Tagged: financial services

January 24, 2024 @ 8:22 am By Omar Faridi  |  

Liberis, a firm focused on embedded business finance solutions, announced a two-year extension of its collaboration with Worldpay, a global enabler of e-commerce and payment processing technology and solutions. Worldpay Working Capital empowers small and medium-sized enterprises (SMEs) by providing easy access “to personalized, revenue-based… Read More

January 23, 2024 @ 4:28 am By Omar Faridi  |  

Mashreq, which claims to be one of the leading financial institutions in the MENA region, has signed a Memorandum of Understanding (MoU) with the UAE-based fintech firm, Fils, in order to “develop a corporate carbon offsetting offering that helps corporate and institutional clients to integrate… Read More

January 21, 2024 @ 7:45 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions (CFIs), has recently announced the launch of Lobby Management – a new capability to create better in-branch experiences. Part of Eltropy’s Unified Digital Conversations Platform, Lobby Management empowers in-branch associates “to manage customer flow effectively, all… Read More

January 21, 2024 @ 5:46 pm By Omar Faridi  |  

Regtech Sumsub has reportedly joined the MENA FinTech Association (MFTA) in order to drive business growth in the MENA region, while “raising identity fraud awareness, and fostering innovation in the fintech sector.” This partnership highlights Sumsub’s commitment “to establishing and strengthening key industry connections and… Read More

January 16, 2024 @ 10:29 pm By Omar Faridi  |  

Australians spent nearly AUD$200 more through the latest peak sales season in 2023 compared with 2022, according to the latest Digital Economy Index from global financial platform Airwallex. The Airwallex Digital Economy Index reportedly “records year-to-date spending per adult, as well as quarter-by-quarter snapshots of… Read More

January 14, 2024 @ 5:16 pm By Omar Faridi  |  

Defining “competitiveness” in financial services is not a simple task, according to an extensive industry report. The aim of the report, produced by Luxembourg for Finance (LFF) in partnership with OMFIF, is to consider “the relative competitiveness of the European financial services industry against their… Read More

January 9, 2024 @ 11:15 pm By Omar Faridi  |  

ZilBank.com, a B2B payment platform, has recently announced its initiative that enables South Korean entrepreneurs and freelancers to conduct payments to the United States effortlessly, promoting worldwide business expansion without being limited by geographic barriers. The platform has made it easier for South Korean businesses… Read More

January 6, 2024 @ 4:34 pm By Omar Faridi  |  

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

January 6, 2024 @ 10:28 am By Omar Faridi  |  

New data from Nationwide shows that cash usage continues “to rise as many households respond to the cost-of-living crisis by budgeting with physical money.” That data also shows where the building society is “the last remaining branch in town, the growth in usage is at… Read More

January 6, 2024 @ 9:18 am By Omar Faridi  |  

As we enter 2024, Airbase wanted to take a moment to share with the progress that the Fintech firm claims to have made in 2023. According to Airbase, it was a solid year of innovation, adoption, and recognition for them. Airbase notes in a blog… Read More

January 5, 2024 @ 8:44 am By Omar Faridi  |  

Visa (NYSE: V), a digital payments firm, announced the launch of the Visa Web3 Loyalty Engagement Solution. The new value-added service reportedly aims to usher in “the future of customer engagement and loyalty, helping brands meet next-generation customers where they increasingly are – in digital… Read More

January 3, 2024 @ 11:34 am By Omar Faridi  |  

Plaid says that it has led the industry shift away from screen scraping, with the majority of their traffic now “on or committed to APIs.” Plaid are pleased to see regulators “reaffirm the industry’s adoption of this new technology.” At the same time, the open… Read More

January 3, 2024 @ 9:20 am By Omar Faridi  |  

The board of SaveLend Group AB has updated the growth strategy and adopted new financial goals for the group until 2027. By 2027, the company aims to have “a net revenue exceeding MSEK 450 with an EBIT margin of at least 27%.” SaveLend Group is… Read More

January 2, 2024 @ 11:32 pm By Omar Faridi  |  

Governor Kathy Hochul recently announced that the New York State Department of Financial Services adopted guidance for New York State-regulated banking and mortgage institutions in order “to help them manage their material financial and operational risks associated with climate change.” Governor Hochul said: “Climate change… Read More

January 2, 2024 @ 2:22 am By Omar Faridi  |  

Jaya Vaidhyanathan, CEO, BCT Digital, recently shared key insights with CI that are focused around the banking sector and unsecured loans offered in India (along with the Reserve Bank of India’s recent policy decisions). Jaya from BCT Digital notes that as we enter 2024, the… Read More

December 31, 2023 @ 2:32 pm By Omar Faridi  |  

Brad Kelly, Managing Director at Payment Services, has shared his forecast for the coming year. According to Brad Kelly, 2024 is going to be “a tough year for payment fintechs in Australia with startup corporate and business card issuers likely to fail with little value… Read More

December 30, 2023 @ 8:19 pm By Omar Faridi  |  

Ubank’s Chief Product Officer, Andrew Morrison, has provided his top tips on staying alert and scam-savvy this holiday season. For many of us at this time of year, the focus has shifted to holiday gift-giving, finalizing travel plans, and managing money coming in and out… Read More

December 30, 2023 @ 1:17 pm By Omar Faridi  |  

Kriya notes that they’re about to close off 2023 and what an “important” year it’s been for the UK Fintech firm. This time last year Kriya CEO Anil Stocker says he was reflecting on their recently launched PayLater products and rebrand. According to the company… Read More

December 29, 2023 @ 9:42 am By Omar Faridi  |  

At Chime, they claim to firmly believe that their members’ experience with our products is at the core of their success. That’s why Chime claims it continuously goes the extra mile “by investing in simple, beautiful, easy experiences that allow their members to control their… Read More

December 28, 2023 @ 9:45 pm By Omar Faridi  |  

OakNorth – a UK-based digital bank, has added Lord (Adair) Turner as its Chairman of the Board. Lord Turner reportedly has “an extensive track record in financial services, including as Vice-Chairman of Merrill Lynch Europe, a Board Director of Standard Chartered, Chair of the Financial… Read More