New Sokin CFO Keeps Eye on North American Opportunity
London‑based cross‑border payment provider Sokin announced a strategic push into North America, backed by a $300 million Series B valuation and a $100 million debt facility. New CFO Tom Steer, hired from Financial Technology Partners, will steer capital strategy, M&A and growth initiatives. The fintech reported an 81% revenue surge to $22.5 million in 2024 and is expanding its product suite with stablecoin payments after acquiring Genpaid. Steer emphasizes disciplined expansion to avoid overextension while capitalising on the sizable North American market.
Yotta Sues Evolve Again
Yotta Technologies has filed a new lawsuit in California state court accusing Evolve Bank & Trust of stealing roughly $80 million from its customers in a scheme the fintech describes as Ponzi‑like. The filing follows a May 2024 incident that left users...
Solana Launches on Interactive Brokers Europe While AlphaPepe Surpasses 7,300 Holders in Q2 Surge
Interactive Brokers has launched regulated crypto‑asset trading for European retail investors, adding Solana to a roster of 11 cryptocurrencies available alongside stocks, options and futures. The move gives SOL, currently priced around $83 with a $40 billion market cap, direct access...
The EU Seeks to Break Its Dependence on Visa, Mastercard Rails
The European Central Bank released a position paper outlining a roadmap to diminish the EU’s reliance on U.S.-based Visa and Mastercard networks, which currently process more than 60% of card transactions in Europe. The strategy calls for a home‑grown, account‑to‑account...
Cross River Receives $50M Funding
Cross River Bank’s parent, CRB Group, announced a $50 million common equity raise from existing shareholders and investors advised by T. Rowe Price. The capital will be deployed to accelerate product development, expand the embedded‑finance platform, and meet heightened regulatory requirements....
Why Bank Transactions Stay Pending (And What’s Happening Behind the Scenes)
Bank transactions often appear as pending because they undergo separate authorization and settlement phases, batch processing, and multiple security checks. Delays are especially common for interbank transfers, international wires, and check deposits, which may be held for several business days....
U.S. Bank Adds Built to Manage Construction Loan Activity
U.S. Bank has partnered with Built Technologies to automate its construction‑loan workflow using Built’s AI‑driven Draw Agent platform. The integration promises faster funding, with draw times potentially improving up to 70%, and offers borrowers real‑time visibility into draws, inspections, and...
EDX Becomes Latest Crypto Firm Seeking Banking Status
EDX Markets has filed an application with the Office of the Comptroller of the Currency to become a de novo national trust bank. The charter would limit the bank’s activities to custody, asset‑management and risk‑less principal trading while the exchange continues...
Facephi Expands LATAM Behavioral Biometrics Footprint with New Banking Contract
Facephi has signed a five‑year deal with an unnamed Central American bank to deploy its mule‑account detection and behavioral biometrics platform across the institution’s operations. The solution will monitor the full customer lifecycle, targeting synthetic identities, organized fraud networks and...
Fintech News Digest: Visa Targets Subscription Chaos, Venmo Goes Global, Nium Bets on Stablecoins, and More
SUNRATE announced the opening of a new office in Kuala Lumpur, expanding its Southeast Asian footprint as Malaysia intensifies its push to become a regional fintech hub. The move positions SUNRATE to capture growing demand for SME lending and digital...
Stablecoin AI Payment Hype Crashes as Volumes Plummet
Stablecoin Firms Bet Big on AI Agent Payments That Barely Exist Stripe co-founder Collison projects "torrent of agentic commerce" on crypto rails: 24/7 settlement at <$0.01 per transaction = structural advantage vs card networks on micro-payments. Reality check: x402 volumes dropped...
Ramp Launches Controversial Auto‑opt‑in Gamified Points System
We built Ramp to save businesses time & money. But we won't build the future of finance by looking backwards. Introducing Rampwards. A gamified points system that goes against everything we stand for. Now available to our 50,000+ customers, who were all...
