Category: FinTech & Digital Payments

Global banking institution HSBC has officially launched its first stablecoin, known as RedCoin, for public use. The introduction of this digital asset marks a notable step in the bank’s digital finance strategy.

As a stablecoin, RedCoin is designed to function within the broader digital economy, following a series of institutional and retail-focused movements by major global banks toward blockchain-based financial instruments. While the announcement confirms the availability of the asset, further technical specifications regarding its underlying network, collateralization model, and specific use cases remain limited at this time.

The move signifies an expansion of HSBC’s involvement in digital assets, potentially impacting how the bank integrates blockchain technology into its existing payment infrastructure. Future developments are expected to provide more clarity on how the institution intends to scale the adoption of RedCoin among its global customer base.

Source: Finextra
Original article: https://www.finextra.com/newsarticle/48638/hsbc-launches-first-stablecoin?utm_medium=rssfinextra&utm_source=finextrafeed

Cognitive Credit, a provider specializing in corporate credit data, analytics, and artificial intelligence technology, has announced the successful completion of a $40 million strategic growth investment. The funding round was led by Summit Partners, with additional participation from ETFS Capital.

The company plans to utilize the capital injection to scale its operations and further enhance its specialist data and AI-driven solutions tailored for credit markets. By focusing on advanced analytics, Cognitive Credit aims to support the evolving data needs of market participants in the corporate credit space.

The investment reflects continued institutional interest in leveraging AI to improve data processing and decision-making within financial markets. As credit markets increasingly rely on automated data analysis, firms such as Cognitive Credit seek to provide tools that streamline complex credit assessments.

Source: Finextra
Original article: https://www.finextra.com/newsarticle/48635/cognitive-credit-raises-40m-to-scale-specialist-data-and-ai-for-credit-markets?utm_medium=rssfinextra&utm_source=finextrafeed

Verisave, a specialist in payments optimization solutions, has announced the appointment of Chris Lefebvre as its new Chief Executive Officer. The appointment took effect on October 1, 2026.

Lefebvre joins Verisave from Fiserv, a prominent global provider of financial services technology. His transition into the top leadership role is part of a broader shift in the company’s executive structure.

Jeremy Layton, who previously served as Verisave’s CEO, will move into the role of Founder and Chief Commercial Officer. According to the company, this transition is intended to maintain strategic continuity as the organization moves forward under new leadership.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111419/verisave-names-former-fiserv-exec-chris-lefebvre-ceo?utm_medium=rssfinextra&utm_source=finextrafeed

BitGo Holdings, Inc. and Kalshi Prime have announced the launch of a new service dubbed HODL Margining. This network is designed to allow eligible customers to meet fiat margin obligations by utilizing their existing cryptocurrency holdings as collateral, eliminating the requirement to sell these digital assets to secure liquidity.

As part of this initiative, BitGo Bank & Trust, a subsidiary of the digital asset infrastructure firm BitGo, has joined the network as its inaugural custodian. BitGo Bank & Trust is an OCC-regulated digital asset trust bank.

By enabling the use of crypto assets for margin funding, the collaboration aims to provide a mechanism for customers to maintain their digital asset positions while simultaneously managing their margin requirements in the Kalshi Prime network.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111420/kalshi-and-bitgo-allow-customers-to-unlock-crypto-liquidity-for-margin?utm_medium=rssfinextra&utm_source=finextrafeed

SoFi Technologies, Inc. (NASDAQ: SOFI) has officially entered the tokenised assets space with the launch of its new product, SoFi Earn, marketed as SOFIE. The company, which describes itself as an “everything app” for digital financial services, states that this initiative represents the first national bank-issued tokenised deposit available to consumers.

By leveraging tokenisation technology within a regulated banking framework, SoFi is moving to integrate digital asset infrastructure with its existing retail banking services. This development highlights a continued shift toward incorporating blockchain-based mechanisms into traditional consumer financial offerings.

