News - page 21

Falcon Finance And Anchorage Digital Bank Launch fUSD Stablecoin On Ceffu With 3% Institutional Rewards Target
Blockchain & Crypto

Falcon Finance And Anchorage Digital Bank Launch fUSD Stablecoin On Ceffu With 3% Institutional Rewards Target

Falcon Finance and Anchorage Digital Bank, N.A. have launched fUSD, a U.S. dollar payment stablecoin issued in compliance with GENIUS Act, federal framework for payment stablecoins enacted on 18 July 2025. The stablecoin is available on Ceffu’s institutional custody and collateral infrastructure.

Revolut Begins Rollout of Hungarian IBANs Following Local Branch Launch
Fintech & Ecommerce

Revolut Begins Rollout of Hungarian IBANs Following Local Branch Launch

Fintech company Revolut has started rolling out Hungarian IBANs to retail customers following the launch of its local branch in Hungary.

Cashfree Payments Reports ₹1,000 Crore FY26 Revenue, Targets Full-Year EBITDA Profitability In FY27
Fintech & Ecommerce

Cashfree Payments Reports ₹1,000 Crore FY26 Revenue, Targets Full-Year EBITDA Profitability In FY27

Indian fintech company Cashfree Payments said it recorded revenue of around ₹1,000 crore in FY26 and achieved EBITDA profitability in March 2026. The company is now targeting full-year EBITDA profitability in FY27.

DECTA Study: 77% Of Digital Banking App Users Have Had a Payment Blocked, Chatbots Resolved Issues Just 11% Of The Time
Fintech & Ecommerce

DECTA Study: 77% Of Digital Banking App Users Have Had a Payment Blocked, Chatbots Resolved Issues Just 11% Of The Time

Payment infrastructure company DECTA has published findings from a study examining two specific failure points in digital banking and payment apps: the frequency with which automated systems block or decline user transactions, and the rate at which AI chatbots subsequently fail to resolve the resulting issues.

Alipay Launches AI Wallet and Token Pay Services With 300 Million Transactions Recorded to Date
Fintech & Ecommerce

Alipay Launches AI Wallet and Token Pay Services With 300 Million Transactions Recorded to Date

On May 26, Alipay, which is an Ant Group digital payments company, introduced two solutions at its AI Payment Ecosystem Conference in Hangzhou: AI Wallet and Token Pay.

Nayax Adds AI-Powered Product Discovery To Its Retail Platform, Processing 3.5 Billion Transactions Yearly
Fintech & Ecommerce

Nayax Adds AI-Powered Product Discovery To Its Retail Platform, Processing 3.5 Billion Transactions Yearly

The Nayax platform, which offers payment solutions as well as a comprehensive suite of tools for building loyalty with customers, has recently introduced a range of new product discovery and personalization features underpinned by AI capabilities that enable retailers to better serve their customers.

TransFi Names Victor Lucena As LATAM CEO Amid $19.2M Funding Expansion
Fintech & Ecommerce

TransFi Names Victor Lucena As LATAM CEO Amid $19.2M Funding Expansion

Global payments infrastructure provider TransFi has announced that Victor Lucena has been appointed as the company’s new chief executive officer for Latin America, as the company expands its cross-border payments and stablecoin capabilities in the region.

SoFi Acquires Peach Finance To Expand Loan Servicing Technology
Fintech & Ecommerce

SoFi Acquires Peach Finance To Expand Loan Servicing Technology

SoFi, a digital financial services provider, has acquired Peach Finance, a lending infrastructure startup. No financial details have been disclosed for this transaction.

Farther Raises $150m Series D as Recruited Assets Surpass $23B
Fintech & Ecommerce

Farther Raises $150m Series D as Recruited Assets Surpass $23B

Farther, a wealth management platform, has raised $150 million in a Series D funding round that was led by General Atlantic and joined by existing investors including CapitalG, Bessemer Venture Partners, Cota Capital and MassMutual Ventures.

Peach Payments and PayJustNow Roll Out BNPL Integration Across Digit Pro POS Devices
Fintech & Ecommerce

Peach Payments and PayJustNow Roll Out BNPL Integration Across Digit Pro POS Devices

PayJustNow, a South African payment solution for merchants that offers a “Buy Now, Pay Later” (BNPL) service, is now fully integrated with Peach Payments’ Digit Pro point-of-sale (POS) terminal solutions.

Cinode Reports Negative Growth in Nordic Consulting Sector in Q1 2026
Finance & Economics

Cinode Reports Negative Growth in Nordic Consulting Sector in Q1 2026

Results in the Swedish and Finnish consulting sectors were mixed during Q1 2026. According to the most recent findings of Cinodes’ analysis of publicly listed consulting firms Q1 financial statements, growth for the period continues to be slightly negative, and headcount has continued to decline after several quarters of improvement following the second half of […]

Affiliate Leaders Awards 2026 Nears Entry Deadline Ahead of Lisbon Ceremony
Society & Lifestyle

Affiliate Leaders Awards 2026 Nears Entry Deadline Ahead of Lisbon Ceremony

Companies and individuals have less than one month left to submit nominations for the Affiliate Leaders Awards 2026, with entries closing on Thursday, 11 June.

ARMA Bitcoin Reserve Bill Introduced in US Congress With 20-Year Holding Requirement and Up To 1M BTC Target
Blockchain & Crypto

ARMA Bitcoin Reserve Bill Introduced in US Congress With 20-Year Holding Requirement and Up To 1M BTC Target

Congressman Nick Begich has put forth legislation in U.S. Congress to create a national framework for a Bitcoin reserve to be administered by the U.S. Treasury under legislation known as the American Reserves Modernization Act of 2026, (ARMA).

AI to Automate 50% Tasks in Financial Services Roles, UK Report Says
Finance & Economics

AI to Automate 50% Tasks in Financial Services Roles, UK Report Says

A UK government-commissioned report by the Financial Services Skills Commission (FSSC) estimates that artificial intelligence (AI) could automate around 30% to 50% of tasks in most financial services roles.

Meta, YouTube, Snap and TikTok Settle Breathitt County Schools Lawsuit Ahead of June 15 Trial
Society & Lifestyle

Meta, YouTube, Snap and TikTok Settle Breathitt County Schools Lawsuit Ahead of June 15 Trial

Meta has reached a settlement out of court with the Breathitt County Schools regarding a lawsuit alleging that social media, including YouTube, Snap, TikTok, and others, were designed to harm school age students.

Paystack Launches Rebuilt Dashboard With AI-Native Command Center After 10 Years
Fintech & Ecommerce

Paystack Launches Rebuilt Dashboard With AI-Native Command Center After 10 Years

Africa-focused fintech firm Paystack has introduced a redesigned version of its merchant Dashboard, driven by AI tech, which the company describes as its first full rebuild in approximately 10 years.