Business

Fed Accelerates FedNow Development for Cross-Border Payments

New consultations aim to enhance international transaction efficiency.Highlights: Federal Reserve seeks input on cross-border payment improvements.FedNow aims to facilitate faster international transactions.Consultation period opens until November 2023.The Federal...

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...
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Raisin: Announces €60 million funding

Raisin: Announces €60 million fundingRaisin has raised €60 million in a series E funding round from existing and new investors The global savings...

HeavyFinance: Closes 3 Million Euro Seed Funding Round

HeavyFinance: Closes 3 Million Euro Seed Funding RoundHeavyFinance has raised €3 million during its seed funding round, led by VC firm Practica Capital ...

SHAZAM: Chooses Iliad Solutions for Payments Testing

SHAZAM: Chooses Iliad Solutions for Payments TestingSHAZAM, a member-owned debit network, processor, and core provider for community banks and credit unions in the...

Unzer: Launches New “Upaylater” Product

Unzer: Launches New “Upaylater” ProductUnzer has launched its new BNPL a product called "upaylater," which integrates invoice and instalment payment methods It follows...

Focalpay: Raises 15m SEK in Funding for its Payment-Integrated Commerce Platform

Focalpay: Raises 15m SEK in Funding for its Payment-Integrated Commerce PlatformFocalpay, a Stockholm-based commerce platform, has secured 15M SEK in investment from Icelandic...

Coinmama: Teams up with Volt to Offer Real-Time Payments for Cryptocurrency in Europe

Coinmama: Teams up with Volt to Offer Real-Time Payments for Cryptocurrency in EuropeCoinmama has partnered with Volt to offer real-time payments for cryptocurrency...

Circle: Doubles Down on European Expansion, Applies for Regulatory Approvals in France

Circle: Doubles Down on European Expansion, Applies for Regulatory Approvals in FranceCircle has filed applications to become a licensed Electronic Money Institution and...

Mangopay: Acquires payment orchestrator WhenThen to advance marketplaces and platforms

Mangopay: Acquires payment orchestrator WhenThen to advance marketplaces and platformsMangopay acquires payment orchestration and automation platform WhenThen to strengthen its payment flow capabilities ...

Mizuho Bank: Invests in Indonesia’s Digital Finance Company Kredivo

Mizuho Bank: Invests in Indonesia's Digital Finance Company KredivoMizuho Bank has invested USD 125 million in Kredivo Holdings, a provider of digital financial...
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