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Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations

Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced a collaboration with Green Dot Corporation (NYSE: 

Monday, December 23, 2024 - 09:30
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Financial IT
U.K. Retail Spending Rises 2.3%, Visa Data Shows

Visa, a global leader in digital payments, today announced its first Retail Spend Monitor, from Visa Consulting & Analytics (VCA), which analyses holiday season retail spend for the 7-week period starting on November 1, 2024, across the U.K. The findings show overall holiday spend in the U.K. increased 2.3% year over year, in nominal terms.

Monday, December 23, 2024 - 09:26
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Financial IT
UAE-Based Embedded SME Lending Startup CredibleX Raises US$55M in Seed Round

CredibleX, UAE's Leading SME Lending Fintech, Provides Access to 100,000 SMEs for Financing and Disburses AED 100 Million During Launch

CredibleX, a pioneering working capital finance platform for SMEs, is proud to announce that it has successfully disbursed AED 100 million in loans to small businesses across the UAE since the pilot launch of its platform eight months ago.

Monday, December 23, 2024 - 09:23
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Financial IT
Mastercard Finalizes Acquisition of Recorded Future

Mastercard completed its acquisition of Recorded Future.

Monday, December 23, 2024 - 08:21
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/news/security/mastercard-finalizes-acquisition-recorded-future
Financial IT
Fintech Trends for 2025: Blockchain, Open Banking, and AI Shaping the Future of Finance

“With blockchain technology back in the mainstream following the resurgence of cryptocurrencies in 2024, the tokenization of traditional assets will be a central theme to watch for fintech in 2025.  The tokenization market for real-world assets is projected to reach a staggering $16.1 trillion by 2030, driven by distinct benefits for financial and physical assets. For financial assets like stocks and bonds, tokenization primarily delivers operational efficiencies, reducing costs by modernizing infrastructure and reducing intermediaries.

Friday, December 20, 2024 - 15:27
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Financial IT
Scalable Capital Launches Own World ETF Together With DWS and MSCI to Rethink Global Investing

As the first digital investment platform in Germany Scalable Capital launches its own global equities core ETF, the “Scalable MSCI AC World Xtrackers UCITS ETF”. Scalable Capital advises the asset manager DWS on the construction and replication of the portfolio for the new ETF. DWS is one of the largest providers of ETFs through its Xtrackers brand. The underlying All Country World Index (AC World or ACWI) is provided by MSCI, a leading provider of mission-critical decision support tools and services for the global investment community.

Friday, December 20, 2024 - 15:17
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Financial IT
SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI

SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis. 

Friday, December 20, 2024 - 15:06
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Financial IT
Best Egg Gets $1 Billion in Funding From AB CarVal Affiliates to Help More People Access Vehicle Equity Loans

Best Egg, a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car’s value as collateral to borrow money. This commitment, led by funds managed by affiliates of AB CarVal, entails a forward-flow purchase commitment for loans facilitated through the Best Egg platform.

Friday, December 20, 2024 - 13:52
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Financial IT
Bitget Partners With Fiat24 to Advance PayFi Solutions for Crypto

Bitget, the leading cryptocurrency exchange, and Web3 company, has announced a strategic partnership with Fiat24, a Swiss-regulated fintech company that develops modern banking solutions powered by blockchain technology. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC).

Friday, December 20, 2024 - 12:50
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Financial IT
Thredd Strengthens Global Leadership With Strategic Senior Appointments

Thredd, a leading next-generation global payments processor, today announced four strategic senior appointments to its leadership team, reinforcing its commitment to delivering world-class expertise in supporting fintech organisations and programme managers worldwide. 

Friday, December 20, 2024 - 12:45
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Financial IT

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