Feed Items
Canada’s anti-money laundering regulator has imposed a record administrative monetary penalty of C$176.96 million ($130 million) on Xeltox Enterprises Ltd., the operator of cryptocurrency platform Cryptomus, for “egregious and systemic” violations of the country’s financial crime laws. The Financial Transactions and Reports Analysis Centre of... Read More
Malicious attackers are said to be leveraging quantum computing and are reportedly a real threat to the concept of digital identity security. This, according to a report from Juniper Research which noted that estimates for how long it could take for quantum computing to develop... Read More
A relatively small but growing group of so-called “branchless” digital banks (neobanking platforms) are moving into the mobile virtual network operator (MVNO) space as operators and fintech firms aim to realign mobile value chains. While advancements like eSIM adoption and MVNE/MVNO platforms have lowered entry... Read More
Openbank and Santander Consumer Finance announced that they will integrate in Europe, expanding their range of products and services to customers. Banco Santander (NYSE: SAN) noted that it will merge Openbank and Santander Consumer Finance (SCF) into a single legal entity and will gradually operate its... Read More
Bricklayer AI has raised $5 million in seed financing, according to a company statement. Bricklayer AI is an agentic cybersecurity platform that aims to enable teams of AI agents that work like security analysts, automating actions from alert triage to incident response and working together... Read More
Volatility is heating up across Bitcoin (BTC) and Ethereum (ETH) as markets deal with fears of a renewed U.S.-China trade war as well as a potentially bursting AI bubble. Derive.xyz noted that the 30-day implied volatility for BTC has surged to 45%, up considerably from... Read More
In yet another powerful reminder of China’s unyielding control over financial tech innovation, two of its technology firms—Alibaba (NYSE:BABA)-affiliated Ant Group and online retail behemoth JD.com—have abruptly suspended their plans to launch stablecoins in Hong Kong. This development, revealed over the weekend, underscores Beijing’s deepening... Read More
Digital bank Revolut, which enables a global fintech platform with over 65 million retail customers today announced it has received final authorisation from the National Banking and Securities Commission (CNBV), with approval of the Bank of Mexico, to commence operations as a Multiple Banking Institution... Read More
TrueLayer says it has signed an agreement to acquire Zimpler, a Pay by Bank network in the Nordics. The acquisition will now aim bring together two of Europe’s Pay by Bank providers, further strengthening TrueLayer as a key player in the crowded European payments industry.... Read More
Federal Reserve Governor Christopher Waller stated that the reserve bank plan is beginning a new phase and crypto will no longer have to be on the fringes while introducing another prototype in order to enhance reserve bank services. Waller added that they intended to send... Read More