Business

New Banking License in Latvia Strengthens Market Entry Opportunities

Latvia introduces a novel banking license to attract new financial entrants.Highlights: Latvia launched a new banking license to facilitate market entries.The initiative aims to attract innovative financial institutions.This move...

US Regional Banks Build Tokenized Deposit Network to Enhance Innovation

New collaboration aims to increase efficiency and client engagement.Highlights: US regional banks initiate a tokenized deposit network.Innovation focuses...

New Banking License in Latvia Could Boost Market Entrants

Latvia introduces banking license to encourage competition in the financial sector.Highlights: Latvia's new banking license aims to increase...

Citi Forms AI-Focused Infrastructure Banking Team and Makes First Investment in Japan

Citi aims to enhance its infrastructure banking presence with AI-driven strategies.Highlights: Citi has launched an AI-focused infrastructure banking...

Citi Strengthens AI Infrastructure Banking Team with Investment in Japan

Citi aims to enhance its AI capabilities through strategic team formation and investment.Highlights: Citi forms a new AI-focused...
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Visa taps US security operations provider Expel for MDR capabilities

Visa has partnered with security operations provider Expel to enhance its clients' cybersecurity by leveraging Expel's managed detection and response (MDR) solution, aiming to...

UBS taps Broadridge for sponsored repo solution

UBS has implemented Broadridge's sponsored repo solution to digitize its sponsored repo trade flows, leveraging distributed ledger technology (DLT) and smart contracts for cost...

Tap Global sets up US expansion through Zero Hash partnership

UK-based cryptocurrency app Tap Global is partnering with Chicago-based B2B2C cryptocurrency infrastructure platform Zero Hash to enter the US market, overcoming regulatory challenges. FactsTap...

Lloyds Bank taps digital identity firm Yoti for “reusable” digital identity app

Lloyds Bank has partnered with Yoti to introduce a reusable digital identity app, Lloyds Bank Smart ID, aimed at enabling UK consumers to securely...

Mexican neobank Albo raises $40m in Series C funding round

Mexican fintech Albo secures $40 million in a Series C funding round led by Morpheus Ventures, with participation from Valar Ventures and Nazca Ventures. Facts...

Project Mariana successfully completes cross-border settlement of wholesale CBDCs

Project Mariana successfully tested cross-border settlement capabilities of wholesale central bank digital currencies (wCBDCs) across major global markets. FactsProject Mariana, initiated in November 2022,...

Central Bank of Ireland proposes minimum knowledge requirements for credit union workers

The Central Bank of Ireland is implementing minimum knowledge and competence standards for staff working at credit unions, aiming to enhance their skills and...

Coinbase receives payment licence from Monetary Authority of Singapore

Cryptocurrency exchange Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant milestone in its...

Revolut reportedly in talks with the UK’s FCA over AML failures

Financial super-app Revolut is in talks with the UK's Financial Conduct Authority (FCA) regarding alleged anti-money laundering (AML) failures. FactsRevolut is reportedly in discussions...
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