EBANX has appointed Marin Mignot as Chief Operating Officer (COO) as the company continues its expansion across more than 20 countries, including its recent entry into the Philippines. The cross-border payments firm has tasked the French executive with strengthening operational efficiency and supporting sustainable growth across its key markets in Latin America, Africa, and Southeast Asia. “My focus at EBANX will be on refining processes, strengthening structure, boosting efficiency, and driving growth,” said Mignot. “Think of it as a plane already flying high that needs a faster, more powerful engine to go even further.” Mignot brings an aerospace engineering background…

Morgan Stanley has launched a dedicated research product covering private companies, joining rivals such as JPMorgan Chase and Citigroup amid growing investor interest in unlisted startups. The bank this week opened a page for private-company content on its research portal, which “will spotlight the innovators and trends that are reshaping traditional business paradigms,” according to an internal memo seen by Bloomberg. The page will feature reports on private companies’ impact on public-market competitors, research on individual firms, a series on venture capital activity, and multimedia content. Katy Huberty, Morgan Stanley’s Global Director of Research, said in an interview: “Now more…

Singapore and Germany have agreed to work on tokenised cross-border settlement under a new MoU between the Monetary Authority of Singapore (MAS) and the Deutsche Bundesbank. The cooperation aims to improve international financial transactions, including flows between both countries. The agreement covers joint development of settlement solutions that can reduce the cost and processing time of cross-border transfers. The two central banks will also promote common standards for payments, foreign exchange and securities flows involving tokenised assets to support interoperability across digital asset platforms. The partnership builds on MAS’ Project Guardian, launched in 2022 to explore how asset tokenisation can…

Zürcher Kantonalbank has announced the first close of its second Swiss Growth Fund, securing capital commitments of CHF 171.65 million. The fundraising process began in March 2025 and has, within eight months, reached nearly the total amount raised by the first Swiss Growth Fund, which closed in March 2020 at CHF 180.6 million. The number of investors has also risen from 36 in the previous fund to 45 in this second fund. “The result reflects the trust placed in us by both existing and new investors, especially in a challenging fundraising environment,” said Iwan Deplazes, Head of Asset Management at…

The Board of Directors of radicant bank has decided, in consultation with its majority shareholder, Basellandschaftliche Kantonalbank (BLKB), to cease its business operations. radicant holding ag and radicant business services ag will also cease their activities. On September 23, the BLKB Board resolved to end its engagement with radicant. Following a review of various sale options, no solution could be found to continue the bank’s operations. Consequently, the radicant Board, in coordination with BLKB, has decided to cease business activities. The planned exit from banking will be carried out in an orderly manner, in the interests of customers, employees, and external partners.…

The Bank of England has published a consultation paper setting out its proposed regulatory framework for sterling-denominated systemic stablecoins. These stablecoins are a new form of digital money designed to maintain a stable value and could be used for retail payments and wholesale settlement in the future. The consultation represents a step towards preparing for a future in which new types of digital money may be used alongside existing forms, providing additional options for payments. The proposals build on feedback received in response to the Bank’s November 2023 discussion paper and reflect its role in maintaining public trust in money…

TransferMate, an Ireland-based provider of embedded B2B payments infrastructure-as-a-service (IaaS), has partnered with Germany’s SAP to offer cross-border payment services to businesses using SAP solutions. Through the partnership, TransferMate acts as a non-bank payments provider integrated with SAP Multi-Bank Connectivity, enabling businesses to process international payments directly within their SAP Cloud ERP or SAP S/4HANA Cloud environments without relying on external platforms. SAP Multi-Bank Connectivity allows SAP Cloud ERP and SAP S/4HANA Cloud users to link with payment providers to send and receive funds securely. The integration gives businesses access to TransferMate’s services for global payables, receivables, and stored funds…

US-based private equity firm Thoma Bravo is set to extract around US$1bn from US cybersecurity company Ping Identity through a dividend recapitalisation financed by new syndicated debt, according to Bloomberg. Ping Identity, headquartered in Denver, provides identity security solutions to enterprise clients. The firm is arranging a US$1.8bn broadly syndicated loan to refinance Ping’s existing US$792m private credit facility and fund a US$1.12bn dividend payment to shareholders. The deal, led by JPMorgan Chase, marks one of the largest private credit-to-syndicated market refinancings of 2025. Thoma Bravo took Ping private in 2022 in a US$2.8bn acquisition, financed partly by US$1bn of…

MoneyGram has announced a strategic partnership with Oscilar, an AI risk decisioning platform, to strengthen its next-generation risk infrastructure. The collaboration supports MoneyGram’s AI-first strategy by integrating real-time risk intelligence across its global network to improve efficiency, agility, and performance. To maintain high compliance and consumer protection standards, MoneyGram is enhancing its systems with adaptive risk intelligence through Oscilar’s platform. “At MoneyGram, we’re reimagining the future of work by embracing AI across all corners of the organisation,” said Anthony Soohoo, Chief Executive Officer at MoneyGram. “As part of our transformation, we’re investing in next-generation intelligent infrastructure, positioning ourselves for smarter,…

Revolut is reportedly preparing to open a new branch in Stockholm this year as part of its strategy to strengthen its presence across the Nordic region and compete directly with Klarna. According to Retail Banker International, the UK-based digital bank aims to grow its Nordic customer base from two million to three million by the end of next year, with Sweden accounting for roughly half of its regional users. The expansion not only positions Revolut against Klarna but also challenges established Nordic banks that currently dominate household deposits, said Antoine Le Nel, Revolut’s Chief Growth Officer. The forthcoming Stockholm branch…

