July 31, 2024 @ 9:12 am By Omar Faridi  |  

Lloyds Bank’s latest Business Barometer found that overall business confidence rose significantly in July to equal the highest level in confidence shown by businesses for eight years. Business confidence in the UK increased by 9 points “to 50% this month, reversing the drop in June… Read More

 Tagged business confidence, lloyds bank, research, uk, united kingdom

July 31, 2024 @ 5:22 am By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announces the establishment of its first global Center of Excellence (COE) focused on Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE will serve as the development hub “for Backbase’s AI banking solutions worldwide and will… Read More

 Tagged ai, backbase, engagement banking, vietnam

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

C2FO, the on-demand working capital platform, announced that the Small Industries Development Bank of India (SIDBI) is the latest financier to join C2treds. This national funding platform “enables the early payment of invoices to provide much-needed liquidity to India’s micro, small, and medium-sized businesses (MSMEs).”… Read More

 Tagged c2fo, development bank, india, working capital

July 30, 2024 @ 10:17 pm By Omar Faridi  |  

Network International, the enabler of digital commerce, and Biz2X, a global technology and financing fintech in the U.S., India and Australia with over $10 billion USD funded through its digital lending platform, today announced a new SME financing partnership. The primary objective of the partnership… Read More

 Tagged biz2x, digital commerce, middle east

July 30, 2024 @ 10:13 pm By Omar Faridi  |  

Deloitte’s 2024 Global Tax Policy Survey analyzed the responses of more than 1,000 tax and finance executives within the Forbes 2000 set of multinational organizations, representing a wide range of industries, organization sizes, and geographies to understand how they are handling the immense changes in… Read More

 Tagged deloitte, taxes

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

In a move to help stop bank impersonation scams and improve the customer experience, Westpac and Optus are introducing a new in-app calling capability for Westpac customers. Westpac SafeCall will allow customers “to receive calls via the app that are Westpac branded, verified by Optus… Read More

 Tagged australia, optus, scams, westpac

July 30, 2024 @ 10:11 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, announced that it has become the first payment service provider to receive the Reserve Bank of India’s Payment Aggregator license for cross-border payments, for both imports and exports. This approval allows the company to “extend its cross-border… Read More

 Tagged cashfree, india, payments, rbi

July 30, 2024 @ 10:10 pm By Omar Faridi  |  

API infrastructure platform M2P Fintech reportedly reached the final stage to secure $80 million at a $900 million valuation. M2P Fintech, previously known as Yap, is said to be in the last few stages of finalizing a new round including new and existing investors, according… Read More

 Tagged api infrastructure, funding round, india, M2P Fintech

July 30, 2024 @ 5:20 pm By JD Alois  |  

Digital bank LendingClub (NYSE: LC) has released Q2 earnings which are being described as an “inflection point” for the Fintech. Net income increased to $14.9 million from $12.3 million in Q1 2024. LendingClub CEO Scott Sanborn, LendingClub CEO said their product innovations enabled them to… Read More

 Tagged banking, digital bank, lendingclub, online lending

July 30, 2024 @ 5:02 pm By Omar Faridi  |  

In a strategic move to extend its global footprint, Toss Securities, a securities firm with a data-driven investment platform based in South Korea, is set to establish a new corporate office in the United States. Toss Securities is a subsidiary of the South Korean Fintech,… Read More

 Tagged data, securities, south korea, toss securities, viva republica