HSBC Bank and Wells Fargo & Company today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH).

TripActions, the all-in-one travel, corporate card, and expense management solution, today announced the appointment of Clara Liang to the company’s board of directors, effective immediately. A seasoned product leader with experience across the travel and financial sectors, Liang has held senior leadership roles across both consumer and enterprise companies.

Mercurity Fintech Holding Inc. (the "Company" or "MFH"), a digital fintech group powered by blockchain technology, today announced that it has closed the Private Investment in Public Equity (“PIPE”) financing pursuant to the Securities Purchase Agreement (the “SPA”) and Warrant (each, a “Warrant” and collectively, the “Warrants”) with certain non-U.S. investors for gross proceeds of $3.15 million (the “Proceeds”).

The global open banking market size is expected to reach USD 128.12 billion by 2030, according to a new study by Polaris Market Research.

2022 has been a turbulent year with geo-political, economic and societal issues impacting organisations worldwide. Two years ago, companies turned to technology to ride out the global pandemic. Now, once again, they are turning to technology for solutions to navigate the dangerous waters of the looming recession.

A recent consumer survey commissioned by Global Payments Inc. (NYSE: GPN) in partnership with YouGov found that both spending habits and expectations of payment experiences are shifting. Consumers want choice at the checkout while looking for ways to better control their finances. Nearly one in five consumers (19%) say they are now more likely to pay for items in full, which can help them manage cash flow and provide a real-time picture of their financial position.

Leading payment orchestration provider BR-DGE has today extended its partnership with Worldline, announcing that Worldline’s new global acquiring capabilities have joined BR-DGE’s Partnership Program.

Europe's e-commerce industry has experienced accelerated growth over the past few years, with a steady increase in the number and share of online shoppers within Europe.   Ecommerce payments have proven to be exceptionally well placed to facilitate the digitalisation of retail and create a seamless shopping experience for consumers. The evolution within e-commerce can be partially credited to the developments in financial technology such as e-wallets, new payment options and in-app purchasing. 

Financial Services organisations are entering a trying time. Business leaders are being kept up at night by an abundance of challenges: increased competition from digital banks like Monzo and Revolut, economic uncertainty, evolving regulatory scrutiny, and new expectations from digital-savvy customers.