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Metro Bank has launched a new commercial mortgage, offering an 85% loan-to-value (LTV) for loans up to £5 million. The loan is open to all businesses in England and Wales “with at least two years trading history.” Metro Bank also launched its 75% LTV commercial... Read More
British shoppers refuse to be parted from physical payments cards, despite the popularity of digital services like Apple Pay and Google Pay, new figures from ad enabled payments company Zilch reveal. The research findings from a Zilch poll come as Zilch launches its “first physical... Read More
Feedzai, the global firm focused on AI-native financial crime prevention, announced the launch of Feedzai IQ, a new family of solutions that enables network fraud intelligence without compromising customer privacy. Leveraging insights from hundreds of FIs across four continents and “over $8 trillion in annual... Read More
Thunes, the so-called “Smart Superhighway” to move money around the world, announced it has secured the 50 licenses it requires to operate in the United States. This marks a milestone following its recent Series D funding round and reinforces Thunes’ commitment to “scale at pace... Read More
In a bid to accelerate the integration of Artificial Intelligence (AI) across the bank, CommBank has completed migrating its data platform to Amazon Web Services (AWS), its cloud provider. The scalable data platform will integrate with other channels across the bank to help “drive faster,... Read More
Ctrl Alt, a tokenization infrastructure platform, has officially secured its license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Assets Service Provider (VASP). Notably, Ctrl Alt claims it is the first VASP authorized to conduct issuer-related services. This milestone marks a... Read More
Anchorage Digital is pleased to announce support for Derive, the decentralized exchange enabling capital-efficient on-chain options. Institutions trading on Derive can now “secure their balances on Derive via Porto, their institutional self-custody wallet.” Derive is purpose-built for professional traders, “offering portfolio margin, capital-efficient spreads, and... Read More
Circle Internet Group (NYSE:CRCL) ended the week on a high note for its initial public offering (IPO). Shares in Circle were initially priced at $31/share, but it seems underwriters may have left some money on the table as shares closed today at $107.53 each, rising by... Read More
CertiK noted that earlier this year, the U.S. Treasury Department made a groundbreaking decision to lift sanctions on Tornado Cash, an Ethereum-based cryptocurrency mixing service that had been a lightning rod for controversy since its sanctioning in 2022. Originally blacklisted by the Office of Foreign... Read More
Wise (LSE:WISE), a leading UK-based Fintech, published annual results this week, showing a 23% increase in cross-border volume to £145.2 billion, driven by customer growth and greater adoption of the Wise account. Wise started as a platform for transferring money globally, aiming to be a... Read More