News

Banks will have to put aside a large sum of capital to cover their cryptoasset holdings under a proposed law that is supposed to be voted on by lawmakers on January 24. The cross-party compromises will be voted upon...

BENEFIT, an electronic financial transactions services company, signed a Memorandum of Understanding with the Jordanian Payment and Clearing Systems Company (JoPACC). The key focus of the MoU is to foster collaboration and participate in the programs part of the Jordan...

J.P. Morgan Asset Management (JPMAM) announced significant steps in advancing its long-standing commitment to expanding in China. JPMAM has received regulatory approval from the China Securities Regulatory Commission (CSRC) to complete its acquisition of China International Fund Management Co., Ltd....

Lumin Digital has announced a multi-year partnership with California’s Pacific Service Credit Union (Pacific Service CU) to support an enhanced online-banking experience for the credit union’s nearly 70,000 members and more than $1.4 billion in assets. Slated to launch in...

Sunflower Bank, N.A. announced the launch of a new small business lending platform in partnership with SmartBiz, one of the leading AI-powered small business financing platforms. Through a new end-to-end online portal, small businesses in Sunflower Bank, N.A.’s branch...

The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt by e& partnered to launch Erada Microfinance. Erada has the goal of providing access to a wide range of financial services to micro and small enterprises. H.E. Dr. Hala H. ElSaid,...

The Mobile Bank N26 announced the launch of its cryptocurrency product in further markets. Launched late last year in Austria, N26 Crypto will now allow eligible customers in Germany, Switzerland, Belgium, Portugal, and Ireland to buy and sell almost...