Latest News from FF News
FF News
2 days ago
- Business
- FF News
Worldpay and Exodus Team Up: Pioneering Native Card Payments for Self-Custodial Crypto Wallets
Worldpay ® has been a leader in making the purchase of digital currencies more accessible to consumers for more than 10 years and has now been selected by self-custodial wallet* provider, Exodus, to bring a native checkout experience to its users. As a result of this collaboration, Exodus is launching XOPay, a first of its kind solution which allows consumers to purchase cryptocurrencies directly within a self-custodial wallet using a credit or debit card. 'Part of making the world of cryptocurrencies and digital assets more accessible to people everywhere is also ensuring the process is simple, secure and as frictionless as possible, which is why we are excited about this work with Exodus,' said Nabil Manji, head of fintech growth and financial partnerships at Worldpay . 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favorite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.' Omaha-based Exodus launched in 2015 to provide people with a highly secure way to hold their digital assets like cryptocurrencies offline from exchanges. Now, their more than 5 million users can use their preferred credit or debit card to purchase digital assets from directly within their wallet on the Exodus platform. This new capability greatly enhances and simplifies the buying experience by making it possible to natively buy and hold cryptocurrencies within a single wallet platform. 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform,' said JP Richardson, CEO at Exodus. 'Worldpay's dedication to security and seamlessness aligns with our mission to make our platform safe, reliable and trusted by our customers. We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.' In addition to card-based payments, Exodus will be tapping into Worldpay's flagship fraud detection and prevention solution, FraudSight ™, which can reduce fraud while enhancing authorization rates. Credit and debit card purchases are available to Exodus customers in the U.S. with plans to expand to further geographies in the coming months. *Self-custodial wallet: A self- or non-custodial wallet is a cryptocurrency wallet where the owner of those assets has full control over private keys granting full access to them without an intermediary. This model contrasts with custodial wallets where a third party, like an exchange, holds the keys to owned assets. Companies In This Post Worldpay Exodus
FF News
2 days ago
- Business
- FF News
What Are the Key Buzzwords Shaping the Future of Finance?
At this event, the buzzwords are flying fast, but what do they really mean for the future of finance? In this video, industry experts weigh in on the hottest trends, from biometric authentication and security to embedded finance and trust. As digital transformation continues to reshape the financial landscape, these terms aren't just jargon — they're the foundations of the next era of financial services. The conversation focuses on how these buzzwords impact the customer journey and the way businesses deliver financial services. From banking as a service to the evolution of lending, it's clear that the future is all about integration, personalization, and trust. As the world rapidly changes, the need for secure, seamless, and customer-first solutions has never been more urgent. In this quick dive, we explore how key buzzwords like identity and trust are defining the direction of financial innovation. What do they really mean for institutions, and how can they make sure they stay ahead in a constantly shifting landscape?
FF News
3 days ago
- Business
- FF News
FIS to Enhance Back-Office Operations for MUFG Securities Canada
FIS® (NYSE: FIS), a global leader in financial technology, today announced it has been selected by MUFG Securities (Canada), Ltd. (MUSC) to power its back-office operations. As a broker dealer providing services to institutional clients in Canadian capital markets, MUSC chose FIS' Post Trade Processing Platform to help streamline its back-office operations, mitigate risk, and ultimately help unlock business growth. 'Broker-dealers are under more pressure than ever when it comes to headwinds like increased regulatory scrutiny, technology costs, disruptive competitors and thinner margins,' said Nasser Khodri, chief commercial officer and president of Capital Markets at FIS. 'MUFG Securities (Canada), Ltd selecting our post-trade processing solutions is, however, indicative of how we are addressing these issues and improving the workflows that power the world's money at work. We are focused on our product suite's expansion into the Canadian market and look forward to other opportunities that will unlock efficiencies across the entire money lifecycle.' FIS Post Trade Processing Platform is a secure and real-time post trade processing platform. By arming broker-dealers with real-time execution on trade settlements, confirmations and accounting, the platform helps to not only drive business growth for broker-dealers but also fosters trust and transparency for the institutional investors they serve. With a flexible, cloud-native architecture, MUSC will also be able to scale the platform's capabilities as needed – showcasing FIS' commitment to unlocking financial technology that advances how the world pays, banks and invests.
