Bank-to-Bank marketplace Capstack Technologies secures strategic investment from Citi Ventures
Capstack Technologies recently managed to secure a strategic investment from Citi Ventures. The size of the investment was not disclosed, but the move shows that Citi has developed great interest in the company’s innovative approach. Capstack brought transparency and efficiency...
NICE Actimize rolls out a new archiving and records management solution for financial services firms
NICE Actimize, a company that helps others assess the risks they face, stay compliant with regulations, and stay ahead of financial crime, recently launched a new cloud-based solution called ARCHIVE-X. This is a product designed for financial services companies, offering...
GTN and Blue Ocean Technologies team up to extend trading hours for US stocks in APAC and the Middle East
Blue Ocean Technologies and GTN recently announced a new partnership. The two firms teamed up to introduce longer trading hours for US stocks, specifically in the Middle East and Asia Pacific (APAC) markets. As a result of the partnership, US...
Revolut integrates with MetaMask, allowing users to make crypto purchases
Revolut users can now make direct crypto purchases using their existing Revolut accounts thanks to the company’s new integration with MetaMask, a leading self-custodial crypto wallet. The partnership essentially represents a new fiat-to-crypto on-ramp for MetaMask wallets, allowing users to...
JPMorgan distances itself from Visa and Mastercard thanks to the new Cartes Bancaires partnership
JP Morgan recently decided to distance itself from card and payment giants Visa and Mastercard by joining the French payments network called Cartes Bancaires (CB). The move will enable its merchant clients to process card payments without depending on Visa...
Deutsche Borse introduces crypto spot trading for institutional clients
Deutsche Borse Group recently went live with a new platform that will allow its institutional clients to engage in the spot trading of crypto assets. The platform is known as Deutsche Borse Digital Exchange (DBDX), and it brings a secure,...
Irish central bank outlines a multi-year payments strategy amid concerns that banks are missing out on instant payments
Ireland’s central bank recently presented a new multi-year payments strategy. The new strategy emerged at a time when many in the financial industry grew concerned about the banks, believing that they were failing to grasp the opportunities that instant payments...
Bitcoin hits a new record high against EUR and GBP
Bitcoin’s price finally returned to the levels it saw back in November 2021, during the height of the previous rally, when the coin reached the price of $69k. This time, the coin surged to record highs against both the EUR...
American Express customers’ data compromised as hackers hit a third-party service provider
American Express recently started sending warnings to its customers, notifying them that their account information may have been compromised in a recent hacking attack. The attack did not target American Express itself, but a third-party service provider that the company...
US court rules that trading crypto on platforms like Coinbase constitutes securities transactions
A US court recently made a decision that could have significant consequences for the crypto industry when it ruled that trading cryptos on platforms like Coinbase constitutes securities transactions. https://twitter.com/JohnReedStark/status/1764703851511181483 Crypto trading constitutes securities transactions, says US court The judgment...
Banking platform Treasury Prime lays off half of its staff
Treasury Prime, an embedded banking platform, recently decided to make a strategic pivot to sell directly to banks. As part of the move, the platform fired half of its workforce. This means that around 40 to 50 employees will be...
UK’s online pension provider PensionBee to expand into the US market
PensionBee, an online pension provider located in the UK, recently decided to expand into the massive $22.5 trillion Defined Contribution pension market of the United States. The company entered an exclusive, non-binding term sheet with a large global financial institution...
Lark Funding announces it will once again start accepting US clients
Lark Funding, a prop trading company based in Canada, recently announced that it will open its doors to US traders once again. The decision came after the company hit a brief pause in new US registrations. During this time, existing...
Paytm Business Bank to pay over $600k in fines after being charged with money laundering
Indian authorities have fined Paytm’s banking business, issuing a 55 million rupee (~$663k) penalty on money laundering charges. The fine came from India’s Financial Intelligence Unit (FIU), which said that it reviewed the Paytm Payments Bank’s business, only to find...
Volt to expand payment solutions in the UK after receiving an EMI license
The UK’s Financial Conduct Authority (FCA) recently granted an Electronic Money Institution (EMI) license to yet another company — Volt. The approval will allow the digital payments provider to improve and expand its cash management offerings. Furthermore, it will allow...