HyperPay, the Saudi payments services provider (PSP) operating in the MENA region, reportedly obtained a license from the Saudi Central Bank (SAMA) in order to support the diversification and development of the financial services ecosystem in KSA. In line or consistent with its strategy to… Read More
Global Fintech firm Adyen (AMS: ADYEN) recently revealed that it is launching an emergency fundraising campaign for businesses on the platform in order to enable their customers to fundraise for those affected by the wildfires in Los Angeles with Americares. For this particular campaign, businesses… Read More
WeLab Bank announced its achievement of first-time breakeven in Dec of 2024 – which is just over 4 years after its establishment. This milestone exemplifies WeLab Bankās ability to achieve profitability “at a pace faster than anticipated.” As mentioned in the announcement, the accomplishment was… Read More
Billtrust, a B2B order-to-cash and digital payments firm, reported 2024 business highlights which helped reportedly companies improve customer experiences and enhance their financial health. Billtrust CEO Sunil Rajasekar said: āIn 2024, our team provided more tools than ever to help B2B finance teams gain deeper… Read More
The combined market cap of the top 50 companies in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a “20.6% year-on-year increase.” This, according to a report from GlobalData. Tech firms reportedly led the charge, with the Taiwan Semiconductor Manufacturing Company and… Read More
BlueSnap, a payment orchestration platform for B2B and B2C businesses, announced its selection by MarginEdge, which is a provider of restaurant management solutions, as its North American client billing partner. MarginEdge helps restaurant owners and managers get “out of the back office and back onto… Read More
Telr, the online payment gateway in the MENA, serving over 30,000 merchants across the region, announced a partnership with Apaya, the commerce automation platform. This partnership combines Telr’s comprehensive payment solutions in the UAE, KSA, Bahrain and Jordan, with Apaya’s no-code commerce automation platform, “enabling… Read More
Founded in 2018, CertiK claims that it became a trusted name in Web3 security by leveraging formal verification to safeguard smart contracts and decentralized systems. Over the years, CertiK expanded their offerings to include comprehensive security services, audits, and tools, solidifying their “reputation as a… Read More
Nansen has recently teamed up with TON Blockchain, which is described as a “high-performance” Layer 1 chain originally developed by Telegram, to deliver advanced on-chain analytics. Nansen confirmed in a blog post their strategic partnership with TON, a high-performance L1 blockchain built for “speed, scalability,”… Read More
HashKey Group, an end-to-end digital asset financial services group in Asia, announced that HashKey MENA FZE, a member of the HashKey Group, has received an In-Principle Approval (IPA) from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license application…. Read More
Fintech Plaid has reportedly selected Triangle for its next office, along with plans to hire more staff in 2025. Plaid CEO and cofounder Zach Perret, said that you may think of the company as the “plumbing that connects banks to the app and the app… Read More
Bank of America (NYSE: BAC) announced its Consumer Investments business has grown to more than $500 billion in client assets, a more than 10-fold increase since the business started a decade ago. This reportedly includes around 4 million client accounts with Merrill Edge Self-Directed and… Read More
The IMF has shared an update / analysis on how artificial intelligence will affect Asiaās economies. According to the blog post from the IMF, AI may widen inequality, but policymakers can “counteract this with more effective social safety nets, reskilling programs, and regulations to promote… Read More
PitchBook has shared key insights focused on the artificial intelligence (AI) and machine learning (ML) ecosystem. PitchBook noted in the latest report that investors bid up Elon Musk in AI horse raceāxAIās value has been surging in secondary trading. According to Caplight estimates, xAIās secondary… Read More
OpenLedger, backed by Polychain Capital and Borderless Capital, is building a blockchain for (artificial intelligence) AI that provides a “decentralized” trust infrastructure for creating specialized language models. CoinList noted in a blog post that OpenLedger is offering up to “51% of its total token supply… Read More
UniCredit has recently announced plans to bring its back-office activities for securities services across Italy and Germany in house, standardizing its set-up and suppliers in a move that is expected to create more than 200 new professional roles. As explained in the update, the internalization… Read More
The Hong Kong Monetary Authority (HKMA) launched the Supervisory Incubator for Distributed Ledger Technology to help banks responsibly unlock the transformative potential of distributed ledger technology (DLT). The Incubator is a supervisory arrangement designed to help banks maximize the “potential benefits” of DLT adoption by… Read More
dLocal, the payment platform connecting merchants to emerging markets, announced it has been granted the Authorized Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This positions dLocal to offer payment services in the UK, bolstering its commitment to compliance and… Read More
SC Lowy has reportedly decided to accelerate its pivot towards private credit, an area “rich” with various opportunities in Asia and the Middle East, that will pave the way for the “gradual” wind down of its open-ended liquid Primary Investments Fund (PI). Initially launched as… Read More
Airwallex, a payments and financial platform for global businesses, has recntly announced its partnership with Carwow, the online car-changing marketplace. Following the integration of Airwallexās Scale Native API, Carwow can now process “payments for those enterprise dealer groups who purchase cars from thousands of private… Read More
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