Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans. The research found that Black entrepreneurs received less encouragement to apply for a loan and were more frequently steered toward alternative loan products compared to white shoppers with similar or weaker business credit profiles. While focused on specific testing sites, this research provides insights into potential lending disparities that warrant further exploration.

Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment, a leading financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions.

The funding is expected to support NovoPayment’s continued scaling and expansion of commercial partnerships.

Global Fintech leader Broadridge Financial Solutions, Inc., today announced the appointment of Alix Jules as AI Business Transformation Leader at Broadridge, effective November 11, 2024. Jules will be based in New York City and will report into Roger Burkhardt, Head of AI for Broadridge.

MoneyLIVE Summit 2025, Europe’s most senior banking and payments conference, is set to unveil Startup City, an exclusive space designed to connect rising FinTech companies with leading investors, financial institutions, and corporate venture teams. The initiative will be featured at Europe's leading banking conference, MoneyLIVE Summit, which attracts over 1,500 senior leaders from the banking and payments industry.

Citi and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China.

Aryza Group, a leading provider of financial software solutions, has announced the expansion of its partnership with GoCardless, a global bank payment company. This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally. 

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of enhancements to its interactive, public-facing Value at Risk (VaR) calculator adding cross-margining and repo transaction functionalities. These enhanced risk tools are intended to support firms as they prepare for the expansion of U.S. Treasury Clearing in 2025 and 2026.

PXP Financial, experts in global acquiring, payment, fraud and data analysis services, today announces a new partnership with North. Founded in 1992, North builds payment technologies that power businesses and organizations – from point of sale to eCommerce and payment APIs, backed by in-house processing.

Klarpay AG, a leading fintech providing modern Swiss accounts and global transactional banking, is excited to announce that it will officially rebrand to Bivial AG in the coming weeks. The new name reflects the company's evolving vision and core values while incorporating a personal touch—the initials of its founders.