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UAE usurps UK in global fintech rankings

/startups

UAE usurps UK in global fintech rankings

The UK has been pushed into third place in global fintech rankings for the first time following a strong showing by the UAE.

Clear Junction adds support for on-chain stablecoins

/crypto

Clear Junction adds support for on-chain stablecoins

Embedded payments platform Clear Junction has launched a new on-chain stablecoin transfer service, the first product in a wider suite of digital asset services under development to meet increasing demand from fintechs, payment service providers (PSPs), and regulated financial institutions.

Lightyear eyes AI opportunity on $28 million fund raise

/wealth

Lightyear eyes AI opportunity on $28 million fund raise

Investment firm Lightyear has closed a $23 million Series B funding round as it eyes opportunities to bring artificial intelligence to it platform.

Interledger Protocol targets interoperable stablecoins

/crypto

Interledger Protocol targets interoperable stablecoins

The Interledger Foundation (ILF) is extending its efforts to promote the creation of an interoperable payments network to include stablecoins.

TPG and Bluecode launch pan-European mobile payment service

/payments

TPG and Bluecode launch pan-European mobile payment service

The Payments Group (TPG), has become the first pan-European issuer of the Bluecode scheme, giving people across the continent access to a prepaid-based mobile payment alternative to Visa and Mastercard.

Fiserv acquires part of TD's Canadian merchant business

/payments

Fiserv acquires part of TD's Canadian merchant business

Canada's TD Bank is selling part of its merchant processing business to Fiserv as part of a wider agreement with the US payments giant.

Sam Altman fears AI-enabled fraud crisis

/ai

Sam Altman fears AI-enabled fraud crisis

OpenAI CEO Sam Altman says it "terrifies" him that banks still use voice-based authentication methods in an era when the AI that he has helped bring into the mainstream can trick such technology.

Wise US relisting plan faces pushback from co-founder and proxy advisers

/payments

Wise US relisting plan faces pushback from co-founder and proxy advisers

Wise's plan to move its primary listing to the US is drawing fire from co-founder Taavet Hinrikus and proxy advisory firms because the vote on the move will also ask shareholders to greenlight an extension of the money transfer company's dual-class share structure.

Corpay agrees $2.2bn Alpha Group takeover

/payments

Corpay agrees $2.2bn Alpha Group takeover

Corporate payments outfit Corpay has agreed to buy British peer Alpha Group for $2.2 billion in cash.

BNY taps Goldman Sachs blockchain platform to tokenize Money Market Funds

/markets

BNY taps Goldman Sachs blockchain platform to tokenize Money Market Funds

The Bank of New York Mellon is to employ blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select Money Market Funds (MMFs), opening up the transferability of existing MMF shares.

UK competition authority takes on Apple over digital wallets

/regulation

UK competition authority takes on Apple over digital wallets

The UK's Competition and Markets Authority (CMA) says it will take action to ensure Apple opens up restrictions on fintechs offering their own digital wallets on iPhones.

PayPal unveils integration with domestic wallets across the world

/payments

PayPal unveils integration with domestic wallets across the world

PayPal has unveiled a series of global partnerships that will connect many of the world’s largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo.

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