ST. HELIER, Jersey, July 30, 2026 /PRNewswire/ — Bloomsbury Money Jersey has integrated ClearBank’s banking infrastructure into its global network. This move brings advanced payment capabilities to Bloomsbury Money’s institutional clients, allowing them to move funds faster and more securely across multiple industries and jurisdictions.

Driven by a commitment to market fairness and transparency, Bloomsbury Money, regulated in Jersey/Channel Islands as an e-money institution and VASP, utilizes an open, multi-bank network. The platform continuously integrates diverse banking partners to ensure international clients benefit from robust options, greater resilience, and a wider choice of global currencies and local payment systems.

Through this new integration with ClearBank, clients will be able to access SEPA, SEPA Instant, SWIFT, GBP clearing including Faster Payments, CHAPS and BACS, and Wire services across G10 currencies. All payments and banking services are accessed directly through Bloomsbury Money’s native, in-house built banking platform, ensuring a smooth and unified user experience.

The expanded service suite includes:

Real-time FX conversionsLocal and cross-border paymentsReal named accounts and virtual IBANsCorporate debit cards (launching soon) for business expense management, high-net-worth individuals, and private family offices.

Bridging the Gap in Cross-Border Payments
A key focus of this expansion is Bloomsbury Money’s unique ability to offer access to both stablecoin and traditional fiat banking rails. By linking these two systems together, the platform significantly cuts down settlement times for international transactions, removing traditional friction from cross-border commerce.

Industry Commentary
“As a next generation neobank, our focus is entirely on removing friction through smart technology,” concluded Chris Park, CEO of Bloomsbury Money. “Building our platform entirely in-house allows us to deliver seamless banking services that adapt directly to the high standards of our institutional clients.”

“We’re pleased to support Bloomsbury Money as it expands the capabilities available to its clients.,” said Emma Hagan, UK CEO of ClearBank. “Through ClearBank’s secure, regulated banking infrastructure, clients can access a broader range of payment and account services through a single platform, helping them move money more efficiently across markets and currencies. We’re focused on providing the banking infrastructure that allows our clients to innovate, scale and deliver more for their own customers.”

For too long, institutional finance has been held back by legacy infrastructure, built decades ago. These outdated traditional banking rails often cause delays, high fees, and a lack of transparency. In today’s fast-moving economy, there is a real urgency for banking innovation that matches the speed of modern global business, especially in highly specialized sectors.

“We are excited to bring these customized banking rails to Jersey and other offshore trust companies and funds,” said Michael Idzkowski, Co-founder of Bloomsbury Money. “Offshore markets have unique requirements, and this network expansion gives them the specialized tools they need to manage complex flows efficiently.”

As international commerce grows, the friction within traditional cross-border payment systems has become a major roadblock. Resolving these delays requires looking beyond old banking models and adopting fresh systems that bridge the gap between traditional money and digital assets, whilst maintaining the highest level of regulatory and legal compliance.

“The landscape of global money movement is changing,” added Chris Clarke, Head of Compliance at Bloomsbury Money. “By combining stablecoin and fiat banking rails, we are truly innovating cross-border payments. We are giving clients the speed of digital assets with the safety and familiarity of traditional banking whilst ensuring adherence to JFSC and global compliance standards.”

To truly fix these legacy issues, financial platforms cannot simply patch up old systems. Real innovation requires building smart, modern technology from the ground up to provide a smooth, and scalable user experience.

About Bloomsbury Money

Bloomsbury Money (no. 151029) is registered in and operating out of St. Helier, Jersey and is regulated by the Jersey Financial Services Commission for both Money Service Business and as a Virtual Asset Service Provider. Combining the institutional FX heritage of Bloomsbury Money with cutting-edge digital banking technology, Bloomsbury Money provides corporate, institutional, and high-net-worth clients with multi-currency banking, global payments, and seamless digital asset integration under a Tier-1 regulatory framework.

About ClearBank

ClearBank is transforming the way money moves. Through its banking licences and intelligent solutions, ClearBank unlocks the potential of financial institutions and corporate clients to deliver real-time payments, accounts and embedded banking services to their customers.

Purpose-built for the digital economy, it combines the reliability of a clearing bank with the agility of modern cloud-based technology. ClearBank exists to enable financial services innovation on a global scale – removing friction, increasing efficiency and creating transparency to unlock the full potential of banking infrastructure.

ClearBank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568).

ClearBank Europe N.V. is authorised by the European Central Bank (ECB) and supervised by the De Nederlandsche Bank (DNB).
Visit www.clear.bank for more information.

Bloomsbury Money Press Office
Email: press@bloomsburymoney.com
www.bloomsburymoney.com

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DUBAI, UAE, July 30, 2026 /PRNewswire/ — Award-winning broker Mitrade today announced a partnership with Bloomberg.com as energy markets, policy decisions and cross-border capital flows reshape financial conditions across MENA. The relationship advances a clear principle: informed trading begins by looking beyond immediate price action and connecting the dots.

Geopolitical events this year have exposed the speed at which the financial picture shifts. Disruption to shipping through the Strait of Hormuz has shown how a single shock can set off repricing across energy markets, rate expectations, currencies, commodities and equities. For traders, keeping pace requires more than following headlines; it means understanding how volatility travels from one market to the next. This understanding must be grounded in credible reporting, rigorous analysis, expert insight and dependable data.

“Across MENA, market understanding depends on seeing how regional developments connect to global forces,” said Kevin Lai, vice president of Mitrade Group. “We are beginning the partnership in Australia by offering Bloomberg.com subscriptions to selected Mitrade Pro clients. Beyond this initial initiative, our relationship with Bloomberg.com reflects a broader brand synergy around credible information and trader education. This alignment matters in MENA, a region whose economic influence extends well beyond its borders. As a global broker, we see meaningful scope to explore the partnership’s wider potential over time.”

