ClearBank and Fiat Republic Launch First Live SEPA Indirect Product for Euro Payments
ClearBank partnered with crypto‑banking platform Fiat Republic to launch the first live SEPA Indirect product, allowing Fiat Republic to issue virtual IBANs and BICs while ClearBank handles scheme access and settlement. The service promises faster, more reliable euro payments for fintechs and digital‑asset firms without the regulatory burden of direct SEPA membership.
Mastercard Rallies Partners to Support MENA Small Businesses
Mastercard has launched the "Built Small. Moving Strong." program to help small‑ and medium‑size businesses in the Middle East and North Africa navigate war‑driven trade disruptions and rising costs. The initiative brings together banks, governments and ecosystem partners to provide...
Madison Square Garden And Kalshi Predictive Market Announce Multi-Year Partnership
Madison Square Garden Entertainment Corp. and regulated prediction‑market exchange Kalshi announced a multi‑year partnership, naming Kalshi the Official Prediction Market Partner of the arena. The sixth‑floor concourse will be rebranded as the Kalshi Concourse, featuring interactive digital activations and LED...
What Payment Leaders Had to Say at American Banker's Payments Forum
Top executives gathered at American Banker’s Payments Forum in San Francisco discussed how AI, blockchain and real‑time processing are reshaping the payments landscape. Wells Fargo highlighted that AI now drives 85 % of its new payment initiatives, enabling tokenized deposits and near‑instant settlement....
What to Expect at the AWS Financial Services Symposium: Watch theCUBE’s Exclusive On-Demand Coverage Starting May 11
The AWS Financial Services Symposium will be streamed on‑demand by theCUBE starting May 11, spotlighting how banks, insurers and capital‑market firms can build trusted, AI‑driven systems. Analysts note that 67 % of enterprises distrust their revenue data, making AI trust the new...
SEC Chair Atkins Signals New Rules for Onchain Markets, AI-Driven Finance
SEC Chair Paul Atkins announced that the agency is weighing formal rulemaking to address on‑chain trading platforms, crypto vaults and blockchain settlement infrastructure, reflecting the rise of AI‑driven finance. He argued that current securities laws do not neatly fit multi‑function...
ONDO Surges 68% in a Week Amid US Tokenization Push
Ondo Finance’s native token ONDO surged 68% over the past week, reaching $0.45 and a $2.2 billion market cap after the DTCC named the firm in its tokenization working group. The DTCC plans to begin production trades of tokenized U.S. Treasuries...
OwlTing Launches Self-Custody Wallet to Bring Regulated Stablecoin Payments to AI Agents
OwlTing Group has launched the OwlPay Agent Wallet, a self‑custody digital wallet that lets AI assistants send, receive and manage stablecoins on behalf of users. The wallet operates on Ethereum, Stellar and Solana and stores private keys locally on the...
Betterment: Up To $1,500 Investment Bonus (3 Year Hold Period)
Betterment has relaunched its tiered investing reward, offering up to $1,500 in bonus cash for new customers who deposit between $2,500 and more than $200,000 within 45 days of opening an account. The bonus scales across six tiers, with the...
Ripple CTO Dismisses Bank Adoption Concern, Cites Business Logic
Ripple’s chief technology officer David Schwartz answered a crypto‑investor’s question about whether banks would adopt XRP simply because it would make Ripple the world’s most valuable financial institution. In a one‑sentence reply, Schwartz said the profit motive alone isn’t enough...
Muni Market Continues to Adopt Electronic Trading
Electronic trading of municipal bonds hit a new high in Q1 2026, with 21 % of total muni volume executed electronically, up from 20 % the prior quarter. The uptick reverses the usual seasonal dip and signals accelerating adoption across both the buy‑side...
10x Banking and Tweezr Partner to Speed Core Migration
10x Banking has teamed up with deterministic AI specialist Tweezr to streamline core banking migrations. Tweezr’s tooling analyzes legacy source code, exposing hidden business rules, dependencies, and data flows, giving banks a transparent view of their existing estates. Combined with...
