Coinbase, the most popular cryptocurrency trading platform will cut about 1,100 jobs. the company said it was shaving off 18% of its workforce as it prepares to ride out a downturn in the crypto sphere. Cryptocurrency is in freefall with the market value of the digital assets falling below $1 trillion on Monday as investors dumped risky
Allica Bank – the FinTech challenger bank that seeks to empower Britain’s small and medium-sized businesses – has today announced it has secured £55 million in additional funding as it continues to make significant gains in the SME banking market. The latest funding builds on Allica’s successful £110 million Series B funding round in November 2021 –
CaixaBank and Microsoft have signed a strategic joint innovation agreement intended to promote the application of Artificial Intelligence (AI) to new financial solutions, as well as to create new and innovative work environments in the metaverse. The agreement will see the two companies start up an AI Innovation Lab, with particular involvement from CaixaBank Tech – the tech
MoneyGram, a global leader in the evolution of digital P2P payments, and the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred globally, today announced the initial roll-out of a first-of-its-kind global on/off-ramp service for digital wallets to
Coinme, a leading cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), today announced at Consensus 2022 a strategic collaboration to integrate USDC into Coinme’s global cash onramp and offramp ecosystem. The integration promotes financial inclusion by enabling borderless digital cash to be accessible across
Alkami Technology, Inc., a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced a partnership with Array, a leading financial innovation platform. As part of the partnership, Alkami will offer Array products to Alkami’s client base including My Credit Manager, ID Protect and Offers Engine. “Improving the digital-first
Trust Payments, the disruptive leader in fintech specializing in frictionless payments and value-added services, announced today at Money20/20 Europe a multi-year partnership with Feedzai, the world’s first RiskOps platform for financial risk management. Using Feedzai, a key market leader in safeguarding global commerce, Trust Payments’ customers will benefit from an advanced cloud-based risk management platform,
Stripe has signed up Wise as the first user of a new biometric delegated authentication feature for strong customer authentication (SCA) transactions. The new SCA rules mean that online transactions in Europe over a set amount are subject to two-factor authentication checks. While there is evidence that the new regime is already cutting fraud, Visa
ClearBank, the cloud-based clearing bank, today announced that it is providing agency banking services to UK-based money app Ziglu. ClearBank’s technological infrastructure, regulated payment rails, and treasury management service have bolstered Ziglu’s banking and investment offerings, enabling Ziglu to offer virtual GBP accounts to its customers. ClearBank powers Ziglu’s real-time processing and reporting for its
Triterras Inc, a FinTech company focused on trade finance, and Unqork, a no-code enterprise application platform, announced they have entered a partnership to further digitize global trade finance. Unqork will be used to enhance the end-to-end trading lifecycle of Triterras’ Kratos platform, one of the largest trading and trade finance platforms in the world. By
Global payments and banking-as-a-service (BaaS) platform OpenPayd and open banking platform Yapily have today announced a partnership to deliver innovative payment solutions for businesses in the UK and across Europe. Demand for embedded finance and open banking solutions is growing at a meteoric rate. 92% of business leaders are planning on launching embedded finance within
MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, and Mobily Pay, a pioneering mobile wallet powered by leading Saudi-based telecommunications and digital service provider Mobily, today announced a partnership to launch MoneyGram’s leading international money transfer capabilities on Mobily Pay. This partnership empowers millions of consumers in Saudi Arabia to
