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Ripple UK FCA Approvals Expand Cross-Border Payment Services
Ripple has secured new regulatory approvals in the UK, receiving both an Electronic Money Institution licence and a Cryptoasset Registration from the Financial Conduct Authority. The Ripple UK FCA approvals enable the company to expand its payment services for UK clients using digital assets.
With the approvals in place, Ripple can support cross-border payments that use stablecoins, cryptocurrencies, and local currencies. Its Ripple Payments platform provides a single system for real-time global transactions and has recently been adopted by institutions including Swiss crypto bank Amina, UAE-based Zand Bank, and Mamo.
Ripple now holds more than 75 licences worldwide. The UK authorisation...
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Banking
Bank of America Wants Wealth Management Clients to Opt Crypto
One of the largest financial institutions in the world, Bank of America, wants its wealth management clients to take into consideration digital assets exposure.
Starting in...
Insurance
Asset Management
HSBC UAE Asset Management Unit Launches 10 Onshore Funds
HSBC has registered ten new investment funds with the Securities and Commodities Authority of the United Arab Emirates and...
Cards & Payments
Mastercard-botim Money Partnership Expands Global Transfers
Mastercard and botim Money have announced a partnership to increase access to quick and secure cross-border money transfers. The...
Finance
OCC Boosts Operational Efficiency with AWS GenAI Integration
OCC, recognized as the world’s largest equity derivatives clearing organization, has moved forward with a major technology shift after completing its rollout of AWS...
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Company Statements
DNB Upgrades Domestic Payments in Partnership with Tietoevry Banking
Key takeaways:
DNB is replacing its long-used RBS infrastructure with Tietoevry Banking’s PIN platform to streamline operations and modernise its payments backbone.
The migration...
DBS and Ant International Expand Collab in Fintech, Payments
DBS and Ant International have moved to expand their longstanding strategic relationship, signing a new agreement to pursue a broader range of joint initiatives...
U.S. Bank Split Card Launched to Enable Automatic Payments
U.S. Bank has unveiled the U.S. Bank Split™ World Mastercard, a new credit card designed to simplify how consumers manage purchases through automatic no-fee,...
Nexi, Zucchetti Expand Partnership for Integrated Payments
Nexi Group, the European PayTech, has deepened its partnership with Zucchetti, one of Europe’s top software providers, to widen access to integrated payment solutions...
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