Markets

Banking giant Standard Chartered has secured a regional partnership with VISA to make installment payment options readily available to credit cardholders in the APAC region. This partnership is made possible by the VISA Instalment Solution. The Visa Instalment Solution will...

The international consortium of major global banks focused on creating a new blockchain-based payment system, known as Fnality, recently managed to successfully complete its first live transactions. This represents a major achievement for the consortium, and it brings it one...

Pave Bank, a programmable money startup, recently moved out of stealth with a digital commercial banking license in Georgia, as well as a $5.2 million funding round. The bank intends to introduce a variety of services and features, including multi-currency...

Multi-asset brokerage company Tradu, the sister firm of FXCM, has selected Crossover Markets Group as its primary partner for digital asset execution. The company’s recent announcement stated that crypto on Tradu’s upcoming service will be routed to Crossover’s CROSSx electronic...

JCB, a major card issuer from Japan, recently announced that it plans to move on into Phase 2 of a pilot to trial offline P2P payments for the local central bank digital currency (CBDC). https://twitter.com/hbarTaTa/status/1734963639113720095 JCB is ready to start...

Aria, a French fintech firm, recently concluded a funding round with €15 million raised. The company intends to use the funds to expand its deferred payment infrastructure across the platform economy and B2B marketplaces. The round’s leader and largest contributor...

Jeff Parker, the former SVP and managing director of Marqeta, recently got hired as the new CEO at Paymentology, the global card issuer and processor. Paymentology is a company that covers both the issuance and processing of cards for banks,...

A Colombian B2B payments startup, Supra, recently held an investment round that was led by Citi Bank. Apart from the major bank, the round also saw participation from H20 Capital and Far Out Ventures. Citi’s support will help Supra in...

Global Futures and Options (GFO-X), a growing digital asset trading startup, recently concluded a highly successful seed round that managed to raise $30 million. The round was concluded ahead of the platform’s forthcoming launch, and it was led by M&G...

The Depository Trust and Clearing Corporation (DTCC) recently published a statement regarding the US SEC’s new Treasury regulations. According to the company, it has every intention to achieve full compliance with the amended rules. DTCC confirms its intention to comply...

Abu Dhabi Commercial Bank (ADCB) recently announced its partnership with Mastercard, one of the two leading credit card providers. As a result of the partnership, the bank will be able to introduce the region’s first Mastercard Carbon Calculator. Mastercard Carbon...

Canada recently managed to negotiate a deal with Visa and Mastercard that will be quite beneficial for the country’s smaller businesses. According to the terms, small businesses will get to enjoy lower credit card interchange fees starting next Autumn. Details...

Brad Smith, the president of Microsoft, recently entered talks with Wang Wentao, China’s Minister of Commerce, regarding potential AI opportunities. The move comes amid the European Parliament’s efforts to create regulations that would govern artificial intelligence. Microsoft is exploring AI...

The UK’s Financial Conduct Authority (FCA) recently released its consumer investment data review for a period between April 2022 and March 2023. The report shows that the financial watchdog had to issue as many as 1,716 warnings against unauthorized companies...

Tether, the company behind the world’s largest stablecoin, USDT, recently announced a new voluntary wallet-freezing policy. The policy comes as part of the company’s efforts to align its service with the United States’ sanctions policies. Tether decided to take proactive...