In a proactive move to comply with the forthcoming Regulation (EU) 2024/886 on instant credit transfers in euros, commonly referred to as the Instant Payments Regulation (IPR), the European Payments Council (EPC) has announced an early release of its 2025 payment scheme rulebooks. This shift in timing is significant as the rulebooks will come into effect on October 5, 2025,
Credo Technology Group is rapidly gaining prominence in the tech industry, primarily due to its outstanding fiscal second-quarter financial results and an optimistic outlook that has piqued investor interest. The company’s specialization in enhancing data center efficiency, particularly for cloud computing clients, has led to a significant increase in its stock performance. Bank of America has demonstrated strong confidence in
The Central Bank of Libya (CBL) has introduced a new initiative aimed at alleviating the country’s ongoing liquidity crisis while embracing the modern financial era. Through this pioneering program, commercial banks are now authorized to offer interest-free loans for electronic purchases, providing much-needed support to salaried customers who struggle with accessing cash. Detailed in Circular No. 20, drafted by the
In a significant move aimed at enhancing global payment access, dLocal and Spreedly have announced an expansion of their partnership to include emerging markets in Africa and the Asia-Pacific (APAC) region. This development comes as a natural progression of their existing collaboration, which had primarily focused on Latin American markets. By integrating their services, the two companies are set to
In a bid to revolutionize business banking and simplify financial management, myTU has unveiled its new AI-powered business Visa debit card—a cutting-edge, cloud-first digital banking solution designed specifically for businesses. This innovative product has already been rolled out to customers across the entire European Economic Area (EEA), offering them both physical and virtual card options. The new card boasts a
Visa hosted its first Open Payments Session in Cambodia, uniting regulators, experts, merchants, and financial services representatives to discuss the country’s advancing digital payment ecosystem. With e-commerce revenue projected to hit $1.12 billion in 2024 and rise to $1.81 billion by 2029, the landscape is set for significant transformation. Key discussions at the session included the rise of cashless and
Komercijalna Banka AD Skopje, a prominent bank in North Macedonia, has chosen Entrust, a global leader in identity-centric security solutions, to enhance its physical card portfolio. This collaboration focuses on integrating the Entrust Digital Card Solution into Komercijalna Banka’s existing banking app, mBanka, to facilitate seamless digital payment options for its customers. Additionally, BCS North Macedonia, a long-term partner of
The finance industry is undergoing a significant transformation driven by advancements in Artificial Intelligence (AI) and Data Science. These technologies are reshaping traditional banking models and enabling more efficient decision-making processes. As AI and Data Science continue to evolve, their role in the finance sector is expected to become increasingly critical, leading to smarter and more agile financial services. The
Mekorma’s latest Build x96 update for Dynamics GP introduces a myriad of enhancements aimed at revolutionizing accounts payable (AP) processes by providing smarter, more tailored payment methods that promise to elevate efficiency, security, and user experience. Among the standout features is the Vendor Validation Early Access, a tool designed to ensure compliance with bulk Tax Identification Number (TIN) matching, address
The insurtech company Jove has recently made headlines by securing £3.6 million in a seed funding round, aiming to revolutionize contractor insurance with advanced solutions tailored for contractors and small businesses. The seed round was spearheaded by Explorer Investments and included support from various prominent venture capital firms like Seed X, Love Ventures, Portfolio Ventures, New Alpha Asset Management, Exceptional
The recent plunge in Bitcoin prices below the $95,000 mark has sent shockwaves across the cryptocurrency market, reminiscent of the notorious "Thanksgiving Massacre" of 2020, when Bitcoin experienced a dramatic 17% drop. Despite a brief rebound to $95,500, Bitcoin’s price remained weak, standing at $96,972 at the time of writing. This fluctuation has reignited debates among analysts and investors about
The intersection of embedded finance and the FCA’s Consumer Duty is set to redefine the landscape of consumer finance, requiring firms to ensure that financial products and services marketed and sold drive quality outcomes for consumers. This regulatory shift, effective from July 31, 2023, aims to uphold quality consumer outcomes by establishing a standard that mandates financial products and services
