Paxos launches stablecoin in the EU
Digital asset outfit Paxos has launched its Global Dollar (USDG) stablecoin across the European Union.
UK watchdog warns of rise in fake FCA scams
The Financial Conduct Authority is warning consumers to be on the look-out for fake FCA scams after being inundated with reports of bogus emails and calls from fraudsters impersonating the regulatory body.
Banks “barking up the wrong tree” over CBDC deposit flight says ECB
The European Central Bank says banks are “barking up the wrong tree” when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.
Sibos 2020: Let ‘promiscuous’ digital workers do the dirty (data) work
On day 3 of Sibos 2020, the conversation broached the weighty topic of tech execution, drawing links between the fundamental role of data in the ability of technology to reach its potential across financial services.
Proptech firm Baselane raises $34m in funding
Baselane, a fintech platform designed for real estate investors, is set to expand its operations after securing $34m in funding.
Tide rolls out B2B BNPL product on £100 million debt raise
Tide is to roll out a BNPL pay-in-four credit product to all elgible clients after securing a £100 million debt facility from Fansanara Capital.
Pomelo combines US consumer credit with international money transfer to Philippines
Pomelo’s partnership with Mastercard and Coastal Community Bank enables US immigrant customers to use and build credit while supporting family and friends overseas.
Primer launches AI companion for payments teams
London-based payments and commerce infrastructure provider Primer has launched an AI agent for payments teams.
Abu Dhabi to launch world’s first regulated carbon trading exchange and clearing house
AirCarbon Exchange (ACX) has been approved by Abu Dhabi Global Market to create the world’s first fully regulated carbon trading exchange and carbon clearing house.
FTX gets green light to repay billions to customers
Customers of failed crypto exchange FTX will receive up to $16.5 billion under a bankruptcy plan approved by a US judge.
DBS builds GenAI bridge for SMEs
DBS in Singapore plans to reach out to 50,000 SMEs to equip them with GenAI tools and technology to help boost productivty
Tandem Bank appoints chief impact and marketing officer
Tandem Bank has appointed Georgina Whalley to the newly-created role of chief impact and marketing officer with a mandate to focus on building the digital bank’s green credentials.
People’s Bank of China opens digital yuan operation centre in Shanghai
On Thursday, the People’s Bank of China (PBOC) opened a digital yuan (e-CNY) international operations centre in Shanghai, in a move to drive CBDC innovation.
Open Mineral raises $33m for metal commodity trading platform
Open Mineral, a global digital trade platform for base metal commodities, has raised $33 million in a Series C funding round led by Mubadala Investment Company.
Teylor secures €150m from Fasanara Capital to accelerate pan-European SME financing expansion
The strategic partnership with the London-based asset manager will support the expansion of Teylor’s factoring business in seven European countries and establish a pan-European financing vehicle.