As of this announcement, specific technical details regarding the underlying blockchain architecture or the operational mechanics of the SOFIE tokens were not disclosed. DEROBS will continue to monitor the impact of this product launch on the digital finance sector.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111421/sofi-launches-tokenised-deposits?utm_medium=rssfinextra&utm_source=finextrafeed

Bloomberg has announced an update to its Crypto Exposure Analytics tool, designed to assist financial institutions in managing regulatory compliance regarding digital assets. The enhanced platform now supports the assessment of bank exposures to crypto assets and tokenized real-world assets in accordance with the standards set by the Basel Committee on Banking Supervision (BCBS).

The integration aims to provide institutions with a scalable framework for navigating the evolving prudential requirements governing digital asset holdings. As financial entities increasingly engage with tokenized assets, the ability to accurately classify and report these exposures has become a key operational requirement for meeting international regulatory benchmarks.

By incorporating these specific BCBS guidelines, Bloomberg’s solution seeks to help market participants streamline their risk management and compliance processes for crypto-related portfolios.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111416/bloomberg-enables-scalable-crypto-asset-exposure-classification-under-base-framework?utm_medium=rssfinextra&utm_source=finextrafeed

At the Sibos 2026 conference, Gregg Bell, Chief Information Officer at Hashgraph, addressed the ongoing challenge of balancing speed and data security within blockchain networks. His presentation focused on improving the infrastructure underlying Web3 settlements to better serve the requirements of global financial institutions.

A core focus of the discussion was the move away from traditional blockchain bridges, which Bell characterized as carrying inherent risks. By replacing these mechanisms, the objective is to establish settlement processes that are not only faster but also provide robust privacy and security features essential for institutional finance.

As digital ledger technologies continue to be explored for international financial operations, the industry remains focused on developing solutions that can handle high-volume transactions without compromising the confidentiality or integrity of sensitive financial data.

Source: Finextra
Original article: https://www.finextra.com/videoarticle/3626/how-to-balance-blockchains-speed-and-privacy-flaws?utm_medium=rssfinextra&utm_source=finextrafeed

Sam’s Club has announced an exclusive, multi-year partnership with financial technology firm Affirm to offer buy now, pay later (BNPL) services to its members. The collaboration aims to provide shoppers with flexible, predictable methods to manage their payments for eligible transactions.

According to the company, Affirm will be integrated into the checkout process on SamsClub.com in the coming weeks. The companies have also outlined plans to expand the availability of Affirm’s payment services to physical Sam’s Club retail locations by 2027.

This partnership marks a significant development for Sam’s Club as it seeks to offer more payment flexibility within its digital and physical retail environment. By leveraging Affirm’s platform, the retailer intends to provide a streamlined alternative to traditional financing methods for its customer base.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111417/sams-club-picks-affirm-for-bnpl?utm_medium=rssfinextra&utm_source=finextrafeed

TD Bank US has officially entered into a partnership with Akoya, a move aimed at enhancing the framework for financial data sharing. The collaboration is designed to facilitate a more secure, transparent, and consumer-controlled environment for handling financial information at scale.

By leveraging Akoya’s infrastructure, the partnership focuses on modernizing how financial data is accessed and shared, aligning with broader industry shifts toward open banking models that emphasize user privacy and data security. The initiative is intended to provide customers with greater control over their financial data, ensuring that sharing processes remain both transparent and protected.

This partnership reflects a growing emphasis within the digital economy on standardizing and securing the exchange of financial information between institutions and third-party services, a core component of contemporary open banking strategies.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111418/td-bank-us-partners-akoya-for-open-banking?utm_medium=rssfinextra&utm_source=finextrafeed

Digital asset and stablecoin infrastructure provider Fireblocks has formally addressed and dismissed circulating reports claiming that the company is engaged in acquisition discussions with global payments giant Visa.

Recent media speculation had suggested that a deal valued at $2.5 billion was under consideration. In response to these claims, Fireblocks stated that the reports are “news to us,” distancing the organization from any such proposed merger or acquisition activity.

As of this reporting, no official confirmation from either party has emerged to support the existence of such negotiations, and the infrastructure firm has characterized the claims as unfounded.

Source: Finextra
Original article: https://www.finextra.com/newsarticle/48636/fireblocks-pours-cold-water-on-reports-of-25bn-acquisition-talks-with-visa?utm_medium=rssfinextra&utm_source=finextrafeed