience and making suggestions while answering… Read More

February 21, 2025 @ 12:14 pm By JD Alois  |  

The House Financial Services Committee has announced a series of hearings covering a litany of issues and topics. As the Committee is currently controlled by Republicans, the tendency is to be more supportive of innovation and access to opportunity – especially for retail investors and… Read More

February 13, 2025 @ 7:44 am By Tony Zerucha  |  

This week, the Independent Community Bankers of America (ICBA) told the House Financial Services Committee that the new Congress and administration present an opportunity to transform the regulatory environment for community banks to promote locally based economic growth. ICBA president and CEO Rebeca Romero Rainey… Read More

January 30, 2025 @ 9:05 pm By Omar Faridi  |  

Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler across the MENA region, has announced its expansion into the United Arab Emirates. This  follows the acquisition of a Retail Payment Services License – Category II from the Central Bank of… Read More

January 28, 2025 @ 10:22 pm By Omar Faridi  |  

Shanghai Commercial Bank (SCB) and Planto, a digital banking solution provider headquartered in Hong Kong, have joined forces in order to leverage fintech to enhance banking experiences for SMEs operating in Hong Kong. Through this collab, SCB and Planto have developed a suite of e-banking… Read More

January 24, 2025 @ 10:32 am By JD Alois  |  

Representative French Hill, Chairman of the House Financial Services Committee, and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have posted a comment following President Trump signing Executive Orders relating to digital assets and AI. Yesterday, Trump reaffirmed his commitment to supporting… Read More

January 21, 2025 @ 8:21 am By Omar Faridi  |  

The number of UK sectors reporting falling output rose to 11 in December 2024, up from eight in November, and the highest number since September 2023, according to data from the latest Lloyds UK Sector Tracker. The number of sectors with growing demand was “one… Read More

January 20, 2025 @ 3:14 pm By JD Alois  |  

While Republicans are celebrating the inauguration of Donald Trump as the 47th President of the US, at least one Democrat is ignoring the festive atmosphere in the nation’s capital to lambast the new President. Representative Maxine Waters, the ranking Democrat on the House Financial Services… Read More

January 15, 2025 @ 4:45 pm By JD Alois  |  

Representative French Hill, the new House Financial Services Committee Chairman, has announced a new entity: the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. Representative Frank Lucas (OK-03) will lead the new Task Force. Hill said the reason for the Task Force was… Read More

January 13, 2025 @ 10:35 pm By Omar Faridi  |  

HyperPay, the Saudi payments services provider (PSP) operating in the MENA region, reportedly obtained a license from the Saudi Central Bank (SAMA) in order to support the diversification and development of the financial services ecosystem in KSA. In line or consistent with its strategy to… Read More

January 13, 2025 @ 10:31 am By JD Alois  |  

The House Financial Services Committee has released leadership positions for the Committee, including Subcommittee Chairs. Following the exit of the past Chair, Patrick McHenry, Representative French Hill has taken over the leadership of the powerful Committee, which is expected to pursue legislation that supports innovation… Read More