Future FinTech Group Inc., a blockchain application technology developer and a fintech service provider, announced today that on August 16, 2022, FTFT UK Limited ("FTFT UK"), a company organized under the laws of United Kingdom and a wholly owned subsidiary of the Company received approval from the Financial Conduct Authority ("FCA"), a financial regulatory body in the United Kingdom, to acquire Khyber Money Exchange Ltd. ("Khyber Exchange").

The adoption of cloud technology in the financial services industry has accelerated in recent years as firms seek to become more flexible,adaptable, and capable of delivering digital services to meet customer needs and facilitate remote work. In 2021, the European Cloud User Coalition (ECUC), consisting of some of the continent’s biggest banks, was formed to accelerate the adoption of off-premises technologies in financial services.

Sezzle, a leader in the Pay in 4 industry, today announced the launch of a new direct integration with Klaviyo.

Sumsub has been named a FrontRunner in Top Risk Management Software by Software Advice in its 2022 FrontRunners report. Software Advice is a leading online company that helps businesses navigate their software buying journey. Sumsub KYC/AML Platform has earned an overall rating of 4.7 (out of 5).

UK-based fintech Revolut announced it will start giving consumer loans in Romania, its second biggest market worldwide. Revolut has over 2 million users in Romania, representing about 10% of its worldwide clients.

Verto, the leading B2B cross-border payments and foreign exchange (FX) enabler, today announced that it has acquired Locusnine, a software studio that delivers innovative solutions, products and services that help to transcend technological barriers to customers’ experiences.

Mool Innovation Labs, which operates as a SAAS Tax saving & salary optimisation product,  has caught the attention of investors and has received seed funding from Next Generation Incubation Scheme (NGIS) of Software Technology Parks of India (STPI). Pontaq Ventures India LLP is the fund manager of the aforesaid fund.

To offer ease and further the Government’s vision to make e-governance 'mobile first' in India, PayNearby, India’s leading branchless banking and digital network, has integrated the all-in-one app UMANG (Unified Mobile Application for New-age Governance) into its platform.

Ripple has brought its On-Demand Liquidity (ODL) offering to Latin America through a partnership with Brazil's Travelex Bank.

ODL taps Ripple's XRP digital asset to enable customers to send money across borders instantly with very low-cost settlement and without the need to hold pre-funded capital in the destination market.