UK-based open banking platform TrueLayer raised $27 million in a funding round led by CDP Venture Capital, bringing its total funding to $348.8 million.
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.
LoanPro launched three new products spanning payments, card-based loan disbursement, and AI-assisted servicing: LoanPro DirectPay, Beyond Credit, and LoanPro MCP.
J.P. Morgan Payments selected Thunes to expand Xpedite Remit, combining its payments infrastructure with Thunes’ Direct Global Network for faster, more transparent cross-border payments.
Coinbase and Stablecore are teaming up to help community and regional banks and credit unions offer digital asset services, including trading, custody, and stablecoin payments.
Plaid and ID.me are teaming up to help US government agencies verify both benefit recipients’ identities and ownership of the financial accounts receiving payments.
