Credifiel, one of Mexico’s Payroll Lending Firms, Introduces Cashback Offer

Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”. The prepaid card is...

Mayfair, a Fintech startup backed by Tiger Global and Amity Ventures, is helping companies put “every last idle dollar to work.”. Its clients avoid “the price and liquidity risks of financial products typically marketed to businesses, and can take advantage of automated cash management to earn 4.02% APY.”

Treasury Prime, an embedded banking software platform, announced it raised $40 million in Series C funding. The investment round was “led by BAM Elevate with investment from The Banc Funds Company and Invicta as well as continued participation from Series B investors Deciens, QED and SaaStr.”. With this latest...

Congress ended the temporary benefit meant to help low-income households with pandemic-era hardships. A huge increase in Social Security benefits may mean some households see further SNAP reductions.

Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.”. The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.”. The proceeds from the...

Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive quarter, more than 50%...

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and Wealth (GPBW) business and both...

Yesterday, the UK government announced that it would assist the crypto industry by providing robust regulation of the emerging innovation. As industry insiders acutely understand, without clearly defined rules, risk increases, generating hesitancy and undermining acceptance of the technology. While policymakers in the US have yet to pursue a similar...

A report published by Mobey Forum’s Digital Identity Expert Group has identified unique opportunities for banks “to leverage their position as custodians of personal data to offer value-added digital identity services and become brokers of trust in the digital economy.”. The report suggests “that for digital identity systems...

The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver on Prime Minister Rishi Sunak’s plan to grow the economy while enabling innovation. Crypto assets will be regulated similarly to traditional financial offerings.

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the launch of Cowbell Academy, a unique institution that “offers insurance agents and brokers lessons on cyber insurance.”. The program “includes general classes such as Cyber Insurance 101, assessments to help brokers evaluate their level of...

ViewTrade, the force that powers fintech, announced extensive client growth over the course of 2022 as the firm continues to expand, “now serving financial services firms in 26 countries.”. Culminating in the launch of a carrying broker services offering in December, 2022 was a year of tremendous growth for...

Hamilton Lane (NASDAQ: HLNE), one of the largest private markets investment firms in the world, has listed its Equity Opportunities Fund V, on the digital securities platform Securitize. Going forward, Securitize and Hamilton Lane plan to launch two additional feeder funds in the coming months. The digital fund is tokenized...

Stellar blockchain proponents Tempo France and Armenotech have announced a partnership on payments and remittances, according to a note from the firms. Tempo France is an international money transfer system that recently utilized Stellar to power transfers in Europe and the Asia Pacific region. Tempo reports using over 100 payment methods in 100 countries globally.

Personetics, the global leader in financial data-driven customer engagement, released a report titled “Spotlight on North America: Banks and Credit Unions Need to Promote Customers’ Financial Well-Being.”. The report, based “on a study conducted by Forrester Consulting on behalf of Personetics, details the opportunities and challenges associated with...

Quick and easy payouts trump all other factors for North American and U.K. online sports bettors when selecting a sportsbook, according to the latest All the ways players pay research from payments platform Paysafe (NYSE: PSFE). The report also “reveals the crucial role of the payments experience in player retention...

Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, announced the broad introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform aimed at “helping firms in both the traditional finance and digital asset space combat financial crime.”. The new Cloud-based Validus AML...

Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing...

Large enterprises today are facing significant macroeconomic uncertainty across the world, according to an update from Paysend. Alexander Budyakov, Enterprise Business Executive, Paysend, notes that the fallout of the COVID-19 pandemic continues “to disrupt markets and supply chains whilst inflationary pressures and fluctuating currency markets are complicating cross-border trade.”

The Saudi Central Bank (SAMA) announced the licensing of two finance companies that are “specialized in debt-based crowdfunding, namely: Forus and Tameed.”. The licenses were “granted to the companies after successful testing of their solutions in SAMA’s Regulatory Sandbox; an experimental environment dedicated to innovative financial products and services in Saudi Arabia.”