Cobre and TerraPay have come together to facilitate international transactions, expecting volumes to scale rapidly

Term insurance is an essential part of any individual’s financial plan. It provides a strong foundation by acting as an income replacement tool for the family if the earning member passes away, ensuring that financial goals are still achievable.

ECI Software Solutions, a global provider of cloud-based business management software and services, today announced the creation of its new Payments Division, dedicated to advancing the company’s fintech strategy and helping customers optimize cash flow, improve profitability, and drive growth. To lead this new payments division, the company has appointed Andres Ricaurte as Payments Division President. 

Morrison Foerster, a leading global law firm, is pleased to announce the addition of Dan Jones, who joins the firm as a partner in its Financial Services and Fintech Groups, within the Transactions Department. Jones’ arrival adds significant experience across all aspects of UK and European financial services regulation, alongside regulatory licensing and M&A regulatory due diligence.

Offa, the UK’s leading Islamic property finance fintech, has boosted its headcount again with the appointment of a new Business Development Manager.

As part of ongoing efforts to strengthen Gulf cooperation and exchange expertise in the field of credit information, the Kuwait Credit Information Network Company (CINET) conducted an official visit to the Saudi Credit Bureau (SIMAH) headquarters in Riyadh. The visit aimed to explore collaborative opportunities and review best practices in advancing the credit information industry at both national and regional levels.

The adoption of tokenized assets shows no sign of slowing down according to global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR). Today, Broadridge released its latest whitepaper, Next-gen markets: The rise and reality of tokenization, revealing that tokenization is rapidly shifting from theory to practice across the financial services industry. Custodians lead this adoption, with two thirds (63%) already offering tokenized assets and an additional 30% preparing to offer tokenized assets within two years. Wealth managers, by contrast, have been slower to adapt.

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has participated in a club loan to specialist care provider, Kisimul Group.

Conio is pleased to announce the signing of a collaboration agreement with Ferrari to launch one of the most innovative projects in the luxury automotive sector. The initiative leverages blockchain technology for the first time to enhance the exclusive experience of clients enrolled in the prestigious Ferrari Hyperclub programme, opening new frontiers in digital ownership and tokenisation.

Nordic Capital announces an agreement to acquire BMLL, a leading independent provider of harmonised historical order book data and analytics. The investment will be made in close partnership with the management team of BMLL and minority shareholder Optiver, marking a joint commitment to accelerate the company’s next phase of growth. Specifically, the investment will advance BMLL’s mission to deliver the market’s trusted base layer of high-quality, analytics-ready historical data across all major exchange-traded asset classes.

Financial services leaders have called for stronger data practices amid growing pressure to modernise regulatory compliance and urging businesses to move away from reactive reporting to data-driven readiness.

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and STC Bank has entered into a Memorandum of Understanding (MOU) to start discussion the activation of JCB payment acceptance in Kingdom of Saudi Arabia.

Velents.ai, a rising startup specializing in enterprise AI solutions, has closed a $1.5 million funding round as it unveils Agent.sa, the first fully integrated Arabic-speaking AI employee designed for companies across the Middle East.

Butter Payments, the most intelligent machine learning-powered payments recovery platform, today announced that it has strengthened its leadership team with two key additions: Sofya Pogreb as Chief Executive Officer and Charles Rosenblatt as Chief Commercial Officer.

PayQuicker, a leader in global payouts orchestration, today announced PayQuicker Flex, a first-of-its-kind global payouts solution that redefines how businesses move money across borders. Flex empowers organizations to instantly distribute funds and automatically settle in more than 60 local currencies across 210 countries and territories, without the complexity, risk, or regulatory uncertainty associated with stablecoins.