Ripple, the leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations.

Omniwire, a leading next-generation fintech company specializing in core banking, issuer processing, and card issuing services, is pleased to announce it has received a $2 million investment that will support its mission to reshape the financial technology landscape with its innovative solutions. 

This investment will accelerate Omniwire’s growth as it continues to expand its services to meet the evolving needs of clients and partners. 

Trustly, a global leader in Open Banking Payments, and Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, are proud to expand their collaboration in instant payments with the addition of the FedNow® Service. The development delivers the highly anticipated expansion of an instant payment network to Trustly’s merchants, enabling new capabilities to optimize the routing of funds instantly via Cross River’s singular API endpoint.

At a time when technology is seamlessly integrated with our everyday financial activities, savings management is one of the key areas primed for evolution. The advent of platforms like Hargreaves Lansdown’s Active Savings, which allows customers to park their money with various banks and building societies and manage it all from one place, is changing the way savers interact with their funds.

Biz2Credit and subsidiary software platform Biz2X have been named to the Financial Times’ 2024 list of “The Americas’ Fastest Growing Companies” once again. This prestigious award is presented by the FT and Statista Inc., the world-leading statistics portal and industry ranking provider.

Web3Firewall announces today that it has successfully closed a pre-seed investment round led by Laser Digital (Nomura’s digital asset subsidiary) gumi Cryptos Capital  (gCC), and SPEILLLP, a member of Susquehanna International Group. The company has developed an intelligence-driven risk and compliance platform specifically to meet the evolving challenges of companies engaged in blockchain technology and digital assets. 

TransUnion, a global information and insights company, has released results from its Q1 Consumer Pulse survey revealing sustained demand for Buy Now, Pay Later services (BNPL).

BNPL services allow consumers to split purchases into manageable instalments, often interest-free. Nearly a quarter of adults (23%) said they have used the service in the past year, mirroring pre-festive season observations.

Skipify, a leading financial technology company redefining the checkout experience, today announced its partnership with Visa, a world leader in global payments technology, through the Visa Digital Commerce Program. Through this effort, Skipify aims to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify and accelerate the payment process.

UnaCash, an in-app and in-store financial solutions provider, was launched in 2021 in the Philippines as part of UnaFinancial, a Singapore-headquartered fintech group. UnaCash was started as a buy now, pay later service, while in July 2023 it was upgraded to offer point-of-sale (POS) loans to customers. Now, the service also provides installment loans amounting from ₱3,000 to ₱50,000 with a repayment period of 2 to 12 months. They are being offered to existing customers with outstanding credit history.