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Coinbax Joins the Jack Henry™ Fintech Integration Network
Globenewswire· 2026-01-14 20:54
Core Insights - Coinbax has joined the Jack Henry Fintech Integration Network (FIN), allowing it to integrate with Jack Henry's core banking platforms, enhancing its capabilities in stablecoin payments [1][4] - The integration with Jack Henry's systems will enable financial institutions to offer stablecoin payment solutions while maintaining compliance and operational workflows [3][4] Company Overview - Coinbax serves as a trust layer for stablecoin payments, providing programmable escrow infrastructure and automated settlement logic designed for financial institutions [6] - Jack Henry & Associates, Inc. is a financial technology company that connects financial institutions with their customers, offering a range of technology solutions to enhance innovation and competitiveness [5] Technical Integration - Coinbax integrates with SilverLake and Symitar through jXchange and SymXchange, respectively, ensuring secure access to core data and maintaining data integrity [2] - The integration allows for real-time visibility into transaction statuses and seamless reconciliation with core banking systems, which is crucial for financial institutions [3]
Rain haalt $ 250 miljoen op in Series C-financieringsronde om de betalingsinfrastructuur die door stablecoin mogelijk wordt gemaakt op te schalen voor wereldwijde ondernemingen
Prnewswire· 2026-01-10 03:30
Core Insights - Rain has announced a Series C funding round of $250 million led by ICONIQ, bringing the company's total funding to over $338 million and its valuation to $1.95 billion, which is more than 17 times its valuation in just 10 months [1][4] Company Overview - Rain is a global payment platform for stablecoins, enabling enterprises, neobanks, and developers to move, store, and use stablecoins through global payment cards, rewards, on/off-ramps, wallets, and international rails [6][7] - The company facilitates over $3 billion in annual transactions for more than 200 partners, including Western Union and Nuvei, and its technology can reach over 2.5 billion people [3] Market Position and Growth - The use of stablecoins is rapidly evolving from a speculative aspect of cryptocurrency markets to becoming one of the largest value transfer rails globally, with Rain positioned to bridge the gap for businesses transitioning to on-chain payment rails [2] - Rain's active payment card usage has increased 30 times, and its annual payment volume has grown 38 times over the past year, indicating significant growth potential [3] Future Plans - The capital from the Series C funding will be used to expand Rain's presence in key licensed markets across North America, South America, Europe, Asia, and Africa, allowing partners to launch compliant solutions globally [4] - Rain aims to further develop its full-stack stablecoin payment platform, including strategic acquisitions and investments in new products that make stablecoin payments seamless for businesses and consumers [4]
MOG Digitech (01942.HK) Makes Exclusive Strategic Investment in Luckyins Technology (Hong Kong), Collaborating to Shape New Insurtech Landscape
Globenewswire· 2025-10-05 10:56
Core Viewpoint - MOG Digitech Holdings Limited has completed a strategic investment in Luckyins Technology (HongKong) Co., Limited, aiming to enhance the digital transformation of the insurance industry and expand its strategic layout in Web3 insurance [1][3]. Company Overview - Luckyins Technology (HongKong) Co., Limited focuses on optimizing insurance business processes through AI technology, providing modular solutions for insurance sales, operations, finance, and after-sales management [2]. - MOG Digitech Holdings Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited and is recognized for its innovative digital technology applications in the insurance sector, particularly in digital currency empowerment [2]. Strategic Investment Implications - The investment reflects market recognition of Luckyins Technology's technical capabilities and MOG Digitech's vision in building an insurtech ecosystem [3]. - MOG Digitech has been active in the insurtech space, leading investments in various initiatives, including a stablecoin payment platform and collaborations with insurance firms [3]. Industry Challenges and Solutions - The insurance industry faces challenges such as cumbersome processes and low settlement efficiency. MOG Digitech's investment aims to address these issues through AI and blockchain technology, enhancing operational efficiency and user experience [4]. - The investment aligns with MOG Digitech's strategy to improve efficiency, transparency, and inclusivity in insurance services [4]. Future Directions - Funds from the financing round will be used to develop Luckyins Technology's global digital platform and expand market presence in Hong Kong, Macau, Taiwan, and Southeast Asia [4]. - With MOG Digitech's support, Luckyins Technology is expected to accelerate technology implementation and market expansion, further solidifying MOG Digitech's influence in the insurtech field [6].