BoE and the PRA’s Response to HMT, DSIT and DBT on AI in Financial Services
On April 1, 2026 the Bank of England and the Prudential Regulation Authority issued a formal response to a joint letter from the Chancellor, the Secretary for Science, Innovation and Technology, and the Secretary for Business and Trade. The BoE/PRA pledged to...
Red‑team Your AI: Guard Against Fraudsters and Edge Cases
Your AI harness needs to handle adversarial inputs Financial services aren't just about helpful customers asking good-faith questions It's fraudsters, edge cases, and people trying to break your system for profit. If your testing doesn't include red-teaming, you're not ready
Inside Dream Sports’ Fantasy To Fintech Makeover
Eight months after India’s sweeping ban on real‑money gaming, Dream Sports—owner of Dream11—has avoided layoffs and legal battles by rapidly trimming costs and repurposing its massive user base. The company is pivoting toward fintech with Dream Money and the AI‑driven...
Exclusive: Dhan Parent to Acquire Elevation Capital-Backed Infinyte Club
Raise Fintech Ventures, the parent of stock‑broking platform Dhan, is set to acquire wealth‑tech startup Infinyte Club in a 100% cash‑and‑stock deal valuing the company at roughly $13‑15 million. Infinyte, founded in 2023, raised over $3.6 million from Elevation Capital...
SUNRATE Expands Kuala Lumpur Footprint as Malaysia Cements Southeast Asia Fintech Status
SUNRATE, a Singapore‑based global payment and treasury platform, has relocated its Kuala Lumpur operations to a larger office in Menara Binjai. The new space will accommodate expanded teams in operations, customer experience, product development, and regional business support. This move...
Quantum‑Resistant Share Certificates on Organic Paper Launched
Today, I'm proud to announce Superstate Offchain: You can now hold shares of funds and companies in quantum-resistant, blockchain-agnostic certificates, printed on state of the art 100% organic paper 📜 Follow @SuperstateInc to learn more https://t.co/kyp8n34eo6
US Department of Treasury Requests Feedback on Stablecoin Legislation, the GENIUS Act
The U.S. Treasury has opened a notice‑and‑comment rulemaking to solicit feedback on implementing the GENIUS Act, which legalizes payment stablecoins. The agency proposes that issuers with up to $10 billion in outstanding stablecoins may be regulated at the state level if...
RS2 Launches Consumer Payment Card in Shift Toward Integrated Issuing
RS2, a long‑time payments‑infrastructure provider, launched its first consumer product—the Visa IceTigers Deferred Debit Card—accompanied by a mobile app. The debut marks the firm’s shift toward integrated issuing, combining card creation, processing, and customer engagement on a single platform. By...
Base Launches 24/7 Global Economy with Stablecoin Payments
Base is powering a new global economy with: - 24/7 markets for all kinds of assets - Cheap, instant, private, global stablecoin payments - The best builder ecosystem for humans and agents More details on how we'll get there in the blog.
AI in Fintech News Digest: From Real-Time Payments to a $5 Trillion Agentic Economy
The latest fintech digest highlights Visa’s new platform to curb subscription‑payment failures, Venmo’s rollout in 30 additional countries, and Nium’s $200 million commitment to build a stablecoin network. It also notes the rapid rise of real‑world‑asset (RWA) perpetual contracts driven by...
The Hidden Cost of Fragmented Tax Data in Private Capital
FATCA and CRS filings seem on track, yet private‑capital firms wrestle with fragmented investor tax data. Records are siloed across onboarding tools, fund administrators, internal databases and external providers, forcing compliance teams into repetitive reconciliation work. Legacy, manually‑driven infrastructures amplify...
New York Brokerage Public Pitches Stock-Trading AI Agents
Public, a New York‑based brokerage founded in 2019, announced AI‑driven agents that automate trading strategies for self‑directed investors. The agents can monitor markets and execute recurring trades, from generating $5,000 a month in covered‑call income to same‑day options tied to...
Startups Swarm Mercury for Business and Personal Banking
LOVE @mercury for business banking services (not an investor but wish I was). 90%+ of startups I work with use them (including myself) and they now have personal banking services... so good.
