DTCC’s FICC Enhances VaR Calculator Capabilities, as Firms Prepare for the U.S. Treasury Clearing Requirements

• 1 month 1 week ago
• Infrastructure

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of enhancements to its interactive, public-facing Value at Risk (VaR) calculator adding cross-margining and repo transaction functionalities. These enhanced risk tools are intended to support firms as they prepare for the expansion of U.S. Treasury Clearing in 2025 and 2026.

PXP Financial Partners With US Payments Company North

• 1 month 1 week ago
• Payments

PXP Financial, experts in global acquiring, payment, fraud and data analysis services, today announces a new partnership with North. Founded in 1992, North builds payment technologies that power businesses and organizations – from point of sale to eCommerce and payment APIs, backed by in-house processing.

Klarpay AG to Rebrand as Bivial AG

• 1 month 1 week ago
• Payments

Klarpay AG, a leading fintech providing modern Swiss accounts and global transactional banking, is excited to announce that it will officially rebrand to Bivial AG in the coming weeks. The new name reflects the company's evolving vision and core values while incorporating a personal touch—the initials of its founders.

Bitget Restarts UK Operations in Compliance with FCA Guidelines

• 1 month 1 week ago
• Cryptocurrencies

Intesa Sanpaolo and BlackRock Partner to Develop Digital Wealth Management in Europe

• 1 month 1 week ago
• Wealth Management

Fideuram Intesa Sanpaolo Private Banking (FISPB) – the private bank of the Intesa Sanpaolo Group – is set to accelerate the growth of its Digital Wealth Management offering in Italy and across Europe, in collaboration with BlackRock, the world’s leading asset manager.

Equifax UK Launches First-of-Its-Kind Affordability Solution for Lenders

• 1 month 1 week ago
• Lending

Credit reference agency Equifax UK has launched a first-of-its-kind solution for lenders, combining bureau insights with real-time transaction data accessed via Open Banking and statistical estimates to boost affordability assessments and customer outcomes.

Blink Payment Enters B2B Fashion Payments With Zedonk Partnership

• 1 month 1 week ago
• Payments

Blink Payment, a UK paytech platform that offers businesses seamless digital payment solutions, today announces its entry into B2B fashion payments through integration with ERP Zedonk, in a move that will enable more than 1,000 leading fashion brands and showrooms to streamline their buyer payments.

Young Adults Struggle With Financial Confidence and Understanding as Older Generations Lead the Way

• 1 month 1 week ago
• Personal Finance

New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a stark generational divide in financial confidence and knowledge across the UK.1   Younger generations, particularly Gen Z, reveal lower levels of financial competence, with only 26% able to correctly calculate compound interest and just 35% understanding how savings accounts work. In contrast, 47% of Baby Boomers were able to correctly calculate...

Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study

• 1 month 1 week ago
• Payments

Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement, and the general public – and new developments in cross-border payments may be making it easier. A new study by The Payments Association, the UK’s community and advocate for the payments industry, highlights how the speed and anonymity of cross-border payments, and the global patchwork of different...

Chetwood Bank Appoints Philip Jenks as Non-Executive Director

• 1 month 1 week ago
• People Moves

Philip Jenks, who has held leadership roles in the financial services industry for more than 50 years, has been named as a non-executive director (NED) for Chetwood Financial Limited, trading as Chetwood Bank.

Capital.com Announces New Regional Structure to Support Sustained Growth

• 1 month 1 week ago
• Infrastructure

Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1trn in 2023, today announces a new regional leadership model to better support rapid growth and innovation across key markets in which it is regulated. In Q1 2024 the Board of Directors approved plans for Capital.com to transition to a regionally focused model. Each jurisdiction of the Group’s operations will be overseen by a standalone...

Bitso Enables Bitcoin Transactions via Lightning for All Its Customers

• 1 month 1 week ago
• Cryptocurrencies

Bitso — Latin America's leading crypto-powered financial services  company — has enabled the ability to send and receive bitcoin via the Lightning network for its more than  8 million users in the region. In this way, Bitso strengthens the resources that allow cryptocurrencies to be  used in use cases such as local payments, cross-border transactions, and remittances. 

Redgate Launches Presence on Cloud Marketplace: Portfolio Offerings Now Available to Buy via AWS Marketplace

• 1 month 1 week ago
• Cloud

Redgate, the end-to-end Database DevOps solution provider, today announced that its core solutions are now listed in Amazon Web Services (AWS) Marketplace.

Visa Flexible Credential Goes Global: Transforming the Card for a Digital Future

• 1 month 1 week ago
• Payments

For years, the card didn’t change. Built for an analog world, one card for one type, debit or credit. The Visa Flexible Credential has fundamentally changed that, allowing people to pay from different account funding sources with a single card. Today, Visa (V: NYSE) announced that the Flexible Credential is expanding to the U.S. and will be rolling out with Affirm, and in the United Arab Emirates with Liv, giving millions more people greater...

Nubank Reaches 100 Million Customers in Brazil

• 1 month 1 week ago
• Banking

Nubank has reached 100 million customers in Brazil, a number that represents 57% of the adult population in the country. In May, Nu had already reached this milestone globally.