Circle Names Heath Tarbert Chief Legal Officer & Head of Corporate Affairs


Today, Circle Internet Financial, a global fintech firm and issuer of USDC, announced that Heath Tarbert has been named chief legal officer and head of corporate affairs effective July 1, 2023. Tarbert will join the executive leadership team as the company continues pursuing its global growth strategy.

Tarbert was previously chief legal officer at Citadel Securities and succeeds Flavia Naves, general counsel at Circle. Naves announced her planned separation from the company earlier this year after leading the company’s successful expansion and financing rounds while also establishing a world-class legal organization.

Throughout his career, Tarbert has served in leadership positions in all three branches of the federal government and across key regulatory agencies. He served as the 14th chairman and chief executive of the CFTC and vice chairman of the International Organization of Securities Commissions. He was previously assistant secretary of the U.S. Treasury for international markets, concurrently serving as G-7/G-20 deputy finance minister, a member of the Financial Stability Board, and U.S. executive director of the World Bank Group. During his early career, Tarbert served as a Supreme Court law clerk, associate White House counsel and special counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs.

“The opportunity to welcome Heath’s expertise and leadership to our executive team is an extraordinary step in Circle’s growth as a global company,” said Jeremy Allaire, Circle’s co-founder and CEO. “As we continue building a bridge between traditional finance and Web3, Heath’s perspective, legal acumen and global regulatory experience will help us advance the utility value of USDC worldwide.”

Circle is among several of Tarbert’s esteemed private sector posts, including as head of the bank regulatory practice of international law firm Allen & Overy.

“I’ve long been intrigued by both Jeremy Allaire’s vision of moving money safely at internet speed and Circle’s tangible accomplishments as a respected, trusted global leader in payments with a regulatory-first approach,” said Tarbert. “I’m thrilled by the opportunity to help Circle’s efforts to evolve the global financial system and encourage policymakers to establish sound rules for digital assets that provide clarity, coherence and protection for people and businesses.”

Flutterwave and Team Up to Provide Pay By Bank Transfer to Users in UK and EU


FlutterwaveAfrica’s leading payments technology company, has collaborated with, Europe’s leading account-to-account (A2A) payment infrastructure provider, to power Pay By Bank transfer capabilities for Flutterwave’s platform. The announcement was made today at the Money20/20 Europe fintech conference in Amsterdam.

A2A payments (often called ‘Pay By Bank’) are a fast and secure way to move money between bank accounts. Open banking powered A2A payments do not require registration or error-prone data entry, making them a seamless payment method. End-users authenticate A2A payments directly with their bank for a frictionless experience that also delivers higher success rates than market standards. A2A payments offer merchants cost savings compared to traditional payment methods and settle instantly to improve cash flow.

“Our partnership with will make it even faster and easier for individuals and businesses to pay and receive money,” commented Olugbenga “GB” Agboola, CEO of Flutterwave. “By partnering with to provide Account-to-Account payments to our customers, Flutterwave will advance its mission of connecting Africa to the global economy,” he added.

“We’re confident that’s infrastructure will help Flutterwave offer its customers a more comprehensive payment solution, with A2A payments being a key part of this for UK, EuropeMiddle East and Africa corridors,” said Todd Clyde, CEO of “This partnership underscores our commitment to enabling payment providers to grow with open banking powered A2A payments, which are projected to exceed 6.5 billion in annual global volumes by 2027.”

Powered by open banking,’s A2A infrastructure enables payment providers to launch their own A2A payment capabilities to grow their market share. offers the highest performing and deepest connectivity for open banking powered A2A payments in the industry, reaching over 567 million bank accounts (80%+ of accounts per market) in 16 European countries.

Flutterwave is a payments technology company that enables customers including Uber to send and collect payments, process payments, and build financial products. Flutterwave currently supports over a million customers across 34 countries in Africa. Enabled by’s technology, A2A payment capabilities are now available through Flutterwave’s Collect Payments product for businesses.

Pay By Bank capabilities will also be available on Send by Flutterwave, Flutterwave’s cross-border payment platform, in Q3. This will further simplify money transfer for Africans in the UK/EU looking to send money back home.


Spreedly Launches New Advanced Vault Solution


Spreedly, the provider of the leading Payments Orchestration platform, today announced it has launched the first of its kind, complete vaulting solution for payments teams. Spreedly’s Advanced Vault optimizes payment methods by combining modern lifecycle features and network tokenization with active management.

The Advanced Vault offers new levels of value over traditional payment method management. This additional offering transforms the traditional payments vault from a digital storage space into an adaptable, intelligent service that improves transaction success and maximizes the value of your stored payment methods.

