Welcome to our recap of the top 10 fintech news from last week. We’ll cover the most exciting developments in financial technology, from groundbreaking innovations and major partnerships to regulatory updates and market trends. Stay tuned to catch up on the latest advancements shaping the future of finance with Financial Technology Insights.
Let’s dive into the highlights that made headlines in the fintech world.
- IBM Strengthen Data and AI Portfolios with Acquisition of StreamSets and webMethods
- MultiMetaVerse Dives into Fintech with Exciting Joint Venture
- BitMart Elevates Trading Experience with New Futures V2.0 System
- Dice Secures $5 Million Funding From Dallas Venture Capital India Fund
- DAMAC Group Takes Lead in AI Investment with Anthropic, xAI and Mistral
- Trade Smarter: iFOREX Introduces Powerful AI Tool for Traders Everywhere
- Revolutionizing International Money Transfers: HSBC and Visa Join Forces with Zing
- Datapro and Mastercard Collaborate to Enhance Cross-Border Payment Solutions in Latin America
- Markets EQ Now Available on Google Cloud Marketplace
- Apple Shakes Up Mobile Payments and NFC : Sparks Industry Excitement
Read: The Impact of Open Banking on Consumer Finance
1.IBM Strengthen Data and AI Portfolios with Acquisition of StreamSets and webMethods
The most cutting-edge and all-encompassing platform for application and data integration is now available to IBM’s clients and partners, allowing them to drive innovation and get their businesses ready for artificial intelligence. Worldwide, organizations are confronted with a deluge of data, events, applications, APIs, and hybrid cloud environments. Fintech Insights: The Impact of Open Banking on Consumer Finance
2. MultiMetaVerse Dives into Fintech with Exciting Joint Venture
MultiMetaVerse Holdings Limited a leading animation and entertainment company for young consumers in China, announced that it has agreed with Zhenghe Holding Co., Limited to establish a joint venture to invest in and trade alternative assets with the assistance of quantitative investment algorithms to be jointly developed by the parties. Under the Agreement, Zhenghe will own 80% of the new Joint Venture and be responsible for its daily management and operation. MMV will hold a 20% stake and have the right to appoint one director to the Joint Venture’s board. Zhenghe was founded in 2020 in Hong Kong, China as a blockchain technology service provider, and has expanded and established its Central and Southeast Asia arm. Furthermore, it has built a quantitative trading team that develops trading strategies, algorithms, and the trading system. Read: AI and Big Data
3.BitMart Elevates Trading Experience with New Futures V2.0 System
BitMart, a leading global digital asset trading platform, is thrilled to announce the launch of its Futures V2.0 System! This new system brings significant performance updates and improvements designed to enhance the trading experience for all users. The key features and improvements of the Futures V2.0 System include significant enhancements in system performance, which reduce trading latency by at least 50% compared to Futures V1.0. The new system also offers improved liquidity through enhanced trading efficiency for liquidity providers, resulting in better overall trading liquidity.
4. Dice Secures $5 Million Funding From Dallas Venture Capital India Fund
A statement said that GVFL (formerly known as Gujarat Venture Finance Limited) and cross-border venture capital firm Dallas Venture Capital (DVC) were the primary backers of the $5 million Series A round of funding that the enterprise expenditure management platform had received. Dice claims that it optimizes and improves business-to-business (B2B) spending across several channels (e.g., travel, reimbursements, interest to procurement, accounts payable, and utility payments) by the use of artificial intelligence (AI).
5.DAMAC Group Takes Lead in AI Investment with Anthropic, xAI and Mistral
A $50 million investment in artificial intelligence startup Anthropic was disclosed by DAMAC Group, which is one of the biggest investors in the industry. FTX is one of the cryptocurrency exchanges that has invested in Anthropic. The Group has also put money into two other artificial intelligence startups: xAI, run by Elon Musk in the US, and Mistral, based in France, which is home to one of the top open-source large-language models in Europe. The Group’s goal is to back and build state-of-the-art AI infrastructure and technology, thus this strategic decision makes sense.
6.Trade Smarter: iFOREX Introduces Powerful AI Tool for Traders Everywhere
- Transforming the Trading Process: To remain ahead of the ever-changing trading landscape, iFOREX has created an artificial intelligence (AI) platform that allows customers to ask a variety of queries about trading and get precise, fast answers. This AI assistant is going to be a great help for all of your trading questions, regardless of your experience level in the market.
- Examine the Future of Trading Now: Traders can visit the iFOREX website and begin asking their trading inquiries right away if they would like to use this cutting-edge AI assistant. With this new feature, iFOREX users will have unprecedented access to information and real-time support, marking a substantial advancement in the platform’s user support.
Read: BAAS Banking-As-A-Service Explained in 50 Bullets: Definition, Trends, and Forecasts for 2025
7.Revolutionizing International Money Transfers: HSBC and Visa Join Forces with Zing
Visa and HSBC announced the technological collaboration in support of HSBC Group’s new international payments app, Zing. Zing enables users to hold funds in over 10 different currencies, send over 30 currencies, and transact in over 200 countries and territories worldwide, all managed through a single app and smart multi-currency card. The app successfully launched in the U.K. in January 2024 and will expand to additional markets shortly.
8.Datapro and Mastercard Collaborate to Enhance Cross-Border Payment Solutions in Latin America
Datapro, a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. The collaboration will provide Datapro’s customers throughout Latin America and the Caribbean with access to fast, transparent, and convenient cross-border payment experiences.
Read Latest on Banking: Neobanking 101: What It Is and Why It Matters
9.Markets EQ Now Available on Google Cloud Marketplace
Markets EQ’s integration with Google Cloud Marketplace ensures that clients benefit from secure and reliable service, empowering them to leverage cutting-edge voice analysis technology to predict significant events, assess leadership sentiment, and anticipate market shifts. By being available on the Google Cloud Marketplace, Markets EQ is now more accessible to financial professionals looking to transform their analysis and decision-making processes.
10.Apple Shakes Up Mobile Payments and NFC : Sparks Industry Excitement
A punishment of up to 10% of the group’s annual global turnover would have been one of the sanctions imposed by the EU for engaging in anticompetitive behavior. With Apple’s $383 billion in revenue in 2023, a charge of about $40 billion would have been imposed; however, regulators rarely impose the maximum penalty, and fines are typically lowered in court following an appeal.
That’s all for this week!
Thanks for reading!
Thank you for joining us for this recap of the top 10 fintech news from last week. We hope you found these updates insightful and exciting. Stay tuned for more news and developments in the fintech world. Keep innovating and exploring the future of finance with us. Until next time, stay informed and stay ahead in the fintech space. We will be covering more such updates on FinIntentPub. Contact Us
