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Wirex Integrates tGBP, Bringing Regulated Tokenised GBP to 6 Million Users

Wirex, a global leader in Web3 payments and digital finance, has announced the integration of tGBP – a fully backed, on-chain representation of the British Pound Sterling – into its platform. This move enables over six million users across 130+ countries to access and transact with a regulated, fiat-pegged digital pound issued by a UK-based, FCA-registered cryptoasset firm.

Friday, August 8, 2025 - 14:07
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/news/cryptocurrencies/wirex-integrates-tgbp-bringing-regulated-tokenised-gbp-6-million-users
Financial IT
GPT 5.0 Launch Sparks Fresh Concern for Finance Teams Battling AI-Driven Expense Fraud

As the world reacts to the launch of GPT-5.0, a new survey from spend management leader, Medius, reveals a mounting crisis for finance professionals already struggling to detect AI-generated expense fraud. With nearly a third (32%) of respondents admitting they wouldn’t recognize a fake expense report if it came across their desk, the arrival of a more powerful generative AI model threatens to only widen an already dangerous gap in business defences.

Friday, August 8, 2025 - 14:03
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/news/fraud-detection/gpt-50-launch-sparks-fresh-concern-finance-teams-battling-ai-driven-expense
Financial IT
Digital Lending Gets Smarter: TruStage Modernizes Lending Protection With Simplified, Real-Time Solution

TruStage™, a leading insurance and financial services provider, announced key enhancements to the digital lending process, simplifying the insurance experience for both the borrower and their financial institution. The updated digital purchase solution gives customers the ability to opt-in to payment protection directly within their loan application, automatically integrating protection into loan documents.

Friday, August 8, 2025 - 14:00
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/news/lending/digital-lending-gets-smarter-trustage-modernizes-lending-protection-simplified-real
Financial IT
FCA Sets Out Changes to Payment Safeguarding Rules

Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails.

Friday, August 8, 2025 - 13:12
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/news/regtech/fca-sets-out-changes-payment-safeguarding-rules
Financial IT
Socure and Baselayer Partner to Deliver Next-Gen Business Identity Verification via RiskOS™

Socure, the leading provider of AI-powered digital identity verification, compliance, and fraud prevention solutions, today announced a strategic partnership and integration with Baselayer, the market-leading Business Identity, Credit, and Fraud provider. By embedding Baselayer's high-fidelity business verification and fraud signals into the RiskOS™ platform, the partnership enables Socure customers to onboard 100% of good business applications.

Friday, August 8, 2025 - 13:08
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/news/digital-identity/socure-and-baselayer-partner-deliver-next-gen-business-identity-verification
Financial IT
Brex Secures EU Payment Institution License, Unlocking Next Phase of Global Expansion

Brex, the intelligent finance platform, today announced that it has secured its Payment Institution (PI) license in the European Union, via the Netherlands. This marks a significant step in Brex's mission to serve high-growth businesses across key international markets where they currently operate.

Friday, August 8, 2025 - 13:02
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/news/payments/brex-secures-eu-payment-institution-license-unlocking-next-phase-global-expansion
Financial IT
Sygnum Bank Announces SUI Support for Clients on the Back of Serving as Banking Partner to Sui Foundation

Sygnum, a global digital asset banking group, today announces a variety of accessible custody, trading, and lending solutions for layer-one cryptocurrency, SUI, broadening access for professional and institutional clients to the Sui ecosystem. Sygnum’s regulated product portfolio and bank-grade infrastructure provides Sui with a trusted gateway to tap into the accelerating inflows from financial institutions, banks, asset managers and High Net Worth Individuals (HNWI).

Friday, August 8, 2025 - 12:58
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/news/asset-management/sygnum-bank-announces-sui-support-clients-back-serving-banking-partner-sui
Financial IT
NEA-Backed NG.CASH Announces the Close of $26.5M Series B

NG.CASH, a consumer fintech platform built to serve Brazil’s digital-first generation, has announced the close of a $26.5 million Series B funding round. The investment was led by New Enterprise Associates (NEA) with participation from Quantum Light, the innovation-focused fund launched by Revolut founder Nikolay Storonsky, Monashees, Andreessen Horowitz (a16z), Endeavor Catalyst, 17Sigma, founded by Ualá founder Pierpaolo Barbieri who is also joining the board, and Daphni.

Friday, August 8, 2025 - 12:52
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/news/fundraising-news/nea-backed-ngcash-announces-close-265m-series-b
Financial IT
Payroc Completes Acquisition of Agilisa Technologies

Payroc today announced the acquisition of Agilisa Technologies, an API-centric payment gateway headquartered in Santo Domingo, Dominican Republic. This strategic move strengthens Payroc's position as a global leader in payment processing delivering unparalleled value to our merchants and partners.

Friday, August 8, 2025 - 12:28
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/news/payments/payroc-completes-acquisition-agilisa-technologies
Financial IT
Credit Sesame Enlists Green Dot to Enhance Sesame Cash Digital Banking Offering

Credit Sesame, one of the first platforms to provide consumers free and ongoing access to their full credit information and profile, is partnering with Green Dot Corporation to power and enhance its Sesame Cash smart digital banking service designed to help customers grow their savings. Leveraging Green Dot’s embedded finance platform, Arc, Credit Sesame will offer users access to FDIC-insured demand deposit accounts (DDAs) at launch.

Friday, August 8, 2025 - 12:24
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/news/digital-banking/credit-sesame-enlists-green-dot-enhance-sesame-cash-digital-banking-offering
Financial IT

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