October 4, 2024 @ 8:41 am By Tony Zerucha  |  

Findings from MoneyLion’s Understanding U.S. Hispanic Financial Literacy & Empowerment 2024 Report show significant gaps between Hispanics and non-Hispanics. With detailed comparisons between Hispanic and non-Hispanic populations in the U.S., the report highlights key disparities in financial education, time constraints, and familiarity with financial products,… Read More

 Tagged David Krane, financial literacy, hispanics, Lea Landaverde, moneylion, Yuka Yoneda

October 4, 2024 @ 8:40 am By Omar Faridi  |  

Online marketplaces are now considered to be a “prime” target for fraudsters, according to an extensive report shared by Juniper Research. Juniper Research explained that this is because there are different ways of gaining access to sensitive information that is stored online for digital commerce… Read More

 Tagged fraud, fraudulent activities, insights, online marketplaces, Research Study

October 4, 2024 @ 8:35 am By Omar Faridi  |  

Visa Tokenized Asset Platform (VTAP) is a product that is designed to help banking service providers issue fiat-backed tokens. BBVA will reportedly be using VTAP in order to create digital tokens on the public Ethereum (ETH) blockchain with expected live pilots in 2025. Visa (NYSE:… Read More

 Tagged ethereum, payments, smart contracts, tokenization, visa

October 4, 2024 @ 8:33 am By Omar Faridi  |  

According to an extensive update by Finch Capital, 2024 continued to be a turbulent year for European Fintech. While funding levels continued to decline, the sector is now said to be more resilient, with certain “green shoots” now emerging. As noted in the latest research… Read More

 Tagged europe, fintech, fintech trends, germany, netherlands, research, Research Report, uk

October 4, 2024 @ 4:45 am By Tony Zerucha  |  

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration focuses on more than 636,000 merchants using M-PESA, Safaricom’s leading mobile money service. Kenya’s payment acceptance market continues to grow, with mobile wallet… Read More

 Tagged Esther Waititu, Kenya, m-pesa, mastercard, safaricom

October 3, 2024 @ 11:01 pm By Omar Faridi  |  

With over half of the hard-earned money Australian small businesses lose to scams going to fraudulent investments, CBA Executive GM Rebecca Warren provides tips on how to identify a potentially fake investment opportunity. Approximately 90% all scams reported by CommBank’s business customers in FY24 came… Read More

 Tagged australia, CBA, investment scams, scams

October 3, 2024 @ 10:57 pm By Omar Faridi  |  

Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More

 Tagged aml, compliance, enforcement action, fca, penalty, starling bank, uk

October 3, 2024 @ 10:51 pm By Omar Faridi  |  

Thunes has expanded its collaboration with Siam Commercial Bank (SCB), Thailand’s premier digital bank, a longstanding Member of the Thunes’ Direct Global Network. This alliance aims to enhance SCB’s international remittance services via the SCB EASY app, giving its customers access to dependable transfers to 26… Read More

 Tagged money movement, scb, siam commercial bank, thunes

October 3, 2024 @ 7:57 pm By Omar Faridi  |  

Xero, the global small business platform, has reported a significant 81% increase in the cost of late payments to Kiwi small businesses, surging from about $456 million in 2021 to $827 million in 2023. This data is part of the Xero Small Business Insights program,… Read More

 Tagged late payments, new zealand, research, small business

October 3, 2024 @ 11:10 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop shop” for digital financial services that helps members borrow, save, spend, invest and protect their money, and PrimaryBid Technologies Inc., a capital markets fintech firm, announced the launch of DSP2.0, a Directed Share Platform (DSP) that offers a… Read More

 Tagged investing, ipos, primarybid, sofi, us