FOMO Pay, the Singapore-headquartered major payment institution, announces that it has become an official SWIFT member and obtained its own Business Identifier Code (BIC), also known as SWIFT Code: FOMPSGSG.

The world of fintech is constantly and rapidly evolving. The ubiquity of smartphones has allowed startups to revolutionize finance with real-time payments and peer-to-peer lending, while AI-driven algorithms change the face of investment and portfolio management. Successful fintechs are democratizing access to finance by bringing historically unbanked people into the financial system and enabling cheaper, real-time access to credit compared to traditional banking. 

As the year winds down, reflecting on fintech news' highs and lows is appropriate. 

Despite the market downturn, Indian fintech Money View announced on Monday that it has received $75 million in a fresh investment round, its second this year, as it seeks to scale its core credit business and develop additional products for the South Asian market.

FX Back Office, a renowned CRM software for forex brokers, is now fully integrated with Match-Trader, the award-winning platform created by Match-Trade Technologies.

Nova banka a.d. Banja Luka has partnered with UnionPay to roll out UnionPay’s virtual card solution in Bosnia and Herzegovina via TIZI wallet, a universal e-wallet that will make mobile contactless payment available on its Android app through host card emulation (HCE).

2022 was a year of unprecedented changes and struggles in the financial markets. For the international broker OctaFX, it was a year full of hard work that helped achieve several significant milestones and make investing more accessible for many people around the world. Here's what 2022 was all about for the broker.

Crypto trading seven days a week

Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”), a digital fintech group powered by blockchain technology, today announced that on December 23, 2022, in connection with its private investment in public equity financing (the “PIPE”), it entered into a Securities Purchase Agreement (the “SPA”) with an accredited non-U.S.

Digital Asset Research (DAR), an industry-leader in cryptocurrency exchange vetting, today announced five best practice areas that institutions should consider when conducting diligence on crypto exchange platforms. Since 2017, DAR has completed quarterly reviews of 450+ crypto exchanges to identify venues that meet institutional standards, with the latest evaluation qualifying 19 Vetted Exchanges and 9 Watchlist Exchanges.

Zurich, 26 January 2022 – Today, UBS and Wealthfront, an industry-leading, automated wealth management provider serving the next generation of investors, signed an agreement whereby UBS would acquire Wealthfront in an all-cash transaction valued at $1.4 billion. Through this acquisition, UBS will accelerate its growth ambitions in the US, broaden the firm’s reach among affluent investors and expand its distribution and capabilities.