May 10, 2024 @ 8:54 am By Omar Faridi  |  

Nubank (NYSE: NU) announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement reportedly comes on “the heels of record 2023 financial results, with over US$1… Read More

 Tagged banking, brazil, digital bank, latam, nubank

May 9, 2024 @ 10:08 pm By Omar Faridi  |  

Setu, an Indian Fintech company, unveiled Sesame – India’s “first” Large Language Model (LLM) specifically designed for the BFSI (banking, financial services and insurance) sector. Developed by Setu in collaboration with indigenous AI research firm Sarvam AI, this breakthrough marks a “ChatGPT Moment” in the… Read More

 Tagged fintech adoption, india, large language models, setu

May 9, 2024 @ 9:10 pm By Omar Faridi  |  

Symphony – the markets infrastructure and technology platform – is expanding its global footprint by establishing a commercial office in the Middle East. The new office will be located in Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, “underlining Symphony’s… Read More

 Tagged adgm, mena, symphony

May 9, 2024 @ 3:39 pm By JD Alois  |  

Stripe, a global Fintech that is a huge e-commerce and payments player, has issued a post that retail investors should be careful about claims they can invest in their shares. Stripe is a private company that may never go public. Today, due to excessive regulation… Read More

 Tagged stripe

May 9, 2024 @ 3:21 pm By JD Alois  |  

Plenty was co-founded by Emily Luk (formerly of Stripe) and Channing Allen (formerly of Homebase) out of personal need. Luk and Allen met while working together at the on-demand payment platform Even, which was acquired by Walmart-owned One. The duo eventually married, and the idea… Read More

 Tagged Plenty, wealthtech

May 9, 2024 @ 3:01 pm By Omar Faridi  |  

Square unveiled Square Kiosk, which is described as a fully integrated software, hardware, and payments solution that enables self-serve ordering for quick-service restaurants. Designed with fast-moving and fast-growing restaurants in mind, Square Kiosk empowers guests “to customize and place orders through its sleek and intuitive… Read More

 Tagged $sq, ecommerce, payments, square

May 9, 2024 @ 2:59 pm By Omar Faridi  |  

Fasanara Capital Ltd, a global asset manager with around $4 billion in AUM and a market leader in the fintech lending space, is pleased to announce a $100 million credit facility to Mexican credit card lender, Plata. Plata aims to transform the financial ecosystem for… Read More

 Tagged asset management, fasanara capital, fintech lending, plata

May 9, 2024 @ 2:56 pm By Omar Faridi  |  

U.S. businesses and consumers are rapidly adopting digital, faster and instant payment services, according to studies released by Federal Reserve Financial Services. Digital wallet use saw especially strong growth in 2023 — efficiency-focused businesses increased their use “by 31% over the prior year, and convenience-minded… Read More

 Tagged federal reserve financial services, payments, research

May 9, 2024 @ 10:57 am By Omar Faridi  |  

Boarding public transport and pay the fare by simply tapping with a contactless payment card or mobile phone (to which the card is binded) on turnstiles or authorized readers: Rome is reportedly the first city in Europe to “offer this contactless payment service to cardmembers… Read More

 Tagged fintech trends, italy, nexi, rome

May 9, 2024 @ 10:38 am By Omar Faridi  |  

The Payment Systems Regulator (PSR) is proposing to direct banks and other payment firms participating in CHAPS to reimburse their customers who have been victims of authorised push payment (APP) scams. The PSR’s direction will underpin the Bank of England’s new CHAPS reimbursement rules. In… Read More

 Tagged bank of england, fraud, payments, psr, scam, uk, united kingdom