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Circle Secures Conditional DASP Registration and Appoints Head of French Operations

Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés Financiers’ (AMF)).

Tuesday, January 2, 2024 - 13:33
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Financial IT
Tameed Platform Closes Series A Funding Round of $15 Million Led by Alromaih Investment Group

Tameed Digital Lending Platform, which offers shariah-compliant  Government Purchase Orders Financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75M (USD 15M) led by Alromaih Investments.

Tuesday, January 2, 2024 - 13:22
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Financial IT
AppTech Successfully Boards its First International Airport Onto its Newly Acquired FinZeo Platform for Payment Processing

AppTech Payments Corp., a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, announces Reno International Airport as the first international airport to adopt its newly acquired FinZeo platform, which manages all financial transactions and payments within the airport’s facilities. The Company anticipates additional airports to fully adopt the platform in the coming weeks.

Tuesday, January 2, 2024 - 12:34
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Financial IT
StoneX Announces Adoption of Swift’s Payment Pre-validation Service

StoneX is delighted to announce that it is one of the first financial organizations to enable Swift’s new leading-edge solution for cross-border payments.

Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition. Swift has consistently played a pivotal role in facilitating such transactions, connecting a vast network of financial institutions as well as banks worldwide.

Tuesday, January 2, 2024 - 12:24
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Financial IT
OakNorth Welcomes Lord Adair Turner as Its New Chairman

OakNorth – the neobank for entrepreneurs by entrepreneurs, today announces the further strengthening of its board with the appointment of Lord (Adair) Turner, as its Chairman.

Wednesday, December 27, 2023 - 17:06
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Financial IT
Hakbah - Saudi Arabia’s Leading Decentralised Savings Platform - Partners with Mena’s Leading Open Banking Platform - Tarabut

Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation.

Wednesday, December 27, 2023 - 16:58
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/news/payments/hakbah-saudi-arabias-leading-decentralised-savings-platform-partners-menas-leading
Financial IT
Young People Turning to Buy Now, Pay Later to Bankroll Christmas

Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring.

Wednesday, December 27, 2023 - 16:43
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Financial IT
The P2P Market Demonstrates “Non-Random” Randomness

Robo.cash analysts studied the exposure of the continental European P2P lending market to the randomization effect. The analysis included 54 European platforms with available statistics on reinvestment volumes. "We ran nearly two dozen statistical criteria to detect patterns such as trend, cyclicality, and seasonality. The absence of these patterns is the main feature of randomness." - platform specialists explain the approach.

Wednesday, December 27, 2023 - 16:32
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/news/lending/p2p-market-demonstrates-non-random-randomness
Financial IT
Visa Partners with Tencent and Alipay for Seamless Digital Payments in China

 

Visa, a major player in the world of digital payments, has announced an exciting partnership with Tencent and Alipay, two leading internet and technology companies in China. This collaboration aims to empower Vietnamese travelers visiting China by allowing them to link their Visa cards to digital wallets, including Weixin Pay (also known as China’s local wallet of WeChat Pay) and Alipay.

Friday, December 22, 2023 - 15:27
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Financial IT
Sezzle Board of Directors Authorizes US$5 Million Stock Repurchase Program

Purpose-driven digital payment platform, Sezzle, today announced that the Company’s Board of Directors (the “Board”) has authorized a stock repurchase program of up to US$5 million of its outstanding shares of common stock on the Nasdaq Capital Market.

Friday, December 22, 2023 - 15:14
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Financial IT

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