“The many complexities associated with payments makes it one of the areas in a business most ripe for efficiency gains,” said Jordan McKee, Research Director for Fintech at S&P Global Market Intelligence. “The most advanced merchants relentlessly pursue efficiencies across all aspects of their payment stack. This includes strategies that optimize the cost of acceptance, simplify payment operations, and provide actionable business insights.”1

Built on Spreedly’s PCI-compliant vault, the new offering combines a modern set of features for card lifecycle management and network tokenization with rules and configurations designed to optimize how your payment methods are stored, refreshed and utilized. This new technology will actively monitor and maintain payment methods, enabling customers to:

  • Eliminate overpayment for unnecessary account updates
  • Reduce duplicate payment methods
  • Significantly improve data quality
  • Automate best practices in vault management
  • Decrease transaction decline rates

“It was clear that many of our current customers were incurring increased costs with their payment method retention strategies. The set of tools available, while valuable, required payment teams to create and manage the entire optimization process themselves,” explained Justin Benson, CEO at Spreedly. “Advanced Vault is the latest example of how Spreedly has invested in solutions that optimize payments for customers and enable them to get the most out of their stored payment credentials. We are offering an easy way to incorporate industry best practices while still creating the opportunity for savvy payment teams to add rules and configurations to best meet their unique needs.”

Benefits of the new Advanced Vault offering include:

Payment Method Lifecycle Optimization: Card details are kept up-to-date and “evergreen” using a combination of multiple, redundant AU services and network tokenization when available.

Active Management: Rules and configurations based on industry best-practices offer flexibility to suit each unique organization’s needs. Active management of the payment methods eliminates needless costs and stale entries.

Enrichment of Payment Details: Further expansion of payment attributes including BIN, Payment Account Reference (PAR), fraud integrations, payment method redactions, etc. are being actively added to the solution.

Spreedly customers can enroll in the Advanced Vault and pricing is based on a tiered monthly fee per credential stored in the vault.


IDnow enhances its platform for identity proofing with automated document liveness and frictionless data check capabilities for the UK market


IDnow, a leading identity proofing platform provider in Europe, announces the expansion of its platform to include fully automated document liveness capabilities, data checks and Financial Risk Checks as well as new fraud prevention features. The platform expansion will also include a central, no-code workflow management tool.

Document liveness checks to combat the most sophisticated fraud attempts

The automated document liveness check relies on IDnow’s expertise in video analysis and requires the end user to record a video of their ID document, thus enabling an automated check on the visible security elements of the document, such as holograms. This feature helps companies in their fight against the rising risk of fraud through forged documents.

Fully automated KYC and AML services with data checks

IDnow’s new fully automated Know Your Customer (KYC) and Anti-Money-Laundering (AML) services, the latter of which screen against multiple global Politically Exposed Persons (PEP) and Sanction lists, ensure real-time AML compliance at the onboarding stage while allowing ongoing monitoring to confirm compliance post-onboarding. Fintechs, crypto providers and more traditional financial service providers can benefit from a complete alert management functionality and audit history with tailored alert matching.

The new data checks enable a frictionless KYC process which takes just a few seconds, particularly for use cases regulated by the UK’s Financial Conduct Authority (FCA) or by the UK Gaming Commission (UKGC). However, they also add an additional layer of security to protect businesses around less regulated use cases, for example, in the mobility industry.

Additionally, the latest platform expansion also includes Financial Risk Checks that use public third-party and self-declared data. These provide gambling companies with insight into affordability indicators which protect online gamblers and comply with the latest updates to the UK Gambling Act, helping businesses to avoid potential fines and reputational damage. The public and third-party data allows for ongoing monitoring of changes in player circumstances and verification of reported income without the need for additional documentation.

A single platform to access data sources and orchestrate KYC workflows in real-time

These new data check capabilities are added to IDnow’s single platform, thus allowing customers to orchestrate both data checks and document- and biometric-based identity proofing workflows. Data checks are required by the responsible regulatory bodies, document and biometric checks can be added for other sensitive use cases for an extra layer of security.

The AML services and real-time data checks are easily configurable via the online self-service orchestration portal which offers complete control to IDnow’s customers. It lets them tailor and optimise data checks and document-based identity verification in one intuitive dashboard via drag-and-drop functionality, thus providing a single entry point for all the new integrated services.

Proprietary fraud prevention technology and a high level of compliance

To detect single and serial fraud attempts, IDnow’s platform uses proprietary fraud prevention technology that collects risk signals from biometrics, documents, devices and other data sources. In addition, IDnow regularly collaborates with law enforcement agencies, providing the company’s dedicated fraud team with the latest knowledge of fraud techniques and methods from around the world.

