November 25, 2024 @ 8:28 am By Omar Faridi  |  

Plenti Group Limited has provided its results for the six-month period ended 30 September 2024 (1H25). The Plenti Group shared the following financial highlights: Closing loan portfolio of $2.3 billion, up 14% on pcp Loan originations of $627 million, up 0.4% on pcp Half-year revenue… Read More

 Tagged adam bennett, fintech lender, lending, plenti group, progress report

November 24, 2024 @ 6:46 pm By Michael Wong  |  

Qatar Development Bank (QDB) has announced a strategic investment in Wahed, a global financial technology company that specializes in Shariah-compliant investing. The move underscores QDB’s commitment to fostering innovation and advancing Islamic finance. Wahed, founded in 2015, has grown into a major player in the… Read More

 Tagged qatar, qatar development bank

November 24, 2024 @ 6:00 pm By Tony Zerucha  |  

According to the latest Global State of Fraud and Identity Report from LexisNexis Risk Solutions, banks and online retailers can significantly improve their ability to capture hard-to-detect high-risk fraudulent transactions by combining shared fraud intelligence into their risk assessments. Examples include a US bank that… Read More

 Tagged fraud detection, lexisnexis risk solutions, shsared intelligence, Stephen Topliss

November 24, 2024 @ 12:02 pm By Tony Zerucha  |  

Solidgate CEO Yuri Alekseev believes the return of Donald Trump to the White House could bring substantial changes in the digital payments landscape, given the administration’s commitment to deregulation. He said Trump’s previous term marked the biggest rollback in regulations since the 2008 crisis, including… Read More

 Tagged deregulation, digital finance, donald trump, Solidgate, Yuri Alekseev

November 23, 2024 @ 6:13 pm By Tony Zerucha  |  

This week, Tassat Group, a provider of private permissioned blockchain-based real-time settlement solutions, announced its strategic partnership with Veuu, an AI-powered healthcare fintech company, to improve the inefficiencies and opaqueness plaguing the healthcare claims and payment process. Leveraging Tassat’s smart contract capabilities, this collaboration empowers… Read More

 Tagged healthcare, Tassat, Terence Mills, Veuu, Zain Saidin

November 23, 2024 @ 6:12 pm By Tony Zerucha  |  

This week, Fintech PayEm released today the results of exclusive research that reveals that 86% of financial professionals still rely on Excel for budgeting and forecasting and 75% use manual reviews and approvals rather than AI or automated solutions. PayEm said these statistics demonstrate the technological gap that… Read More

 Tagged ai, automation, Excel, itamar jobani, payem

November 23, 2024 @ 6:08 pm By Tony Zerucha  |  

Indian retail intelligence platform Bizom has collaborated with global nonprofit Accion and Mastercard Center for Inclusive Growth, the philanthropic arm of Mastercard, to expand its digital consumer packaged goods (CPG) marketplace. The collaboration seeks to serve more than four million small retailers through embedded credit… Read More

 Tagged accion, Bizom, Lalit Bhise, mastercard, msme, Subhashini Chandran, Victoria White, Vikas Varma

November 23, 2024 @ 6:04 pm By Tony Zerucha  |  

As Black Friday and the holiday shopping season approaches, payment service providers, merchants and Fintechs are preparing for a surge in transactions. However, so are fraudsters. According to recent studies conducted by public and private entities, cybercriminals are increasingly using AI-based techniques that allow them… Read More

 Tagged fraud, Pinar Alpay, signicat

November 23, 2024 @ 5:58 pm By Omar Faridi  |  

Digital banking platform Nubank‘s (NYSE: NU) rise to Brazil’s “number one” bank provider is highlighted in an update which noted that the challenger has now overtaken Banco do Brasil, the country’s oldest bank founded in 1808, signifying a “paradigm shift” in the banking industry. By… Read More

 Tagged brazil, digital banking, fintech adoption, latam, nubank, research

November 23, 2024 @ 5:57 pm By Omar Faridi  |  

Wirex, a Web3 money app, is pleased to announce a global alliance with Banking Circle, a provider of innovative banking services. This collaboration is expected to significantly enhance Wirex’s financial operations across the globe, empowering users with seamless banking solutions. Under the partnership, Banking Circle… Read More

 Tagged banking circle, ukl, united kingdom, wirex