Brazil’s Central Bank Postpones PIX Payment System Update
Brazil's central bank has delayed the launch of a new feature in its widely-used payment system, PIX, citing the need for further testing and security enhancements. The postponement aims to ensure the feature's robust functionality and ... Read More
Southeastern U.S. Sees Growth in De Novo Banks with Jack Henry’s Support
Three new de novo banks in the Southeastern U.S. have partnered with Jack Henry to streamline operations and enhance customer experiences. Utilizing Jack Henry's advanced technology and solutions, these banks aim to compete effectively in ... Read More
Visa Unveils Key Trends for SMEs in UAE, Offering New Opportunities for Issuers
Visa's latest report on UAE SMEs reveals emerging megatrends, including digital transformation and financial inclusion, offering issuers valuable opportunities to innovate and expand their market presence by addressing SME-specific ... Read More
UK Finance Unveils New Platform to Enhance Charity Banking Access
UK Finance has launched a new online platform to support UK charities in accessing banking services. The site offers tailored banking information, regulatory guidance, and case studies to help charities manage their finances ... Read More
Slope Secures $65M in Funding Led by JP Morgan to Boost B2B Payment Solutions
B2B paytech Slope has successfully raised $65 million in equity and debt funding, with JP Morgan leading the investment. The funds will be used to enhance Slope's B2B payment solutions and expand its market ... Read More
US Fintech Coast Secures $40M Series B Round to Fuel Growth and Expansion
Coast, a US-based fintech company, has raised $40 million in Series B funding. The investment will drive product development, strategic partnerships, and team expansion, positioning Coast for accelerated growth in the competitive fintech ... Read More
US Federal Reserve Imposes $44 Million Fine on Green Dot for Unfair Practices
The US Federal Reserve has fined digital bank Green Dot $44 million due to unfair and deceptive practices. The fine addresses issues related to Green Dot's banking and prepaid card products, aiming to protect consumers and ensure fair ... Read More
Indonesia and South Korea Enhance Cross-Border Payment Connectivity
Indonesia and South Korea have announced a new partnership to boost cross-border payment connectivity. This initiative aims to streamline transactions, reduce costs, and improve efficiency between the two countries, fostering stronger ... Read More
Airwallex Secures Licence to Offer Retail Investment Products in Australia
Airwallex has received a licence from the Australian Securities and Investments Commission (ASIC) to offer retail investment products. This expansion allows the fintech company to diversify its services beyond cross-border payments and ... Read More
China Bohai Bank to Sell $4 Billion in Non-Performing Loans Amid Financial Reforms
China Bohai Bank, linked to Standard Chartered, plans to dispose of $4 billion in bad loans. This move aligns with China's broader financial reforms to clean up balance sheets and strengthen the banking sector. The sale will help Bohai ... Read More