DXC Technology and Thought Machine have announced a strategic collaboration aimed at accelerating digital transformation for small and midsize banks. The new joint solution brings together DXC’s global scale and managed services muscle with Thought Machine’s Vault Core and Vault Payments—two cloud-native platforms that have been gaining traction among forward-thinking banks.
In the ever-evolving world of finance automation, Medius just dropped what could be a game-changer for accounts payable teams. The company has launched Medius Payments, an embedded payment solution designed to eliminate the clunky handoffs and third-party tools that often slow down or complicate B2B payment workflows.
Global brokers just got a payment power-up. B2BROKER has integrated three new payment service providers—AlfredPay, TopChange Pay, and JetaPay—into its flagship B2CORE platform. The move streamlines deposit and withdrawal processes and arms brokers with a more versatile, compliant, and globally accessible payments infrastructure.
Xero Limited has entered a binding agreement to acquire 100% of Melio, a U.S.-based small business payments platform, in a transformative deal valued at US$2.5 billion in upfront consideration, plus up to $0.5 billion in contingent payments. This landmark acquisition brings together Melio’s innovative accounts payable (A/P) technology with Xero’s cloud-based accounting platform to deliver a seamless, unified solution for U.S. small businesses, bookkeepers, and accountants.
In a move that reflects the growing convergence of fintech and insurtech, Algebrik AI has inked a partnership with TruStage™ to embed lending protection products—think GAP coverage, credit insurance, and mechanical repair plans—directly into its AI-driven Loan Origination System (LOS). The result? A more seamless lending experience where borrowers can opt for protection at the exact moment they’re signing on the dotted line.
Digital Asset, the firm behind the Canton Network, has raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets. The round saw significant participation from top-tier financial institutions and crypto-native players, including Goldman Sachs, Circle Ventures, Citadel Securities, DTCC, Paxos, Polychain Capital, and BNP Paribas.
With U.S. consumer liabilities skyrocketing past $19.5 trillion, the systems that manage our financial lives are long overdue for an upgrade. Spinwheel, a fast-rising player in real-time credit data and payments infrastructure, just raised a $30 million Series A to do exactly that—bring clarity, speed, and AI smarts to a system groaning under decades of legacy tech.
In the push to make Web3 more user-friendly, SPACE ID and Enkrypt—the multi-chain wallet developed by MyEtherWallet (MEW)—have teamed up to eliminate one of crypto’s oldest pain points: confusing wallet addresses.
In a bid to reinforce investor trust and sharpen its market intelligence, DeFi Technologies Inc. (Nasdaq: DEFT) has announced new strategic partnerships with Shareholder Intelligence Services (ShareIntel) and Urvin Consulting. The move is part of a broader effort to enhance transparency and visibility into the trading behavior of its common shares across both U.S. and Canadian markets.
As institutional crypto adoption accelerates, so does the demand for compliant, scalable, and secure infrastructure. Enter Blockdaemon’s new Earn Stack—a turnkey solution combining top-tier staking services with deep DeFi access, built specifically for institutions navigating today’s complex regulatory and technical landscape.
