Welcome to Today’s FinTech Daily Roundup your go-to source for the latest developments in financial technology. As FinTech continues to redefine the way we bank, invest, insure, and manage money, staying ahead of fast-moving trends is essential for professionals and businesses alike. In today’s roundup, we bring you the most impactful updates across digital banking, blockchain, payments innovation, regtech, and more plus insights from thought leaders shaping the future of finance.
Lloyds & WaveBL Complete Real-Time Digital LC Transaction
Lloyds and WaveBL have successfully completed a fully digital Letter of Credit (LC) transaction, marking a major step forward in modernizing global trade finance. The transaction, issued in favor of UK-based laboratory equipment supplier Labtex and facilitated with a major Indian bank, was executed entirely through WaveBL’s blockchain-based platform showing how trade processes that once took days or even weeks can now be completed in near real time.
Sunflower Bank Partners With VerityPay for Instant SMS Payments
Sunflower Bank, an $8.5 billion financial institution headquartered in Dallas, has announced a new partnership with VerityPay, a leader in secure B2C digital payment solutions. The collaboration brings advanced, easy-to-use digital payout capabilities to Sunflower Bank’s customers, supporting the growing demand for fast and secure electronic payments among both businesses and consumers.
Visa, Pismo & Circle Launch Vietnam’s First AI PayLater Card
Visa and Pismo have entered into a strategic collaboration with Circle Asia Technologies, a rising neobank in Southeast Asia, to expand credit access and financial inclusion across Vietnam. Together, the companies are preparing to launch Vietnam’s first AI-powered PayLater card, a product designed to remove long-standing barriers to credit and bring modern financial services to millions of underserved consumers.
Luma and InspereX Partner to Power RIA Structured Note Access
Luma Financial Technologies has announced a major partnership with InspereX, a technology-driven distributor of fixed income, structured products, ETFs, and alternative investments. InspereX has selected Luma to support two critical components of its structured note distribution strategy for Registered Investment Advisors (RIAs), strengthening the tools available to advisors and simplifying access to complex investment products.
Lithic Powers New CINQ by Coinstar Debit Card Launch
Lithic, a leading card issuing and processing platform, announced that it has been chosen by Coinstar to power the new CINQ by Coinstar Debit Card an innovative general-purpose reloadable card designed to help cash-preferred consumers access digital financial services. The debit card, issued by Lead Bank, works seamlessly with the CINQ by Coinstar digital wallet and allows users to turn their physical cash into spendable digital funds through Coinstar’s nationwide network of more than 10,000 kiosks.
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