Tagged: digitalization

IOSCO Report Provides Guidance for Securities Regulators and Neo-Brokers

IOSCO has released its final report on neo-brokers. As explained in the update, neo-brokers are described as a subset of broker-dealers that offer services via a business model characterized by the use of seamless client interfaces, leverage of social media platforms, and the provision of online… Read More

Episode Six, Fireblocks Partner to Enable Unified Payments Solution

Episode Six and Fireblocks announced the co-development of a unified payments solution. The payments solution integrates traditional and digital finance, bringing together fiat, stablecoins, loyalty points, and other digital assets onto a single, programmable platform—allowing FIs to effectively operate across asset classes. The collab combines… Read More

Fintech Professional Predicts Blockchain Wallets Disrupting Existing Financial Services Platforms

Mike Cagney, the executive board chairperson and the co-founder of Figure (NASDAQ:FIGR), has said that blockchain wallets are going to completely disrupt how existing financial services actually work. Cagney also mentioned that today, we have an account at a firm like SoFi. They offer clients… Read More

United Fintech Announces Acquisition of Trade Ledger

United Fintech, the digital transformation group for financial institutions, has acquired Trade Ledger, the tech firm behind an AI-enhanced solution that automates commercial and business lending. Trade Ledger brings to United Fintech a user-base that reportedly includes Barclays and Bank of Queensland, along with expertise in… Read More

Concordium and Bitcoin.com Introduce Identity-Anchored, Verified Payments for Digital Wallets

Bitcoin.com and Concordium have joined forces to bring age-verification, and identity-anchored payments to users globally. Concordium’s identity-first blockchain – as well as its token, CCD, and suite of stablecoins – will become accessible to Bitcoin.com’s ecosystem, which includes networks like Ethereum, Polygon, and BNB Smart Chain…. Read More

Visa and Transcard to Provide Embedded Working Capital Solutions in Freight and Logistics

Visa (NYSE: V) and Transcard announced the launch of an embedded finance platform, intended to support payments and working capital solutions in the freight and logistics sector. As a part of their effort, Visa and Transcard are working on agentic initiatives for the B2B segment…. Read More

Fintech Marqeta Enables Expansion of Klarna Debit Card Across European Markets

Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, announced it is working with Klarna (NYSE:KLAR), the digital bank and flexible payments provider, to expand the Klarna Card into 15 new European markets. This launch extends Marqeta’s partnership with Klarna and leverages Visa’s Flexible Credential… Read More

Clearstream Introduces Tokenized Securities Platform, Leveraging DLT

Clearstream, a provider of post-trade services and part of Deutsche Börse Group, has launched a tokenized securities platform: D7 DLT. With D7 DLT, Clearstream facilitates the issuance and management of securities, based on distributed-ledger technology (DLT) and compliant with the central securities depository regulation (CSDR)…. Read More

AI Is Transforming Accounts Receivable (AR) with Enterprises Reporting Faster Payments : Research

Billtrust, the enabler of B2B accounts receivable workflow and payment software, announced the results of a Wakefield Research study showing that artificial intelligence is a must-have for accounts receivable teams. As AI becomes embedded in AR workflows, it enables companies to accelerate payments, “unlock liquidity,… Read More

Generative AI Is Improving How Credit Risk Is Being Assessed : Research

Generative artificial intelligence is now said to be reshaping the financial sector, emerging as a sophisticated tool in transforming how credit risk is being assessed. This, according to a report from OliverWyman which also noted that by moving further beyond traditional linear models, generative AI… Read More

Hong Kong : HKMA and HKSTP to Support Bank–Fintech Collaboration via New Initiative

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Science and Technology Parks Corporation (HKSTP), announced the launch of the IADS Developer Hackathon and held the Kick-off Ceremony, marking the beginning of a journey to foster tech breakthroughs and advancements for the… Read More

Ant International Launches AI SHIELD to Improve Financial AI Security

Ant International, a global digital payment, digitisation, and financial technology provider, today officially launched AI SHIELD to protect AI systems from threats and vulnerabilities, a toolkit to “help AI-powered financial services stay secure and compliant as AI transforms global finance.” Ensuring security is at the… Read More

Mastercard Supports Fintech Ecosystem with Initiative for Startups and Global Expansion Tools

In a strategic push to foster Fintech ecosystem advancements and streamline international growth, Mastercard (NYSE: MA) has announced two pivotal initiatives. The first welcomes a cohort of 11 early-stage companies into its Start Path Emerging Fintech program, while the second launches the Global Reach Partner… Read More

EU Finance Ministers Chart Path for Digital Euro but Launch Likely Remains Years Away

The European Union’s finance ministers have taken a significant step toward the potential introduction of a digital euro, outlining a roadmap to guide its development. However, despite this progress, the actual issuance of a central bank digital currency (CBDC) by the European Central Bank (ECB)… Read More

Cybersecurity Firm Kaspersky Announces AI and Digital Transformation focused Updates

In an environment where digital transformation also accelerates vulnerabilities, Kaspersky continues to focus on cybersecurity initiatives. This month, the global firm unveiled significant updates across its product suite, a specialized training program, and alarming research on AI-enhanced threats. These developments underscore Kaspersky’s commitment to proactive… Read More

A2A Payments Emerging as Alternative to Card Dominated Ecosystem, Report Reveals

Account-to-Account (A2A) payments have emerged as a significant breakthrough, aiming for a shift away from the card-dominated ecosystem toward seamless, direct bank transfers. Yet, as highlighted in Juniper Research‘s whitepaper, Ascending-to-Ailing: The Deceleration of A2A Adoption, this seemingly promising trajectory is now appears to be… Read More

Mid-Size US Banking Institutions on Front Lines of Rising Financial Crime : Quantexa

In an era where financial crime threatens the stability of local economies, Quantexa, a key player focused on Decision Intelligence solutions, is stepping up with targeted tech advancements and strategic hires. Recent announcements from Quantexa highlight the vulnerabilities of U.S. mid-size and community banks, introduce… Read More

Sei Network to Scale with Elliptic’s Blockchain Risk Intelligence

Sei Network has announced a strategic partnership with Elliptic to bolster its compliance and risk management capabilities. This integration of Elliptic’s advanced blockchain risk intelligence platform marks a significant step forward for Sei, enabling the network to scale its high-performance trading infrastructure without sacrificing trust… Read More

Wealthtech Addepar Explains Why Upgrading Legacy Systems Can Give Firms a Strategic Edge

In wealth management, where client expectations are becoming more demanding and market volatility is the norm, saving time has understandably become a priority. Financial firms, particularly in regions like EMEA, are under pressure to deliver personalized, real-time insights while navigating complex portfolios that span liquid… Read More

Anchorage Digital Announces Support for New Crypto-Assets to Broaden Custody Offering for Institutions

Several years ago, Anchorage Digital achieved a key milestone as the first cryptocurrency institution to secure a digital asset trust charter from the Office of the Comptroller of the Currency (OCC). Nathan McCauley, the Cofounder and CEO at Anchorage Digital, recently reflected on this milestone,… Read More

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