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Financial News
TechBullion
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With Dogecoin (DOGE) Predicted To Drop In January, Savvy Investors Are Looking For Alternatives Like 1Fuel
- Savvy investors are looking for alternatives to Dogecoin (DOGE) as it is predicted to drop in January.
- 1Fuel is a futuristic cryptocurrency wallet that simplifies multi-chain management and offers passive income to users.
- Dogecoin's recent rally hints at potential momentum, but its future is uncertain as it remains far from its peak.
- 1Fuel has gained attention for its features such as one-click cross-chain transactions, privacy mixer, cold storage, staking rewards, and upcoming virtual and physical debit cards.
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Fintechnews
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Singapore Reassures Public That NRIC Number Alone Cannot Authorise Bank Transactions
- Singaporean banks are reviewing their practices regarding the use of NRIC numbers in light of updated data protection guidelines.
- This review is aimed at aligning with new policy intent and safeguarding personal data.
- The Association of Banks in Singapore assures customers that NRIC numbers alone cannot be used for payments and fund transfers.
- The Ministry of Digital Development and Information will update advisory guidelines on NRIC use following consultations.
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The Fintech Times
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Money Fellows Improves Payment Functionality With Network International Integration
- Money Fellows has partnered with Network International to integrate Network's 'Digital Payments as a Service' offering into Money Fellows.
- The integration will improve payment functionality and advance fraud prevention for Money Fellows.
- Network will provide back office managed services and support Money Fellows' expansion across the Middle East and Africa region.
- This collaboration signifies a major milestone in the fintech sector, aligning with Egypt's National Vision 2030 plan.
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Fintechnews
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TransUnion to Fully Acquire Credit Platform Monevo
- TransUnion agrees to acquire Monevo, a UK-based credit prequalification and distribution platform.
- Monevo connects lenders and publishers to offer tailored credit options online.
- The acquisition is expected to close by the second quarter of 2025.
- TransUnion plans to fund the deal with existing cash and expects no significant impact on its financial performance.
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Banking Frontiers
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NPCI and MTC partner to offer seamless mobility across Chennai through RuPay On-The-Go
- National Payments Corporation of India (NPCI) has partnered with the Metropolitan Transport Corporation (MTC), Chennai’s public bus service, to integrate RuPay On-The-Go, a contactless payment solution for transit.
- RuPay On-The-Go launched under the National Common Mobility Card (NCMC) program, simplifies public transit across multiple cities in India.
- This widespread RuPay On-The-Go implementation positions Chennai as a leading city with a multi-modal transit system.
- Over 3.2 million daily commuters of Chennai MTC will benefit from this efficient transit system.
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Fintechnews
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330
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Thailand to Test Crypto Payments for Tourists with Phuket Pilot Project
- Thailand is planning to test crypto payments for tourists with a pilot project in Phuket.
- The initiative aims to allow foreign visitors to make payments using Bitcoin and other digital currencies.
- The trial will focus on enabling tourists to use digital assets while adhering to the country's existing legal frameworks.
- If successful, the project could lead to broader adoption of digital currencies in Thailand.
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TechBullion
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BlockDAG Takes the Crypto World by Storm with EVM & WASM Compatibility – XRP and ETH ETFs Pull in Billions!
- XRP and ETH ETFs are making waves in the crypto world, with billions pulled in and rising trust among traders.
- BlockDAG (BDAG) stands out with EVM and WASM compatibility, raising over $176.5 million in its presale.
- XRP's value potential increases with hopes for institutional backing and clearer regulations.
- Ethereum ETFs attract significant investments, projecting potential price increases between $6,000 and $12,000 by 2025.
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Fintechnews
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Endowus Extends Funding Round, Secures Additional US$17.5 Million
- Digital wealth advisory platform, Endowus, has raised an additional US$17.5 million in funding.
- This brings the total raised in its latest funding round to US$52.5 million and its total funding to over US$110 million.
- Existing investors Prosus Ventures, UBS, and MUFG participated in the funding round, along with new investors such as OSK Ventures and JLIN LLC.
- The funding will support Endowus' growth in key markets, enhancement of offerings, and expansion of its private wealth division.
