DailyPay Pushes Back Against NY AG
DailyPay is fighting a New York Attorney General lawsuit that accuses it of violating state usury laws by offering high‑interest earned‑wage‑access loans. The company argues it is merely an adjunct to employer payroll systems, providing on‑demand pay that already belongs to workers, and cites a CFPB advisory that employer‑partnered EWA programs do not constitute credit. The AG’s suit, filed alongside a similar case against MoneyLion, claims false advertising and deceptive practices. DailyPay has asked the court to dismiss the case and move it to a plenary action with a jury trial.
SpotOn’s Rapid Fund Debuts and Other Digital Transactions News Briefs From 4/14/26
SpotOn Transact rolled out Rapid Fund, a service that makes card deposits available within 30 minutes and teamed with Parafin to launch SpotOn Capital, giving restaurants faster cash‑flow tools. BlueSnap completed a deep integration with SAP Cloud ERP and S/4HANA,...
Beyond the Click: How Agentic Payments Are Redefining Global Financial Flow
Agentic payments—AI‑driven, intent‑centric transactions—are poised to reshape global commerce. Analysts forecast the U.S. market could hit $300‑$500 billion and the worldwide market $3‑$5 trillion by 2030. Visa and Mastercard are building trust layers, Stripe partners with OpenAI on an Agentic Commerce Protocol,...
Barclays, FIS Sign Multi-Year Extension of Their Core Banking Agreement
Barclays US Consumer Bank announced a multi‑year extension of its core‑banking partnership with FIS, deploying the cloud‑ready FIS Profile platform. The solution will manage deposits, accounts and balances while delivering real‑time, multi‑currency processing, supporting Barclays’ ambition to grow its retail...
How Wise Is Betting on Infrastructure and Brand
Wise is challenging the legacy correspondent‑bank model by building its own global payments infrastructure. The company’s Wise Platform provides APIs that let banks, fintechs and enterprises embed low‑cost international transfers directly into their products. By early 2026, Wise has launched...
EToro Launches Developer App Store and Builders Portal for Retail Platform
eToro announced the launch of an App Store and a companion builders portal, opening its retail investing platform to third‑party developers and even non‑coders. The marketplace lets users browse, install and run trading and analytics tools that plug directly into...
Global Capital Shifts Beyond Silicon Valley – and SA Benefits
Global investors are moving capital beyond traditional US tech hubs, with South Africa emerging as a key destination. The country secured $715 million in venture funding in 2025, the second‑largest in Africa, and total deal volume rose 25% YoY to $4.1 billion...
Fintech: Why London Continues to Attract French Scale-Ups
London remains the premier destination for French fintech scale‑ups, buoyed by the UK’s 11 % share of global fintech activity and $10.96 billion raised in 2025—more than several major economies combined. Companies such as Spendesk and Weefin have opened UK subsidiaries, now...
Ralio Raises £1.8m for Its Agentic Business Payments Platform
UK fintech Ralio has closed a £1.8 million (about $2.3 million) pre‑seed round to build its agentic payments platform. The round was oversubscribed, led by Sure Valley Ventures and joined by Seed X, Love Ventures, Plug and Play, and other investors. Ralio’s...
FCA Sets Out Open Finance Vision to Boost Consumer Choice
Britain’s Financial Conduct Authority has unveiled a comprehensive open‑finance roadmap aimed at giving consumers and businesses greater control over their financial data across mortgages, investments, savings and pensions. The regulator will initially focus on using data sharing to improve credit...
OpenAI Acquires AI Finance Startup Hiro, Which Built a "Personal AI CFO"
OpenAI has acquired the team behind Hiro, an AI startup that offered a personal AI CFO, in an acqui‑hire deal with no disclosed price. Hiro’s platform helped users manage over $1 billion in assets by modeling salary, debt and expense scenarios....
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Belmoney, RwandaCash Enable Pan-European Remittances to Rwanda
Belmoney, Europe’s first remittance‑as‑a‑service provider, has partnered with RwandaCash to launch a pan‑European digital corridor for Rwandan diaspora payments. By leveraging Belmoney’s PSD2 licence and API stack, RwandaCash can operate across the EU without separate national licences, offering faster, lower‑fee...
