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Source: Fiserv Fiserv , the US-based payments and financial-technology group, has signed a definitive agreement to purchase Money Money Serviços Financeiros , a São Paulo fintech that finances small and medium-sized businesse s (SMBs) through Brazil’ s central-bank receivables registry. Terms were not disclosed, and the transaction is expected to close in the second quarter of 2025, subject to regulatory approval. Brazilian push builds on Clover launch The acquisition is designed to accelerate the roll-out of Fiserv’s Clover point-of-sale ecosystem in Latin America’s largest economy. By folding Money Money’s lending engine into Clover, Fiserv aims to offer Brazilian merchants an integrated package of payments, business-management tools and working-capital advances, a combination it believes will strengthen merchant loyalty and open new revenue streams. Fiserv only introduced Clover in Brazil in December, making the country the thirteenth market for its cloud-base...

The latest initiatives led by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets. The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots into the Project Guardian to test various use cases around asset tokenization.  Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial infrastructure using decentralized finance (DeFi) elements. The latest initiatives are aimed at developing foundational capabilities to scale tokenized markets. As explained by MAS: “These developments under Project Guardian will catalyze the institutional adoption of digital assets, with the aim of freeing up liquidity, unlocking investment opportunities, and increasing the efficiency of financial markets.” Out of the 17 financial institutions members of Project Guardian, Citi, T. Rowe Price Associates, Inc. and Fidelity International are testing bilateral digital asset ...