FF News
3 days ago
- Business
- FF News
Global Businesses Brace for Supply Chain Headwinds
Global businesses have been hit with surging costs, supply chain disruptions, and are having to rethink their strategy and planned investments as tariffs and shifting trade policies continue to impact their enterprises. This is according to the findings of HSBC's 2025 Global Trade Pulse Survey, which offers insight into the business plans and sentiment of over 5,700 international firms across 13 markets regarding tariffs and trade. The survey reveals that two thirds of corporations have already experienced cost increases due to tariff and trade uncertainty – and the worst may be yet to come. Companies expect costs to escalate further in both the short-term (73%) and the long-term (72%). Businesses also expect an average decline in revenues of 18% due to supply chain delays. Over half of respondents (51%) feel rising costs are the number one concern for supply chain strategies and 85% of corporates have revised or plan to revise their pricing strategy upwards to reflect higher costs or market changes. Over three quarters of corporates (78%) are having to rethink their long-term business model. If tariff instability continues over the next two years, 43% of companies will rethink their international expansion strategy and 39% will shift their focus to domestic or regional markets. Despite these headwinds, optimism about expanding global trade is strong. Nearly 9 in 10 businesses (89%) are confident in their ability to grow international trade over the next two years. Businesses are also reconfiguring their supply chains and reassessing how and where they operate. Most are taking action or planning to carry out nearshoring (moving production closer to key customer markets, 83%) and reshoring (bringing production back to their home country, 77%). Businesses most likely to initiate nearshoring, a practice gaining most traction by globally exposed and production-centric sectors, are those in Technology, Media and Telecoms (87% have done so or plan to). Businesses most likely to have experienced an increase in costs to date are those in Consumer (70%), followed by Healthcare (69%), and TMT (69%). Encouragingly, a vast number of respondents see trade pressure as a catalyst for innovation, with 77% saying it has encouraged them to evolve and seek new opportunities. Many businesses (58%) have already adopted new technologies or platforms, 56% have improved internal efficiency or cost structures, and 51% have developed new products or services. The survey points to the emergence of new trade corridors in some of the markets surveyed and we are seeing global businesses strengthening their relationships with key markets outside their borders. Malaysia (61%) and Vietnam (52%) are expanding their relationships with China; India (54%) and the United States (51%) with Europe, and the United Kingdom (46%) and India (62%) with the United States. In some markets, optimism about international trade growth endures, led by India (96%) and the United Arab Emirates (94%). In line with the global positive outlook, larger businesses (those with a revenue over $2 billion) are confident about their ability to grow international trade over the next two years (82%), although less so than the average, (89%). They are also more likely to have adopted new technology or digital platforms in response to trade uncertainty in comparison to smaller businesses (those with a revenue of less than $500m) at 63% vs. 56%. Larger firms are more cautious than smaller corporates about their decision making and are more likely to have already delayed or paused investments (38% vs.30%). This is despite larger companies having a much wider access to pools of working capital. Smaller firms on the other hand, are often more agile and quicker to make decisions despite lacking the capital depth of their larger counterparts. Vivek Ramachandran, Head of Global Trade Solutions at HSBC, said: 'The current landscape of tariffs and trade uncertainty presents significant challenges for businesses, but they are showing great resilience and adaptability in the way they operate.' 'With over 70% of companies anticipating sustained cost increases, and businesses facing an average 18% drop in revenue, the imperative for strategic adaptation is clear. Navigating this climate requires not only agility, but strong partnerships to ensure sustained growth in a shifting global economy.' Companies In This Post HSBC
FF News
3 days ago
- Business
- FF News
Which Company Is The "Darling" of UK Fintech?
At this year's Innovate Finance Global Summit (IFGS) we threw out a controversial question to attendees: 'Which company is the darling of UK fintech?' – and the answers certainly didn't disappoint. Some were unapologetically biased, like the devotee of YouLend, while others highlighted key success stories like Equals Group, trumpeted for its journey from a phone-based FX provider to a full service fintech and solutions partner for others in the fintech ecosystem. Moneybox received love for the work it has done in financial inclusion and wealth tech, demonstrating that doing good and doing well aren't mutually exclusive. In terms of brand recognition, Monzo, Starling and Revolut remain at the forefront — praised for their role in radically changing banking from the straightforward user experience first digital customers have come to expect, in stark contrast to traditional banks. Other popular mentions included Tide, the darling of SME focused fintechs, and EPS, lauded for their consistent positive contribution to the sector. Of course, some found it impossible to choose – a sign of just how thriving and competitive the UK fintech landscape has become.