Bertrand Bouteloup, Chief Commercial Officer at IDnow, said: “With the help of our AI-powered engine, which employs the latest fraud prevention capabilities, we can combat the most advanced fraudsters and allow our crypto, fintech and financial customers to grow their businesses with confidence and be a strong partner for large financial institutions at the same time. Our document liveness feature is clearly a game changer in this market.”

“We are pleased to be able to enhance our platform offering, specifically in the UK, to help our customers fight fraud, achieve compliance and build trust across Europe and beyond. Thanks to these new functionalities and our strong regulatory expertise, our customers can easily expand their services and rely on a platform that achieves compliance according to the most rigid regulatory requirements within the UK, the EU and beyond.”


VISION LIFE Accelerates Global Expansion, Announces Major Development Plan at Summer Conference in Tokyo


VISION LIFE, an international group with a core business of global advertising distribution, is currently rapidly expanding its market and committed to building the world’s largest advertising community. With over 200,000 members and agents in markets such as JapanSouth KoreaTaiwanmainland Chinathe PhilippinesMalaysia, and Singapore, VISION LIFE has made a significant impact in the advertising distribution market.

To showcase its determination for global growth, VISION LIFE is organizing a major conference on June 17, 2023, at the Oriental 21st Century Hotel in Tokyo. The event will invite CEO Victor Peterson and COO Alfredo Morro to share the latest global development plans and introduce important announcements.

VISION LIFE’s development plan covers various aspects, including the launch of an independent blockchain wallet. By actively expanding the market and providing more value and opportunities for its members, VISION LIFE aims to consolidate its position in the industry. In addition, the company has signed an agreement with Fintech Excellence Bank (FEB) in Singapore to issue Visa cards, implementing a seamless global fiat currency exchange system.

The global advertising market is undergoing unprecedented changes, driven by the proliferation of the internet and mobile devices. To stand out in this competitive market, VISION LIFE combines advertising business with blockchain technology, providing secure and efficient advertising distribution services. Furthermore, VISION LIFE’s unique incentive mechanism allows users to earn revenue by watching ads, attracting a large number of users and bringing a new business model to the global advertising industry.

Talent introduction is crucial for VISION LIFE. The company recognizes that talent is the cornerstone of its development. In the upcoming conference, VISION LIFE will host a series of events to recognize outstanding agents over the past year. In addition, millions in cash rewards will be drawn at the conference, injecting new vitality into the company’s future development.

Looking to the future, VISION LIFE will continue to invest in global markets and develop new business areas. The company is committed to improving advertising effectiveness, providing personalized advertising experiences, and partnering with well-known brands to solidify its position as the world’s largest advertising revenue platform. VISION LIFE will continue to innovate and transform, maintaining its leading position in a competitive industry.

In summary, VISION LIFE is rapidly expanding its global market, and its vision of building the world’s largest advertising community is gradually being realized. By providing innovative advertising solutions, creating more business opportunities, and generating more revenue, VISION LIFE is leading the innovation in the advertising industry. As the company continues to develop, VISION LIFE will focus on customer satisfaction, sustainability, and corporate social responsibility, creating a bright future for all stakeholders.


SquaredFinancial Group Founder and CEO Philippe Ghanem promotes Philios Petrides to CPO and appoints new Global Head of Sales and Business Development boasting his vision ahead


Industry-leading FinTech firm SquaredFinancial Group announced the promotion of Philios Petrides to Chief Product Officer. With Founder and CEO Philippe Ghanem recently back in charge of the business, a significant increase in capital has been made, stronger structures are drawn, and new product strategies are created. Moreover, in line with the company’s plans to expand to challenging markets, a new Global Head of Sales & Business Development for the GCC and MEA regions has been appointed, Dominique El Khoury.

A 20-year veteran of the FinTech industry, Philippe Ghanem built and contributed to the growth of two brokerage firms with millions of clients. Today, he’s fully committed to leading the company he founded, to ensure SquaredFinancial thrives and reaches its full potential with ambitious talents. He is restructuring his leadership team and implementing major changes that will reshape product management, drive bigger sales growth, and increase digitalization and automation. SquaredFinancial has successfully integrated a high-tech system into its platform to upscale client volume and offer an ever-better customer experience.

As for Philios, he will lead the company’s strategic product direction and will continue building and developing products that deliver sustainable value to clients wherever they may be. He has been with SquaredFinancial for three years as Chief Data Officer, steering the wheel in Business Intelligence and data governance.

