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The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recently released the findings of their annual joint survey on the distribution of non-exchange-traded investment products, showing record sales and level of market participation for these products during 2024. Total transaction amount... Read More
PayPal (NASDAQ: PYPL) has announced significant developments that underscore its commitment to integrating digital technology with its payment ecosystem. On September 3, 2025, PayPal revealed a partnership with Perplexity, offering PayPal and Venmo users early access to the AI-powered Comet browser along with a 12-month... Read More
Thunes, the so-called “Smart Superhighway” to move money around the world, and Ripple, the provider of digital asset infrastructure for financial institutions, have announced an expanded partnership to transform cross-border payments globally. Building on their collaboration established in 2020, the partnership will improve the “customer... Read More
Qatar Development Bank (QDB) has positioned itself as a key player in digital banking by modernizing its IT infrastructure through a partnership with IBM. Established back in 1997, QDB is considered to be a key part of Qatar’s economic diversification, dedicated to empowering small and... Read More
DTCC Subsidiary FICC Submits Rule Filing with SEC for Approval to Offer “Collateral-in-Lieu” Service
The Depository Trust & Clearing Corporation (DTCC), a key part of global financial market infrastructure, has recently announced significant developments that underscore its commitment to tech advancements, security, and client-focused leadership. These updates include the submission of a rule filing by its Fixed Income Clearing... Read More
Airwallex, a global financial platform for various businesses, announced the acquisition of OpenPay, a San Francisco-based billing platform that offers subscription management, payment orchestration, and revenue analytics. The acquisition will bring OpenPay’s billing and analytics capabilities into Airwallex’s global platform, strengthening Airwallex’s position “against other... Read More
Aria Protocol Labs Inc. and Aria Foundation have raised $15 million in Seed funding, according to a corporate statement. The blockchain-focused company aims to bring IP onchain, and it has started with songs. Investors in the funding round include Polychain, Neoclassic, Story Foundation, and other partners said to... Read More
Ernst & Young LLP (EY) announced the establishment of a new Databricks Center of Excellence in Mexico City, Mexico, underscoring its commitment to advanced data analytics and artificial intelligence. This investment expands the firm’s current US-based Databricks Center of Excellence to Mexico for “nearshore global... Read More
OnePay, a Fintech startup majority-owned by Walmart, has introduced its own branded wireless service, OnePay Wireless. Launched this month, this offering is reportedly available through the OnePay app, marking a key milestone in the company’s goal to evolve into an all-in-one “super app” for US... Read More
While ratios and messaging surrounding Visa’s looming VAMP program have changed, one message is clear: acquirers and merchants should look to technology to stay in Visa’s good books. Beginning Oct. 1, Visa begins enforcement of the Visa Acquirer Monitoring Program (VAMP). It combines fraud and... Read More