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World Banking Giants Join Project Agora to Reengineer Cross Border Payments
18.9.2024
Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border...
Fintech Giant Revolut Said to Be Planning Stablecoin
18.9.2024
Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan
Hong Kong prepares AI guidelines for finance sector
17.9.2024
Hong Kong’s government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week
Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
14.9.2024
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024
Chinese gov’t mulls anti-money laundering law to ‘monitor’ new fintech
14.9.2024
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024
CFTC Teams up With SEC to Fight Cryptocurrency Scams
14.9.2024
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers...
Lengthy Licensing Stumps Kenyan Fintech Startups
13.9.2024
Fintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with...
Latam’s Fintech Giant Nubank Ends Nucoin Trading
12.9.2024
Nubank, one of the biggest neobanks in Latan, announced on Tuesday that it would terminate the trading of its nucoin cryptocurrency as it turns to use it as part of an internal rewards and benefits program for its clients. Users will have the choice of exchanging it for bitcoin or stablecoins...
Ramp Network Expands Crypto Services to All 50 US States
10.9.2024
Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more states, making it easier for users to buy and sell...
Accenture invests in Emtech to strengthen CBDC, fintech solutions
10.9.2024
The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...
Qatar Unveils 2024 Digital Assets Framework
2.9.2024
Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital...
India’s HDFC Bank Launches New UPI and CBDC Features
2.9.2024
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed...
Physics for fintech: How quantum AI can make humans better crypto traders
31.8.2024
Scientists are using quantum algorithms to uncover new insights into how our brains learn and apply information
Physics for fintech: How quantum AI can make humans better crypto traders
31.8.2024
Scientists are using quantum algorithms to uncover new insights into how our brains learn and apply information
Ex-Square, Coinbase execs raise $58M for Bridge stablecoin network
30.8.2024
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
30.8.2024
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also...
Finder’s Experts Forecast Potential Surge in XRP Price
28.8.2024
Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.49 by 2030, driven...
Egyptian Fintech Firm Secures $3 Million to Grow Its Credit Services
26.8.2024
Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it achieve sustainable profitability. Lucky aims to provide...
Mercado Libre launches USD-pegged Meli Dollar stablecoin in Brazil
22.8.2024
The new stablecoin will provide Mercado Libre customers a new option for managing their finances in Brazil’s volatile economy