Core Insights - Vodafone Group's African subsidiary, Vodacom, is set to acquire a 20% stake in Safaricom Plc, Kenya's leading telecom operator, increasing its ownership to 55% [1][8] - The acquisition involves purchasing 15% from the Government of Kenya for €1.36 billion (KES 204 billion) and 5% from Vodafone for €0.45 billion (KES 68 billion) [1][4] - The acquisition is expected to close in the first quarter of 2026, pending regulatory approvals in Kenya, South Africa, and Ethiopia [5][6] Transaction Rationale - The acquisition allows Vodafone and Vodacom to gain controlling ownership of a successful telecom and financial services business in Africa [3] Company Overview - Safaricom, listed on the Nairobi Securities Exchange, has a market capitalization of €7.7 billion and is the largest telecom company in Kenya [4] - The company has a significant portfolio, including a majority shareholding in Safaricom Ethiopia and the M-Pesa fintech platform, which has over 100 million daily transactions and 38 million customers in Kenya [4] - For the six months ending September 30, 2025, Safaricom's service revenue in Kenya increased by 9.3%, driven by a 14% growth in M-Pesa revenue [4]

Core Insights - Broadridge Financial Solutions reported a significant increase in its Distributed Ledger Repo (DLR) platform, processing an average of $368 billion in daily repo transactions in November 2025, marking a 466% year-over-year growth compared to November 2024, with total volumes reaching $7.4 trillion [1] - The shift towards tokenization is transforming global capital markets, enhancing efficiency, liquidity, and investor access, as stated by Horacio Barakat, Head of Digital Innovation at Broadridge [2] - Broadridge's technology supports over 7 billion communications annually and facilitates daily trading of over $15 trillion in various securities globally, highlighting its critical role in the financial services industry [4] Company Overview - Broadridge Financial Solutions is recognized as a global technology leader, providing transformative technology and expertise to help clients in the financial services sector operate and innovate [3] - The company employs over 15,000 associates across 21 countries and is part of the S&P 500 Index, emphasizing its significant presence in the industry [4]

Core Insights - The provision for credit losses increased by 102% year-over-year, indicating a significant rise in expected credit losses [1] - The provision as a percentage of Gross Merchandise Volume (GMV) rose to 0.72%, which is 38% higher than the prior 12-month period, reflecting increased lending risk [1] - The increases in provisions were driven by the upfront provisions required to support a 139% growth in the Fair Financing portfolio, suggesting aggressive expansion strategies [1] Financial Metrics - Provision for Credit Losses: Increased by 102% year-over-year [1] - Provision as a percentage of GMV: Rose to 0.72%, a 38% increase compared to the previous year [1] - Growth in Fair Financing portfolio: 139% increase, necessitating higher upfront provisions [1] Legal Focus - There are concerns regarding whether the Offering Documents misled investors about expected provision trends and lending risk [1] - Questions arise about whether the Offering Documents obscured the credit loss risk associated with GMV growth [1] - Legal scrutiny is focused on whether the Offering Documents failed to disclose the adverse impact of aggressive Fair Financing expansion on the company's financial health [1]

Core Points - Wellfield Technologies Inc. announced the expiration of the amended and restated share purchase agreement with Leonovus Inc. for the acquisition of its subsidiary, Tradewind Markets Inc., as the deadline of November 30, 2025, lapsed without an extension [1] Company Overview - Wellfield Technologies, Inc. is a leading fintech company that specializes in innovative solutions utilizing blockchain technology [2] - The company's platform, Coinmama, provides access to the cryptocurrency market for over 3.5 million registered users across 180 countries [2] - Wellfield also operates the Tradewind Markets platform, which digitizes and trades real-world assets, including its flagship products, VaultChain™ Gold and VaultChain™ Silver [2]

Core Insights - Nansen CEO Alex Svanevik announced a new agentic trading platform that integrates on-chain data with conversational AI [1] - The platform, termed "vibe trading," aims to simplify on-chain trading by replacing complex dashboards with a user-friendly interface [1] - The goal is to make on-chain trading accessible to 100 times more users while ensuring safeguards against AI hallucinations [1]

PORTLAND, OR / ACCESS Newswire / December 3, 2025 / Blockchain Loyalty Corp. (OTC:BBLC) (the "Company" or "BBLC") is pleased to provide a corporate update on its technology strategy, highlighting progress on its AI infrastructure division, InfernoGrid, and its fintech platform, Koilink Technologies Inc. Operating under the positioning statement "Where Digital Infrastructure, Fintech and Innovation Converge," BBLC is focused on building and supporting platforms that sit directly in the path of two powerful t ...

