EGR Launch Unrelated to PM Modi’s Call to Avoid Gold Buying, Product Planned Months Ago: NSE’s Sriram Krishnan
The National Stock Exchange launched its Electronic Gold Receipts (EGR) platform on May 4, a product conceived months before Prime Minister Narendra Modi’s call to curb gold purchases. NSE’s Sriram Krishnan emphasized that the launch is independent of the political appeal, though both share the goal of reducing India’s gold imports. EGR seeks to dematerialise idle domestic gold, creating a unified market that could lower import demand by 100‑200 tonnes in its first year. Stakeholders have responded positively, and the product is expected to appear on brokerage platforms within the next few months.
S&P Warns Stablecoin Surge Could Redraw U.S. Bank Payments and Deposits
S&P Global Ratings released a Credit FAQ warning that the $300 bn stablecoin market, dominated by two issuers, could fundamentally alter U.S. bank payment flows and deposit composition. The agency says regulatory choices under the 2025 GENIUS Act will determine how...
Ramp Secures $750 Million to Accelerate AI‑Driven Spend Management Platform
Ramp announced a $750 million Series F round that pushes its valuation to $44 billion, funding the rollout of AI‑focused spend‑management tools. The New York‑based fintech aims to help companies track and control AI‑related expenses as corporate finance undergoes a structural shift.
Mastercard Enables 24/7 Settlement on Polygon Blockchain
Mastercard announced today that it has extended its settlement infrastructure onto the Polygon blockchain, allowing merchants to settle payments around the clock, including nights, weekends and public holidays. The move targets the long‑standing cash‑flow lag caused by traditional banking schedules...
Most Robo-Advisers Will Never Profit From Wall Street’s AI-Generated Stock Picks
Retail robo‑advisors excel at low‑cost tax‑loss harvesting, portfolio discipline and behavioral nudges, but they do not deliver market‑beating returns. AI can continuously rebalance and cut fees, yet its predictive power falters when faced with news‑driven sentiment and sudden macro shocks....
Meta Is Paying Creators in Stablecoins. Spending Them Is Someone Else's Problem
Meta will begin paying creators in USDC across Colombia, the Philippines and eventually over 160 countries, marking a major shift for a company that disburses roughly $3 billion annually. The on‑chain settlement is near‑instant and virtually fee‑free, bypassing traditional banking rails....
Travala Unveils AI-Powered Booking Protocol That Eliminates Checkout Pages
Singapore‑based travel platform Travala rolled out Travel MCP, an AI‑powered hotel booking protocol that lets agents search, reserve and pay for stays using USDC on Coinbase’s Base network. The system covers more than 2.2 million properties and charges roughly $0.01 per...
Aave V3 Enables Capital-Free Collateral & Debt Swaps
During volatile times like these we get few questions about the position swap features on Aave interface and what you can do 1. Collateral swap This allows users to swap their collateral to another collateral while borrowing without needing the capital to...
RBI Names Sahamati SRO, Cementing Governance of India's Account Aggregator Network
The Reserve Bank of India has officially recognized Sahamati as the Self‑Regulatory Organisation for the country's Account Aggregator ecosystem. The move creates an industry‑led governance layer for consent‑based financial data sharing, a cornerstone of India's open‑banking push.
Oscilar Unveils AI Agent Hub to Transform Fraud, AML and Risk Ops
Oscilar has rolled out Agent Hub, a unified platform of more than 30 AI agents that automates fraud detection, AML compliance and credit risk workflows for financial institutions. The suite promises to shrink policy‑update cycles from weeks to minutes as...
BancNet Eyes Future-Ready Network
BancNet reported a surge in digital payments, processing 5.67 billion transactions in 2025—more than double 2024’s volume—and handling roughly $288 billion in transaction value. InstaPay accounted for 82% of the traffic, with QR Ph dominating merchant payments. Financially, gross revenue rose 42.8% to...
UK FCA Launches Competition Act Probe Into Mastercard, PayPal and Visa
The UK Financial Conduct Authority announced investigations into Mastercard, PayPal and Visa under the Competition Act 1998, focusing on alleged anti‑competitive practices linked to PayPal’s digital wallet. The probe covers Chapter I agreements and Chapter II abuse of dominance, with evidence‑gathering now...
