- The Federal Reserve is adding cross-border capabilities to FedNow, allowing banks to use the instant payments network for the US leg of international transactions.
- Initial use cases include international payroll, corporate payments, insurance claims, and treasury management, with correspondent banks handling the international portion.
- The expansion strengthens FedNow’s position as stablecoins gain traction in cross-border payments, giving banks a faster, 24/7 option within...
This week's edition of Finovate Global features fintech news from Cambodia.
Cambodia and the UK partner to fight online scams
The UK and Cambodia have signed a Memorandum of Understanding (MoU) declaring their intent to work together to combat networks of illegal scam centers. The agreement calls for more data sharing and greater coordination against criminal gangs in order to bring scammers to justice. The two countries also noted the role of human trafficking in international...
- LoanPro launched three new products spanning payments, card-based loan disbursement, and AI-assisted servicing: LoanPro DirectPay, Beyond Credit, and LoanPro MCP.
- The launches bring more of the lending lifecycle onto LoanPro's platform, helping lenders reduce reliance on separate vendors and integrations for payments, disbursements, and servicing.
- LoanPro MCP allows lenders to connect AI agents to servicing workflows while applying the same permissions, compliance guardrails, and...
- New York-based Crux Analytics has raised €1.9 million ($2.2 million) in seed funding.
- The investment in the relationship intelligence platform was led by Castle Creek Launchpad and also involved three credit union investment funds, Chartway Ventures, One Washington Financial, and Curql.
- Crux Analytics made its Finovate debut at FinovateSpring 2025. The company was founded in 2023 by Jacob Bennett (CEO) and Nathan Bennett (CTO).
Relationship intelligence platform Crux...
Whether you missed out on FinovateFall in New York earlier this month or you were there in person, it's worth checking out the massive number of photos that came out of the three-plus day event.
The event was full of meaningful conversations, fast-paced demos, a reunion of familiar faces, and new connections. And while speakers and attendees were busy talking and learning about all things fintech and banking, Finovate’s photographer was capturing the event in more than 1,000 photos....
