Financing
Layer2 Financial Secures $10.7M Series A to Transform Global Money Movement
Layer2 Financial—the regulated payments infrastructure transforming cross-border payments—is thrilled to announce their $10.7 million Series A funding round. This round was led by Galaxy Ventures, with key participation from Accomplice. The new funding will accelerate Layer2's mission to revolutionize...
Cards & Payments
TerraPay taps ACE Money Transfer to boost global remittances
TerraPay has partnered with ACE Money Transfer to enhance global payouts and enable seamless transactions across borders. Leveraging ACE’s experience in the remittance domain, TerraPay will enhance the end-user experience to solve the complex challenges facing cross-border transactions.
Rehan Ashraf,...
Financing
ThetaRay Revolutionizes AI Financial Crime Detection with Screena Acquisition
ThetaRay, the leading provider of AI-powered financial crime detection technology announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay's continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to...
Asset Management
CBD launches core banking services for virtual asset service provide
Commercial Bank of DubaiCommercial Bank of Dubai, CBD (CBD) has launched dedicated accounts for Virtual Asset Service Providers (VASPs) to manage client money and regulatory prudential requirements.
In recent years, Dubai has emerged as a regional and global hub for...
Cards & Payments
Russia Races to Legalize Crypto as Sanctions Weigh On Firms
Russian lawmakers approved legislation that enables companies to utilize cryptocurrencies for international trade transactions. This move is part of Russia's efforts to circumvent Western sanctions imposed following its invasion of Ukraine.
The legislation is anticipated to take effect in September,...
Financing
UniCredit to acquire Vodeno and Aion Bank in €370m deal
UniCredit has agreed to acquire the entire share capital of Vodeno and Aion Bank in a deal worth approximately €370m. Based in Poland, Vodeno is a fintech company providing banking-as-a-service (BaaS) solution. Aion Bank, on the other hand, is a...
Cards & Payments
ACI Worldwide Extends Strategic Partnership with Worldpay
ACI Worldwide, a global leader in mission-critical, real-time payments solutions, and Worldpay, a leading global provider of payment processing solutions announced an extension of their longstanding partnership. The agreement will see ACI continue to provide critical infrastructure to Worldpay...
Subscribe
- Never miss a story with notifications
- Gain full access to our premium content
- Browse free from any location or device.