BNZ Purchases Open Banking Fintech BlinkPay
Bank of New Zealand (BNZ) has acquired Māori open banking fintech BlinkPay, which was established in 2015 and connects with local banks to offer a...
RBI Promotes Fintech Self-Regulation Through New Framework
The Reserve Bank of India (RBI) has finalized its Framework for Recognizing Self-Regulatory Organisations for the Fintech Sector (SRO-FT) following the collection of feedback on...
Stripe cites regulatory challenges as reason for shift to invite-only model in India
Payments giant Stripe is transitioning to an invite-only model for new clients in India as it develops the necessary infrastructure to navigate an evolving regulatory...
Coinbase Contributes $25 Million to Cryptocurrency Super PAC
Coinbase has recently joined Ripple in donating $25 million to Fairshake, a federal super political action committee (PAC) supporting pro-crypto candidates in the upcoming 2024...
Ethos Collaborates with Thought Machine for Shariah-Compliant Banking Solutions
A new digital financial services provider, Ethos, has launched in the UK to offer Shariah-compliant services for Muslims. Ethos is utilizing cloud-based core banking technology...
Eurex Clearing Concludes DLT-Based Cash Settlement Trials in Collaboration with Banque de France
Eurex Clearing has successfully tested the settlement of cash over a distributed ledger operated by the Banque de France. These tests are part of the...
Americans Suffered $5.6 Billion in Crypto-Related Fraud in 2023
Americans lost over $5.6 billion to cryptocurrency-related fraud scams in 2023, marking a 45% increase from the previous year, according to the FBI. Although the...
OCBC Introduces P2P Pay-to-Wallet Service for International Remittances
OCBC has become the first mobile banking app in the Asia Pacific to utilize Visa Direct, allowing customers to send near-instant peer-to-peer transfers to Weixin...
UK Fintech Investment Plummets 37% in First Half of 2024
The decline in fintech investment continues into the first half of 2024, but signs suggest it may be stabilizing, according to new data from Innovate...
Equals Money and Zūm Rails Enter the BaaS Space
Equals Money, a provider of payment solutions for corporate expenses, has introduced a Banking-as-a-Service (BaaS) product that enables businesses to offer their own digital payment...