The pilot of the Canton Network, a pioneering initiative for interoperability in the capital markets domain, saw significant participation from leading financial institutions, including 15 asset managers, 13 banks, four custodians, and three exchanges. Among the banks were major players like BNY Mellon, Goldman Sachs,… Read More
Nium, a real-time cross-border payments firm based in the United States and Singapore, has achieved a significant milestone by becoming the first non-Japanese company to be granted a Type 1 Funds Transfer Service Provider (FTSP) license by the Japanese Financial Services Agency (JFSA). The license… Read More
The Monetary Authority of Singapore (MAS) has released its final set of regulations to enhance the oversight of Digital Payment Token (DPT) services, following up on its initial legislative amendments in July 2023. MAS said in a statement that the consulted proposals detail business conduct… Read More
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, announced that it has partnered with HDFC Bank Limited, India’s largest private-sector bank, “to enable Indian payers to seamlessly and digitally pay international education fees to higher education institutions all over the world.” The… Read More
Zaver, a Sweden-based fintech that allows merchants to accept careless payments and offers buy now, pay later (BNPL), has reportedly secured $5 million through its new funding round, which involved participation from Inbox Capital, Inventure, Fredrik Österberg, Magnus Rausing, Joen Bonnier, Fabian Hielte, and Max… Read More
UK-based international money transfer platform TransferGo has reportedly secured €5 million investment from Silicon Valley Bank. The new investment comes less than six months after TransferGo raised $10 million through its latest investment round. As previously reported, TransferGo claimed last year to be the first remittance… Read More
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