Corpay, an Atlanta-based business payments company, has announced the appointment of Peter Walker as its new Chief Financial Officer, effective July 21. Walker joins Corpay from Instructure Holdings, where he most recently served as CFO. During his time at Instructure, he oversaw the company’s sale to KKR, leading its transition from a public to a private entity. Prior to this, he held CFO roles at Sterling Check and Jackson Hewitt. Earlier in his career, he spent over 17 years at Assurant in various finance, accounting, and strategy positions, concluding his tenure there as CFO and Chief Strategy Officer. Walker began…

UK-based digital payments firm Navro has obtained a money transmitter license in the US, issued by the Delaware Office of the State Bank Commissioner. The license will enable Navro to offer its cross-border payments services to businesses in the US, marking the beginning of efforts to expand its operations across the country. “This initiates the process of extending Navro’s footprint across the US,” said CEO Aran Brown. Founded in 2022, Navro provides merchants access to global financial systems through a single API. It describes its platform as the “world’s first payments curation platform”. In May, the company closed a US$41…

Plug and Play, a California-based early stage investor, announced the close of its US$50 million Fintech and AI Fund during its Silicon Valley June Summit 2025. Backed by nine institutional investors, the fund is the largest industry-themed fund the company has raised to date. It brings the total number of funds managed by Plug and Play to nine. The fund will invest in startups globally and reflects the evolving approach financial services companies are taking toward innovation. Over the years, many of Plug and Play’s limited partners have participated in pilot and development programmes through the platform. These collaborations have…

Amazon has announced plans to invest at least US$20 billion in Pennsylvania to expand its data centre infrastructure in support of AI and cloud computing technologies. Salem Township and Falls Township have been identified as the initial locations for these planned innovation campuses, with several other communities across Pennsylvania also being considered. The investment is expected to create at least 1,250 new technical roles, including data centre engineers, network specialists, engineering operations managers, and security specialists. It will also support thousands of jobs connected to the Amazon Web Services (AWS) data centre supply chain, including roles in construction and other…

Cross River Bank, a technology infrastructure provider based in New Jersey, has launched Request for Payment (RfP), a new addition to its suite of instant payment tools. This feature aims to improve the process of inbound money movement and enhance funding flexibility across the Real Time Payments (RTP) network. Fintech company Plaid will be the first to implement the feature, enabling instant purchases through its bank payments platform, Plaid Transfer. Cross River has positioned itself as an early adopter of the RTP network and currently processes over one billion dollars each month in real time disbursements across both RTP and…

BridgeWise, a New York-based global AI investment intelligence platform, has introduced SignalWise, a new personalised alerts and insights system for digital trading platforms and financial advisors. Launched at Money20/20 Europe, SignalWise aims to provide relevant and timely market intelligence designed to support client engagement, activate trading activity, and aid informed decision-making. Unlike traditional alert systems, SignalWise incorporates real-time event detection with AI-driven predictive analysis and personalised insights. It links specific events and asset types with suitable investor segments based on portfolio data and behavioural patterns. The system also provides historical context and analysis in multiple languages across a broad range…

OneSpan, a Chicago-based cybersecurity firm, has announced the acquisition of Nok Nok Labs, a California-based provider of FIDO passwordless software authentication solutions. The acquisition aims to expand OneSpan’s authentication capabilities, offering customers a broader range of secure and flexible authentication methods. The move follows OneSpan’s recent launch of FIDO2 security keys and forms part of its wider strategy to enhance its authentication portfolio. The company now provides both software and hardware authentication solutions, ranging from one-time passwords (OTP) to FIDO protocols, including Digipass, FIDO2, and Cronto transaction signing technologies. These options are available across both cloud-based and on-premises environments. “This…

Simetrik, a Colombia-based AI reconciliation platform, has announced an additional US$30 million investment led by Growth Equity at Goldman Sachs Alternatives. This follow-on financing brings the company’s Series B total to US$85 million and will support its expansion efforts in the US and other rapidly growing, highly regulated markets. Simetrik offers a no-code platform powered by agentic AI, which processes over one billion records daily across more than 40 countries. The platform enables finance and operations teams to automate reconciliation workflows, standardise financial data, and maintain compliance, offering a consolidated source of truth for reconciliation processes. It also provides real-time…

Crypto exchange Gemini has confidentially filed a draft registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. Details regarding the number of shares to be offered and the expected price range have not yet been disclosed. The IPO is anticipated to take place following the SEC’s review process, and will be subject to market and other conditions. Last week, Circle officially joined the public markets, raising US$1.05 billion in one of the most anticipated IPOs of the year. The firm had previously attempted…

Brazil’s wildly popular instant payment system, Pix, is set for another major development this month with the introduction of a new recurring payments feature, according to central bank officials. Launched in late 2020, Pix has swiftly become the dominant payment method in Latin America’s largest economy, overtaking cash, debit, and credit cards, according to Reuters. In 2023 alone, it processed more than 26 trillion reais (US$4.61 trillion) in transactions. Originally scheduled for release last October, the new feature, dubbed “Pix Automático”, will go live on 16 June. It will enable users to authorise recurring payments with a single consent, the…

