Bitget, the leading cryptocurrency exchange and Web3 company, has officially released conversion payout feature that allows users to instantly convert crypto assets such as Bitcoin (BTC) and Ethereum (ETH) into fiat and deposit the funds directly to their Visa or Mastercard. This rollout significantly reduces the time and complexity typically associated with off-ramping, offering a faster and more secure alternative to bank transfers and peer-to-peer transactions.

Cytora has launched an industry-first new release for its digital risk processing platform that will enable insurance professionals to completely automate  pre-decisioning workflows.  

BVNK, the global stablecoin infrastructure provider, today launched Smart Treasury, an AI-enabled system for managing stablecoin liquidity in real-time. The feature is now available to customers on Layer1, BVNK’s self-managed stablecoin platform. 

Smart Treasury is built to solve a growing challenge: how to manage funds efficiently across blockchain networks, venues, and wallets, without 24/7 manual oversight. 

Glassbox, a leading provider of digital experience analytics for financial institutions, today announced a minority investment from Poalim Equity, the investment arm of Bank Hapoalim, Israel's largest financial group. The investment marks a new chapter in the partnership between the two companies and will fuel Glassbox's next phase of innovation, accelerating the development of advanced analytics and AI solutions purpose-built for financial institutions.

Mastercard has today released its latest whitepaper, Harnessing the transformative power of AI in Africa, a pan-African study of the continent’s readiness, opportunity and roadmap for responsible artificial intelligence (AI) adoption. The whitepaper provides detailed insights into how AI—if deployed responsibly and inclusively—can unlock transformative outcomes across the continent’s major industries, including agriculture, healthcare, education, energy and finance.

Marqeta, Inc. , the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced the successful completion of its acquisition of TransactPay, a BIN Sponsorship provider that is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area.

Bank of America has named Christine Williams, Retail Banking business control executive, president of Myrtle Beach.

As president and head of the market, Christine will connect clients, teammates, and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. She will oversee the company’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships.

Nuvei today announced that Chow Sang Sang Holdings International Limited (HKEX: 116), one of the most iconic jewelers in Greater China, has selected its global payments platform to drive the next phase of its international growth, staring with expansion into North America.

CLS, a financial market infrastructure group delivering settlement, processing and data solutions across the global FX ecosystem, announced today that OTP Bank Plc. (OTP Bank), has joined CLSSettlement as a settlement member. The Hungarian credit institution is the second new settlement member to join this year, bringing the total number of settlement members to 75.

Luigi Marciano, founder of Objectway, a leading provider of software and services to financial institutions across Europe, North America and the Middle East, along with Objectway’s management team and international private equity firm, Cinven, today announced an agreement under which Cinven will make a majority investment in Objectway. Luigi Marciano will remain a significant shareholder alongside Cinven, and continue in his role as CEO and Chair.