Mitrade recently expanded its global product range with more than 300 new CFD instruments. It was also named Best Broker Education Global by International Business Magazine—one of 65 global and regional industry awards the broker has received to date.

About Mitrade Group 

Mitrade is a globally recognised, award-winning CFD trading platform licensed under UAE’s CMA (20200000397), South Africa’s FSCA (FSP 54842), Cayman Islands’ CIMA (SIB1612446), Mauritius’s FSC (GB20025791), Australia’s ASIC (AFSL398528), and Cyprus’s CySEC (CIF438/23).  

Connecting 7M+ traders to 1,000+ OTC derivatives, including indices, forex, commodities, ETFs, and shares, Mitrade’s platform is designed to provide fast trade execution, competitive spreads, and a user-friendly interface accessible across multiple devices.  

OTC derivatives are leveraged financial products and can result in the loss of your entire capital. Trading OTC derivatives may not be suitable for everyone. Please consider the product sheet, risk disclosure statement and client agreement before using the services and ensure that you understand the risks involved.

This article is for informational purposes only and does not constitute financial advice, an offer or a solicitation.

Visit https://www.mitrade.com for more information. 

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PASADENA, Calif., July 30, 2026 /PRNewswire/ — Sophia Space Inc., a portfolio company of Mandala Space Ventures, today announced the issuance of U.S. Patent No. 12,679,564, titled Space-Based Data Centers, which is jointly owned by Sophia Space and Caltech. The patent—filed in October 2024 and issued on July 14, 2026—covers architectures for the implementation of large-scale, modular data centers in space. The architecture uses free energy from the Sun to power onboard computers and data storage designed specifically to operate in a space environment, while passively radiating heat into deep space. The invention emerged from an internal research and development program within JPL, which is managed by Caltech, designed to support the exploration of high-risk, high-reward concepts outside of JPL’s active mission portfolio.

The patent names seven inventors, drawing on expertise from JPL, Caltech, and Sophia Space: Dr. John R. Brophy (JPL), Dr. Leon Alkalai (Sophia Space), Prof. Sergio Pellegrino (Caltech), Dr. Jonathan Sauder (JPL), Timothy P. McElrath (JPL), Dr. Douglas J. Sheldon (JPL), and Don J. Hunter. Dr. Alkalai, a longtime JPL Fellow, founded Sophia Space to commercialize the invention in June 2023 as a portfolio company of Mandala Space Ventures, a Pasadena-based venture studio focused on the emerging orbital economy.

“This patent reflects a different way of thinking about computer infrastructure in space,” said Dr. Alkalai, Founder and CTO of Sophia Space. “You can’t simply take a terrestrial data center and move it into space. Building data centers in space requires a fresh look at the energy life-cycle problem. Cooling in space is not simple. The only way to cool the data center in space is by radiating waste heat into deep space. Our work invented the ‘TILE’ architecture, a modular, scalable, passively-cooled, computing and data storage unit that can be assembled into a large-scale computing data center surface in space that is constantly powered by solar energy and constantly radiates into deep space.”

Dr. Alkalai added that “this effort builds on pioneering work previously developed at Caltech by the Space Solar Power Project that was funded by a generous donation by the Donald and Brigitte Bren Foundation in 2013.” Caltech’s Space Solar Power Project, a collaborative research effort led by three Caltech faculty, which included Prof. Pellegrino, successfully demonstrated for the first time in 2023 the project’s ability to collect and complete the directed, wireless transmission of power from space to Earth.

That work led to a different application.

“Instead of beaming down energy to Earth from orbit, we decided to consider putting computing in space and beam down data,” Dr. Alkalai noted. “The key technical problem to solve was in the area of cooling in space, which is a very tough problem to solve.”

For Dr. John Brophy, a researcher at JPL, the project represents a direct line from federally funded research to commercialized intellectual property.

“The space-based data center architecture described in this patent was developed as part of JPL’s Mission to address challenges of national significance by applying unique JPL talent,” said Dr. Brophy. “This is an illustration of how JPL, Caltech and private industry can work together to rapidly develop solutions to difficult technical problems for the benefit of the nation.”

Alongside the patent announcement, Sophia Space is expanding its R&D investment, which includes a new sponsored research agreement with Caltech to support continued development of thermal and structural technologies for orbiting data center architecture. With Caltech’s Prof. Pellegrino, Sophia Space is continuing to research new techniques to scale modular architectures in space using large-scale deployable structures. Under the agreement, Caltech will research and develop light-weight, large-scale deployable structures and thermal management techniques applicable to future Sophia Space orbiting data centers.

As demand for on-orbit computing grows — driven by the proliferation of satellite constellations, AI inference at the edge, national security applications, and the broader commercialization of low Earth orbit — the ability to process data in space, rather than downlinking it for ground-based handling, becomes a decisive enabling capability. Sophia Space intends to further develop the fundamental architectural solutions that make that possible.

Organizations in aerospace and defense, enterprise, and commercial space with interest in on-orbit computing capabilities can learn more and engage with Sophia Space at sophia.space.

About Sophia Space: Sophia Space is an orbital space computing company headquartered in Pasadena, California. The company is developing TILE modular compute platforms designed to bring AI inference and data processing directly to low Earth orbit. Sophia Space’s technology enables satellites and space platforms to process data where it is generated, reducing latency, bandwidth demands, and dependency on ground-based infrastructure. With $22 million in total funding and a 2027 on-orbit demonstration planned aboard an Apex Nova satellite bus, Sophia Space is building the intelligent infrastructure layer for the next era of space operations.

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SOURCE Sophia Space