VAST Data, the AI operating system company, has signed a commercial agreement worth US$1.17 billion with CoreWeave, a cloud provider for AI workloads. The expanded partnership confirms CoreWeave’s continued use of the VAST AI OS as its primary data platform. The VAST AI OS enables CoreWeave’s infrastructure to provide access to large datasets and support both training and inference workloads. Its scalable architecture allows deployment in any data centre without concerns over platform reliability or scale. Under the expansion, CoreWeave and VAST will offer data services across the full stack, optimising pipelines and supporting model development. “At VAST, we are…

OSL Group, a stablecoin trading and payment infrastructure provider in Asia, has entered a strategic cooperation with Bank Frick. The partnership gives OSL access to on/off-ramp services for multiple fiat currencies, allowing regulated exchanges between fiat and digital assets for OSL and its institutional clients. As part of the cooperation, OSL is integrated into Bank Frick’s xPULSE network, a system that facilitates instant fiat transfers with established regulatory and operational standards. George Qiao, Head of Trading & Fiat at OSL Group, said: “Access to Bank Frick’s xPULSE network provides our clients with a reliable and efficient fiat gateway, which is…

Lloyds Banking Group will launch a large-scale AI-powered financial assistant to help more than 21 million customers manage their money through its mobile app. The launch marks a significant step in the Group’s plan to embed AI across its operations to enhance customer experience. Using advanced AI, the assistant will provide round-the-clock personalised financial guidance and act as a financial companion, offering insights and directing customers to human support when required. Lloyds aims to set a precedent for responsible and customer-focused innovation in the sector through the use of agentic AI. Its initial features will include a conversational tool for…

Fenergo has appointed Hishaam Caramanli as President and Chief Operating Officer, effective immediately. Reporting to CEO Marc Murphy, Caramanli will oversee the company’s product, engineering, and customer functions, focusing on product development, innovation, and value delivery. Caramanli brings extensive experience in financial technology and product strategy from previous roles at ION Markets, UBS, and Morgan Stanley. Most recently, he served as Group Chief Product Officer at ION Markets, where he led product strategy and delivery across a portfolio generating over €1 billion in revenue. He previously held senior positions as Global Head of UBS Neo and Global Head of Morgan…

Ripple has announced a collaboration with Mastercard, WebBank, and Gemini to explore the use of Ripple USD (RLUSD) on the XRP Ledger (XRPL), a public blockchain designed for fast and secure payments. The initiative aims to test RLUSD as a stablecoin for settling fiat card transactions between Mastercard and WebBank, the issuer of the Gemini Credit Card. “Through our partnerships with Ripple, Gemini, and WebBank, we’re using our global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream,” said Sherri Haymond, Global Head of Digital Commercialisation at Mastercard. “Guided by our commitment to consumer choice and strong…

dtcpay, a Singaporean digital payments company, has received approval for an Electronic Money Institution (EMI) license from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective 29 October. The license follows the Green Light Letter issued by the CSSF in July. The approval marks the activation of dtcpay’s European strategy, with Luxembourg serving as its continental headquarters and regulatory hub for the European Economic Area (EEA). The EMI license permits dtcpay to provide services across 30 EEA countries, covering over 450 million consumers and businesses. “This milestone represents a significant achievement for our team. We are highly appreciative…

Mergers and acquisitions (M&A) activity in the cryptocurrency sector has surged in 2025, reaching record levels amid accelerating industry consolidation, deeper convergence between traditional finance and digital assets, and a more supportive regulatory landscape. In Q3 2025 alone, the sector recorded 96 announced M&A transactions, totaling US$10.4 billion, according to new data from Architect Partners, a M&A and strategic financing advisory firm specialized in crypto and fintech. These figures represent a staggering 3,367% year-over-year (YoY) increase in M&A value from US$0.3 billion in Q3 2024, and a 191% YoY increase in deal count from 33 deals. Year-to-date, the sector has…

Obligate, a Zurich-based company specialising in on-chain capital markets, has completed a US$3 million capital increase led by Exponential Science Capital, alongside a public crowdfunding campaign. The raise follows growing client demand for on-chain investment products and tokenisation solutions, with the firm reporting it has reached profitability. The funding will support the company’s plans to scale its operations and expand its global presence. More than 150 new investors participated through a Republic Europe crowdfunding campaign, alongside industry figures including Yuval Rooz (Founder of Digital Asset & Canton Network), Seamus Donoghue (former Chief Growth Officer at Metaco and VP Growth at…

UBS has completed an in-production, end-to-end tokenised fund workflow using the Chainlink Digital Transfer Agent (DTA) technical standard. The transaction involved an on-chain subscription and redemption request for the UBS USD Money Market Investment Fund Token (uMINT), a money market fund built on Ethereum distributed ledger technology. DigiFT acted as the on-chain fund distributor, using the DTA standard to process the subscription and redemption order. The workflow supports all stages of the fund lifecycle, including order taking, execution, settlement, and data synchronisation between on-chain and off-chain systems. Mike Dargan, Group Chief Operations and Technology Officer at UBS, said: “Through our…

Swiss robo-advisor True Wealth has emerged as the provider of the cheapest online Pillar 3a product in Switzerland that combines a large stock component with a broadly diversified portfolio, according to new research by online comparison service Moneyland.ch. The Moneyland.ch study, which compared the costs of online Pillar 3a asset management services over a ten-year term with a monthly payment of CHF 500 (US$619), or a total of CHF 60,000 (US$74,000), found that True Wealth offers the cheapest digital retirement savings solution. This portfolio, offering significant equity exposure and diversification, carries a total cost of CHF 424-635 (US$525-786) over a…