Category: FinTech & Digital Payments

N26 has announced the appointment of a new chief communications officer. This leadership update comes as the digital bank pivots to prioritize its next phase of growth and organizational maturity.

The company stated that its current strategy focuses on scaling operations within its core European markets: Germany, France, Italy, and Spain. By concentrating on these regions, the bank aims to reinforce its position and leadership within the European digital banking sector.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111386/n26-appoints-chief-comms-officer?utm_medium=rssfinextra&utm_source=finextrafeed

Global software developer Devexperts has announced the launch of a new, dedicated cryptocurrency trading interface for its flagship multi-asset trading platform, DXtrade. The software, which operates as a white-label solution for capital markets, is intended to expand the platform’s capabilities to better serve firms involved in digital asset markets.

By integrating a specialized interface for cryptocurrency, Devexperts aims to provide a more focused experience for traders and institutions utilizing the DXtrade ecosystem. This addition follows the company’s broader focus on providing technology solutions for the capital markets sector, facilitating trading across various asset classes.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111387/dxtrade-launches-white-label-crypto-interface?utm_medium=rssfinextra&utm_source=finextrafeed

Twelve Securis has selected the Fusion platform, developed by FinTech provider Fund Recs, to enhance its operational control framework. The firm will leverage the platform to manage several critical back-office functions.

According to the announcement, the integration covers cash reconciliation and position reconciliation, as well as the firm’s EMIR (European Market Infrastructure Regulation) oversight processes. By utilizing the Fusion platform, Twelve Securis aims to support these operational requirements through the provider’s automated reconciliation technology.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111389/twelve-securis-selects-fund-recs-for-operational-controls?utm_medium=rssfinextra&utm_source=finextrafeed

In the evolving landscape of global financial regulation, the imposition of multi-billion dollar anti-money laundering (AML) fines on financial institutions remains a recurring issue. These significant financial penalties raise critical questions regarding the root causes of compliance failures within the sector.

The discussion centers on distinguishing whether such large-scale regulatory enforcement is primarily the result of deliberate bad intentions within institutions, deep-seated flaws in current compliance systems, or if financial entities are being held to standards that are fundamentally impossible to meet. As digital transformation continues to reshape finance, the effectiveness and reliability of AML infrastructure are under increasing scrutiny by regulators and institutions alike.

Source: Finextra
Original article: https://www.finextra.com/blogposting/33241/billions-in-aml-fines-bad-intentions-bad-systems-or-impossible-expectations?utm_medium=rssfinextra&utm_source=finextrafeed

UK-based global banking institution Standard Chartered is set to acquire Zodia Custody, a move that positions the bank to expand its capabilities within the digital assets sector.

Zodia Custody specializes in providing digital asset custody services, a critical infrastructure component for institutional market participants looking to securely hold and manage cryptocurrency and other digital tokens. By bringing this entity into its fold, Standard Chartered adds dedicated digital asset storage and management expertise to its existing global banking infrastructure.

While the acquisition marks a development in the integration of traditional banking and digital finance, further details regarding the financial terms of the deal or the anticipated integration timeline were not provided in the initial announcement.

Source: Finextra
Original article: https://www.finextra.com/newsarticle/48627/standard-chartered-to-acquire-zodia-custody?utm_medium=rssfinextra&utm_source=finextrafeed

As digital payment ecosystems evolve, the integration of advanced authentication methods and autonomous agent-based systems has become a focal point for secure commerce. Recent industry discussions, such as those led by Vladyslav Kolodistyi, highlight the shift toward combining passkeys—a passwordless authentication standard—with agentic checkout processes to streamline user verification while enhancing security.

Passkeys are designed to replace traditional passwords by leveraging cryptographic key pairs, which mitigate risks associated with credential theft and phishing. When applied to the checkout flow, these credentials provide a robust layer of identity verification that reduces friction for the consumer.

