January 2025 – Page 9

CBDCs and Private Stablecoins: A Collaborative Future

Research from the Hong Kong Monetary Authority and the BIS Innovation Hub indicates that a wholesale central bank digital currency (CBDC) could effectively interface with...

South Africa’s Stitch Ventures into In-Person Payments Through ExiPay Acquisition

South African embedded payments platform Stitch is expanding into in-person payments through its acquisition of the Dutch company ExiPay, although financial terms of the deal...

Mollie Enters the Financial Services Arena with Mollie Capital

European payments fintech, Mollie, has launched Mollie Capital to enhance SME access to finance and funding. The initiative aims to provide simpler cash access for...

LSEG Appoints Former Goldman Sachs Executive Irfan Hussain as CIO

London Stock Exchange Group has appointed Irfan Hussain, previously with Goldman Sachs, as its new chief information officer. Hussain, a veteran with 28 years of...

Wells Fargo and Derivative Path Launch Global Payments Solutions for Regional Banks

Wells Fargo has partnered with capital markets technology provider Derivative Path to enhance global payment capabilities for regional and community banks. By utilizing Wells Fargo’s...

Silicon Valley Bank Expands Its Presence in Sweden

Silicon Valley Bank (SVB) UK has announced the opening of a representative office in Stockholm as part of its continued expansion in the Nordic region,...

PayPal Enables Apple Users to Replace Passwords with Passkeys

PayPal is making a significant move away from passwords, allowing users to log into their accounts using a new industry-standard passkey. Developed by the FIDO...

Vyne Closes UK Operations for Its A2A Payments Platform

London-based Vyne is shutting down its UK operations just months after being acquired by Middle Eastern fintech Tarabut. In a statement on its website, Vyne...

Open Banking App Sync. Enters Administration

Sync., the UK open banking app founded by a former Revolut executive, has entered administration. In a statement on its website, Sync. announced that Shane...

TravelPerk Acquires Spend Management Platform Yokoy

Business travel platform TravelPerk has successfully raised $200 million and acquired Yokoy, a Swiss company specializing in AI-powered spend management. The Series E funding round...