January 2, 2025 @ 11:25 am By Omar Faridi  |  

US credit card defaults have reportedly surged to $46 billion in the first 9 months of 2024, which is said to be the highest since 2010. Credit card defaults are now up more than 50% year-over-year. And defaults of seriously delinquent credit card loan balances… Read More

January 2, 2025 @ 10:31 am By Omar Faridi  |  

As the year 2024 came to an end, the team at Polygon said it was clear that the past year was a mix of significant progress as well as challenges. The team at Polygon has provided a quick recap of the key developments from the… Read More

January 2, 2025 @ 8:23 am By Omar Faridi  |  

As 2024 came to an end, Coin Metrics says that the year stands in stark contrast to the crypto winter of 2022. As mentioned in the report from Coin Metrics, 2024 was one of the “most consequential years in the history of crypto” across multiple… Read More

January 2, 2025 @ 8:18 am By Omar Faridi  |  

Bitget Wallet, a Web3 non-custodial wallet, has reportedly exceeded 60 million global users, achieving 300% annual growth during 2024. Through ecosystem expansion, the platform has seen substantial adoption across key regions, solidifying its position as a key player in the multi-chain wallet ecosystem. Bitget Wallet… Read More

January 2, 2025 @ 8:13 am By Omar Faridi  |  

Standard Chartered (LON: STAN) expects global economic growth, led by nations such as the UK, China, and the US, to be broadly flat in 2025, slowing slightly to 3.1% from 3.2% in 2024. This, following the recent US elections. Standard Chartered noted in its detailed… Read More

January 1, 2025 @ 11:10 am By Omar Faridi  |  

The Reserve Bank of India (RBI) has recently released its Financial Stability Report. The update highlights key developments in the country’s financial ecosystem and what we can expect in 2025. Jaya Vaidhyanathan, CEO, BCT Digital has shared insights with CI on the nation’s banking sector…. Read More

January 1, 2025 @ 6:19 am By Omar Faridi  |  

Aditya Birla Capital Limited (ABCL) has announced a new milestone by becoming the first BFSI company to “go live” on all three core financial services – lending, insurance, and mutual fund investments, available on the Open Network for Digital Commerce (ONDC) platform. This latest development… Read More

December 31, 2024 @ 4:41 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has announced a partnership with Dgpays, a financial technology provider, to advance the adoption of digital payment solutions for consumers and businesses across the EEMEA region. As part of the partnership, Mastercard and Dgpays will co-develop payment technologies and loyalty solutions tailored… Read More

December 31, 2024 @ 4:40 pm By Omar Faridi  |  

Cytora, the digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS. The integration will now reportedly enable P&C underwriters to gain insights into climate and natural disaster risk. Moody’s RMS Location Intelligence API provides catastrophe peril insights in… Read More

December 31, 2024 @ 2:04 pm By Omar Faridi  |  

As we get closer to the new year, the team at Melio has shared key trends that they believe are shaping the B2B payments landscape. Melio commented on what we should expect to see in 2025. In 2025, Melio noted that we should expect to… Read More

December 31, 2024 @ 2:02 pm By Omar Faridi  |  

Taxbit says it is ready to support Brazilian businesses in meeting new crypto regulatory requirements with solutions designed to simplify compliance and ensure “seamless” reporting. The Brazilian Federal Revenue Service’s proposal demonstrates its commitment to aligning domestic crypto taxation with global standards. By expanding reporting… Read More

December 31, 2024 @ 11:48 am By Omar Faridi  |  

OKX Founder Star Xu noted that as the CEO of the digital assets firm and a builder at heart, they are pleased to reflect on a solid year of growth and progress. Despite challenges, 2024 was a year of focus, innovation, and resilience, according to… Read More

December 31, 2024 @ 11:33 am By Omar Faridi  |  

Nayax Ltd. (Nasdaq: NYAX), a commerce enablement and payments platform designed to help merchants scale businesses by simplifying payments and maximizing loyalty, announced that it will deploy its EasyFuelPlus, a fuel management system, by OTI PetroSmart, a provider of fuel management and payment solutions, across… Read More

December 31, 2024 @ 11:28 am By Omar Faridi  |  

With the inflation rate expected to increase again in December after October and November’s surges, SumUp conducted a survey, asking US business owners about their understanding of inflation and its impact on their business, past, and future. The survey focused on 4 key areas: the… Read More

December 31, 2024 @ 10:24 am By Omar Faridi  |  

Ledger’s partnership at the recent ETHGlobal Hackathon in Bangkok showcased a range of projects that are reportedly focused on enhancing digital asset security. Participants developed solutions to improve developer tools, enhance user experience, and “explore new use cases” for Ledger’s hardware wallets. Standout projects included… Read More

December 31, 2024 @ 10:23 am By Omar Faridi  |  

CFPB Director Rohit Chopra has issued a statement on developments regarding large asset manager ownership of banks. Rohit Chopra noted that the US has understood the importance of preventing commercial interests from “gaining an unfair advantage by consolidating ownership of railroads, electric utilities, banks, and… Read More

December 31, 2024 @ 10:22 am By Omar Faridi  |  

HC3, a data-driven statement provider, announced a partnership with Apiture, a provider of digital banking solutions, to deliver digital statements via the Apiture Digital Banking Platform. The partnership enables Apiture bank and credit union clients to provide their account holders with “secure, immediate access to… Read More

December 31, 2024 @ 8:22 am By Omar Faridi  |  

The US Department of Justice (DOJ), together with the Federal Trade Commission (FTC), announced a civil enforcement action against Dave Inc. and its co-founder, President, Chief Executive Officer, and Chairman of the Board of Directors, Jason Wilk, for alleged violations of the FTC Act and… Read More

December 30, 2024 @ 12:01 pm By Omar Faridi  |  

Visa (NYSE: V), a global enabler of digital payments, announced its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This year, Visa’s preliminary insights indicate that the “overall holiday retail spend in the U.S. increased 4.8% year over year.” This is across all forms… Read More

December 30, 2024 @ 8:47 am By Omar Faridi  |  

Nick Jones, Founder and CEO, Zumo, has shared three trends that he thins will shape the digital assets sector in 2025. According to Nick Jones from Zumo, the regulatory gaze will intensify. He noted that it is fair to say that regulation usually “lags behind… Read More