The emergence of agentic checkout represents a shift where autonomous agents are increasingly responsible for navigating the purchasing journey. Authenticating these agents, and the transactions they facilitate, presents new security considerations. By incorporating secure, device-bound authentication standards like passkeys, organizations aim to establish a reliable foundation for verifying automated purchasing processes, ensuring that transactions remain secure as the role of AI agents in digital commerce continues to expand.

Source: Finextra
Original article: https://www.finextra.com/blogposting/33115/passkeys-and-agentic-checkout-vladyslav-kolodistyi-on-authenticating-payments?utm_medium=rssfinextra&utm_source=finextrafeed

The integration of Buy Now, Pay Later (BNPL) services into broader financial ecosystems continues to prompt discussion regarding consumer credit management and reporting standards. As BNPL products become increasingly prevalent in the digital economy, the question of how these short-term installment payments should be recorded by credit bureaus remains a central topic for industry stakeholders and consumer advocates.

Discussions regarding “Pay in Three” models—where consumers split purchases into three equal installments—often center on whether these transactions should be formally reported to credit bureaus. Proponents of mandatory reporting argue that including this data could provide a more comprehensive view of an individual’s financial behavior, potentially helping those with limited credit histories build a track record. Conversely, there is ongoing debate about how such reporting might impact existing credit score models and whether the nature of BNPL debt, which is typically interest-free and short-term, is accurately reflected by traditional credit risk assessment frameworks.

As regulators and financial institutions evaluate the implications of these lending models, the objective remains to balance consumer convenience with transparency and responsible lending practices. Monitoring the evolution of these reporting requirements is essential for understanding the future trajectory of consumer credit in the digital era.

Source: Finextra
Original article: https://www.finextra.com/blogposting/33116/pay-in-three-report-to-the-bureau-vladyslav-kolodistyi-on-bnpl-credit-scores-and-consumer?utm_medium=rssfinextra&utm_source=finextrafeed

TreviPay, a global infrastructure partner specializing in B2B payments, has announced that its ‘Pay By Invoice’ service is now generally available for eligible Walmart Business customers.

This development integrates TreviPay’s payment infrastructure into the existing Walmart Business platform, allowing qualifying business clients to utilize invoice-based payment options for their commercial purchases. The move is designed to streamline the purchasing experience by providing businesses with greater flexibility in managing their B2B transactions through the retail giant.

While the announcement confirms the expansion of this capability, specific details regarding eligibility criteria and the technical implementation timeline remain limited to the company’s recent statement.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111390/trevipay-expands-pay-by-invoice-availability-for-walmart-business-customers?utm_medium=rssfinextra&utm_source=finextrafeed

MoonPay, a company specializing in global cryptocurrency payments and stablecoin infrastructure, has announced a new strategic collaboration with Dunamu. The partnership focuses on the development of global financial infrastructure built upon digital assets.

While specific technical details of the collaboration remain limited, the initiative aims to leverage the respective strengths of both companies in the digital asset and financial technology sectors. MoonPay is recognized for providing infrastructure that facilitates the movement of digital currencies, and this collaboration with Dunamu represents a push to expand its reach within the broader ecosystem of digital-asset-based financial systems.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111378/moonpay-and-dunamu-collaborate-on-digital-asset-infrastructure?utm_medium=rssfinextra&utm_source=finextrafeed

Ebury Institutional, a division of the global financial solutions firm Ebury, has announced the expansion of its service portfolio with the addition of new escrow and paying agent capabilities. The company, which specializes in providing treasury solutions for institutional clients, intends for these new features to assist in managing fund flows during high-value, complex transactions.

By integrating these functions into its existing platform, Ebury aims to provide institutional users with more robust tools for handling intricate financial arrangements. This development expands the firm’s suite of services beyond its core treasury offerings, targeting the specific needs of organizations involved in complex payment structures.

Source: Finextra
Original article: https://www.finextra.com/pressarticle/111380/ebury-adds-escrow-and-paying-agent-capabilities?utm_medium=rssfinextra&utm_source=finextrafeed