NymCard, the MENA region’s leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE’s Open Finance regulation. 

With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform.

Nubank announces the launch of tap-to-pay Pix, a new feature that integrates NFC technology into the app to simplify in-person payments. The solution offers customers an even more agile way to use Pix, eliminating the need to scan QR codes. To use it, customers must simply have a Pix key registered with Nubank.

In an effort to combat the rise of mobile wallet phishing, DBS Bank will launch a new “Mobile wallets” feature within DBS/POSB digibank app’s Payment Controls, preventing scammers from adding phished card details to their mobile wallets.

Carey Olsen has advised MoonPay, Inc., a global leader in crypto payments, with the registration of its new Jersey subsidiary as a virtual asset service provider ("VASP").

Carey Olsen advised MoonPay on the legal and regulatory aspects of its VASP application to the Jersey Financial Services Commission, with Oak Group providing regulatory, compliance and operational support.

Responsible lender, Creditspring, has partnered with financial educational platform, Doshi to build the UK’s financial confidence, knowledge and future stability.

The partnership will provide Creditspring members with access to financial education courses via its Learning Academy, powered by Doshi, to set goals and build their understanding of finance and money topics including budgeting, credit, mortgages, pensions and savings.

Chetwood Bank has proudly announced that it has surpassed £4 billion in total customer deposits across the bank’s savings products and flows from distribution partners.

UniCredit, the pan-European commercial bank, and Google Cloud today announced the signing of a Memorandum of Understanding (MoU) outlining a 10-year agreement to accelerate UniCredit's digital transformation. This collaboration will see UniCredit draw on Google Cloud's best-in-class infrastructure, AI, and data analytics solutions to streamline its digital architecture and enhance its products and services across the bank's 13 core markets.

The IoT Security Foundation (IoTSF) is proud to announce the formation of its new Device Identities Working Group, a transformative initiative to advance IoT security through trusted device identities. Unveiled today at CyberUK 25, this working group builds on IoTSF’s legacy of leading IoT security initiatives, aiming to address critical challenges in the rapidly growing IoT ecosystem.

In the crypto community, XRP has long been seen as the ‘bank’s coin’, compared to Bitcoin, which is anti-establishment. In recent years, Ripple has chosen to work with existing systems rather than trying to overthrow them, earning XRP both support and criticism within the crypto space. Crypto believers view working with banks as going against the original crypto ideals, but from a business perspective, the approach makes sense. 

Lloyds and Mercore have completed a series of landmark digital transactions that have featured the secondary participation in an accepted digital bill of exchange (DBE). The innovative process enables businesses who are not utilising electronic trade documents to enter into secondary participations.