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/crypto

Dfns secures $16 million tto expand crypto wallet infrastructure

Dfns, the leading wallet-as-a-service platform for crypto assets, has successfully closed a $16 million Series A, led by Further Ventures, the venture arm of Abu Dhabi’s largest sovereign wealth fund, ADQ.

/payments

China's XTransfer granted payment licence in Singapore

XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS).

/regulation

CFPB sues Capital One for cheating consumers out of more than $2 billion in interest payments

Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest.

/retail

Sage Capital Bank selects Apiture to support mobile and digital banking

Apiture, a leading provider of digital banking solutions, today announced that Sage Capital Bank, an independent community financial institution serving customers in central Texas, has selected the Apiture Digital Banking Platform to power its online and mobile banking.

/wholesale

Versana unpacks new reconciliation module

Versana today announced the launch of its leading-edge reconciliation solution, an add-on module to its centralized digital data platform.

/people

Etrading Software appoints Stephane Malrait as chair of consolidated tape advisory group

Etrading Software (ETS), the global regulatory data provider, today announces the appointment of Stephane Malrait as chair of its Industry Stakeholder Group (ISG) on the Consolidated Tape (CT) with immediate effect.

/payments

International Financial Corporation closes $20 million investment in Zepz

Zepz, the Group powering global remittance brands WorldRemit and Sendwave, has announced that the International Finance Corporation (IFC), a member of the World Bank Group, has closed its $20 million equity investment in the company.

/wholesale

Validis scores investments from Citi and Barclays

Validis, a market leader in financial data collection and standardization, today announced strategic investments from Citi and Barclays.

/payments

Klarna doubles number of new merchants in Q1 thanks to Stripe integration

Klarna, the AI-powered global payments network and shopping assistant, has strengthened its global partnership with Stripe, a financial infrastructure platform for businesses.

/payments

CFPB research reveals heavy BNPL usage among consumers with high credit sccores and multiple loans

Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores.

/wholesale

Paragon Bank selects Alfa to replace legacy systems for SME lending

Paragon Bank has announced the selection of Alfa to power a new Commercial Lending Transformation Programme, replacing its legacy systems and streamlining the end-to-end lending process.

/regulation

BIS Innovation Hub sets out 2025 work programme

The BIS Innovation Hub aims to foster international collaboration on innovative financial technology within the central banking community.