January 2025 – Page 79

Paysend Introduces Paysend Libre in Mexico to Serve Underserved Communities

In a significant effort to promote financial inclusion in Mexico, Paysend has introduced Paysend Libre, supported by Mastercard. This initiative aims to integrate the underbanked...

NayaOne, the Bank-to-Fintech Matchmaker, Secures $4.7 Million in Funding

NayaOne, a Sandbox-as-a-Service platform designed to connect financial institutions with fintech companies, has successfully raised $4.7 million in its latest funding round. The round was...

Revolut Halts Cryptocurrency Purchases for UK Business Clients

Revolut has suspended certain crypto services for business users as it adjusts to new regulations regarding financial promotions. Since October 8, 2023, businesses promoting cryptoassets...

Non-Sweeping VRPs to Launch in Phase 1 of UK Rollout Scheduled for Q3 2024

Financial regulators in the UK are set to roll out non-sweeping variable recurring payments (VRP) in a Phase 1 implementation by the third quarter of...

Communify Purchases Fincentric from S&P Global

Wealthtech entrepreneur John Wise and Stellex Capital Management have acquired S&P Global’s Fincentric business to enhance digital experiences and financial data distribution for the wealth,...

Bunq Utilizes NVIDIA AI to Combat Financial Fraud

Dutch neobank bunq recently announced a partnership with NVIDIA to tackle financial fraud utilizing accelerated computing and AI. To address the increasing demands of customers...

PayPal Utilizes Stablecoin for Invoice Payments

PayPal has recently utilized its proprietary PYUSD stablecoin for invoicing, marking a significant milestone for the company. The firm executed a payment to Ernst &...

Treasury Prime Implements Strategic Shift, Leading to Staff Layoffs

Embedded banking platform Treasury Prime has recently laid off half of its staff as part of a strategic pivot to sell directly to banks. Since...

Iosco Releases Policy Recommendations for DeFi

International securities regulator IOSCO has outlined nine policy recommendations aimed at addressing concerns related to market integrity and investor protection in the realm of decentralized...

Zepz Secures $267 Million in Funding Round

London-based money transfer company Zepz has secured $267 million in a funding round led by Accel. Leapfrog and TCV also participated in this round, while...