A move by Europe to a one-day settlement cycle (T+1) could bring significant benefits but would face a host of barriers, cautions a paper from Association for Financial Markets in Europe (Afme).
Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $51.5 million in a Series B funding round led by Andreessen Horowitz's growth fund.
The Hong Kong Monetary Authority has committed to rolling out a retail central bank digital currency (CBDC) after a positive response to consultations scoping out the technical and policy perspectives.
Maslife, the world's first alternative banking and wellness app which helps users manage their finances, while helping them to improve their mental and physical health, has partnered with Thames Technology, the UK-based leading manufacturer of payment, gift, loyalty, membership, and commercial card products, to supply payment cards to its financial platform customers.
Higlobe, a US startup founded by a former Google and Spotify executive, has raised $14 million to launch a subscription-based cross-border money transfer service for freelance workers, using stablecoins to transfer money quickly.
Chains.com, a developer of a stack of interconnected cryptocurrency and NFT products for retail users and SMBs, incorporates a suite of award-winning digital-asset custody, transfer, and settlement technology from Fireblocks to implement the highest level of security protocols and protect customers' digital assets via its secure wallet infrastructure as well as its own treasury and funds.
