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.
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Sumsub’s New Tool Boosts Security and Compliance in Regtech
As a leading European Regtech firm, Sumsub has launched an innovative Bank Account Verification solution. This new tool, designed to boost security during customer onboarding, also ensures compliance across European markets. With this groundbreaking development, Sumsub strengthens its position in the burgeoning Regtech sector. Sumsub’s solution instantly verifies customer account ownership. Moreover, it provides a…
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FTX’s Creditor Payouts Begin: A Key Milestone in Crypto Industry
After an arduous 2.5-year wait, FTX‘s creditors are finally seeing light at the end of the tunnel. The landmark creditor distribution process has begun, marking a significant milestone in the crypto industry: FTX’s C. The exchange’s collapse created a tumultuous event, but the path to restitution is beginning to clear with the initiation of the…
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Raisin’s Welcome Account: A New Era in European Fintech
Raisin, a European fintech firm, is actively preparing to compete with traditional banks. Notably, the company has introduced its own savings product, the ‘Welcome Account’, in Spain. This move symbolises a significant shift in direction. For instance, Raisin is actively evolving from being a simple comparison site to a comprehensive financial services provider. Established in…
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Grayscale’s Game-Changing Covered Call Fund on Bitcoin ETFs
In a landmark move, Grayscale has announced a new product. Specifically, it’s a covered call fund on Bitcoin ETFs (BTCC). This initiative offers a unique investment strategy that could potentially enhance returns on cryptocurrency investments. The strategy behind a covered call involves two steps. Initially, you hold a long position in an asset. Then, however,…
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Euroclear’s Strides Towards an Innovative, Sustainable Future in Fintech
Euroclear, a post-trade services leader, is reshaping financial markets. Despite pandemic challenges, for example, their 2025 financial performance remained steady. This, however, bolsters their status as a trusted financial market infrastructure (FMI). Their commitment to sustainability, strategic partnerships, and advancements in settlement systems pave the way for an innovative, sustainable future in fintech. Moreover, sustainability…
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Resilience of Global Equity Markets Amid Economic Uncertainties: May 2025 Report
Despite economic uncertainties, global equity markets showed resilience last month. This is according to May 2025’s Global Markets Snapshot by PitchBook. Even though volatility was present, markets overall remained optimistic. However, indices like the S&P 500 and Nasdaq faced challenges. Remarkably, many global equity markets thrived. For instance, the Japanese Nikkei 225 and the German…
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Industry Groups Endorse GENIUS Act for Stablecoin Regulation in the US
Recently, four prominent industry groups have come forward to endorse the Guiding and Establishing National Innovation for US Stablecoins Act of 2025, or the GENIUS Act. These groups, namely, The Blockchain Association, Crypto Council for Innovation, DeFi Education Fund, and The Digital Chamber, have issued a joint statement in support of this regulatory framework. Essentially,…
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Quantum Computing: The Looming Threat to Bitcoin’s Security
Quantum computing could indeed pose a significant threat to Bitcoin (BTC). Recently, this topic was discussed by key industry professionals. Fred Krueger, a well-known figure in the crypto sector, revealed the main points of the debate. As Krueger rightly points out, quantum computing is a real threat to the security of Bitcoin’s codes. Consequently, many…
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Chainlink Oracle Mishap: A Wake-Up Call for DeFi Security?