DTCC Links Tokenized Securities Platform to Stellar, Paving Way for Blockchain Stock Settlement
The Depository Trust & Clearing Corporation announced on May 27 that its tokenized securities platform will connect to the Stellar public blockchain, with limited production trades slated for July 2026 and a broader rollout in October 2026. Full DTC‑custodied assets...
GoCardless Unleashes ‘Recurring Pay by Bank’ to Challenge Visa and Mastercard’s £1.5B UK Chokehold
GoCardless announced the launch of Recurring Pay by Bank, an open‑banking‑powered recurring payment solution, as part of the new UK Payments Initiative (UKPI) unveiled at Money20/20 Europe. The service lets merchants process account‑to‑account transactions directly, bypassing Visa and Mastercard and...
Equity‑based Lending Cuts Liquidations Tenfold, Boosts Safety
FT's first big drawdown event, equity account based lending only liquidated about ~$50k in liquidations, equity accounting meant far less liquidations (netted risk vs discounted collateral) and soft liquidations meant far smaller amounts (average liquidation sizes were $200-$2k), in LTV...
Cuba Halts Visa, Mastercard; Stablecoins Become Fallback
Cuba to stop Visa and Mastercard payments https://t.co/2Bo5vXD4nW Cuba will suspend Visa and Mastercard transactions from (today) after a foreign bank that processed those payments decided to end its relationship with Fincimex. Oh well, there's always stablecoins. https://t.co/3AIXPzAc3Y
U.S. Bank Titans Team Up on Tokenized Deposit Network to Launch 2027
The Clearing House and a coalition of the nation’s largest banks unveiled a tokenized deposit network that will link blockchain‑based money with existing payment rails. The system, slated for a first‑half‑2027 launch, aims to give banks programmable, 24/7 settlement while...
Trading and Deposits Surge; APAC Leads Fintech Growth
Fastest-growing fintech verticals in 2025: 📈 Trading & investments: +38% YoY 💰 Deposits: +30% YoY 🌏 APAC led all regions at +25% Payments still dominates at ~$183B — but the mix is shifting fast. BCG + FT Partners Global Fintech Report 2026 https://t.co/l5NDg3A7yg https://t.co/pqKcNiV7HJ
Bank of America to Launch Cross‑Border Real‑Time Payments Service Next Quarter
Bank of America announced it will roll out a cross‑border real‑time payments service next quarter for corporate, commercial and financial‑institution clients. The platform will enable instant fund transfers via SWIFT or CashPro, linking to major real‑time networks in Mexico, the...
Coinbase to Pilot Token‑Backed Mortgage Down‑Payments by Summer 2026
Coinbase and Better Home & Finance will let qualified borrowers pledge Bitcoin or USDC as collateral for down‑payments on Fannie‑Mae‑backed mortgages, launching the program by summer 2026. The initiative follows a 2025 FHFA order to treat crypto as an asset...
SEC Warns vs ‘Supreme Money’ Quacks
The Philippine Securities and Exchange Commission (SEC) issued a public advisory warning that several online lending platforms, including the “Supreme Money‑Cash Loans App” on Google Play, are falsely using the name and branding of Supreme Money Lending Corp. The regulator...
Upstart's Funding Model, Not Its AI, Emerges as Biggest Risk for Lending Platform
Upstart Holdings' rapid loan‑originations growth and a 44% revenue jump mask a deeper vulnerability: dependence on external banks for funding. The fintech's March plan to apply for a national bank charter aims to cut that risk, but investors remain uneasy...
Entrepreneurial Opportunity Evaluation for Financial Technology Decision
Researchers surveyed CFOs at Thai listed financial firms and found that entrepreneurial opportunity evaluation strongly predicts FinTech adoption decisions. Mediation analysis identified three pathways—risk re‑categorization, financing‑constraint alleviation, and reduction of information asymmetry—that explain the link. These mechanisms enable more inclusive...
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Best Cash Advance Apps of 2026
Investopedia’s 2026 roundup ranks the top cash‑advance apps, naming Varo as the overall winner for its transparent fee schedule and instant funding. Payactiv earns the nod for flexible loan amounts, Dave for integrated budgeting tools, and EarnIn for the lowest...
