In a significant development for decentralized finance, Wirex Pay, incubated by the pioneering digital payments platform Wirex, has unveiled its state-of-the-art Wirex Pay Node Rewards Center. This innovative platform is set to revolutionize how Wirex Pay Node License holders manage and earn rewards.
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TSB has partnered with Doshi to bring money confidence to schools – as the organisations team up to encourage 1,000 students aged between 13-18 to sign up to the financial education service.
Over the next six months, TSB will be visiting schools to encourage students to use the Doshi app and complete short learning modules to boost their money confidence and financial literacy ahead of adulthood.
MANSA, a global decentralized finance (DeFi) platform that provides liquidity to cross-border payment companies, today announced it has surpassed $3 million in transaction volume.
Standard Chartered has announced the introduction of Autoquote, a new digital request for quote (RFQ) module available on its Straight2Bank Next Gen, the bank’s digital banking platform. The new digital capability offers its clients globally the ability to request pricing quotations for their letters of credit (LCs) confirmation and discounting/negotiation and receive a digital response on demand, from anywhere and at any time.
COVU, Inc., a leader in AI-native services for insurance agencies, today announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million. The funding round attracted investment from prominent investors including
Lloyds and Mercore Capital have completed a series of landmark transactions under the International Trade and Forfaiting Association’s (ITFA) Digital Negotiable Instrument (DNI) Initiative, highlighting the ease and advantages of digital trade based on shared principles and advanced technology.
The Documentary Collection transactions involved the shipment of sugar from Mercore’s client, an exporter based in the Americas, to Lloyds’ client in the UK.
Customer
In 2022 TruStone Financial was the fastest growing credit union in America. A 2021 merger with Firefly Credit Union made them the 2nd largest in the state and 72nd largest in the country, with assets of over $4 billion.
Challenge
Relying on a homegrown database monitoring solution was creating downtime, directly affecting members. With an upcoming merger set to increase the size of both their team and database estate, something needed to change.
Cryptomathic, a pioneer in secure digital transactions, today announced the launch of Obsidian, a cutting-edge payment platform designed to meet the evolving needs of the payment industry. The platform offers a robust, cloud-based solution tailored for payment card issuers, wallet providers, and fintech innovators.