Tagged: digitalization

Equifax Launches Income Qualify to Provide Insights During Mortgage Lending Process

Equifax (NYSE: EFX) has recently announced the launch of Income Qualify, which is described as being a new product that delivers income and employment insights from The Work Number in order to mortgage lenders during the prequalification and pre-approval phase as “a value add alongside… Read More

DTCC Trading Insights : Up to 10% of Total Equity Volume Set to Be Traded During Overnight Sessions by 2028

DTCC, the market infrastructure for the global financial services industry, and Ernst & Young LLP (EY US) announced the release of their latest research findings on 24×5 trading, entitled “The Shift to 24×5 Trading: What It Means for U.S. Equity Markets.” The report details the… Read More

Canopy, Alto IRA Partner to Enhance IRA Investing in Private Deals

Alto, the self-directed IRA platform bringing private markets to individual retirement portfolios, announced a partnership with Canopy, which is an SPV management solution enabling fund managers and investors to close and manage private transactions. The collab aims to make it easier for investors to use… Read More

Brazil’s Pix Marks 5 Years Since Launch, Transforming Payments Ecosystem, Report Reveals

As it marks five years of operations, Pix has reached almost 170 million users, according to an update from Brazil’s central bank. Transactions alone totaled BRL 11 trillion in 2024, highlighting its significant impact on the South American country’s financial services landscape. In November 2020,… Read More

AI Adoption Is Not Taking Jobs, It’s Building Careers, Report Claims

Feedzai, the AI-native RiskOps platform for financial crime prevention, released “The AI Advantage: Fraud Fighters’ New Career Guide,” a new research report showing that financial services employees who embrace AI are outperforming their peers “across every measure of career success — from compensation to promotions… Read More

OpenAI, Accenture Enable Enterprise Digital Transformation with AI

Accenture (NYSE: ACN) and OpenAI announced a collaboration to help enterprise clients unlock new levels of innovation and growth by bringing agentic AI systems into the core of business. As part of the deal, Accenture will equip professionals with ChatGPT Enterprise, leveraging it in its… Read More

South Korea Card Payments Projected to Reach $1.1T by 2029, Report Reveals

The South Korean card payments market is now expected to grow at a compound annual growth rate (CAGR) of 3.7% over 2025-29 to reach KRW1,510.2 trillion ($1.1 trillion) by the year 2029, supported and enabled by high card penetration, steady payment infrastructure, and government backing… Read More

Animoca Brands Obtains In-Principle Approval from ADGM’s FSRA

Animoca Brands announced it has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial center of Abu Dhabi, the Capital of the UAE, to operate as a regulated Fund Manager. Currently subject to the fulfillment of conditions and… Read More

Mastercard Enhances Mobility with Open-Loop Transit Payments in Azerbaijan

Mastercard (NYSE: MA) says that it now stands at the center of the mobility evolution. As the technology company in transit payments, Mastercard clams that it is transforming how individuals travel — making journeys and experiences more frictionless for people throughout the world. Across the… Read More

EMVCo Focuses on How Global Specifications May Enable Agentic Payments

EMVCo – the technical body that creates and manages EMV® Specifications and programs that enable card-based payments– announced that it is working on how global specifications can support tech advancements and product development in agentic payment solutions by increasing interoperability across the ecosystem. Agentic commerce… Read More

Fintech and Payments Ecosystem Being Transformed by Stablecoins, AI Adoption : Research

Juniper Research noted in a new report that the Fintech sector is evolving fast. From stablecoins to agentic AI, their latest update examines the significant shifts that are now said to be redefining the payments landscape. Juniper Research also looks at the impact of digital… Read More

Nuvei and European Payments Initiative Introduce Wero Payments for Digital Commerce Merchants

Nuvei announced that its eCommerce merchants have started processing transactions via Wero, the digital wallet of the European Payments Initiative (EPI). Wero is designed to deliver instant, secure account-to-account payments across Europe. Earlier, Nuvei were among the payment processors to complete a Wero transaction in… Read More

Revolut Announces Integration of Polygon for Payments, Trading, Staking

Revolut, Europe’s neobank and reportedly one of the world’s fastest-growing fintech platforms, has integrated with Polygon for stablecoin transfers, payments, and trading. By November of this year, more than $690 million in volume was reportedly processed via Polygon in the Revolut app. With (reported) 65… Read More

4.7 Million UK Investors Still Holding Paper Shares : Research

Research released by Euroclear’s UK CSD, Euroclear UK & International in collaboration with Thinks Insights & Strategy indicates that around 4.7 million individuals in the United Kingdom are still holding paper share certificates. The research follows the July release of the Digitisation Taskforce’s final report,… Read More

CBMT Working Group Introduces Sandbox for Tokenized Bank Money

The Commercial Bank Money Token (CBMT) Working Group announced the launch of the CBMT Sandbox, a test environment for banks and enterprises to pilot CBMT in institutional and corporate use cases. A launch session will be held on November 19 in Frankfurt. As part of… Read More

Monetary Authority of Singapore (MAS) Issues Major Payment Institution License to BC Payments

Banking Circle S.A. is pleased to announce that its wholly owned subsidiary BC Payments Pte. Ltd. has now reportedly been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). A key milestone in Banking Circle’s expansion strategy, BC Payments  Singapore… Read More

Stablecoin and RWA Protocol R25 Launches with Polygon as EVM Blockchain Partner

R25, an RWA and stablecoin protocol, launched with Polygon as its first EVM blockchain partner to bring “institutional-grade” yield to token holders. This integration brings rcUSD+ to Polygon, a yield-bearing token supported by a portfolio of assets such as money market funds and stablecoin equivalents…. Read More

Bank of America Introduces 401k Pay to Simplify Retirement Income Management

Bank of America (NYSE: BAC) is launching 401k Pay, a solution designed to convert 401(k) account assets into a retirement income. Offered starting from November 17 to the company’s corporate plan sponsor or plan participant clients, the digital solution provides 401(k) recordkeeping, deposit options and… Read More

Tether Enables AI Solutions, Driven by Rumble–Northern Data Alliance and GPU Network

Tether, which claims to be one of the largest companies in the digital asset ecosystem, is taking a step forward to advance open, freedom-first AI and cloud services. Tether has signed an agreement to lease a share of a 20,000+ GPU network to power its… Read More

Hexaware Technologies Extends Google Cloud Collab with New Insurance Solutions

Hexaware Technologies (NSE: HEXT), an international provider of IT solutions and services, announced the launch of new insurance solutions developed exclusively for Google Cloud. The offerings strengthen Hexaware’s collaboration with Google and reflect a focus on accelerating digital transformation via automation, AI, and scalable cloud-native… Read More

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