Peter Haynes

Contributor at The Financial Analyst

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Articles

Robinhood to Buy WonderFi for $250M, Expand Crypto in Canada

3 days ago | thefinancialanalyst.net | Peter Haynes

Robinhood, the American trading app, is making a bold move to expand its crypto footprint by acquiring WonderFi, the Canadian crypto operator behind Bitbuy and Coinsquare. The deal, valued at approximately C$250 million in cash, underscores Robinhood’s ambition to tap into one of the world’s fastest-growing crypto markets. The acquisition is strategic on multiple fronts. Firstly, it provides Robinhood with a significant foothold in Canada, a market that has shown robust growth in crypto adoption.
Celsius Founder Sentenced to 12 Years for $48M Crypto Fraud

6 days ago | thefinancialanalyst.net | Peter Haynes

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud. The sentence marks a significant escalation in the legal reckoning of the crypto industry, following a series of high-profile scandals and collapses. Mashinsky pleaded guilty in December, admitting his role in a scheme that defrauded investors.
Capgemini Launches First Perpetual KYC Sandbox for Finance

1 week ago | thefinancialanalyst.net | Peter Haynes

Capgemini, the French IT services and consulting giant, is making waves in the financial services industry with the launch of its perpetual KYC (pKYC) sandbox. The company is claiming an industry-first with this tool, which aims to revolutionize the way firms approach Know Your Customer (KYC) processes. Traditionally, KYC has been a static, manual process, a relic of a bygone era that is costly and time-consuming.
AvidXchange to Go Private in $2.2B Deal Led by TPG

1 week ago | thefinancialanalyst.net | Peter Haynes

In a significant move that underscores the growing appetite for private equity in the fintech sector, business payments automation firm AvidXchange is set to go private through a $2.2 billion deal. The transaction sees TPG, a prominent global asset firm, taking majority ownership, while corporate payments player Corpay secures a minority stake. This development comes as AvidXchange, which went public in 2021, faced a tumultuous period marked by a declining share price.
Palantir, xAI, TWG Global Team Up to AI-Transform Finance

1 week ago | thefinancialanalyst.net | Peter Haynes

In a bold move that could reshape the financial services landscape, data analytics titan Palantir Technologies has joined forces with Elon Musk’s xAI and investment firm TWG Global. Their shared mission? To embed artificial intelligence at the very heart of financial institutions, driving long-term competitiveness and unlocking new avenues for value creation. The financial sector is in a frenzy, scrambling to adopt AI technologies that promise to revolutionize operations and customer experiences.
Experts Debate Net Zero Path at Financial Summit 2025

2 weeks ago | thefinancialanalyst.net | Peter Haynes

At the International Financial Summit 2025, a panel of climate finance experts gathered to dissect the complexities of navigating sustainable decisions. The panel, titled ‘The road to net zero: clear and decisive, or bumpy and long?’ brought together a diverse group of voices to discuss the intricacies of climate risk, net zero goals, and the green agenda.
Tide Expands BNPL Service Credit Flex to All UK Members

2 weeks ago | thefinancialanalyst.net | Peter Haynes

Tide, the digital business banking platform, is set to expand its buy now, pay later (BNPL) offering, Credit Flex, to all eligible clients following a significant funding boost. The company has secured a £100 million debt facility from Fasanara Capital, a London-based investment manager, paving the way for broader access to its short-term loan facility. Credit Flex, integrated into the Tide app, is designed to help clients manage cash flow by providing immediate access to up to £5,000 in credit.
Quarter of New Crypto Tokens Fail as Market Faces Increased Scrutiny

2 weeks ago | thefinancialanalyst.net | Peter Haynes

The recent report from CoinGecko highlights a significant trend in the cryptocurrency market, revealing that approximately 25% of the tokens launched since 2021 have failed by the end of Q1 2023. This surge in failures can be attributed to a combination of factors, including the ongoing downturn in the crypto market and the increasingly low barriers to entry for new token creation. As a result of these developments, several sectors may experience notable shifts.
Real-Time Payments Revolutionize Finance, But Old Methods Persist

2 weeks ago | thefinancialanalyst.net | Peter Haynes

In the sultry heat of New Orleans, the Nacha‚Äôs Smarter Faster Payments conference served as a crucible for the financial industry’s future. The event underscored the accelerating momentum behind real-time payments, with speakers painting a picture of transformative potential across commercial and technological landscapes. Yet, amidst the digital fervor, a stark reality emerged: traditional payment rails like wire transfers, ACH, and even cheques are not only enduring but also evolving.
Finastra Aids Banks’ ISO 20022 Transition with New Service

2 weeks ago | thefinancialanalyst.net | Peter Haynes

Finastra has taken a significant step in aiding banks’ transition to the new ISO 20022 MX standard, launching a message format translation service. This service is designed to help banks comply with Swift’s November 2025 deadline for the new cross-border payments and reporting plus (CBPR+) rules. The move comes as the financial industry grapples with the complexities of migrating from the existing Swift MT messages to the more detailed and structured ISO 20022 MX format.