Alessa whitepaper outlines key crypto know-how for financial institutions

Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.

PayTech Currencycloud set to be acquired by Visa in $700m deal

Visa has entered an agreement to purchase cross-border payments technology provider Currencycloud for a total of $700m.

FinTechs use market alliances to offer leading savings products, research finds

Research by Investec has found FinTechs use partnerships with larger financial services companies to offer market-leading savings products to their clients.

EU plans to end cryptocurrency anonymity as part of AML plan

The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.

Revolut expands market footprint with move into the travel sector

UK FinTech firm Revolut has widened its market presence after it rolled out a booking service for the travel industry.

Survey finds SFTR is leading to regulatory reporting consolidation

A survey conducted by IHS Markit and Pirum has found over 70% of regulatory respondents plan to consolidate their diverse reporting processes under a single platform.

Over half of crypto experts believe bitcoin will replace fiat money by 2050

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

Mastercard unveils new payment gateway to simplify Faster Payments access

Mastercard has launched a payment gateway created to provide easier access for companies that connect to the UK’s Faster Payments Network.

Digital banking use to exceed half of global population in 2026, study finds

A study by Juniper Research has found around 53% of the global population will access digital banking services in 2026.

Daloopa bags $20m from Credit Suisse-led Series A

US data extraction start-up Daloopa has secured $20m in a Series A financing round led by Credit Suisse Asset Management’s NEXT Investors.

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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