June 22, 2024 @ 10:26 am By Michael Wong  |  

Turkish Fintech startups have achieved a record investment of $166 million in the first five months of 2024, showcasing significant growth within the sector. This information was detailed in the “Türkiye Fintech Snapshot for May 2024,” published by the Presidency’s Finance Office, which tracks the development… Read More

 Tagged startups, turkey

June 22, 2024 @ 10:13 am By Michael Wong  |  

Fintech Nexus, a prominent name in the Fintech community formerly known as LendIt, has announced it will be closing down and filing for bankruptcy. Last year, Fintech Nexus exited large scale events – a sector of the Fintech industry the organization had largely dominated in… Read More

 Tagged bo brustkern, Fintech Media, fintech nexus, lendit, media, peter renton

June 21, 2024 @ 6:09 pm By Omar Faridi  |  

Sumsub has reportedly entered a long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions. Sumsub has teamed up with Finastra, a global provider of financial software applications and marketplaces, in order to “support financial institutions worldwide with their compliance… Read More

 Tagged compliance, finastra, regtech, sumsub

June 21, 2024 @ 6:08 pm By Omar Faridi  |  

For small businesses, navigating the set-up of payment acceptance can be confusing and expensive, often requiring significant upfront costs to set up a website, checkout, and POS terminal. This, according to an update from researchers at Juniper Research. However, merchants can now do all these… Read More

 Tagged payments, research, small businesses, sme's

June 21, 2024 @ 6:05 pm By Omar Faridi  |  

Numerated has announced a strategic investment from Citi (NYSE:C). Citi will also engage Numerated to “provide its financial spreading solution for the bank’s enterprise lending operations.” Numerated is a modular commercial lending platform “delivering efficient experiences to any or all parts of the credit process.”… Read More

 Tagged banking, citi, lending, numerated

June 21, 2024 @ 5:55 pm By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France have published the 4th edition of their joint report on the monitoring and assessment of the climate commitments made by Paris financial centre participants. This report is… Read More

 Tagged acpr, amf, climate, europe, france

June 21, 2024 @ 2:34 pm By Omar Faridi  |  

Verifi notes in a blog post that Visa post-purchase dispute volumes went up more than 7% in 2023 alone. As mentioned in the update from Verifi, the combination of “lost sales, dispute fees, operational costs, relating to disputes, can cause merchants to lose unnecessary revenue.”… Read More

 Tagged digtal transactions, payments, verifi, visa

June 21, 2024 @ 1:28 pm By Omar Faridi  |  

PayPal Ventures is leading Gynger‘s $20 million Series A round. Gynger, the embedded financing platform for technology purchases, also announced the close of “up to $100 million debt facility to fuel its growth.” Gynger, the embedded financing platform for technology purchases, had its investment round… Read More

 Tagged embedded financing, funding round, gynger, PayPal Ventures

June 21, 2024 @ 1:01 pm By Omar Faridi  |  

The wCBDC pilot on SIX Digital Exchange will continue over the next two years. The Swiss National Bank (SNB) announced the continuation of the Helvetia Pilot focusing on tokenized securities settlement on SIX Digital Exchange (SDX) in Swiss franc digital central bank money for financial… Read More

 Tagged cbdcs, digital currency, snb, switzerland, wcbdc

June 21, 2024 @ 12:37 pm By Omar Faridi  |  

In May, Chime announced the news of its latest product innovation: MyPay. Consumers across the country are done waiting for payday, Chime notes while claiming that within 48 hours of sharing the news of MyPay and early access to the product “for eligible members, more… Read More

 Tagged chime, fintech adoption, mypay, us