Experian Deploys ChatGPT App to Capture Personal Loan Shoppers
Experian launched the Experian Loans ChatGPT app, letting consumers browse personal‑loan offers directly within OpenAI’s chatbot. The tool combines Experian’s lender network and credit analytics with conversational AI to deliver tailored loan options and a seamless handoff to Experian’s website....
UK’s FCA Freezes Euro Exchange Securities Over Financial Crime Fears
The UK Financial Conduct Authority (FCA) has frozen Euro Exchange Securities' (EES) ability to provide regulated electronic money and payment services, citing serious financial‑crime risks. Court‑appointed interim managers will run the firm until a hearing on June 11, where EES...
Kraken Offers SpaceX IPO Access Through xStocks
Kraken’s xStocks platform will be the first to offer tokenized access to SpaceX’s upcoming IPO, allowing eligible mobile‑app users to purchase SPCXx tokens that represent real shares. The offering is limited to the Kraken mobile app and is unavailable on...
IUX Unveils 2026 Infrastructure Roadmap Targeting Sub‑30 Ms Execution and Raw Spread Stability
IUX announced a 2026 infrastructure blueprint that promises sub‑30 ms trade execution and algorithmic raw‑spread stability across Asia, South Africa and Latin America. The plan underpins its recent ‘Most Innovative Technology Broker 2026’ and ‘Best Execution Broker 2026’ awards and signals...
GoTyme, Wise Launch Money Transfer Service
GoTyme Bank, backed by the Gokongwei group, has launched an in‑app international money‑transfer feature called Send Money Abroad, powered by Wise. The service lets customers move funds to over 170 countries in eight major currencies and shows fees, exchange rates...
Digital Company ID Could Save UK Financial Sector £1.7B: CFIT
A government‑backed consortium has completed a proof of concept for a Digital Company ID, a reusable digital credential that could slash UK banks' Know‑Your‑Business (KYB) costs by £1.7 billion (about $2.2 billion). The system, developed with identity providers Yoti and OneID and...
Lili Embeds Business Credit Solutions for Small Businesses
Lili, the U.S. online banking platform for small and medium‑sized businesses, has launched integrated Business Credit Solutions. The new suite offers a revolving line of credit and additional financing options through partners such as Fundbox and Lendio, accessible directly within...
Figure Offers JPM Fintech Lending and Tokenized Assets
Figure Technologies & Tokenized Lending Figure Technologies does home equity lending in days, not weeks — using its own Provenance Blockchain for origination, underwriting, and transfer of loan assets. @rShevlin's pitch to Dimon: buying Figure gets JPMorgan a two-for-one — a fintech...
Aave Endures $100M Liquidations, Shows Resilience
Over $100M in liquidations occurred on Aave in the past 24 hours. While not the biggest stress test, it was another round of resiliency. Note: users can repay loans directly with collateral to reduce liquidation risk on the Aave UI. Stay safe.
Fasanara Capital Launches Ferrari-Backed Lending Platform
Fasanera Capital, a London‑based credit manager, has launched the Fasanera Ferrari Lending Platform, offering secured loans backed by Ferrari automobiles. The platform is built with California’s Mattioli Automotive Group, which operates three Ferrari dealerships and related service businesses. Seed capital...
JPMorgan Taps AI to Process Checks
JPMorgan Chase has partnered with AI‑robotics firm Ripcord to automate its lockbox operations, deploying a robot that can handle 4,000 envelope and document types. The system, combined with large‑language‑model assistants, now processes roughly 480 million checks annually with over 99.9% accuracy,...
Public Sector Procurement Shift: Adyen Unseats Stripe in Major UK Government Fintech Win
The UK Government Digital Service has awarded Adyen the lead payment services provider role for GOV.UK Pay, displacing Stripe. The deal moves roughly 1,000 public sector services onto Adyen’s single network, which has processed over £9 billion (about $11.5 billion) across 135 million...
Zcash Executes Emergency Hard Fork to Patch Orchard Bug That Could Have Minted Unlimited Coins
Zcash activated a hard fork at block 3,364,600 on June 1 to seal a critical flaw in its Orchard privacy pool that could have let attackers print unlimited ZEC. The fix followed a disclosure by researcher Taylor Hornby and triggered a...
Whether Physical or Digital, Debit Cards Are a Payments Mainstay
Debit cards remain a core payment method despite the surge in e‑commerce and digital wallets. New research from Javelin Strategy shows that while card‑not‑present transactions are growing, debit usage stays strong, especially among Gen Z who rely on digital wallets. Fintechs...