The Hidden Risk in South Africa’s Payment Infrastructure
South Africa faces a looming risk of being excluded from the global SWIFT network because its payment data does not meet the ISO 20022 standard slated for November 2026. The new format replaces legacy MT messages with structured XML, demanding precise address...
Payfast Founder Acquires iVeri
Jonathan Smit, the founder of Payfast, announced his acquisition of iVeri, a payment technology firm with a 30‑year legacy in Africa. Smit, who exited Payfast between 2019 and 2021 and now runs a portfolio of over 30 businesses, will retain...
QwickRoute’s aRFQ™ Raises the Bar on ETF Liquidity
ETF assets have surged to over $20 trillion globally, prompting demand for more efficient trading tools. MCAP’s QwickRoute platform introduced aRFQ™, an automated Request‑for‑Quote protocol designed specifically for ETFs. In just two years, aRFQ has been adopted by more than 50...
Ex-Flutterwave Executive Awa Koné Joins Cauridor as Chief Operating Officer
Cauridor, a Guinea‑based cross‑border payments platform, has hired former Flutterwave Global Head of Operations Awa Koné as chief operating officer. Koné brings over five years of experience scaling payment infrastructure across Africa, Europe, the Americas and Asia, plus a stint as...
Hero FinCorp Rolls Out AI-Led Lending Campaign During IPL 2026
Hero FinCorp launched its third‑year IPL 2026 title‑partner campaign, "Nariyal Phodo, Sar Kyun?". The ad pivots from its previous "Shubh Kaam Mein Deri Kyun" platform to spotlight AI‑led lending that promises faster, frictionless loan approvals. It showcases humor‑driven scenes of traditional...
Is Everyone Scared of the AI Threat? If Not, You Should Be
U.S. regulators convened the CEOs of the nation’s biggest banks after Anthropic unveiled Claude Mythos, an AI model that can autonomously locate and chain together decades‑old software vulnerabilities. The model’s ability to turn hidden flaws into exploitable attacks prompted an...
The Fintech and Wider Digital Ecosystem of India in 2026
India’s fintech ecosystem, built on public digital infrastructure like Aadhaar, UPI and Account Aggregators, has scaled to serve over a billion people. UPI now handles more than 14 billion transactions a month, with annual volumes exceeding $2.5 trillion, while the PMJDY program...
NSCC BEGINS COLLECTING FEES FOR NYSE
Effective April 2026, the National Securities Clearing Corporation (NSCC) will start collecting NYSE membership and transaction fees through its consolidated settlement system. The fees, coded 207 for membership and 208 for transactions, will be debited on the next NSCC settlement...
Webull Canada Rolls Out Zero-Commission Trading
Webull Canada launched zero‑commission trading on April 13, eliminating per‑trade fees while still passing through mandatory regulatory and exchange charges. CEO Michael Constantino said the shift moves competition from price to platform innovation, tools, and user experience. The offering spans...
Duracell E-Charge Picks Paythru for UK Network Payments
Duracell E‑Charge has appointed Paythru to run payments for its UK ultra‑fast electric‑vehicle charging network. Paythru’s platform will process card, app and terminal transactions and aims for a 99.8% payment success rate, supporting Duracell’s 99% overall uptime target. The network...
Five Smart Questions to Optimise Your Business Payments Setup
Payments are a core business function but often go unchecked after initial setup. The article outlines five questions merchants should ask their banks or payment service providers, covering fee structures, Merchant Choice Routing, system resilience, alignment with Australian consumer habits,...
Singapore: Advancing ASEAN Digital Financial Connectivity
The 13th ASEAN Finance Ministers’ and Central Bank Governors’ meeting highlighted digital innovation as a core pillar of regional financial cooperation. Leaders pledged to interlink real‑time payment systems, creating faster, cheaper cross‑border transactions across member states. The statement also underscored...
GH Bank Aims to Elevate Operations with Digital Upgrade
GH Bank, Thailand’s state‑owned housing lender, is launching a digital transformation under new CEO Mahatma Ampornpisit, built around five strategic pillars that embed AI, data analytics, and employee development. The plan seeks to accelerate loan processing, improve asset quality, personalize...
