May 18, 2024 @ 9:58 am By Omar Faridi  |  

SALT is pleased to announce that it has received regulatory approval from the UK’s Financial Conduct Authority (FCA) in order to offer consumer lending services. This is a key milestone in the company’s journey towards improving boat ownership through its new app. The success they… Read More

 Tagged fca, salt, uk, united kingdom

May 18, 2024 @ 9:51 am By Omar Faridi  |  

Klarna explains that it supports the “principle” of sharing data with credit bureaus, and they do share data with bureaus in the UK. They are not sharing data in the US because they claim that the bureaus “do not have proper models to responsibly process… Read More

 Tagged bnpl, data-sharing, klarna, united states

May 17, 2024 @ 8:54 pm By Omar Faridi  |  

PhonePe announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a session held in Colombo. The session saw participation from Shri Santosh Jha, the High Commissioner of India to Sri Lanka, as the Chief Guest, who highlighted… Read More

 Tagged digital payments, fintech trends, india, PhonePe, upi adoption

May 17, 2024 @ 7:17 pm By Omar Faridi  |  

ANZ has announced ANZ Plus Add-Ons, enabling customers to customise their banking experience with a mix of smart money management tools from the bank, and integrated experiences from third-party partners. ANZ Plus Add-Ons include “the new Money Map and Money In & Out. Money Map… Read More

 Tagged ANZ, australia, banking, digital tools, financial services, money management

May 17, 2024 @ 6:46 pm By Omar Faridi  |  

Emirates NBD, which is one of the banking groups in the MENA and Turkey region, has partnered with Pine Labs, a merchant commerce omnichannel platform, to ensure that companies across the region have access to the latest, and best, payment solutions. As part of its… Read More

 Tagged banking, digital bank, emirates nbd, fintech adoption, mena, pine labs

May 17, 2024 @ 10:01 am By Omar Faridi  |  

We spoke to co-founder of PayFuture Technologies Dubai, Zaki Farooq on why businesses should overcome their reluctance to enter emerging markets to tap into a world of opportunity. Emerging markets are one of the fastest developing sectors of the global economy and many new businesses are establishing… Read More

 Tagged emerging markets, interview, payfuture technologies, zaki farooq

May 17, 2024 @ 9:25 am By Omar Faridi  |  

Corporate venture capital funding rebounds in Q1’24, driven by $100M+ mega-rounds, according to an update from CBInsights. CBInsights noted that Corporate venture capital (CVC) had “a solid quarter in Q1’24, with CVC-backed funding increasing by 26% quarter-over-quarter (QoQ), greater than the venture market as a… Read More

 Tagged research, vc, venture capital

May 17, 2024 @ 8:56 am By Omar Faridi  |  

Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Elizabeth Faber, Deloitte Global Chief People & Purpose Officer, said: “This year’s survey spotlights two… Read More

 Tagged consumer behavior, deloitte, gen z, generative ai

May 16, 2024 @ 10:39 pm By Omar Faridi  |  

Consumers are willing to spend an average of 9.7% more on sustainably produced or sourced goods, even as cost-of-living and inflationary concerns weigh, according to PwC’s 2024 Voice of the Consumer Survey, released recently. The survey, which collected “the perspectives of more than 20,000 consumers… Read More

 Tagged pwc, research, survey, sustainability

May 16, 2024 @ 10:38 pm By Omar Faridi  |  

Chime, provider of a banking app, is announcing MyPay, a new offering that will aim to transform how everyday people access their pay in America. MyPay, Chime’s innovation, lets eligible members “access up to $500 of their pay, including government benefits, before payday with no… Read More

 Tagged banking, chime, ewa, neobank, payments