News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
-
Pi Squared Unveils VSL Devnet for Secure Digital Economy
Pi Squared has taken a significant step in AI and crypto by introducing the VSL Devnet. This sophisticated verifiable payment system and settlement layer align with Pi Squared’s goal of pioneering a new digital economy era. They consider this step vital for laying a verifiability-first foundation in decentralized computing. Being the first live Devnet, the…
-
Visa and Mastercard Fees Breach EU Law, Rules UK Tribunal
Recently, the UK’s Competition Appeal Tribunal (CAT) declared Visa and Mastercard‘s multilateral interchange fees (MIFs) violate European competition law. This groundbreaking verdict from June 2025 shines a spotlight on the ongoing scrutiny of payment processing fees. This pivotal verdict intensifies the legal and regulatory focus on the payment processing industry. Notably, it puts the spotlight…
-
Axiom Exchange Hits $1.5m Daily Revenue on Solana Blockchain
In the rapidly evolving world of cryptocurrency, Axiom Exchange continues to make significant strides. The platform recently hit a remarkable milestone, generating an impressive $1.5 million in daily revenue. This noteworthy achievement underscores Axiom Exchange’s steady growth in the competitive DeFi trading landscape. Axiom Exchange’s platform is built on the Solana blockchain, an open-source project…
-
Starling Bank Eyes US Market with Potential Acquisition
Starling Bank, a leading UK digital bank, may expand beyond its domestic market. A possible US-based lender acquisition could be a significant growth milestone. Starling Bank, a key player in the UK’s digital banking sector, offers competitive services. They now seem to eye the vast US market, a move that could boost their global presence…
-
Alibaba and Balance Team Up to Boost US SMEs
Small and medium-sized enterprises (SMEs) in the US stand to gain from a fresh collaboration between Alibaba.com and Balance. This alliance introduces an instant credit option at checkout for these businesses. It’s a strategy designed to streamline transactions for SMEs, notably those engaged in international trade. By providing instant credit, Alibaba.com and Balance address the…
-
TBC Bank Group PLC Aims to Acquire Uzbek SaaS Firm BILLZ
TBC Bank Group PLC, a leading player on the London Stock Exchange, plans to acquire a majority stake in BILLZ. This move aims to strengthen its position in Central Asia’s digital financial market, specifically in the retail management software-as-a-service (SaaS) platform in Uzbekistan. The transaction underscores the bank’s intent to broaden its influence among small…
-
YouHodler Executives Shed Light on Crypto Market Trends
Executives from the crypto platform YouHodler have shared their insights into the recent movements in cryptocurrency prices. Their analysis suggests that both industry-specific and geopolitical factors have had a significant impact on the digital asset market. One key influence noted by the executives is the recent rise in tensions across the Middle East. The geopolitical…
-
Philippines Ramps Up Fight Against Abusive Online Lenders
The Philippine government is stepping up to combat abusive online lending platforms. This action is a response to over 13,000 complaints from borrowers who have suffered harassment, threats, and privacy violations. The Presidential Anti-Organized Crime Commission (PAOCC) is spearheading this nationwide campaign, in collaboration with the Securities and Exchange Commission. The upsurge in complaints coincides…
-
Fundraising News of Sunday 29 June
In a remarkable funding milestone, Danish InsurTech startup Leaf has secured €1.7 million to revolutionize insurance and pension solutions for SMEs, backed by Caesar Ventures and EIFO. Meanwhile, risk intelligence leader Supply Wisdom has raised $14 million and welcomed Jenna Wells as its new CEO, marking a new era of growth and innovation. Grifin, the…
-
CaixaBank Makes First Triple-Tranche Debt Issuance in USD
CaixaBank has accomplished its first triple-tranche debt issuance in U.S. dollars, marking its fourth foray into the U.S. capital markets. This European banking platform’s endeavour signifies an impressive milestone in its financial journey. Notably, the first tranche consisted of an 11-year senior non-preferred bond, amounting to USD 1 billion. This bond carries an early redemption…
-