Best of Show Winner BlytzPay Unveils New Intelligent Payments Platform
Utah‑based BlytzPay has launched Blytz, an evolved intelligent payments platform that merges payments, AI‑driven customer engagement, and automation into a single layer. The suite comprises BlytzPay (text‑first billpay), BlytzCollect (AI‑powered outreach via instant payment links), and BlytzCash (in‑person cash payments...
IDenfy Integrates Reusable Digital IDs to Help Businesses Avoid Onboarding Fails
iDenfy has launched a reusable digital ID (eIDV) workflow that lets users complete KYC verification with electronic IDs instead of physical documents. The platform now supports more than 60 digital ID types, including Sweden’s BankID and the UK’s OneID. Since...
Guest Article: The Ag Lender’s Guide to AI Investment
AI is reshaping agricultural lending by automating back‑office tasks and delivering real‑time insights to loan officers. Successful pilots follow a 90‑day build‑test‑scale cycle, allowing rapid evaluation and scaling. The author stresses that AI should augment human interaction, preserving the deep...
The Fed Treads on XRP’s Core Payments Use Case with New FedNow Banking System Upgrade
On April 8 the Federal Reserve proposed letting U.S. banks and credit unions route the domestic leg of international transfers through the FedNow Service, effectively authorising intermediaries for cross‑border payments. The change directly targets the speed and cost advantages that Ripple...
Researchers Propose Agentic Risk Standard For AI Agent Transactions
Researchers from Google DeepMind, Microsoft Research, Columbia University, t54 Labs, and Virtuals Protocol introduced the Agentic Risk Standard (ARS), a financial‑risk‑management framework for autonomous AI agents that handle payments or assets. ARS adds escrow, underwriting, and collateral mechanisms to ensure...
White House Crypto Adviser Witt Says Other Clarity Act Hurdles Being Cleared
White House crypto adviser Patrick Witt told CoinDesk that a newly‑crafted compromise on stablecoin yield remains intact, clearing a major obstacle for the Digital Asset Market Clarity Act in the Senate. He said the agreement, which eases banks’ fears about...
We’re Just Getting Started
Fintech’s first quarter showed a decisive pivot from speculative growth to AI‑driven utility and institutional‑grade infrastructure. Capital is concentrating on larger, data‑rich players that are investing heavily in artificial intelligence, embedded finance and compliance‑focused partnerships. European challengers like Monzo and...
PayPal Lets Small Businesses Tap Into Brazil’s Pix System
PayPal announced that its Complete Payments platform now supports Brazil’s Pix instant‑payment system for small and medium‑sized merchants. Pix, used by more than 170 million Brazilians, processed about 196 billion transactions and moved roughly $16 trillion, representing over 90 % of the country’s payment...
Jito, KODA Team up on Institutional Staking in South Korea
Jito Foundation has signed a memorandum of understanding with Korean custodian KODA to launch institutional custody and staking services for JitoSOL in South Korea. The partnership will enable compliant pathways for large financial firms and corporate treasuries to mint and...
Wise Eyes Nasdaq, Beats Earnings and Invades UK Banking All at Once
Wise reported a landmark month, confirming a Nasdaq listing, posting a 24% jump in Q4 revenue, and unveiling a UK current‑account product aimed at challengers like Monzo and Revolut. The fintech now serves roughly 15.6 million customers across more than 70...
Jump Expands Partnership With Perennial Financial Services to Deploy AI Operating System Firmwide
Jump announced an expanded partnership with Perennial Financial Services, deploying its Operate AI operating system across the entire firm. Operate adds AI‑driven intake forms, Document Intelligence and pre‑meeting preparation tools to automate the advisor workflow from client onboarding to post‑meeting...
Adjusted Stablecoin Volume May Reach $700 Trillion+ by 2035 : Research
Chainalysis forecasts that adjusted stablecoin transaction volume will reach $719 trillion by 2035 through organic growth, and could climb to $1.5 quadrillion when macro catalysts are considered. The firm expects stablecoin payments to rival Visa and Mastercard off‑chain volumes between 2031 and...
