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Vesto and FinClusive Announce a Strategic Partnership To Ensure Safer, Automated & Globally Compliant Financial Transactions

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FinClusive, a market leading Compliance-as-a-Service (CaaS) company for financial services, and Vesto, a leader in crypto banking-as-a-service platforms, today announced their strategic partnership to ensure the banking compliance and regulatory support of Vesto’s crypto banking-as-a-service platform. FinClusive’s CaaS is an automated and full-stack financial crimes compliance (FCC) solution that provides best in class KYC/KYB (know-your-customer/know-your-business) capabilities which will enable Vesto to onboard users of its Multi-Signature vWallet, while maintaining the integrity of the entities it transacts with.

FinClusive and Vesto share a common mission to bring banking services to the underserved, while also ensuring enterprise-ready transparency, integrity, and regulatory compliance of crypto banking services. The Vesto Multi-Signature vWallet protects and holds crypto currencies, including stablecoins, and can now provide on / off-ramp liquidity capabilities for fiat currencies globally, with ease and efficiency that can only be attained through FinClusive’s global reach.

Through this partnership, FinClusive will be able to provide sound governance to high return DeFi projects as the financial industry transforms how money is generated, programmed and managed with adaptable, automated, and accessible services. Vesto is one of a handful of companies taking a strict philosophy of performing all transactions “on-chain” and has established a unique leading position with its DeFi, Multi-Signature vWallet, Polygon L-2, Element Finance, USDC, Dai, and BTC—vCore-Infrastructure—that enables the most profitable / revenue generating methods across the financial industry.

FinClusive’s platform combines numerous third-party services and in-house due-diligence capabilities into one service that financial customers can use to automatically screen thousands of sources to ensure international KYC/KYB coverage and enhanced due diligence capabilities to minimize risk and ensure compliance. To bolster that, FinClusive takes a “boots-on-the-ground” approach across 160 countries, in jurisdictions where necessary, to capture sensitive off-line data. Further, FinClusive provides a unique compliance-backed digital identity solution, which enables partners to grant unique digital identities, including the issuance and validation of legal entity identifiers and credentials recognized by financial services providers worldwide.  Importantly, FinClusive’s combined accounts and payments (A&P) and CaaS stack enables growing decentralized financial services applications and capabilities with a comprehensive plug-and-play solution that has global coverage.

Both Vesto and FinClusive offer white-label services for their customers, which allows them to adopt and deploy secure, scalable, and enterprise-ready services built for customers to integrate with financial institutions’ own digital banking solutions through Vesto’s robust and performant core-API (Application Protocol Interface). The joint offering provides retail-friendly and highly customizable Web and Mobile Apps, which empower customers to serve clients who were difficult, if not impossible to serve previously.

“We are excited about our partnership with Vesto. The future of financial services is a global and increasingly decentralizing one. Creating a robust and seamless regulatory compliance capability that enables financial servicers of all types will help drive financial inclusion at scale, with the appropriate technology enablements that will also give global regulators the comfort that these services are secure, safe and transparent. With Vesto, compliant-centric financial inclusion can be a reality for providers everywhere,” said Amit Sharma, Chief Executive Officer (CEO) & Co-Founder

“We have always envisioned a global compliance-as-a-service partner to allow Vesto to fully focus on its blockchain research & development, FinClusive is a dream come true!”
Christopher McGregor, Chief Executive Officer (CEO) & Co-Founder.

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Fintech

Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)

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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.

Chime’s Quiet Step Toward Public Markets

Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.

With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.

Source: Bloomberg

ZBD’s Pioneering Achievement: EU MiCA License Approval

ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.

MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.

Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.

Source: Coindesk, PR Newswire

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The Fintech-Credit Union Synergy: A Blueprint for Innovation

The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.

This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.

Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.

Source: PYMNTS

Tackling Student Loan Debt: A Fintech’s Mission

Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.

The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.

As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.

Source: RBJ

Industry Implications and Takeaways

Today’s updates underscore several key themes shaping the fintech landscape:

  1. Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
  2. Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
  3. Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
  4. Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.

 

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SPAYZ.io prepares for iFX EXPO Dubai 2025

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Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.

SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.

Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.

“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”

Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.

The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.

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Airtm Enhances Its Board of Directors with Two Strategic Appointments

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Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.

“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”

Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.

Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.

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