Letter From the Editor: Why Every Fintech Firm Is Starting to Look Like an Infrastructure Provider
Fintech is transitioning from consumer‑focused apps to invisible infrastructure, embedding APIs, settlement engines and compliance layers into core business processes. Companies like Stripe, Plaid and Circle illustrate this shift, moving from brand‑centric products to platform services that other software depends...
Nigeria’s Daya Taps Aptos to Power Africa-Middle East Stablecoin Payments
Nigeria‑based B2B payments startup Daya has teamed up with the Aptos Foundation and Dubai‑based exchange HashKey MENA to launch a pilot stablecoin settlement corridor linking African businesses with the Middle East. The corridor lets firms convert local currencies into stablecoins,...
Chhangani’s Piece on Digital Yuan Cited in European Central Bank’s Report on the International Role of the Euro
The European Central Bank’s June 2026 report on the international role of the euro references Alisha Chhangani’s recent analysis of China’s digital yuan. The citation underscores the growing relevance of the digital yuan as a cross‑border payment instrument and its potential...
Coinbase CEO Brian Armstrong Pushes Back on Jamie Dimon's Attack Over CLARITY Act
Coinbase CEO Brian Armstrong publicly rebuffed JPMorgan Chase chief Jamie Dimon's harsh remarks about the Digital Asset Market CLARITY Act, defending the legislation as beneficial for both banks and crypto firms. The clash highlights the widening regulatory rift between traditional...
Fintechs Redesigning with AI Achieve 5× Developer Productivity
AI is delivering 5x developer productivity at fintechs that fully redesign their engineering model around it. Not just copilots — end-to-end workflow transformation. The firms still running scattered pilots are being outbuilt. BCG + FT Partners Global Fintech Report 2026 https://t.co/zPh99Mx5T0
Chhangani’s Research on China’s Cross-Border Interbank Payment System Cited in FDD
Alisha Chhangani’s research on China’s Cross‑border Interbank Payment System (CIPS) was referenced in a recent Foundation for Defense of Democracies (FDD) analysis. The citation underscores growing U.S. scrutiny of how China’s payment infrastructure facilitates Iran’s ability to evade sanctions. Chhangani’s...
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Money20/20 Europe Day Three: Inclusion, Identity, and the Future of Payments
Money20/20 Europe wrapped its tenth edition with a focus on agentic AI, financial inclusion, and the convergence of traditional payments with digital assets. Panels highlighted the need for a "know‑your‑agent" (KYA) framework to replace static KYC, while Revolut’s recent UK...
Why Adyen, Stripe, and PayPal Still Can't Fix Global Payments - Davi Strazza (CBO, Lightspark)
In this episode, Sam talks with Davi Strazza, Chief Business Development Officer at Lightspark, about the persistent failures in global online payments—about 15% of transactions still fall through despite the dominance of providers like Adyen, Stripe, and PayPal. Strazza explains...
Grey Business Processes $61 Million as Stablecoins Dominate Payments
Grey, a US‑based cross‑border payments platform, processed $61.4 million in total payment volume within four months of launch. The company’s Business product lets startups and SMEs open USD corporate accounts and move money using stablecoins such as USDC and USDT, which...
Flutterwave Targets Multi-Rail Stablecoin Payments with Tempo Partnership
Flutterwave, Africa’s leading payments platform, announced a partnership with the payments‑first blockchain Tempo to add a new stablecoin settlement rail alongside its existing Polygon integration. The integration will enable wallet‑to‑wallet transfers of USDC and USDT through Flutterwave’s Send App and...
Interswitch Enters Banking Tech Race with Temenos Deal
Interswitch announced a strategic partnership with Temenos, moving beyond payments to provide full‑stack banking technology across Africa. The deal integrates Temenos’ core, digital, payments, wealth‑management and anti‑fraud systems into Interswitch’s cloud and on‑premise platform, targeting legacy banks in Nigeria, Kenya,...
Adyen Replaces Stripe as GDS Payments Provider
Britain’s Government Digital Service has selected Adyen to replace Stripe as the payment services provider for GOV.UK Pay, covering non‑Crown card and pay‑by‑bank transactions. The change affects roughly 1,000 public‑sector entities, including local councils, the armed forces and police forces....