article thumbnail

OKX Pay Launched to Simplify Crypto Payments and Self-Custody

Fintech News

Transactions are free of charge, with near-instant settlement, although transfers are subject to compliance and risk controls. Star Xu OKX CEO Star Xu said the new service is part of a broader effort to support the mainstream adoption of crypto and Web 3.0 OKX plans to add support for more stablecoins over time.

Web 3.0 71
article thumbnail

5 Stories That Shaped Singapore’s Fintech Scene in 2024

Fintech News

Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0, Emerging technologies such as artificial intelligence (AI) and blockchain are being adopted at a fast pace, with generative AI becoming a critical tool for financial institutions.

FinTech 115
article thumbnail

Rethinking Scale and Trust in Fintech: Why Serving Small Businesses Still Demands Rigor - Interview with Anchit Singh

Fintech Weekly

Full Article Driving Efficiency in Capital Markets by Leveraging Generative AI to Overcome Securities Settlement Failures Bhushan Joshi – Competency Leader (Financial Markets, IBM Consulting) and Raja Basu Global SME (Financial Markets, IBM Consulting) Let's begin by examining the concept of failure in the securities settlement process.

article thumbnail

Why Reduced Oversight Doesn’t Mean Fewer Risks: Interview with Matthew G. Lindenbaum

Fintech Weekly

The only other example I can recall that created such a sea change was when the SEC stopped granting preemptive waivers of the bad actor tag as part of settlements. It has created an incentive for defendants and targeted companies to play for time and that is the strategy that everyone is following now.

Risk 78
article thumbnail

Worldpay Brings Major Credit Card Rails to Alchemy Pay, Boosting Crypto Accessibility

Fintech News

According to Worldpay, it became the first global merchant acquirer to offer direct settlement in USD Coin in 2022. Alchemy Pay’s mission to promote global adoption of digital assets by connecting fiat to the Web 3.0 said Nabil Manji, the Head of Crypto and Web 3.0 at Worldpay.

article thumbnail

Judge Accepts Guilty Plea from Binance’s Former CEO Changpeng Zhao

Fintech News

sanctions which led to a historic settlement where Binance agreed to pay US$3.4 He took to social media platform X to say that he would be taking a break and potentially venturing into passive investing in areas such as blockchain, Web 3.0, Multiple news outlets reported that the court had prohibited him from leaving the U.S.

Web 3.0 111
article thumbnail

Singapore Fintech Report 2024: Losses Continue to Mount for Digital Banks

Fintech News

In parallel, Singapore remains an active participants in Project Nexus , an initiative spearheaded by the Bank for International Settlements (BIS) to enhance global payments network connectivity. The drop can also be explained by the exit of several fintech companies, particularly in the buy now, pay later (BNPL) and Web 3.0