Threads Drives Massive Payments with Minimal Costs
- 378M users - $7.2B global payments volume - $38M revenue per employee Dirt cheap
ECB's Lagarde’s Digital Euro Warning: Why Europe Shouldn’t Just Copy the U.S. Stablecoin Model
ECB President Christine Lagarde cautioned that the $310 billion stablecoin market, dominated by U.S. dollar‑pegged tokens, poses systemic risks that could spill over into asset markets during stress. She argued Europe should not replicate the private stablecoin model but instead develop...
![[Update] Zaggle Revises DICE Deal Structure, Cuts Acquisition Cost To ₹68 Cr](https://inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2024/12/zaggle-MA-social-.png)
[Update] Zaggle Revises DICE Deal Structure, Cuts Acquisition Cost To ₹68 Cr
Zaggle has restructured its planned acquisition of DICE, lowering the purchase price to roughly ₹68 crore (about $8.2 million) from the earlier ₹123 crore estimate. The revised deal targets only DICE’s AI‑enabled spend‑management platform, its intellectual property, enterprise contracts and about 100 technology...
Flipkart, Axis Bank, PayU Launch Biometric Card Authentication, Ditching SMS OTPs
Flipkart, Axis Bank and payment gateway PayU have deployed a fingerprint and Face ID based authentication system for card purchases on Flipkart, eliminating the need for SMS one‑time passwords. The device‑bound solution, built on Axis Bank’s Wibmo platform, aims to curb...
AI Tools Reshape Retirement Planning Amid Savings Shortfall
Around 20% of Americans now rely on AI chatbots for financial advice, and half of those who use AI at work also turn to it for retirement planning. Experts say AI can run Monte Carlo simulations and generate basic projections, but...
Defunding the State: Squeezing the Eurodollar with Bitcoin’s Taproot Assets and L3 Logic.
The post argues that by early 2026 legacy stablecoins have been neutralized as governments merge them with CBDCs, effectively ending the fiat‑backed digital bridge for crypto users. It warns that the state’s next move is to strangle the parallel economy’s...
FinTech Futures: Top Five News Stories of the Week – 8 May 2026
Long Lake Management agreed to buy American Express Global Business Travel for $6.3 billion in an all‑cash deal funded by equity from its investors and debt from major banks. PayPal announced a three‑division operating model designed to save about $1.5 billion over...
Eye on POS: Square Counts 140 ISO Partners; Toast Locations Increase 22%
Square, Block Inc.’s payments arm, reported a 13% rise in first‑quarter payment volume and highlighted partnerships with more than 140 independent sales organizations (ISOs), delivering a 200% quarter‑over‑quarter surge in new sellers. Overall gross payment volume grew 8.2%, while Cash...
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Exito Announces 2026 BFSI Innovation & Technology Summit
Exito Media Concepts announced the 2026 BFSI Innovation & Technology Summit in Johannesburg for June 10, 2026. The event will gather more than 200 senior technology leaders—CTOs, CIOs, CISOs—from South Africa’s banks, insurers and financial services firms. Under the theme “Recalibrating South...
Fino Payments Bank April Update: Deposits Cross ₹2,800 Crore, Loan Referral Business Triples
Fino Payments Bank posted a 13% year‑on‑year rise in total deposits to ₹2,801 crore (about $338 million) in April 2026, while its loan‑referral disbursements jumped to ₹166 crore (~$20 million), more than tripling the prior year. Despite the deposit and loan‑referral gains, profit after...
AR Automation: Cutting Through the Hype
Bob Schultz talks with Chris Capron, the founder of Sephora Software, about the rapid shift in accounts receivable (AR) automation driven by AI. Capron argues that legacy vendors are nervous because AI tools like Claude and Vibe coding can replace...
Solv Protocol Shifts $700M Tokenized Bitcoin Portfolio to Chainlink CCIP, Deprecates LayerZero Bridges
Solv Protocol announced a full migration of its $700 million tokenized Bitcoin products, SolvBTC and xSolvBTC, to Chainlink’s Cross‑Chain Interoperability Protocol (CCIP). The shift follows a security audit that deemed LayerZero bridges too risky, prompting the deprecation of those bridges on...
