Swiss fintech Kaspar& has closed its CHF 2.5 million seed-financing round and enters a strategic partnership with Avaloq, a leader in wealth management technology based in Zurich. As part of the new partnership, Avaloq has acquired a minority stake in the firm and will integrate the innovative Kaspar& investment app with the Avaloq Core Platform. This will enable banks running on the Avaloq platform in Switzerland to provide more accessible opportunities for their clients to start investing.

Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced two new payment options, Pay in 2 and Pay in 30, to bring even greater choice and flexibility to consumers utilizing Affirm’s app and providing affordability across a wider range of transactions. As always with Affirm, consumers do not ever owe a penny more than what they agree to upfront as there are no late fees or hidden charges, like compound or deferred interest.

U.S. Bank announced today a partnership with Greenlight® Financial Technology, Inc. (“Greenlight”), the leading family fintech company on a mission to help parents raise financially-smart kids, to provide an innovative banking solution for families.

Elavon, a wholly-owned subsidiary of U.S. Bank and one of the largest payments processors globally, is partnering with Southeastern Pennsylvania Transportation Authority (SEPTA) to offer contactless payment acceptance from any enabled card or mobile device across transit services. SEPTA is one of the ten largest transit systems in the United States.

London Stock Exchange Group plc (LSEG) today announces that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will lead LSEG’s global operations division supporting the services delivered both to our people and to customers. He will also be a member of the Group’s Executive Committee. 

Today, Adyen, the global financial technology platform of choice for leading businesses, announced the opening of its own office in Toronto. The new Toronto office will serve as the company's Canadian headquarters, underscoring Adyen's commitment to sustained growth in the Canadian market. As part of Adyen’s ongoing commitment to growing in Canada, Adyen is also pleased to welcome Ilona Fagyas to its leadership team as its new Head of Sales later this month.

Moneyhub, the market-leading data and payments platform, has today announced the introduction of its account verification service. Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics.

Today, Liminal, the leader in horizontal generative AI data security, announces they have added more than $5M in funding in an oversubscribed seed round led by Fin Capital, with participation from High Alpha, Matchstick Ventures, Craft Ventures Scout Fund, and veteran regulated industry executives. The new investment expands Liminal’s ability to quickly enable customers to securely deploy and use generative AI.

Commonwealth released key insights gleaned from a three-year project supported by JPMorgan Chase designed to achieve the promise of artificial intelligence for all by focusing on ensuring that the needs of households earning low to moderate incomes (LMI) are understood and integrated into financial design and implementations.