Sokin, the global business payments company, has secured a $100 million long-term debt facility from Oxford Finance LLC (“Oxford”), a leading specialty lender.

The facility will accelerate Sokin's expansion across North America, Asia, the Middle East, and South America, and fast-track the acquisition of further regional licenses, banking partnerships, and global infrastructure scaling. Additionally, investments will fund the development and launch of new products, including embedded payments capabilities.

Boerse Stuttgart and Upvest today announce a partnership that enables financial institutions across Europe to offer securitised derivatives trading to their end users via a trusted, regulated exchange. 

Temenos, a global leader in banking technology, today announced ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank Group, one of the leading banking institutions in the UAE, has gone live with Temenos Payments Hub to modernize its payments infrastructure and enable faster and more efficient cross border payments.

Plumery, the digital banking development platform, and Lokalise, a leading platform for continuous localisation have joined forces to embed enterprise-grade localisation functionality, including translation and market adaptation, directly into digital banking experiences. This will enable financial institutions to deliver hyper-localised experiences at scale, improving accessibility, engagement, compliance and customer satisfaction.

Veriff, a global AI-native identity verification (IDV) platform, achieved a 100% detection rate of synthetic fraudulent documents in recent benchmarking against the IDNet dataset. The results reinforce the company’s leading position in fighting against AI-driven fraud.

TerraPay, a global money movement company, today announced its strategic partnership with MilX powered by Air Media Tech/Influencers Group, marking TerraPay’s official launch of the payouts for content creators and the gig economy. This milestone reinforces TerraPay’s vision of powering borderless payments for emerging digital communities worldwide.

UAB Profitus Crowdfunding, the operator of the Profitus real estate crowdfunding and peer-to-peer (P2P) investment platform, has selected AMLYZE, a RegTech provider focused on modern, technology-driven compliance solutions, to strengthen its client risk management processes and support the platform’s continued growth.

PT Artajasa Pembayaran Elektronis (“Artajasa”), Indonesia’s leading payment system infrastructure provider, has entered into a Memorandum of Understanding (MoU) with Ant International, a leading global digital payment, digitisation and financial technology provider. This strategic collaboration will advance the integration of seamless cross-border payment, AI-powered mobile innovations, and SME digtialisation solutions between Indonesia and Ant International’s extensive global ecosystem.

The Board of Directors (“Board”) of BlackRock, Inc. has elected Gregg R. Lemkau, Co-Chief Executive Officer of BDT & MSD Partners, to the BlackRock Board. Mr. Lemkau joins the Board today as an independent director.

OCBC Group (“OCBC”), leveraging the Citi  Securities Lending Access™ (“CSLA”) platform, has rolled out a securities  lending programme. The programme enables retail and corporate  customers of OCBC Securities, as well as clients of its private banking arm,  Bank of Singapore, to enhance portfolio returns by lending out their idle  securities to institutional borrowers for fee income. They will still receive dividends, coupon payments and bonus issues, and retain full flexibility to  sell their securities at any time.