A Year Into VAMP, Visa Issues New Dispute Resolution Tools
Visa has launched six AI‑enhanced dispute‑resolution services, marking the first major update since the Visa Acquirer Monitoring Program (VAMP) went live. VAMP consolidates five fraud programs into one, with enrollment triggered when a merchant’s chargeback ratio exceeds 1.5% or an...
Exclusive: Paradigm, a Major Investor in Kalshi, Is Building Its Own Prediction Markets Trading Terminal, Say Sources
Venture capital firm Paradigm is developing a dedicated prediction‑markets trading terminal aimed at professional traders and market makers, a project led by partner Arjun Balaji since late 2025. The initiative coincides with growing institutional interest in prediction markets that cover...
PayPal Board Lures Ex-Square Executive
PayPal announced the appointment of Alyssa Henry, former Square CEO, to its board, replacing departing member Gail McGovern. The move coincides with the recent promotion of Enrique Lores, ex‑HP CEO, to PayPal’s chief executive role after Alex Chriss’s abrupt exit....
NSDL Waives Settlement Fees for Women Opening New Demat Accounts
National Securities Depository (NSDL) has introduced the Women Plan, waiving settlement fees on debit instructions for women who open new demat accounts between April 1, 2026 and March 31, 2027. The fee exemption lasts three years and applies to unlimited transactions, including joint accounts...
Billion Dollar Boy Partners With Lumanu to Launch ‘Creator Payments’ in Its Companion Platform
Billion Dollar Boy’s AI‑driven platform Companion now includes a Creator Payments feature, built with Lumanu’s financial infrastructure. The tool consolidates onboarding, tax compliance and payout distribution into a single dashboard, handling up to 14 administrative actions per creator. An accompanying...
CASS 15: What Payment Firms Need to Know About the New Safeguarding Rules
The FCA has launched CASS 15, a sweeping overhaul of safeguarding rules for payment institutions and e‑money firms, moving them from the lighter‑touch PSR regime into the stricter Client Assets Sourcebook. The new framework mirrors CASS 7 requirements, demanding segregated customer...
Prometeia Expands Wealth and Asset Management Push in Spain
Prometeia is expanding its presence in Spain by offering data‑driven, AI‑enhanced solutions for the country’s fast‑growing wealth and asset‑management sector. The firm introduced a Digital Wealth Management Platform and an Asset Management Insights SaaS tool that combine analytics, ESG metrics...
Fincite • Cios Adds Three Features to Cut Advisor Friction
Fincite has rolled out three new capabilities on its fincite • cios platform aimed at cutting advisor friction. The updates introduce a many‑to‑many user‑client model that lets a single e‑banking identity access multiple mandates, embed mandatory comments into every activity...
MTN South Sudan Changes MoMo Agent Airtime Sale Process, Grants Top-Up Bonuses to Customers
MTN Fintech South Sudan upgraded its MoMo service, shifting airtime top‑up from agent‑driven purchases to customer‑initiated self‑recharges. Agents now earn a 10 percent commission on every cash‑in deposit, turning each wallet refill into a revenue event. The new workflow eliminates the...
Ripple Adds Digital Asset Support to Treasury Management Platform
Ripple has upgraded its treasury management platform to embed digital‑asset capabilities, letting corporate finance teams hold, track, and manage cryptocurrencies alongside fiat in a single interface. The new Digital Asset Accounts and unified dashboard provide real‑time visibility across bank accounts,...
IAMTN Partners With Next Generation NGPES to Bring Stablecoins Into Mainstream Cross-Border Payments
The International Association of Money Transfer Networks (IAMTN) has entered a strategic partnership with Next Generation NGPES to embed stablecoins into mainstream cross‑border payment flows. The collaboration aims to create a compliant, interoperable framework that lets banks and payment providers...
Finally. EToro Now Allows New York Residents to Trade Crypto
eToro has secured both a New York BitLicense and a Money Transmitter License, allowing the platform to offer cryptocurrency trading to New York residents for the first time. The approval follows a 2024 SEC settlement that forced the firm to pull most...
