Fintech

Swiss-based fintech Taurus has expanded its collaboration with core banking vendor Temenos to help banks quickly deploy full-scale digital asset services. This partnership marks the first integration of Taurus’ Taurus-PROTECT custody solution into the Temenos Core banking platform, enabling banks to manage digital assets directly within their core banking systems. With global demand for digital assets reaching new heights, […]

Buy now, pay later has emerged as one of the most transformative innovations in the payments industry in recent years. While no longer considered a new technology, financial institutions like Citi continue to find novel ways to integrate the tech into their offerings. Citi has incorporated BNPL into its Citi Pay suite of services, launched […]

As the world moves toward a cashless society, the digital payments revolution is reshaping how businesses and consumers interact. Southeast Asia (SEA) stands at the forefront of this transformation, with its digital economy projected to hit US$100 billion by 2023. This projection, based on the e-Conomy SEA 2023 report by Google, Temasek, and Bain & […]

The Consumer Financial Protection Bureau (CFPB) recently passed new regulations that grant it expansive oversight over digital wallet and payment apps, such as Venmo and Apple Pay, effectively treating these companies as traditional financial institutions. The CFPB’s rule takes a one-size-fits-all approach with a low threshold for covered companies, stifling innovation in digital payments while […]

Buy now, pay later firm Sezzle’s shares plunged on Wednesday after Hindenburg Research disclosed a short position, citing risky lending practices alongside a decline in customers and merchants. The company, however, denied these allegations, calling them “misleading and out of context”, and said they “remain confident” in the outlook that was provided in conjunction with […]

Stablecoin infrastructure provider BVNK has secured $50m in a Series B funding round, to facilitate its expansion within the US. The investment was led by Haun Ventures and saw contributions from Coinbase Ventures, Scribble Ventures, DRW VC, Avenir, and Tiger Global. The company raised $40m in Series A funding which was led by Tiger Global […]

Mastercard has joined forces with the Bank of Punjab (BOP) to enhance the bank’s proposition across consumer debit and credit, affluent portfolio, and loyalty offerings. The collaboration seeks to transform the bank’s digital ecosystem and its customers’ digital experience. Customers of BOP’s priority banking program, KHAAS, will now benefit from Mastercard’s World and World Elite […]

Mastercard and Dgpays collaborate to enhance digital payments, fostering innovation, inclusion, and financial growth across EEMEA. Mastercard has announced a strategic partnership with Dgpays, a leading financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across Eastern Europe, the Middle East, and Africa (EEMEA). As part of the partnership, […]

Fi Money, India’s newborn, has partnered with eCommerce enabler GoKwik to enable instant card-based discounts on D2C brands. As the banking landscape continues to evolve rapidly, Fi Money acknowledges the importance of venturing deeper into the D2C realm to meet the changing needs of digital-savvy customers. Fi Money will integrate its Fi Federal Debit Card […]

Mastercard forecasts transformation in authentication, fraud prevention and B2B transactions as cybercrime risks reach US$10tn by 2025 As global cybercrime threats loom ever larger, Mastercard has unveiled plans to reinvent digital payments security through a combination of artificial intelligence and advanced authentication systems. The payments giant’s vision extends far beyond conventional security measures, encompassing a fundamental reshaping […]