Group 1: Euro-Backed Stablecoin Initiative - A consortium of European banks is working on a euro-backed stablecoin called Qivalis, which includes major banks such as BNP Paribas and CaixaBank [1][2][4] - Qivalis aims to launch in early 2026 under EU regulations, supporting real-time cross-border payments and settlements [2][4] - The initiative is seen as a response to the dominance of U.S. dollar-backed stablecoins, providing a local alternative for European businesses and consumers [4] Group 2: Stripe's Acquisition of Metronome - Stripe has acquired Metronome, a usage-based billing platform, to enhance its monetization capabilities [3][5] - Metronome has raised $128 million over four funding rounds, with a recent $50 million Series C round [5] - The partnership aims to integrate metered pricing into Stripe's offerings, which is expected to significantly impact revenue generation models [5] Group 3: Sony's Stablecoin Development - Sony is entering the stablecoin market by partnering with Bastion to provide services for its U.S. dollar-backed stablecoin [7][8] - The stablecoin is expected to launch in 2026 and will enhance payment options within the Sony Group ecosystem [9] - Sony's Innovation Fund has invested in Bastion, indicating a commitment to innovation in financial technology [10] Group 4: Ripple's Regulatory Approval in Singapore - Ripple Markets APAC has received expanded payment activity approvals from the Monetary Authority of Singapore [13][14] - This allows Ripple to sell payment products and settle payments in RLUSD and XRP, enhancing its operational capabilities in the region [13][14] Group 5: Mastercard's Agent Pay Launch - Mastercard plans to launch Agent Pay in Latin America and the Caribbean in early 2026, utilizing tokenization technology [15][16] - The initiative aims to enhance agent-led commerce and digital transformation in the region [17] Group 6: Kraken's Debit Card Introduction - Kraken is launching a debit card in the UK and EU that offers cashback rewards and allows spending from multiple balances [18][19] - The Krak Card follows similar offerings from other cryptocurrency exchanges, indicating a growing trend in the rewards card market [19] Group 7: AI in Cash and Liquidity Management - The Bank of International Settlements has found that generative AI models can effectively manage cash and liquidity in payment systems [20][21] - AI agents demonstrated the ability to maintain liquidity buffers and prioritize payments under various scenarios [22]

Core Viewpoint - The Delaware Supreme Court affirmed the dismissal of all claims against IDT Corporation, indicating no harm to Straight Path Communications Inc. shareholders, thus validating IDT's position in the lawsuit [1][2]. Group 1: Legal Outcome - The Delaware Supreme Court's decision puts to rest the lawsuit against IDT, affirming the Court of Chancery's ruling that dismissed all claims [2]. - The ruling found that Straight Path's stockholders did not incur any damages, contrary to the claims made by the plaintiffs [2]. Group 2: Company Background - IDT Corporation is a global provider of fintech and communications solutions, operating through various synergistic businesses [4]. - The company’s portfolio includes National Retail Solutions, BOSS Money, net2phone, IDT Digital Payments, and IDT Global, which offer a range of services from retail solutions to international remittances and cloud communications [4]. Group 3: Historical Context - Straight Path was spun off from IDT in 2013 and was sold to Verizon Communications for $3.1 billion in 2017 [2]. - The class action suit was filed in 2017 by plaintiffs representing former stockholders of Straight Path [2].

Fintech firm Marquis alerts dozens of US banks and credit unions of a data breach after ransomware attack https://t.co/0QeNwu6y2C ...

Fintech company Marquis is notifying dozens of U.S. banks and credit unions that they had customer data stolen in a cyberattack earlier this year. Details of the cyberattack emerged this week after Marquis filed data breach notices with several U.S. states confirming its August 14 incident as a ransomware attack. Texas-based Marquis is a marketing and compliance provider that allows banks and other financial institutions to collect and visualize all of their customer data in one place. The company count ...