Thread AI, a New York-based company focused on composable AI infrastructure, has raised US$20 million in Series A funding. The round was led by Greycroft, with participation from Index Ventures, Scale Venture Partners, Plug-and-Play, Meritech Capital, and Homebrew. Thread AI was founded by former Palantir executives Angela McNeal and Mayada Gonimah. The company’s platform, Lemma, is designed to help enterprises build and manage AI-powered workflows that are adaptable to their existing systems. Many organisations face challenges when attempting to integrate AI into complex environments. Often, they are limited to using rigid, off-the-shelf tools that do not align with their workflows,…

Apiture, a North Carolina-based provider of digital banking solutions, has introduced Fintech Connector, a new tool designed to allow fintech partners to integrate with the Apiture Digital Banking Platform without requiring custom development work. In the current banking environment, financial institutions are increasingly seeking to adopt fintech innovations to address changing customer expectations. Fintech Connector allows fintech companies to connect directly with Apiture’s Consumer Banking and Business Banking platforms. This enables Apiture clients to select and implement services that meet the needs of their customers and align with their strategic goals. The tool also supports financial institutions in integrating features…

KeyBank, a financial services institution in the US, is enhancing its approach to client support through the use of Personetics’ Cognitive Banking platform. The technology is aimed at helping customers build stronger financial habits and make informed decisions about their money. The bank’s 2025 Financial Mobility Survey reported rising stress levels among Americans who are trying to manage economic pressures while working towards financial goals. Over half (51%) of Generation Z respondents said they are taking active steps to improve their financial future. Similarly, Personetics’ Global Consumer Banking Survey, published in February, found that 70% of consumers would like their…

PayPal has introduced a physical PayPal Credit card, issued by Synchrony, that allows customers to use PayPal Credit for in-store purchases and anywhere Mastercard is accepted. This move extends the credit offering beyond its original use for online transactions through the PayPal platform. The card includes a limited time promotional financing offer, enabling cardholders to pay for eligible travel purchases, such as flights, hotels, cruises, and ride shares, over a six month period, with no minimum spend required. The aim is to provide more flexibility in managing travel costs. PayPal Credit has been a popular option for online payments. With…

JP Morgan is reportedly preparing to allow its wealthier clients to use shares in cryptocurrency exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust, as collateral for loans. According to unnamed sources cited by Bloomberg, the bank will also begin factoring in crypto holdings when evaluating a client’s net worth and liquid assets. This would place cryptocurrencies on a similar footing to real estate and vehicles when assessing a borrower’s capacity to repay loans. The move reflects an ongoing shift in the bank’s stance on digital assets. JP Morgan’s relationship with Bitcoin has historically been mixed. Chief Executive Jamie Dimon…

Klarna, an AI powered payments and commerce network, has announced the pilot launch of the Klarna Card, a new debit product offering flexible payment options. The card is powered by Visa’s Flexible Credential and issued by WebBank. Unlike traditional credit cards that can result in debt and interest charges, the Klarna Card will allow users to either pay immediately or pay later, both online and in store, at more than 150 million merchants that accept Visa worldwide. The card is currently being trialed in the US, where Klarna is collecting user feedback to improve the product ahead of a wider…

Tradeweb, a New York-based operator of electronic marketplaces for rates, credit, equities, and money markets, has appointed Sherry Marcus as Head of AI, a newly created global role. She will report to Justin Peterson, Tradeweb’s Chief Technology Officer. Marcus will oversee the firm’s AI strategy, which supports over 3,000 institutional, wholesale, retail advisory, and corporate clients worldwide. Her focus will be on further developing Tradeweb’s use of AI in areas such as price discovery, dealer selection, and analytics. She joins Tradeweb from Amazon Web Services, where she led a 300-person science and data team behind Amazon Bedrock, the company’s generative…

RedotPay, a Hong Kong-based cryptocurrency payment fintech with over 4 million users, has announced a partnership with Circle to integrate the Circle Payments Network (CPN) for cross-border payments into Brazil. The collaboration allows RedotPay users to send cryptocurrency directly to Brazilian bank accounts, with the funds automatically converted into Brazilian Real (BRL) upon arrival. The Circle Payments Network connects financial institutions globally, enabling real-time settlement for cross-border transactions. According to RedotPay, the integration aims to improve access to international payments for underbanked populations by reducing transaction costs and eliminating the typical one to five business day settlement period often associated…

The US Securities and Exchange Commission (SEC) on Thursday (May 29) voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, marking another indication of the regulator’s changing stance on digital assets since President Donald Trump returned to the White House. According to Reuters, a joint stipulation of dismissal was filed in a Washington, D.C. federal court and signed by legal representatives for the SEC, Binance, and Binance founder Changpeng Zhao. The SEC stated that dismissing the enforcement action was appropriate “in the exercise of its discretion and as a policy matter,” adding that the move did not…

Fortinet has released its 2025 Global Threat Landscape Report, detailing a significant rise in cyber threats throughout 2024. The report attributes this increase to the rapid adoption of artificial intelligence, automation, and widespread availability of commoditised hacking tools. These developments have weakened the effectiveness of traditional security defences and accelerated the pace and scale of cyberattacks. Compiled by FortiGuard Labs, the report highlights a 16.7% year-on-year rise in automated scanning activity, with approximately 36,000 scans taking place every second worldwide. Threat actors are increasingly shifting their focus to earlier stages in the attack process, targeting protocols such as Session Initiation…