Embedded KYC Solution Delivers Seamless Onboarding and Compliance at Global Scale
Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced an expansion of their long-term capital partnership with New York Life, America’s largest1 mutual life insurance company. Under the expanded agreement, New York Life will purchase Affirm’s installment loans on a forward-flow basis between now and December 2026 with an amount outstanding of up to $750 million. This provides off-balance-sheet funding that can support approximately $1.75 billion in consumer loan...
Eric Jing, Chairman of Ant Group, reaffirmed Ant’s commitment to deepening cross-sector collaboration on regulated AI and tokenization innovation in the territory, and to expanding its cross-border payment and trade financing services to support Hong Kong’s initiative to help Chinese businesses go global. Speaking on a panel with Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, and Fred Hu, Founder, Chairman and CEO of Primavera Capital Group at the 10th annual Hong...
Strategic capital supports Axonic Insurance’s continued annuity product innovation and global distribution expansion
This powerful industry collaboration highlights how mobile networks, APIs, and AI can transform banking
Partnership strengthens Innocap’s technology-enabled service model and reinforces its role as core infrastructure for institutional Dedicated Managed Accounts
MDT, a CUSO that helps credit unions navigate complex financial technology ecosystems, announced today the launch of the MDT Partner Program, an exclusive network designed to connect credit unions with trusted fintech providers and accelerate innovation across the cooperative finance space. The MDT Partner Program offers three pathways, with Premier Partners and Strategic Alliances gaining unique visibility and credibility within MDT’s credit union community, including branding opportunities, warm introductions, and the ability to showcase solutions...
Collaboration bridges physical and digital payment landscape to help prevent gift card fraud, connecting physical, mobile, and online use through contactless prepaid payment cards
Hercle, an institutional infrastructure platform bridging stablecoins, digital assets, and cross-border settlement, today announced $60 million in new capital. The round features a $10 million equity investment led by F-Prime, with participation from Fulgur Ventures and Exponential Science, alongside a $50 million credit line to support the expansion of institutional services and global growth initiatives. To date, Hercle’s platform has processed more than $20 billion in transactions, enabling global institutions to move millions of dollars...
The investment will enable both companies to integrate their expertise to improve credit access for small and medium-sized enterprises (SMEs) in a region facing a credit gap of over US$1 trillion