On May 29, 2025, a significant event implicated Chainlink’s oracle system. Over $500,000 in user funds were liquidated on the Avalanche-based Euler market. This incident sparked a hot debate in the decentralized finance (DeFi) community. Moreover, it centered on the security and reliability of oracle systems. Furthermore, it led some investors to question the overall…
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Trulioo and Trust Payments: A Strategic Partnership Reshaping Payment Technology
In a significant move, Trulioo announced a strategic partnership with Trust Payments. This partnership could potentially reshape payment technology in Europe. Trulioo, for example, is a leading identity platform for person and business verification. On the other hand, Trust Payments is one of Europe’s fastest-growing payment technology providers. Moreover, Trust Payments will adopt a suite…
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U.S. Bank’s Game-Changing Approach to Payment Processing
In our era of constant innovation, banks and payment processors actively seek new solutions. Their goal is to attract and retain merchants. A rising trend here is the offering of bundled services. U.S. Bank leads this movement. They recently announced a unique bundled service. This includes mobile card readers and guaranteed same-day funding. The CEO…
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Challenging Wall Street: The Power of Crowdfunding Investments
Traditionally, the path to financial wealth has predominantly been through the stock market. However, Paul Lovejoy, the founder of Stakeholder Enterprise, is intent on changing this norm. Specifically, he has initiated an innovative project known as the “Leap Year Portfolio.” The primary objective of this project, interestingly, is to demonstrate that crowdfunding investments can be…
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British Business Bank Surpasses £5 Billion in Lending: Impact on SMEs
Recently, the British Business Bank has made a significant stride, surpassing £5 billion in lending. This achievement was not a standalone feat, but the result of its two major guarantee programmes, ENABLE Guarantees and ENABLE Build. This momentous milestone highlights the bank’s crucial role in backing small and medium-sized enterprises (SMEs), and it is a…
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Exploring the New Era of Tokenized Financial Products
Undeniably, the fintech world is abuzz with the latest advancements in tokenization. Black Manta Capital Partners and SBI Digital Markets are leading the charge with their launch of US Money (USMO), a tokenized note. This note, now available for subscription on 21X, is based on the UBS (Irl) USD Sustainable Money Market Fund. Notably, 21X…
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IMF Insights: Rising Global Debt, Bond Market Risks, and AI’s Energy Demands
Recent developments in the global economic sphere are indeed intriguing. For example, the International Monetary Fund (IMF) has highlighted several pressing issues. These include the rising global debt and potential vulnerabilities in government bond markets. Moreover, they pointed out the high energy demands of burgeoning artificial intelligence technologies. The IMF states that public debt is…
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Key Insights from Brightflag’s AI-Powered Legal Management Benchmarking Report
The fintech and legaltech sectors are currently experiencing a revolution. Brightflag is at the forefront of this change with its AI-powered enterprise legal management (ELM) platform. Trusted by global corporate legal departments, Brightflag recently launched a new benchmarking report focusing on outside counsel management. Moreover, this report offers ai-powered legal management benchmarking insights. This report,…
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ADGM and AIFC Partner to Strengthen Data Protection in Fintech Sector
In a significant development, Abu Dhabi Global Market (ADGM) has entered into a data protection partnership with Astana International Financial Centre (AIFC). This partnership is particularly within the fintech sector. Moreover, its purpose is to bolster privacy laws and data protection, which is an essential aspect in today’s digital financial ecosystem. As part of this…
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Understanding EOFY Tax Fears: Insights from the Xero Tax Confidence Index
In today’s interconnected world, finance and technology have become inextricably intertwined. However, understanding tax rules and regulations remains a daunting challenge. For a significant number of Australians, the end of the financial year (EOFY) brings not only uncertainty but also a palpable fear of making tax return mistakes. A recent Xero study confirms this, revealing…
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Schroders Capital Raises $600M for Global Innovation Fund: A Success Story
Recently, Schroders Capital announced a significant success story. They managed to raise over $600 million for the Schroders Capital Private Equity Global Innovation XI Fund. However, it’s not just about the funds raised; this news also underscores their growing influence in the venture capital and private equity sphere. The fundraising initiative, impressively, attracted a varied…
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Sumsub’s Innovative Bank Account Verification Transforming the RegTech Industry
Amplifying the fintech sector’s regulatory technology or regtech, Sumsub revealed its pioneering Bank Account Verification solution. This groundbreaking tool verifies account ownership, provides details on outstanding balance, and fetches a comprehensive transaction history. The objective behind this is to provide businesses with insights and tools that enable them to deter account takeover and payment fraud,…