USA

Instinet and Credit Suisse Conduct Same-Day Settlement of US Traded Stocks

Paxos Trust Company, a regulated financial market infrastructure provider, announced Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service. The trades occurred at 11 AM ET and 3

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Broadridge Plans APAC and EMEA Expansion With Latest Acquisition for US$2.5 Billion

Broadridge Financial Solutions, an American-based investment banking company, is set to acquire Itiviti, a provider of trading and connectivity technology to the capital markets industry, in an all-cash transaction valued at €2.143 billion (approximately $2.5 billion) from Nordic Capital. Broadridge

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RealT Selects Mt Pelerin’s Asset Tokenisation Technology for Real Estate Management

Real estate tokenisation platform RealT has chosen Swiss fintech Mt Pelerin‘s Bridge Protocol, an open source asset tokenisation technology, to optimise the management of its properties and investors. RealT, an American company based in Florida, has created a model that

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PayPal Allows American Customers to Use Cryptocurrencies for Purchases

PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can

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Visa Pilots Payment Settlements Using Stablecoin with Crypto.com

Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with

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Open Banking Picks up in the US Amid Growing Demand and Competitive Pressures

Adoption of open banking is catching in the US on the back of rising customer demand and competitive pressures, according to a new report by Financial Technology (FT) Partners. In a paper titled Open Banking: Rearchitecting the Financial Landscape, the

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Fintech Platform Feedzai Raises $200 Million at a Unicorn Valuation

Feedzai, an American cloud-based financial risk management platform, announced that it has secured $200 million during a Series D investment round, valuing the startup at more than $1 billion. The funding round was led by leading global investment firm KKR,

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Stripe Raises $600 Million in Funding, Pushing Its Valuation To $95 Billion

Stripe, an Irish-American payment processing platform, has raised $600 million (€500 million) during a funding round, pushing its valuation to $95 billion (€80 billion). Primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and

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PayPal to Acquire Crypto Security Firm Curv

PayPal announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset security based in Tel Aviv, was founded in 2018

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Square’s Banking Subsidiary Begins Operations in the US

Square, a US-based mobile payment company, announced that its subsidiary Square Financial Services, has begun operations. The launch follows Square Financial Services’ completion of the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of

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