Dominique El Khoury is a licensed trader with 10 years of experience in Sales and Business Development mainly focused on GCC, managing, training and helping develop different sales teams.

Philios Petrides added: “I’m ready to take on this challenge in my journey with SquaredFinancial. I’m confident that, under Philippe’s lead, we will further drive clients’ growth and loyalty and take our goal of becoming a one-stop shop to a whole new level.”

Dominique El Khoury commented: “I’m proud to join an evolving FinTech firm with a continuously growing clientele and promising sales figures to achieve.”

SquaredFinancial is a well-established FinTech firm founded in 2005. It is a one-stop shop that meets investors’ financial needs. With 18 years of experience in financial technology and trading, it offers global solutions to traders of different generations and backgrounds, who are looking for a sophisticated investment gateway. As a regulated firm, it provides investors with flexible trading of revolutionary products, including more than 10,000 CFD instruments backed by cutting-edge technology.


Moomoo and Its Sister Brand Connect 20M Users with the Interactive Investing Community


Fintech-driven investment and wealth management platform, moomoo announces, together with its sister platform, the global digitalized investor community is now amassing over 20 million users, making it one of the most well-established platforms for connecting like-minded investors and unlocking more opportunities powered by technology and collective intelligence.

Moomoo is an all-in-one platform where investors can access investment-related information, ranging from market sentiment derived from 20 million retail investors worldwide with different backgrounds, investment goals, and strategies, to unlimited access to company news, investment research, market views, earnings, and financial estimates.

Tech for Good & Integrity

Moo community aggregates keen investors of diverse backgrounds to exchange investment and trading ideas, news, and opinions, forming a thriving and active community to learn from one another, stay informed about investment trends, and receive updates on promotions and events. As a tech-empowered platform, moomoo is committed to innovating the investment landscape. To maintain data and information integrity, moomoo introduces commenting based on actual transactions features, safeguarding a collective knowledge base is built upon actual behavior and healthy contribution.

Financial Inclusion for All

In addition to fostering an open community for free and easy sharing, the moo community also promotes financial and investment literacy by aggregating financial influencers, educators, and stakeholders. Today, over 1,000 financial educators have joined the community, aspiring more users with knowledge of all levels to achieve their financial goals, and to build up confidence in making informed financial decisions along the investment journey. In the digitalized era, over 900 listed companies, institutions, and key opinion leaders leveraged the platform to secure digital presence through community activities, such as webinars and earnings calls, enabling users to interact with industry experts, and corporate executives in person and in a real-time manner.

The habits of moomoo users evolve with the market. For instance, sharing lessons and learnings from personal past trading experience via moomoo’s star features: P/L (Profit/Loss) and Positions, and Trade Records has been on a rising trend. These two features provide a clear record of past transactions and portfolio performance, giving users insights into the market and a testament to their trading strategies. Mooers can easily share their trade records, positions, and profit and loss to peers in the moo community, thanks to moomoo’s relentless efforts in sharpening its product features.

Moomoo users may want to check each other’s records in the discussions about the hot topics held by the moomoo team, and check their peers portfolio performance in the real time feeds underneath specific stock names.

Meanwhile, the moomoo team regularly hosts online discussions in the moo community, encouraging users to share their thoughts with each other.

“Moomoo is dedicated to empowering investors with tools, knowledge, and access to various investible products in riding market cycles. We believe financial literacy can be inclusive, creative, and flexible in which everyone could reap the benefits of making informed investment decisions,” said moomoo’s Vice President of Strategy, Justin Zacks. “A supportive and informative community propelled by diversified investor bases, tech-driven solutions, actual transactions, and synergistic partnerships across the ecosystem is proved to be valuable to society. We’re excited to see more investors worldwide joining the herd. Your participation and support would make our community thrive and unique.”


Omdia: Payment issuers and acquirers will spend $3.1bn on real-time payments in 2023


Payment issuers and acquirers are prioritizing IT investments towards real-time payments in 2023, with most merchants interested in accepting real-time payments. In preparation for Money 20/20 Europe on June 6 2023, Omdia’s new report has found that 23% of issuers and acquirers indicated real-time payments are their top priority in terms of product development.

Key findings from the study include:

  • Payment issuers and acquirers will spend $3.1bn on real-time payments in 2023 globally. IT spending is projected to reach $4.1bn in 2027, exhibiting a CAGR6.8% over 2022-2027 period.
  • 23% of issuers and acquirers indicated real-time payments are their top priority in terms of product development, ahead of debit and credit cards, and digital wallets. Bill payment, account-to-account (A2A) and cross-border SME payments are seen as the top three products enabled through real-time payments.
  • Nearly four in 10 payments issuers and acquirers see open banking payments in their top three opportunities; yet greater use of the cloud is required to increase capacity and support open APIs ecosystem.
  • The vast majority of merchants (80%) stated they would be interested in accepting real-time payments in store while more than three quarters would be interested in accepting real-time payments online.

