Ripple Receives FCA Permissions To Scale Ripple Payments in the UK
- 3 months 2 weeks ago
- Payments
Ripple, a financial technology company that offers crypto solutions for businesses, has today announced a major regulatory milestone, securing approval of its Electronic Money Institution (EMI) licence and Cryptoasset Registration from the UK’s Financial Conduct Authority (FCA). These permissions allow Ripple to expand its licenced payments platform, giving UK institutions the ability to send cross-border payments, using digital assets,...
Mastercard’s Study Found That 92% of SMEs That Accept Digital Payments Save Time And Money
- 3 months 2 weeks ago
- Payments
Mastercard, the global technology company in the payments industry, has released its latest research report, SMEs: The Digital Payments Adoption Landscape in Latin America and the Caribbean. The study reveals how small and medium-sized enterprises (SMEs) are leveraging digital payme
Snowflake Announces Intent To Acquire Observe To Deliver AI-Powered Observability At Enterprise Scale
- 3 months 2 weeks ago
- Artificial Intelligence
Snowflake, the AI Data Cloud company, today announced it has signed a definitive agreement to acquire Observe, a leader in AI-powered observability. With this acquisition, Snowflake will deliver the next generation of AI-powered observability, built on open standards and designed for the scale, complexity, and economics required by modern AI-driven enterprises.
Covr Introduces New CEO And CDO To Guide Company Through Next Phase Of Growth
- 3 months 2 weeks ago
- People Moves
Covr Financial Technologies, an award-winning provider of digital insurance solutions, today announced the appointment of two senior executives to its leadership team: Sam Barnett as Chief Executive Officer (CEO) and Bob Klein as Chief Distribution Officer (CDO). Barnett and Klein founded VIBE Insurance Services together, and their VIBE team will be acqui-hired by Covr as part of the leadership transition.
Bringing the “G” to LAS: GLAS Signs Agreement to Acquire LAS
- 3 months 2 weeks ago
- Infrastructure
Global Loan Agency Services (GLAS), the premier independent provider of institutional debt administration services, has completed their acquisition of Loan Agency Services (LAS), Italy’s leading debt administration provider. This marks GLAS’ fifth European and tenth global jurisdiction, with complementary transactions in France, Hong Kong and Singapore taking place in the last 18 months.
Rain Raises $250M Series C To Scale Stablecoin-Powered Payments Infrastructure for Global Enterprises
- 3 months 2 weeks ago
- Fundraising News
Rain, the enterprise-grade infrastructure for stablecoin-powered payments, today announced a $250 million Series C funding round led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst. The round values Rain at $1.95 billion, brings the company's total funding to over $338 million, and comes just four months after its Series B and 10...
HabitTrade Raises Nearly $10M in Series A To Accelerate Global Expansion
- 3 months 2 weeks ago
- Fundraising News
HabitTrade has completed a Series A funding round of nearly $10 million, led by Newborn Town Inc., with participation from Bright Venture Capital, StableStock, and other investors. The proceeds will be used to strengthen brokerage services, enhance compliance and risk-control capabilities, and support global market expansion.
Majesco Closes Acquisition of Vitech, Advancing Cloud And AI-Native Innovation for Insurance and Pension & Retirement
- 3 months 2 weeks ago
- Insurtech
Majesco, a leader in cloud-native and AI-native insurance technology for the P&C and L&AH markets, today announced the close of its previously announced acquisition of Vitech, a provider of cloud-native pension and benefits administration solutions. The transaction expands Majesco’s leadership into the Group & Benefits and Pension & Retirement segments and strengthens its position as the category leader for next-generation core...
Zodia Custody Expands Digital Asset Offering as First Custodian To Support AUDM Stablecoin
- 3 months 2 weeks ago
- Asset Management
Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, today announced that it is the first global custodian to offer custody support for AUDM, the Australian dollar-backed stablecoin issued by Macropod – Australia’s first licensed stablecoin issuer.
PensionBee Urges Action To Close the Growing Gap Between Retirement Expectations And Reality
- 3 months 2 weeks ago
- Personal Finance
PensionBee, a leading online retirement savings provider, has warned that millions of people in the UK are heading towards retirement incomes far below what is commonly understood to be adequate, in its response to the All-Party Parliamentary Group (APPG) call for evidence on Income in Retirement.
Insurity Appoints Jatin Atre As President To Accelerate AI-Powered Growth
- 3 months 2 weeks ago
- People Moves
Insurity, one of the largest software providers to the property and casualty insurance industry, today announced the appointment of Jatin Atre as President. Atre will lead the company’s growth strategy and AI-powered transformation of its policy, billing, claims, and analytics platforms, enabling insurers to automate complex processes, unlock data-driven insights, and compete more effectively in a rapidly evolving market.
ITRS Acquires IP-Label to Strengthen Digital Experience Monitoring Capabilities and Expand European Presence
- 3 months 2 weeks ago
- Infrastructure
ITRS, a leading provider of real-time IT monitoring and observability solutions for financial services and regulated industries, today announced it has signed a definitive agreement to acquire IP-Label, a premier Digital Experience Monitoring (DEM) provider headquartered in France. The acquisition strengthens ITRS's DEM capabilities and significantly expands its European market presence.
Paychex And PayPal Team Up To Bring Direct Deposit Alternatives Into Paychex Flex® Perks
- 3 months 2 weeks ago
- Payments
Paychex, Inc., an industry-leading human capital management (HCM) company, announced today a new partnership with PayPal within its Paychex Flex® Perks platform, Paychex’s digital marketplace of curated employee benefits. Through this collaboration, employees of Paychex customers have the ability to easily set up PayPal Direct Deposit, providing up to two-day early access to their paychecks.
Fiserv Collaborates with Microsoft To Accelerate AI-Driven Innovation
- 3 months 2 weeks ago
- Artificial Intelligence
Fiserv, Inc., a leading global provider of payments and financial services technology, today announced a strategic collaboration with Microsoft to accelerate innovation by further embedding AI into Fiserv development platforms and empowering its global workforce with AI. The collaboration will boost internal productivity at Fiserv and deliver AI-driven solutions that create greater value for Fiserv clients, including financial institutions,...
Todd Klessman Joins SIFMA as Managing Director, Financial Services Cyber & Technology
- 3 months 2 weeks ago
- People Moves
SIFMA today announced Todd Klessman has been hired as Managing Director, Financial Services Cyber & Technology. In this role, he will serve as a staff advisor for Business Continuity Planning and Cybersecurity and will also provide support for the Operations and Technology Committee. His responsibilities will include identifying and addressing key business, risk, and regulatory issues for the financial services industry and advocating the...
