Category: digital currencies

Digital banking solutions provider Moneythor launched a new engagement tool for wealth managers. The new offering is designed to help wealth managers leverage client data to create more personalized experiences that help customers build their wealth. Moneythor was a finalist in this year’s Finovate Awards in the “Best Fintech Partnership” category. Moneythor, a Finovate Awards…

Payments fintech Marqeta has unveiled a suite of seven banking products in an expansion of its platform.  The Marqeta for Banking app includes modular tools built on a single, integrated platform using open APIs, Simon Khalaf, chief product officer, told Bank Automation News.  “Similar to our card-issuing platform, Marqeta’s open APIs power our banking services,…

Stripe Inc., one of the world’s most valuable startups, will cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn. The payments company will cut its workforce by 14% this week, returning headcount to the almost 7,000 total from February, co-founders Patrick and John Collison said in an…

MoneyGram is enabling its customers in (nearly all of) the U.S. to buy, sell, and hold cryptocurrencies via their MoneyGram apps. Three cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) – are the digital assets available courtesy of the new service. MoneyGram expected to offer other cryptocurrencies in 2023. “Cryptocurrencies are additive to everything…

Open banking company MX and real-time payments player Orum have formed a partnership. The agreement integrates Orum’s money movement API with MX’s instant account verification and balance check capabilities. Combining these technologies will enable fintechs to embed real-time payment capabilities into their own offerings. Open banking company MX announced a partnership with real-time payments player…

Legal & General and Lloyds Banking Group have invested $40 million (£35 million) in open data and payments platform Moneyhub. Along with the equity capital, Moneyhub received an additional $5.7 million (£5 million) debt facility courtesy of Shawbrook. Moneyhub made its Finovate debut at FinovateEurope in 2015 in London. Samantha Seaton is CEO. The $40…

E-bill platform Citi Present and Pay has integrated with digital payment service Spring by Citi to create an electronic bill presentment and digital payment acceptance capability for Citi’s institutional clients. The solution allows Citi customers to provide digital billing and collect payments through one technical integration, according to a release. “The integration of Spring by…

Financial technology provider Kasasa is partnering with 50 community banks around the U.S. on Finder, a new tool that allows banking customers to search by zip code to find local financial institutions (FIs) that offer Kasasa rewards accounts.  Finder runs on data input from FIs via Salesforce. Partnering banks including German Valley, Ill.-based, $230 million…

Financial technology provider Kasasa is partnering with 50 community banks around the U.S. on Finder, a new tool that allows banking customers to search by zip code to find local financial institutions (FIs) that offer Kasasa rewards accounts.  Finder runs on data input from FIs via Salesforce. Partnering banks including German Valley, Ill.-based, $230 million…

Here is our pick of the 3 most important stablecoin stories during the week. How do you regulate Stablecoins?  This week we saw two major jurisdictions (Singapore and the U.K.) wrestle with this issue, while we got another reminder of what can go wrong when you have an “anything goes” unregulated approach. First, the Monetary Authority…