Regulatory initiatives are driving major change in the payment industry with the development of real-time payment infrastructure in many markets urging banks to invest in new systems. Open banking maturity and fintech partnerships will see alternative payment services grow in familiarity for consumers and businesses in 2023.

Ultimately real-time payments will evolve into a global system making payments and remittances more accessible. Coupled with this all kinds of traditional non-bank actors are now keying in on payments and financial transactions as the lynchpin of a broader technological ecosystem with superapps in Asia, especially, appealing to younger generations.

Ouliana Smith, Senior Research Analyst in Omdia’s Financial Services team commented: “For vendors, strategic partnerships with financial institutions and fintechs will be critical to accelerate adoption of alternative payments, recognizing that the field of potential clients now includes telcos, retailers and other commercial businesses moving into the payments space.”


Equiti Group acquires digital payment technology provider Cloud Invest


Equiti Group has announced its acquisition of Cloud Invest, a digital payment technology provider.

Equiti Group CEO and Co-founder, Iskandar Najjar, said: “As part of Equiti’s strategic expansion plans, we are excited to move into the digital payment and services space, allowing for operational efficiencies and new revenue segments. Synergies between both companies will allow for smooth integration into our Group.”

Chief Managing Director of Equiti Group and Co-founder, Mohamed Alahmad, said: “This strategic acquisition marks a significant step towards expanding our capabilities in the digital payments sector.

“By leveraging Cloud Invest’s experience of over 10 years working with banks, financial institutions and partners such as Mastercard, Visa and Network International, Equiti aims to enhance our service offerings alongside Cloud Invest’s deep expertise in this sector.”

Chief Executive Officer of Cloud Invest, Otman Ayoujil, said: “We are thrilled to join Equiti Group and look forward to jointly becoming a unicorn in the global fintech space.”

The global digital payments market size was valued at USD 81.03 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2023 to 2030, according to Grand View Research Global Digital Payment Market Size & Share Report, 2030 ( Global digital payment transactions were valued at over USD 8 trillion in 2022.


Reltime Receives Prestigious Nordic Innovation Award for ‘Best AI & Web3 Fintech of 2023’


Oslo-based Reltime AS has been honoured with the esteemed Nordic Innovation Award in the category of “Best AI and Web3.0 Fintech.” The winners were announced on May 24, 2023, at the Iceland Innovation Week in Reykjavik, where top contenders from 12 award categories across the Nordic countries gathered. The Nordic Innovation Award has been recognizing and celebrating outstanding achievements and their impacts since 2012.

In the fiercely competitive “Web3.0 and AI” category, the jury sought a fintech that had developed a global Web3 platform incorporating decentralization, blockchain, and AI based technology to drive token-based economics. The winner was expected to also offer credible solutions for data security, scalability, privacy using innovative technologies such as Smart contracts, Web3, Blockchain, Non-Custodian wallets, Tokenization, NFTs, and AI/Machine Learning.

Upon receiving this prestigious accolade, Frode van der Laak, Co-Founder & CEO of Reltime, expressed his pride and gratitude, stating, “This is an incredibly proud moment for all Reltimers. I extend my sincere thanks to our Co-Founder, team, investors, partners, and customers for their unwavering trust in our mission to democratize, globalize, simplify, and modernize digitization and financial services. Just last week, we confirmed the ground-breaking launch of our Wrapped FIAT and Central Bank Digital Currency (CBDC) services, empowering customers to create and mint digital ‘wrapped’ FIAT currencies in all major denominations, while enabling governments to establish their own CBDCs.”

Reltime has successfully integrated a unique Identity solution that allows users to execute payments using mobile phone numbers, email addresses, wallet addresses, or QR codes, ensuring settlements within three seconds. For merchants, Reltime offers a dedicated application enabling them to accept digital payments both online and in physical stores, supporting various currency formats, including digital fiat, cryptocurrencies, stablecoins, and CBDCs.

Reltime’s Proof of Deposit introduces a novel capability compared to traditional and costly On- and Off-Ramp methods.

Recognizing the growing importance of non-custodian wallets in the face of increasing regulatory challenges associated with centralized blockchains, Reltime remains committed to providing users with security, control, and robust compliance measures such as KYC, AML, and traceability.