Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS). Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Derivative Path, a leading provider of capital markets technology and derivatives execution services to regional and community banks, announced it is collaborating with Goldman Sachs Transaction Banking (TxB) to offer an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments.

Minima, the first cooperative blockchain network that enables anyone to run a complete node on a mobile and IoT device, today announces that it has exceeded 120,000 complete nodes across 183 countries, surpassing Bitcoin's node count and distribution.

The financial services ecosystem is currently witnessing a spate of disruptions brought on by modern fintech players. These disruptions are mostly attributed to the rise of “plug and play” providers, which is still in its infancy when it comes to the banking industry. API or Application Programming Interface is a software intermediary that allows two applications to talk to each other. Plug and play providers offer products via a cloud API which just plugs into the bank to offer something new, and can be activated in days or weeks.

Penetration of global capital into emerging market private debt is minimal and liquidity is non-existent. MoHash is providing access to global capital and liquidity to debt issued by non-bank lenders using DeFi as a tool. Crypto already has close to $150B balances in stablecoin earning high risk, unsustainable and crypto correlated yields thus providing the intersection for MoHash to unlock value as it announces a $6M seed funding round today. 

Synch Payments, the Irish instant mobile payments provider, today announced that it has entered into an agreement with the European PayTech leader Nexi as its platform and service provider to help bring the Synch proposition to Irish customers and merchants.

Millennial buy now, pay later (BNPL) finance firm, Payl8r, is calling for the adoption of open banking as a legal requirement for credit assessment in the same way that credit checks are, to ensure safer lending for borrowers in the face of rising costs of living.

Sumsub, a global identity verification software provider, today published State of Identity Verification in the Crypto Industry. This is the first-ever study of verification practices among crypto businesses, combining remote verification statistics coupled with expert insights into regulatory compliance and the future of identity verification.