JP Morgan has announced their partnership with Cleareye.ai to bring ClearTrade, a trade financing digitising solution, to banks. The platform will be integrated into JP Morgan's Trade Processing System that has rolled out in the APAC region and will be launched globally in the coming months.
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.
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).
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.