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Fintechnews
4d
366
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Grab-backed Superbank Adds OVO to Ecosystem, Eyes 2026 Profitability
- Superbank, the Indonesian digital bank owned by Emtek Group, is integrating with OVO, a digital wallet backed by Grab, to expand its ecosystem and broaden its financial service offerings.
- Superbank has raised over 5 trillion rupiah ($308 million) from investors, including a recent 1.2 trillion rupiah ($74 million) investment from Grab, Singtel, and KakaoBank in July 2024.
- Superbank plans to deepen its relationship with Grab, leverage the expertise of Singtel and KakaoBank, and explore collaborations with Emtek and Bukalapak in the future.
- Despite facing competition, Superbank aims to achieve profitability within the next two years, fueled by its product launches, growing customer base, and innovative offerings.
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TechBullion
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Qarddin Token | A Premier Ecommerce Destination for Cryptocurrency Enthusiasts
- The platform aims to become a significant player in the ecosystem, garnering attention from top exchanges like Coinbase and Binance.
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Pymnts
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Gensler Says Crypto Oversight Still Essential
- Gary Gensler emphasizes the need for regulatory oversight in the cryptocurrency market.
- Gensler expresses concerns about lack of disclosures and presence of bad actors in the crypto industry.
- During his tenure, Gensler initiated enforcement actions against numerous cryptocurrency entities.
- Trump's nominee, Paul Atkins, is expected to bring a more favorable regulatory environment for digital assets.
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The Fintech Times
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165
XTransfer Secures MAS Licence, to Meet Demand for Cross-Border Payment Solutions in Singapore
- China-based B2B cross-border trade payment platform, XTransfer, has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS).
- The licence allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, and e-money issuance in Singapore.
- XTransfer plans to launch payment solutions tailored for small and medium-sized enterprises (SMEs) involved in international trade in Singapore, including easy account setup, flexible top-up options, efficient currency exchange services, and simplified cross-border fund collection and payment solutions.
- XTransfer aims to enhance cross-border trade between SMEs by providing low-cost cross-border trade payment and fund collection solutions, facilitating trade exchanges between China and ASEAN.
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TechBullion
4d
286
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XRP’s March to $15 & Cardano Whale Trends – BlockDAG Highlights 10% USDT Rewards
- XRP price trends indicate a potential rise to $15 by May 2025, driven by decreasing exchange reserves and positive Elliott Wave forecasts.
- Cardano whale activity escalates, with notable acquisitions of over 20 million ADA in two days, leading to discussions of a potential price surge beyond $1.
- BlockDAG's Refer & Earn USDT program attracts widespread participation, offering attractive rewards within the crypto community.
- BlockDAG's presale reaches $176.5 million, positioning it as a prominent cryptocurrency to watch in 2025 due to its cutting-edge DAG technology and appealing rewards.
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Pymnts
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Banning Medical Debt From Credit Reports May Have Unintended Consequences
- The finalized rule from the CFPB promises to eliminate medical debt from credit reports, resulting in higher credit scores for consumers.
- The removal of medical debt from credit reports may lead to unintended consequences in the healthcare ecosystem, potentially causing insurers and providers to raise fees to offset uncollectible debt.
- Fostering a collaborative approach between patients and providers, offering easy payment options and clear billing, can help solve the unpaid bills issue.
- Data shows that patients prefer knowing their bills and making payments upfront, and desire platforms that assist with arranging financing options for medical bills.
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Pymnts
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363
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CBW Says FDIC’s $20 Million AML Fine ‘Unreasonable’
- CBW Bank files a lawsuit against the FDIC, claiming that the $20.4 million AML penalties imposed on the bank are 'unprecedented' and 'unreasonable.'
- CBW operated a multibillion dollar international monetary transfer business, relying on correspondent banking services. FDIC alleges that the bank failed to maintain an adequate AML/CFT program and failed to file suspicious activity reports.
- CBW argues that the penalties are unjustified for a bank of its size and history, and that the conduct in question occurred in business activities that have since been shut down.
- CBW claims that the FDIC's actions are unconstitutional and infringe on the bank's rights.
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