UPI Records Highest Monthly Transactions at 22.6 Bn in March
India's Unified Payments Interface (UPI) processed a record 22.64 billion transactions in March 2026, the highest monthly volume since its 2016 launch. Volume grew 24% year‑on‑year, while total transaction value rose to ₹29.53 lakh crore (approximately $356 billion). Daily averages edged up to 730 million...
DTCC Launches Rapid Issuance
The Depository Trust & Clearing Corporation (DTCC) unveiled Rapid Issuance, a new service on its Underwriting Central platform that automates the full lifecycle of equity‑linked structured notes. The solution enables issuers to complete closings within an hour, promising faster time‑to‑market,...
Crypto's Security Flaw: Quantum Attacks Expose Real Risk
Literally the most braindead cope Newsflash: cryptographic currencies are vulnerable to cryptographic attacks Nic investing in quantum solutions to Bitcoin is conviction in the problem, not conflict of interest Focusing on the COI is denial cope
Cross River Bank Raises $50M To Accelerate AI And Crypto Expansion
Cross River Bank’s parent, CRB Group, secured a $50 million capital raise backed by existing investors and T. Rowe Price. The funds will accelerate the bank’s embedded‑finance platform, expanding AI‑driven operations, cryptocurrency infrastructure, and global market reach. Cross River aims to...
Introducing KeshPay: A New Crypto-to-Naira Solution for West Africa
Nigerian entrepreneur Ndulue Kenechukwu has launched KeshPay, a crypto‑to‑naira conversion platform aimed at streamlining digital‑asset transactions across West Africa. The service tackles persistent peer‑to‑peer trading issues by offering a controlled environment that speeds up exchanges and reduces dispute risk. In...
JPMorgan Mulls Prediction Market Services for Investors
JPMorgan Chase CEO Jamie Dimon told CBS Evening News the bank is exploring the launch of prediction‑market services for its clients. The move could blur lines between gambling and investing and draw heightened regulator attention.
WhiteBIT Coin Valuation Surges to $15 B as Tokenomics Drive Growth
WhiteBIT Coin (WBT) reached a $15 billion market cap, up 50% from its $10 billion level, after a major token unlock, a Kraken listing and expansion into Ghana. The surge underscores the rising influence of exchange‑issued tokens in the crypto‑finance ecosystem.
Malta Defies EU Push for Centralized Crypto Supervision
Malta is publicly opposing the European Union's draft framework that would move crypto supervision to the European Securities and Markets Authority. The island nation argues the shift would force it to relinquish direct oversight of major exchanges, threatening its reputation...
What Banks Get Wrong About Small Business Credit Cards
Banks are underselling small‑business credit cards by focusing on rates and fees while neglecting the operational tools owners value, such as expense separation, cash‑flow integration, and employee spending controls. The Javelin Strategy report shows many merchants already hold personal accounts,...
Tokenized Deposits May Not Outperform Stablecoins, Says BlackRock
Great point from the @BlackRock head of digital assets on tokenized deposits Its not clear why they're better than Stablecoins for many use cases They may in fact be worse
Sars to Give Every Taxpayer a Digital Identity in Sweeping Tech Overhaul
South Africa's revenue agency SARS unveiled Modernisation 3.0, a digital overhaul that will issue every taxpayer a biometric, two‑factor digital identity. The programme adds AI‑driven case management, instant payments with the Reserve Bank, and automatic VAT assessments. In FY 2025/26...
Ghana’s National ID Cards Can Now Make Payments
Ghana’s National Identification Authority has embedded a digital wallet into the Ghana Card, allowing holders to withdraw cash from ATMs, pay in stores and online, and conduct international transactions in over 200 countries. Cardholders can activate the wallet through the...
El Salvador Central Bank Launches 24/7 Banking Platform
El Salvador’s central bank launched Pay, a free 24/7 digital payment platform aimed at informal workers and small businesses. The system, already serving about 10,000 users, enables QR‑code payments, interbank transfers, and records income for future credit access. Users must...