Circle CEO Says He Won’t Freeze USDC without a Court Order Even as Hackers Walk Away with Millions
Circle CEO Jeremy Allaire reiterated that the company will only freeze USDC wallets when directed by a court order or law‑enforcement request, rejecting real‑time intervention during hacks. Critics, citing incidents such as the recent $280 million Drift Protocol exploit, argue that...
Mastercard and Google Put Passkeys at the Heart of AI Payments
Mastercard and Google have unveiled Verifiable Intent, an open‑source cryptographic framework that secures AI‑driven purchases with biometric, passkey‑grade authentication. The system bundles a consumer’s verified identity, the AI agent’s instructions, and the resulting transaction into a tamper‑resistant record. Built on...
Fintech Rundown: A Rapid Review of Weekly News
Fintech activity surged this week as Gr4vy introduced AI‑driven agentic payments and a developer kit, while Adyen rolled out its Intelligent Money Movement platform to unify payments, liquidity and payouts. GoCardless reported a 22% growth rate for FY25 and posted...
Insurteam Raises $1.3m to Expand MGA Ops in Europe
Swiss InsurTech Insurteam closed a $1.3 million round to accelerate its Managing General Agent (MGA) rollout across Europe. The capital will fund the deployment of its AI‑driven platform that can slash claim‑handling costs by up to 80% and shrink processing times...
SoFi Taps Galileo to Offer Send And Receive Capabilities Through FedNow
SoFi Bank N.A. has partnered with Galileo Financial Technologies to enable real‑time send and receive payments through the Federal Reserve’s FedNow service. The integration allows SoFi members to move money between banks in seconds, 24/7, including weekends and holidays, eliminating...
OpenID Launches Working Group to Ease KYC with mDLs
The OpenID Foundation has launched an eKYC and Identity Assurance Working Group to address KYC gaps exposed by NIST’s draft SP 1800‑42 guidance on mobile driver’s licenses (mDLs). The group will extend the OpenID Identity Assurance Schema and OpenID Connect protocols...
Exclusive: HSBC Extends Tokenized Deposit Service to US
HSBC is extending its tokenized deposit service to the United States, adding the market to the four regions where the product already operates—Hong Kong, Singapore, Luxembourg and the U.K. The on‑chain offering lets corporate clients move money instantly across domestic and...
Expensive Tabs Shift to Mobile: Stripe
Stripe’s latest checkout report shows U.S. shoppers increasingly using mobile devices for higher‑priced purchases, with mobile share rising across every price tier over the past two years. Mobile transactions grew by 4.1 percentage points for purchases between $500 and $2,000,...
Kalshi Is Half Right About Prediction Markets and Gambling
Kalshi CEO Tarek Mansour argues that its peer‑to‑peer prediction‑market platform differs from traditional sportsbooks because the house takes no position on outcomes, only fees. While the fee‑based, balanced‑book model mirrors the exchange‑style betting that has existed since the 1940s, it does...
Notch A Credit Union Win for Payroc
Payroc LLC announced a new partnership with Jeanne D’Arc Credit Union, extending its payment‑processing platform to the credit union’s more than 100,000 members. The Tinley Park‑based firm will provide point‑of‑sale systems, online payment gateways, electronic invoicing and related services to the...
Hungary’s Payment Revolution Begins? What Magyar’s Win Means for Fintech
Hungary’s new Tisza Party, led by Péter Magyar, won a two‑thirds supermajority, ending the Orbán era and opening the door to EU funding and regulatory reform. The government is poised to unlock roughly $19.6 bn in frozen EU cohesion and recovery...
Netstars, Bitget Wallet Exploring Japanese Crypto Payments Union
Bitget Wallet is in talks with Japanese payment infrastructure provider Netstars to integrate self‑custodial stablecoin payments into the country’s QR‑based cashless ecosystem. The collaboration will use Netstars’ StarPay‑X gateway to connect Web3 wallets with existing merchant networks, enabling in‑store and...
MrBeast Acquires Fintech App Step, Targeting 7 Million Young Adult Users
Jimmy Donaldson, known as MrBeast, has purchased the fintech app Step, which serves roughly seven million young adult users. The acquisition integrates Step’s instant payment and budgeting features into MrBeast’s creator ecosystem, enabling fans to tip, buy merch, and earn...