The brokerage said the service is set to launch later this year and will provide a range of private banking-style benefits, including high-yield savings, global money transfers, and exclusive event access. According to Deepak Rao, GM and VP of Robinhood Money, “With Robinhood Banking, we’re trying to solve many of the challenges presented by legacy…
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The collaboration is expected to deliver a cost-effective, secure, and mobile-first payment acceptance method, enhancing accessibility for merchants across various industries. SoftPOS, or Software Point of Sale, enables merchants to accept payments directly on smartphones, tablets, or Android mobile devices without requiring additional hardware. Worldline said in its press release that the solution is particularly…
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CME Group revealed it has successfully completed the first phase of integration and testing of Google Cloud Universal Ledger (GCUL), a distributed ledger designed to streamline asset management and financial transactions. The initiative aims to improve collateral, margin, settlement, and fee payments by introducing more efficient digital value transfers. Terry Duffy, Chairman and CEO of…
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The expanded agreement, announced Tuesday, is expected to enable businesses using J.P. Morgan Payments’ network to integrate Affirm’s flexible financing options at checkout. The company explained that it will allow consumers to select biweekly or monthly payment plans, with no late or hidden fees. Affirm’s technology supports transactions ranging from $35 to $30,000 with repayment…
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The brokerage highlighted Hegeman’s extensive expertise in digital advertising, product development, and business strategy. Hegeman currently serves as Chief Revenue Officer at Meta, where he leads the company’s global monetisation strategy. Since joining Meta in 2007, he has reportedly played a key role in shaping its advertising business, overseeing teams across ads, Feed, Stories, notifications,…
Read moreIntegral announced the news in a release on Tuesday, stating that Banco Base is aiming to improve pricing efficiency and maintain a competitive edge in Mexico and Latin America. The firm explained that by adopting Integral’s price engine and liquidity aggregation solutions, Banco Base will be able to automate pricing for FX swaps, eliminating the…
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According to FINRA’s disciplinary notice, posted on Thursday, Tigress onboarded hundreds of high-risk foreign customers between 2018 and 2022, but failed to implement adequate AML procedures to monitor and report suspicious transactions. Furthermore, the regulator says the firm did not tailor its compliance programme to its evolving customer base, which accounted for a majority of…
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The deal marks the largest-ever merger between traditional finance and crypto. Kraken added that the move also strengthens its position as a 24/7 multi-asset trading platform. Founded in 2003, NinjaTrader serves nearly two million traders and operates as a CFTC-registered Futures Commission Merchant (FCM). The acquisition provides Kraken with a direct pathway into the U.S.…
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The deal is expected to strengthen Fiserv’s position in the European payments market, enabling it to accelerate the deployment of its Clover platform while enhancing its merchant and partner network across the Netherlands, Belgium, and Germany. Financial terms of the acquisition were not disclosed. Founded in 1958 in Arnhem, CCV has a long history of…
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The financial solutions provider saw 20% organic revenue growth, excluding contributions from Cobase, which was acquired in late 2023. Revenue from the Private Markets (formerly labelled institutional) division increased 20% to £69 million, while the Corporate division grew 21% to £63.8 million. Cobase contributed £2.9 million, up from just £0.2 million in the prior year.…
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