Payments

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after a hack.The platform is working with security experts to assess the...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
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UK Government Aims to Establish Fintech as Global Leader

Strategic Initiatives to Position the UK as the Hub for Financial Technology InnovationHighlights: The UK government outlines strategic plans to enhance the fintech sector.Proposals...

BOFE Unveils National Payments Vision for Future Financial Transactions

Exploring the Strategic Model for Effective National Payment SystemsHighlights: BOFE presents a comprehensive model for national payment systemsThe vision aims to enhance the efficiency...

Lithuanian Fintech Secures First DLT License in the Baltics

A groundbreaking milestone for the region's blockchain and digital finance landscape.Highlights: Lithuania becomes the first country in the Baltics to grant a Distributed Ledger...

AI-Up Yorkshire Launches Revolutionary AI Investment Fund

Transforming the AI Landscape in Yorkshire with Innovative Funding SolutionsHighlights: AI-Up Yorkshire introduces a dedicated fund to support AI-driven startups.The initiative aims to bolster...

Starling Bank Considers NYSE Listing: What’s Next for the Fintech Giant

Exploring Starling Bank's Ambitious Plans for a New Era of Growth on the NYSEHighlights: Starling Bank is contemplating a potential listing on the New...

Rydoo Acquires Accounts Payable Automation Specialist Semine

Streamlining Financial Processes Through Strategic AcquisitionHighlights: Rydoo has acquired Semine to enhance its accounts payable automation capabilities.The acquisition aims to improve financial process efficiency...

Lloyds and Aberdeen Investments Utilize Tokenized Collateral for FX Trades

Revolutionizing Foreign Exchange Transactions with Innovative Financial TechnologyHighlights: Lloyds and Aberdeen Investments have implemented tokenized collateral to enhance the efficiency of foreign exchange trades.This...

J.P. Morgan to Charge Fintechs for Customer Data: A Major Shift in Banking Practices

Exploring the Impact of J.P. Morgan's New Policy on Fintech Partnerships and Customer Data AccessHighlights: J.P. Morgan will begin charging fintech companies for access...

Survey Indicates Significant Increase in Banks’ Cloud Adoption

Exploring the Trends and Impacts of Cloud Technologies in BankingHighlights: A recent survey reveals a noticeable uptick in cloud adoption among banks.The use of...
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