Despite previous hesitancy, financial service providers (FSPs) have begun their migration to the cloud and multi-cloud solutions. Hybrid working, which requires connectivity from anywhere, is the latest catalyst for this transition, but it’s been a long time coming.

Analysis from the Economist Intelligence Unit (EIU) suggests that while digital disruption to domestic payments continues, the ongoing Russia-Ukraine war will cause parallel disruption to cross-border payment systems. The dominance of SWIFT is endangered. 

To begin with, the EIU expects growth in digital payments to slow over the next five years. 

Global fintech investor Portage announced today the launch of a late-stage, fintech-focused Portage Capital Solutions (“PCS”) Fund. Co-Heads Daniel Ballen and Devon Kirk will lead the strategy, focusing on structured opportunities in fintech and financial services companies globally and targeting investments over $50 million.

Zipmex has become the latest victim of the ongoing crypto crash after running into liquidity problems that it blames on troubled crypto lenders Babel Finance and Celsius Network.

The Singapore-based crypto exchange said on Wednesday that it had filed moratorium applications in the city-state for five business entities. The moratoriums will protect Zipmex from any legal claims or proceedings for a period of up to six months, according to a company statement.

Dbank, a Pakistani fintech founded by two former Google staffers, has raised $17.6 million in a seed funding round co-led by Sequoia Southeast Asia and Kleiner Perkins.

Brazilian digital banking giant Nubank, RTP Global, Rayn and local partner Askari Bank joined the round.

Nexi announces today a strategic collaboration with Microsoft aimed at innovating digital payments solutions and helping digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across multiple European markets through vertical value-added solutions to respond to specific needs as easy-to-adopt one-stop-to-digital packages for small businesses, secure scalable payment cloud-based infrastructures for public entities to serve ci

The Board of Directors of the Dubai Financial Services Authority (DFSA) has accepted the resignation of F. Christopher Calabia, effective 31 August 2022. Chris joined the DFSA in October 2021 and is stepping down to return to the United States for family-related reasons.

Duco, a leading cloud-based data automation company, today announced that Payment Source, the preferred partner to bring innovative payment solutions to the Canadian market, has achieved huge efficiency and scalability gains thanks to the Duco Platform.

Financial technology leader Worldpay from FIS^® is extending its partnership with a dispute technology provider, Chargebacks911, by launching an enhanced range of Disput

Half of UK consumers have cut back spending to cope with the cost of living crisis, although financial resilience appears robust, according to figures revealed in TransUnion’s latest Consumer Pulse study.