FinTech Funding Remains Strong in Healthy Week for FinTech Deals
FinTech funding remained robust this week, with $814 million raised across 17 deals, mirroring the previous week’s activity. InsurTech led the sector, accounting for four transactions, highlighted by Kin Insurance’s $335 million catastrophe bond and Corgi’s $160 million Series B that pushed it to...
Signal Labs
Signal Labs is creating an AI‑first "attention infrastructure" that filters and prioritizes signals for large, multi‑party organizations. Its inaugural product, SignalOS, tackles the fragmented U.S. healthcare payment stack by automating claim, authorization and clinical data coordination. Founder Raj Ronanki, former...
Currenxie Launches EEA Accounts to Power SME Global Trade
Currenxie, a borderless‑business fintech, secured an Electronic Money Institution licence from the Central Bank of Ireland and launched a multi‑country, multi‑currency business account across the European Economic Area. The new EEA offering gives SMEs instant local collection and payout capabilities...
ANNA Money Launches Business Savings Account for SMEs
ANNA Money, the AI‑driven UK business‑banking platform, has introduced a new business savings account in partnership with Griffin Bank. The account provides FSCS protection up to £120,000 (about $152,000) and a promotional 3.66% variable AER for the first three months,...
DBS Group: Putting AI Into The Bank’s DNA
DBS Group reported record financial results in 2025, with total income of S$22.9 bn (≈$18 bn) and profit before tax of S$13.1 bn (≈$9.7 bn), driving its market capitalization past $100 bn and closing the year at $124 bn. The bank scaled its AI engine to...
OTP Bank: Becoming AI And Data Literate
OTP Bank posted a return on equity above 20% and a €118 billion ($129 billion) balance sheet in 2025, with more than 70% of profit now generated outside Hungary. Double‑digit loan‑book growth across eleven markets underpinned the results, and the bank aims...
PayPal Rebrands as Tech Company, Embraces AI
PayPal says it’s ‘becoming a technology company again’ — that means AI 🤖 💬 PayPal is looking toward the future, despite its falling stock and looming layoffs. In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs...
DeFi United Shows Code Isn't Always Law
The moment that stuck with me from @DEXintheCityPod: a non-crypto FinTech exec heard about DeFi United and asked, 'I thought code is law.' @kkirkbos @TuongvyLe12 and Jessi Brooks on what it means when it can. https://t.co/0e1ITmym8E
Rocket Companies Posts $2.94B Q1 Revenue, Boosts AI Prospecting to Add $1B Monthly Volume
Rocket Companies posted $2.94 billion in total revenue for Q1 2026, topped the top end of its guidance and announced AI prospecting that adds roughly $1 billion of loan volume each month. The Detroit‑based home‑ownership platform highlighted a $9.4 billion liquidity cushion and a...
London Urges UK Tech to Build Digital Verification Network
City of London calls UK tech firms to set up digital verification network https://t.co/oBpIOdWJWW This is exactly what was proposed by the TechUK/APAC working group that I co-chaired approximately a thousand years ago (it feels like). https://t.co/0MqQctxXpK
Regulators Must Use Crypto to Craft Effective Policies
Government officials need to be able to hold Bitcoin. Hold stablecoins. Open a crypto account. 🪙 If the people writing the rules can't use the thing, you don't get good policy. You get policy written by tourists. ~ Faryar Shirzad view https://t.co/Mwr3RXyd81
IIFL Home Loans Taps Sumit Chadha as CTO to Accelerate Digital Mortgage Platform
IIFL Home Loans has named Sumit Chadha as its new chief technology officer. Chadha brings more than two decades of experience in digital transformation, lending technology and micro‑services architecture, positioning the lender to scale its digital mortgage services amid intensifying...
