Global Fintech Wise and Swift to Expand Cross-Border Payments Options

Swift and Wise  (LSE:WISE) says they will increase cross-border payment options for financial institutions and their customers, enabling payments sent via Swift to be completed over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings “will be able to route Swift payment messages… Read More

UK SMEs Consider Tax Incentives, Access to Finance as Key Areas Needing to be Addressed by Government – Report

Ahead of a “painful” Budget expected this autumn, new research from independent SME funder Bibby Financial Services (BFS) reveals that UK SMEs consider tax incentives and access to finance as two critical areas that need “to be addressed by the Government to unlock growth.” Data… Read More

Generative AI Adoption Has Potential to Significantly Boost UK Annual Economy – Research Report

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

Digital Commerce Report: Investments Increase QoQ, Netting $1.9 Billion Across 101 E-Commerce Deals

E-commerce enablement investments have reportedly increased QoQ, producing $1.9 billion across 101 different deals, improvements of 2.4% as well as 9.8%, respectively. This, according to the latest research report from PitchBook. However, PitchBook pointed out in its latest report that YoY contractions “were sharper, with… Read More

Malta Financial Services Authority Emphasizes Need for Transparency, Consumer Protection in Market for Green Financial Products

As the global focus on sustainability intensifies, Malta’s financial sector is embarking on green initiatives also when designing new financial products. A recent review by the Malta Financial Services Authority (MFSA) has shed light “on the need for greater transparency and consumer protection in the… Read More

Brazil’s Digital Bank Nubank Enters Agreements to Expand Total Addressable Market for Payroll Loans

Nubank (NYSE: NU) announces the signing of agreements with the states of Rio de Janeiro and Minas Gerais to expand the offering of payroll loans. With these two new contracts, the company reaches a “total of 11 agreements and expands its total addressable market (TAM)… Read More

Ontario’s Financial Services Regulator, Fintech Cadence to Support Innovative Initiatives

Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year partnership is supported “through FSRA’s Innovation Office.” It will empower and support fintech startups “to identify opportunities and address barriers to help them bring… Read More

Digital Wallets Adoption Is Enabling Financial Inclusion and Move Towards Cashless Economies – Research

Digital wallets are said to be a rapidly growing online technology, which has now reportedly experienced a particular and steady growth in popularity since the COVID-19 outbreak of 2020. This, according to a comprehensive report from Juniper Research. Juniper Research noted that it is also… Read More

Carta Ownership Trends in Private Equity Report Highlights Progress Made Toward Expanding Employee Ownership

Carta has recently examined ownership trends in private equity: 2024. Hamza Shad, Christina Cheledinas, Janet Deng, Lucy Wang noted in the second annual Ownership Trends in Private Equity report that the update “provides a status update on the progress private equity has made toward the… Read More

Fintechs Lighthub and WeLab Eye Virtual Banking License in Thailand

Lighthub Asset, a Thai Fintech firm, and WeLab, a pan-Asian fintech platform, have submitted a joint application for a virtual banking license with the Bank of Thailand (BoT). The result of the application is expected in the first half of 2025, according to a statement… Read More

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