Category : Banking

Digital Payments Finance News

Visa Commences Exchange Offer for Class B-1 and Class B-2 Common Stock

Business Wire
by Business Wire0
Visa commenced an Exchange Offer pursuant to which its Class B-1 and Class B-2 common stock may be exchanged for a combination of Visa’s Class B-3 common stock, Visa’s Class C common stock, which will be freely tradeable following temporary transfer restrictions, and, where applicable, cash consideration in lieu of......
Digital Payments Finance News

Galileo Enables SoFi to Send and Receive FedNow® Service Payments

Business Wire
by Business Wire0
SoFi among the first banks to offer members both send and receive payments for 24/7, instant access to their money. Galileo Financial Technologies, SoFi’s technology platform, announced that SoFi, N.A. is offering instant bank transfers via the FedNow® Service powered by Galileo’s payment technology. The new capability lets SoFi members move......
Digital Payments Finance News

Elevex Capital Establishes Industry Advisory Board, Assembling Senior Equipment Finance Leaders to Guide Strategic Growth

Cision PRWeb
by Cision PRWeb0
Seven veteran executives—representing combined leadership across PayNet/Equifax, Huntington Bank, U.S. Bancorp, GE Capital, KeyBank, Ivory Consulting, Accenture, and the ELFA—join the company’s newly formed advisory board Elevex Capital, LLC (“Elevex”), an innovative equipment payment solutions company, today announced the formation of its Advisory Board, appointing seven distinguished leaders whose careers......
Artificial Intelligence Banking Credit Bureaus Finance Guest Posts

Credit Unions and Banks Are Mitigating AI Exposure Through An On-Premise Approach

David Moscatelli
by David Moscatelli0
Artificial Intelligence (AI), specifically agentic and generative AI is changing how financial institutions capture value. While large banks (J.P Morgan Chase and Bank of America) are actively investing billions of dollars and deploying AI, for small to mid-sized banks and credit unions, it’s become a considerably harder challenge. When it......
Digital Payments News Trading

EX.IO Partners with Payment Asia, Joining Hands to Support Hong Kong’s Licensed Stablecoin Ecosystem

PR Newswire
by PR Newswire0
Leading licensed digital asset trading platform EX.IO announced the signing of a Memorandum of Understanding (MOU) with one-stop electronic payment platform Payment Asia. The two parties will jointly explore and expand payment, custody, trading, and application scenarios for regulated stablecoins in Hong Kong. The goal is to build robust infrastructure for regulated stablecoin......
Banking Mortgage News

Community First National Bank Expands Reverse Mortgage Services Nationwide Through Reverse Solutions Division

EIN Presswire
by EIN Presswire0
Lenexa, Kansas-based lender offers FHA-insured and jumbo reverse mortgages to homeowners 62 and older across all 50 states Community First National Bank, a federally insured community bank headquartered in Lenexa, Kansas, has announced expanded availability of its reverse mortgage services through its dedicated Reverse Solutions division. The division offers Home......
Digital Payments Fintech News

OwlTing Group Expands Visa Collaboration to Support U.S. Debit Card Funding of USDC Transactions

GlobeNewswire
by GlobeNewswire0
Visa Direct integration supports a new on-ramp capability across OwlPay’s product suite, enabling eligible U.S. debit cardholders to fund USDC transactions without a standalone exchange account OwlTing Group, the operating brand of OBOOK Holdings Inc., a global fintech company, announced an expansion of its collaboration with Visa, a world leader......
Banking Finance News

Intuit Completes FedNow® Service Certification to Accelerate Instant Payments for Small and Mid-Market Businesses

Business Wire
by Business Wire0
Intuit advances its delivery of faster money access by joining the Federal Reserve’s instant payments network New integration enables instant money movement across Intuit’s money product portfolio, helping businesses eliminate wait times, optimize cash flow, and get paid faster Intuit , the global financial technology platform that makes Intuit TurboTax,......
Artificial Intelligence Banking Blockchain Compliance management DeFi Featured Finance Fintech

How global FinTech is using AI to detect financial crime in real time?

Fintech Staff Writer
by Fintech Staff Writer0
Financial crime is still a big and growing threat to the stability of global financial systems. The volume and complexity of illegal activities have grown a lot in the last few years. This includes fraud, money laundering, cybercrime, and identity theft. As financial systems grow increasingly digitized and connected, fraudsters......
Banking Finance News

Airwallex Appoints Carolyn Renzin as Chief Regulatory and Compliance Officer to Drive Next Phase of Global Growth

Business Wire
by Business Wire0
Airwallex, a leading global financial platform for modern businesses, announced the appointment of Carolyn Renzin as Chief Regulatory and Compliance Officer (CRCO). Based in New York, Renzin will lead Airwallex’s global regulatory and compliance program as the company continues to aggressively scale its financial infrastructure across the U.S., Europe, Latin......
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