Marqeta, the global modern card issuing platform, announced today that it has entered into an agreement to acquire credit card program management platform Power Finance, Inc. (“Power”). The deal is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions.

In Q1 2023, Refinitiv intends to publish new USD IBOR Cash Fallbacks that are consistent with the Federal Reserve Board’s benchmark replacements for FHFA-regulated-entity contracts (except Federal Home Loan Bank advances) and Federal Family Education Loan Program Asset-Backed Securitizations. 

CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, has won the 2023 Risk Markets Technology Award for Collateral Management & Optimisation Product of the Year. This is CloudMargin’s second consecutive win and third win since 2019 in the category, marking its fifth award from Risk.net. Last month, the firm won the FOW International Award for Collateral Management Solution of the Year.

FINBOURNE Technology today announces its partnership with market-leading debt provider, Kreos Capital, to secure up to a £30 million debt facility. The funding forms an extension to FINBOURNE’s Series A round (April 2021).

Tracxn, a leading global SaaS-based market intelligence platform, has released its Fintech UK Report. The report, based on Tracxn’s extensive database, provides insights into the UK’s Fintech space.

The UK has been one of the top Fintech centres and has even been dubbed the global Fintech capital. In terms of startup funding, Fintech is the leading segment in the country. 

Sentry Enterprises has selected the IDEX Biometrics sensor solution and the SLC38 chip from Infineon Technologies to power their next-generation biometric identity platform. Sentry is the creator and maker of the SentryCardTM, a private biometric identity and security solution that operates at the edge, and the soon-to-be-released Sentinel biometric cold storage crypto wallet. The Sentry platform and capabilities compete horizontally across all security, payment, and crypto sectors, as well as across all market segments.

Cryptocurrency has the potential to generate significant wealth for investors, but it is important to be aware that this wealth may be subject to taxation. By understanding the tax implications of cryptocurrency and implementing strategic approaches, investors can minimize their tax burden. In this article, we will provide an overview of cryptocurrency taxes and present some strategies for minimizing tax liability.

6 Ways to Minimize Crypto Tax

Intellect Global Transaction Banking (iGTB), the transaction banking arm of Intellect Design Arena, a cloud-native, future-ready, new-gen multi-product FinTech company for the world’s leading financial and insurance institutions, has been named as a leader and ‘Best in Class’ Payments platform by Aite-Novarica Group in a report that evaluates the overall competitive position of payments technology providers, focusing on stability, client strength, product features, and client services.

Infibeam Avenues Ltd’s flagship brand ­­-- CCAvenue, has become India’s FIRST payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants, among payment gateway players.

It is an industry first where CCAvenue, has facilitated CBDC online transactions for one of India’s leading private sector banks, by processing their CBDC transaction, with an aim to strengthen India’s digital payments ecosystem further. 

New research from Freedom Finance, one of the UK’s leading digital lending marketplaces, reveals the scale of demand for financial services products as more than two in five (43%) of UK adults – or around 23 million people – either considered or applied for at least one financial services product in the past year.