Banks Deploy Aggressive Strategy to Tackle Stablecoins
"The banks have a pretty comprehensive strategy against stablecoins. They're not going to let this issue rest." 🏦 https://t.co/Mwr3RXyd81
Stablecoin Yield Battle Continues, Threatening Rewards Programs
The stablecoin yield fight in the Clarity Act may not be over yet. Coinbase's Faryar Shirzad (@faryarshirzad ) on what the banks lost with the current compromise, and why staking rewards, points, and loyalty programs could be in the crosshairs. Today at...
Stablecoins Have Their 'Permission Slip.' Now Comes the Hard Part.
At Consensus Miami 2026, executives from MoonPay, Ripple and Paxos said the GENIUS Act has given stablecoins a regulatory “permission slip,” accelerating institutional interest. While cross‑border payments can become near‑instant, stablecoins still represent a tiny slice of global remittances, projected...
Web3 Leaders Convene at Cannes to Shape DeFi Future
JUST IN: On April 2, during EthCC week, Cointelegraph Connect: Cannes Edition gathered Web3 experts to discuss DeFi, RWAs, infrastructure, startups, and the industry's future.
UBA, MoMo PSB and Redtech Launch Pan‑African Payment Interoperability Platform
United Bank for Africa (UBA), mobile‑money arm MoMo PSB and tech firm Redtech signed a partnership that integrates MoMo wallets into UBA’s merchant‑acquiring network via RedPay. The deal opens more than 55,000 UBA locations to “Pay with MoMo” and builds...
Apis Partners Closes $1.23 B Fund III, Doubling Size of Prior Vehicle
Apis Partners announced the final close of its Global Growth Fund III and Growth Markets Fund III at $1.23 billion, more than double the $563 million raised for Fund II. The round closed 23% above target, driven by over 70% of existing...
Affordable American Insurance Hires Eddie Floyd as President of Retail Agency Division
Affordable American Insurance (AAI) announced Eddie Floyd, CIC, as President of its Retail Agency Division. Floyd brings 25+ years of insurance leadership to help scale AAI’s agency platform across 40 states, underscoring the firm’s push to deepen its insurtech footprint.
PARTech Revenue up 19% and Other Digital Transactions News Briefs From 5/8/26
PAR Technology reported first‑quarter revenue of $124 million, a 19.3% year‑over‑year rise driven by a 15% jump in subscription services, while narrowing its loss to $16.2 million. Fiserv opened its first Clover manufacturing plant in Brazil, marking a foothold in the Americas....
Inside the Growth of First-Party Fraud
First‑party fraud—where customers themselves commit scams such as de‑shopping and lost‑in‑transit returns—is exploding as e‑commerce scales. The practice has moved from isolated incidents to a systemic threat that drains merchant revenue and inflates operational costs. Fraudsters are leveraging artificial intelligence...
Anthropic Just Released 10 Finance Agents. Installing Month End Closer
Anthropic launched a marketplace of ten finance‑focused agents for its Claude model, featuring a Model Builder for FP&A and a Month‑End Closer designed to automate the most labor‑intensive part of the close process. In a pilot using a March 2026 Born2Cycle...
Align Front and Back-End Systems to Accelerate Growth
If your onboarding process is slow, your growth is already constrained. In this episode, I explore why aligning front and back end systems is critical to improving customer experience. 💡 Watch the full episode: https://t.co/5dcOvVfGgn https://t.co/LX3PcJWk9b
Slightly Emerging Yet Stagnant: The Fintech Ecosystem of Cuba
Cuba’s fintech ecosystem remains tiny and state‑driven, with fewer than ten identifiable initiatives, most of which are extensions of government banking or payment platforms. Digital wallets such as Transfermóvil and EnZona have modestly expanded, driven by cash shortages, inflation and...
India Plans to Replace Highway Toll Plazas with Automated Distance-Based Collection System by 2026
India’s transport ministry announced that by the end of 2026 all physical toll plazas will be replaced with a Multi‑Lane Free Flow (MLFF) system that charges drivers based on distance travelled. The automated solution will use number‑plate recognition and FASTag‑linked...
AWS Predicts AI Agents Will Handle Future Payments via Micropayments
AWS knows AI agents will be making payments for us in the future – and the first step starts with agent-to-agent micropayments. https://t.co/f4Zs4F5JlV