Paysafe and Fiserv Expand Long-Term Partnership LeapRate

May 12, 2025 BY Sam Boughedda

Paysafe and Fiserv Expand Long-Term Partnership

The enhanced partnership will focus on capital access, fraud protection, and digital wallet services. As part of the collaboration, Paysafe will integrate Fiserv’s Clover Capital solution, enabling SMBs to access funding more easily to support growth. The partnership is also expected to see Paysafe adopt Fiserv’s Data-as-a-Service platform to bolster fraud prevention capabilities, further safeguarding…

May 09, 2025 BY Sam Boughedda

SEC Announces Settlement Agreement With Ripple and Two Executives

The move potentially ends a long-running civil enforcement action filed in December 2020. Under the terms of the agreement, the SEC and Ripple will jointly ask the district court to consider dissolving an injunction imposed in an August 2024 judgment and to release funds held in escrow. That escrow account currently holds a $125 million…

May 09, 2025 BY Sam Boughedda

Coinbase to Acquire Crypto Options Exchange Deribit for $2.9bn

The acquisition will see Coinbase pay $700 million in cash and issue 11 million shares of its Class A stock. The deal is expected to close by the end of 2025. Deribit has roughly $30 billion in open interest and processed more than $1 trillion in trading volume last year in its key markets, largely…

May 09, 2025 BY Sam Boughedda

Webull Financial Hit With $1.6m Fine By FINRA

The failings are said to include inadequate oversight of paid influencers and widespread disclosure lapses affecting millions of clients. FINRA said Webull failed to supervise or retain records of promotional content produced by more than 400 paid social media influencers between January 2019 and December 2022. They add that some of the content contained exaggerated…

May 08, 2025 BY Sam Boughedda

HSBC Announces TradePay For Import Duties Amid Tariff Uncertainty

The new service, HSBC TradePay for Import Duties, is said to enable businesses to streamline duty payments while optimising working capital. By allowing HSBC to settle import duty payments directly, either via pre-agreed credit terms with brokers or through ACH credits, HSBC said clients can access credit and make payments in a single transaction. “Clients’…

May 08, 2025 BY Sam Boughedda

StoneX Revenues Rise, But FX/CFD Contracts Segment Declines in Q2

Net income increased 35% to $71.7 million, while diluted earnings per share rose 29% to $1.41. Executive Vice Chairman Sean O’Connor credited the gains to “solid performance across a wide range of our products and segments,” citing increased market volatility and strong client engagement as positive drivers. Return on equity rose to 15.7%, up from…

May 08, 2025 BY Sam Boughedda

CMC Markets Takes a Controlling 51% Stake in StrikeX Technologies

The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…

May 07, 2025 BY Sam Boughedda

ASIC Imposes Additional Conditions on Macquarie Bank's Australian Financial Services Licence

ASIC added that one of the compliance failures went undetected for over a decade. They relate to Macquarie’s futures dealing operations and over-the-counter (OTC) derivatives trade reporting. ASIC’s action requires the bank to develop a remediation plan, appoint an independent expert to review the plan and assess the effectiveness of the remediation in preventing future…

May 07, 2025 BY Sam Boughedda

Ant International, Barclays Partner on Global Treasury Management with AI-Powered FX Model

The company introduced a new FX solution that aims to lower costs and improve risk forecasting for businesses navigating currency volatility. At the core of the collaboration is Ant’s proprietary Time-Series Transformer (TST) AI FX Model, which is said to forecast cashflow and foreign exchange exposure with over 90% accuracy. The model, trained using time-series…

May 07, 2025 BY Sam Boughedda

Webull Partners with Visa

The company explained that the partnership integrates Visa Direct, Visa’s real-time payments solution, into the Webull U.S. platform. This is said to enable instant transfers between Webull brokerage accounts and external bank accounts, an upgrade from traditional methods such as ACH transfers, which can take several days. "Webull has always been committed to improving access…