Latest FinTech & Blockchain News
Glint Partners with Sutton Bank and Galileo for US Expansion
UK-based gold-as-currency enabler Glint is teaming up with Sutton Bank and Galileo Processing to power its entry into the US market. This move aims to enable gold-backed currency services stateside.
Global Payments Expands Partnership with Lightspeed DMS for Embedded Payments
Global Payments has renewed and expanded its deal with Lightspeed DMS, using Payrix Pro technology to launch embedded payments for dealerships. This enhances visibility, control, and efficiency in daily workflows for Lightspeed's customers in the recreational industry.
Motive Partners Invests €120M in Digital Banking Vendor Backbase
Backbase raised €120 million in growth equity from Motive Partners, boosting its valuation to €2.5 billion after organic growth to over €200 million in revenue. The funds will strengthen its position in the engagement banking category.
Corlytics Acquires Clausematch to Redefine RegTech Landscape
Corlytics has strategically acquired Clausematch, creating a comprehensive platform that manages the entire global regulatory risk value chain. This merger elevates Corlytics' offerings in regulatory technology.
Jiffy.ai Leverages AI and No-Code for Unified Wealth Management Onboarding
Jiffy.ai employs AI and no-code solutions to streamline wealth management onboarding across various custodians, rewiring the advisor tech stack for efficiency. The technology unifies processes in the wealth sector.
Nasdaq-100 Hits Record High Amid Positive Economic Signals
The Nasdaq-100 rose +6% to a new record, driven by +45% YOY Q1 earnings growth and stabilizing labor market with +115,000 jobs added in April. 10-year Treasury yields dipped to 4.35%.
US-Iran Ceasefire Hopes Lower Oil Prices to $95 per Barrel
Reports of a potential one-page US-Iran agreement to reopen the Strait of Hormuz pushed oil prices down from $105 to $95, despite ongoing tensions. This supports broader market positivity relevant to FinTech investments.
Court Rules Trump Admin's 10% Global Tariff Illegal
The Court of International Trade struck down the temporary 10% global tariff, impacting Washington State firms initially, with the administration appealing. This could influence global trade and FinTech payment flows.
ePayRails Rebrands to Fintainium, Inc.
ePayRails has announced its rebranding to Fintainium, Inc., signaling a new chapter in its FinTech journey focused on payments innovation. Details on the strategic shift were highlighted alongside other payments news.
Backbase Grows to €200M Revenue Ahead of Major Funding Round
Digital banking specialist Backbase achieved over €200 million in organic revenue growth before securing €120M from Motive Partners. The investment targets dominance in engagement banking tech.