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Fintech
Europe's Economic Crossroads: Recession Fears and S&P Global's
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FinTech
Adyen and noon Team Up to Enhance Middle East Digital Economy
2024-07-03T18:43:18.187+02:00
The collaboration aims to streamline payments, reduce fraud, and improve the shopping experience.
Since its establishment in 2017, noon has developed into a digital ecosystem serving the UAE, KSA, and Egypt.
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FinTech
Ascend Money Soars with $195 Million from MUFG and Finnoventure
2024-07-03T13:25:26.938+02:00
TrueMoney app serves 30 million Ascend Money users in Thailand.
The firm earlier secured a $150 million investment from Bow Wave, Charoen Pokphand, and Ant.
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Thought Leaders
How Ox Securities Redefines the Future of Brokerage Success with Customer-First Approach
2024-07-03T10:03:03.470+02:00
Integrating fintech solutions in the brokerage industry is important for customer success.
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Payments
Klarna Hooks Up with Adobe Commerce to Roll Out BNPL Services
2024-07-02T18:18:30.567+02:00
Adobe partnered with Nuvei recently to streamline eCommerce payments through a unified API.
Earlier, Klarna sold checkout business for $520M, shifting focus from direct competition.
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Payments
10 Lessons Traditional Banks Can Learn from Revolut's Success
2024-07-02T17:10:26.954+02:00
How a digital-first model sets a new standard for banks.
Revolut's 2023 success highlights innovation in financial services.
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FM-Events
FMPS - An Exploration of Fintech Regulation in APAC
2024-07-02T12:24:37.988+02:00
Regulatory approaches to fintech in APAC vary significantly across countries.
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FinTech
Mesh and Conio Launch Europe's First Bitcoin Open Banking Solution
2024-07-01T13:02:41.448+02:00
The collaboration integrates Mesh's technology with Conio's platform, linking Bitcoin wallets with exchanges.
This initiative aims to eliminate QR codes and complex address handling.
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Institutional FX
DMALINK and Ibanera Form Strategic Alliance for Tech Sector Finance
2024-06-28T10:00:00.000+02:00
The collaboration targets financial challenges faced by technology companies.
Future plans include tailored services for tech firms, focusing on digital assets.
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Payments
Wise Partners with Qonto to Smooth Out Cross-Border Transactions
2024-06-26T13:09:02.222+02:00
Qonto customers can now send money to 24 currencies across 130 countries with enhanced tracking.
Wise Platform will be integrated into Qonto’s, using the mid-market exchange rate without hidden fees.
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FinTech
Fintech Sector Sees Revenue Growth despite 70% Funding Slump
2024-06-26T10:13:21.332+02:00
BCG report shows fintech income rose 14% from 2021-2023 despite financing shortfall.
Industry shifts focus to profitability and compliance as embedded finance and AI shape future growth.
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FinTech
Nubank Collaborates with Lightspark to Implement Bitcoin Lightning Network
2024-06-25T17:22:52.884+02:00
Lightspark's technology streamlines Nubank's operations, without complex technical management.
More developments and enhancements are anticipated as the Lightning Network integration advances.
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FinTech
Neobanking in Transition: Opportunities and Obstacles in a $6.37 Trillion Transaction Era
2024-06-24T15:31:00.000+02:00
The rise of neobanking is fueled by cloud-based technology, AI, and white-label solutions.
Despite rapid growth, profitability remains a challenge for many neobanks due to reliance on interchange fees and regulations.
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FinTech
Revolut’s $40 Billion Valuation Will Outpace Banks
2024-06-24T07:19:39.713+02:00
The fintech is planning to resell $500 million of its shares at a valuation of over $40 billion.
The reported valuation is more than the market cap of Barclays, NatWest, and Deutsche Bank.
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FinTech
Adyen and SumUp Partner to Accelerate Payment Solutions for SMEs
2024-06-21T17:11:51.004+02:00
The collaboration expands same-day settlements to small merchants in Europe and the UK.
It aims to provide near-instant access to funds, reducing large working capital reserves.
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FM-Events
Leading Fintech Expos in APAC in 2024
2024-06-20T11:36:00.517+02:00
2024 is highlighted by several important fintech expos coming soon in APAC.
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FinTech
You Will Earn the Most in These Two Financial Technology Sectors, Survey Finds
2024-06-13T15:09:44.935+02:00
The fintech industry has seen significant changes in hiring and salaries, according to Harrington Starr.
Cyber security and IT are two places that attract the most people due to their high earnings.
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Payments
Mastercard and Doha Bank Join Forces to Boost Digital Payments in Qatar
2024-06-13T10:59:36.672+02:00
The partnership will enhance digital payments business using Mastercard's expertise.
Qatar's focus on digital transformation is supported by the collaboration on advanced payment.
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Payments
TrueLayer and Jaja Join Forces to Roll Out Instant Credit Card Payments
2024-06-11T10:28:09.997+02:00
Jaja's Vanta Credit Card and partner brands now offer auto-populated, instant credit card payments via TrueLayer.
The new feature offers instant repayments and aims to improve money management for credit card users.
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FinTech
Equals Money Unveils New Revenue Streams through Banking-as-a-Service
2024-06-10T13:02:45.798+02:00
The expansion into BaaS diversifies its product line, offering new revenue avenues.
Customers can leverage existing infrastructure to provide custom-branded cards, global payments, and multi-currency accounts.
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FinTech
Revolut Joins Hands with BRCC: Bridging Trade between UK and Romania
2024-06-07T16:43:39.611+02:00
In 2023, the firm processed almost 74,000 transactions per hour for its Romanian retail customers.
Revolut Bank UAB, licensed by the European Central Bank and regulated by the Bank of Lithuania, operates in 30 EU markets.
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Retail FX
Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
2024-06-07T10:19:39.657+02:00
The firm has invested HKD440 million in Airstar Bank, becoming its second largest beneficial owner.
Earlier, its Moomoo App introduced 24-hour trading for US stocks in Singapore and Australia.
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Payments
CFPB Rule Shakes Up Banks: Open Banking Ushers in an Era of Transparency
2024-06-06T18:00:00.000+02:00
The CFPB launches process to recognize Open Banking standards.
New rule prevents dominant incumbents from squelching startups.
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FinTech
Mastercard Engage Program Welcomes Sumsub for Fraud Protection
2024-06-05T11:12:22.241+02:00
Sumsub will offer its verification and anti-fraud solutions for customer onboarding.
Integration addresses urgent need for transaction monitoring amidst fraud rise.
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Payments
Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer
2024-06-04T17:31:57.473+02:00
The collaboration simplifies FX transactions, offering end-to-end wire transfers.
It connects to multiple global networks, serving as a hub for payment channels.
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Payments
Temenos Collaborates with Mastercard to Enhance Cross-Border Payment
2024-06-04T11:35:15.279+02:00
The collaboration aims to improve payment infrastructure for financial institutions and clients.
Mastercard Move enables secure and swift transfers via various disbursement options.
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