Japan to place new restrictions on stablecoin issuance
Japan’s Financial Services Agency (FSA) has revealed it is proposing new restrictions that would only enable banks and wire transfer services to issue stablecoins.
The two PayTechs merging to create a global processing powerhouse
Global issuer processors Paymentology and Tutuka are merging to create the first global issuer-processor that will cover 49 countries worldwide.
WTW offloads treaty reinsurance brokerage business to Gallagher for $3.25bn
Willis Towers Watson has completed the sale of all its treaty reinsurance brokerage operations to global insurance firm Gallagher.
Private investment platform Republic to acquire Seedrs in $100m deal
US FinTech firm Republic has entered into an agreement to purchase crowdfunding platform Seedrs in a deal worth $100m.
Taiwan unveils climate risk guidelines for banks and insurers
Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.
Female-led Firework Ventures backs Stride Funding in Series A raise
FinTech Stride Funding has secured $12m from a Series A financing round led by Firework Ventures.
Bill-splitting feature to be piloted on Facebook Messenger
Facebook Messenger is set to test Split Payments, a feature that will let users to share the cost of bills and expenses from within a Messenger group chat.
Metro Bank introduces new invoicing features to its mobile app
Metro Bank has launched a new invoicing technology aimed at reducing bottlenecks on its mobile application.
Okcoin locks in $1m commitment to boost cryptocurrency inclusivity
US cryptocurrency platform Okcoin has committed $1m to increasing diversity and inclusivity in the crypto space.
Moody’s Corporation purchases pair of RegTech companies
Moody’s Corporation has acquired compliance automation platform PassFort and is set to purchase 360kompany, an onboarding technology developer.
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