Payabl and ClearBank Team Up to Boost UK Payment Services
Payabl., a European fintech provider, has joined forces with ClearBank, a real-time clearing and embedded banking enabler. This collaboration aims to fortify security for businesses and create a more efficient and reliable payments platform in the UK. Thanks to this partnership, payabl. now offers “seamless access to all major UK payment schemes” for businesses. This…
-
Schroders Pension Scheme Invests £48m in Climate+ LTAF
The Defined Contribution (DC) section of Schroders Retirement Benefits Scheme (SRBS) is making significant moves in the investment world. The scheme has allocated £48m, equivalent to 20% of the default growth fund, to the Schroders Capital Climate+ LTAF. This bold move serves two main purposes. Firstly, it aims to provide more diversification benefits. Secondly, it…
-
BNP Paribas Set to Expand with HSBC Europe Acquisition
BNP Paribas, a global custodian, recently announced plans to expand its Securities Services business. The growth strategy involves acquiring the custody and depositary bank business of HSBC Continental Europe S.A., Germany. This move, which is subject to regulatory approval, is part of BNP Paribas’s larger growth strategy in the securities services sector. Currently, BNP Paribas’s…
-
Kraken Gains MiCA Licence Boosting EU Expansion Plans
Kraken is making notable progress in its European expansion. This progress is clearly seen as the Central Bank of Ireland has awarded it a MiCA licence. This development is a key milestone in Kraken’s journey to establish a solid presence in the EU. The MiCA licence, which stands for Markets in Crypto Assets, is an…
-
Embedded Insurance Shift: How Traditional Insurers Can Adapt
The insurance industry is witnessing unprecedented evolution. A notable trend is embedded insurance, an innovative approach that integrates insurance directly into the purchase of goods or services. This revolutionizes the interaction between consumers and insurers. Consequently, the adaptation of traditional insurers becomes crucial to meet consumer demands and the rise of embedded insurance. Companies like…
-
US Retail Workers See On-Demand Pay as Inflation Solution
A recent study conducted by Talker Research reveals that high inflation is causing retail workers in the United States to struggle with timely bill payments. Commissioned by DailyPay, the research indicates that many retail workers believe an on-demand pay solution could significantly improve their financial situation. On-demand pay is a flexible payment model that allows…
-
German Firms Eye Digital Transformation and India Investment
Amidst ongoing geopolitical uncertainties, German companies reportedly shift their strategies. They now focus on digital transformation and diversification. This drive for innovation and diversified investment comes to light in two recent studies by KPMG. These studies, carried out with key industry partners, depict how German firms navigate the evolving global business landscape. By adopting digital…
-
Wealthfront Prepares for IPO and Welcomes New Board Member
In the rapidly evolving financial tech landscape, Wealthfront Corporation, a prominent player in the robo-advisor industry, has demonstrated its strategic evolution and readiness to compete. The fintech firm recently announced two significant developments. Firstly, they’ve welcomed Michelle Wilson, a seasoned legal executive, to their board. Secondly, they’ve confidentially submitted their draft registration statement to the…
-
Equal Parts Insurance Acquires Fintech Firm Assurely
In a significant development, Assurely, an insurance provider for crowdfunding, has been bought by Equal Parts Insurance. This assurely fintech acquisition marks a crucial moment for both firms. Their goal? To bolster their standing in the rapidly changing insurtech landscape. Assurely, co-founded by CEO David Carpentier and Chief Insurance Officer, Ty Sagalow, boasts a rich…
-
Mastercard Tackles Fraud and Champions Cryptocurrency Adoption
In a daring initiative, Mastercard (NYSE: MA) has pledged to address contemporary financial challenges. Specifically, the firm is honing in on mitigating first-party fraud and promoting Mastercard cryptocurrency adoption. These steps reaffirm the company’s commitment to innovation, security, and bridging the divide between traditional finance and the digital economy. First-party fraud is a prevalent issue…