December 24, 2023 @ 2:02 pm By Michael Wong  |  

Thailand’s Kasikornbank Pcl, the country’s second-largest bank, is developing a digital-asset ecosystem to provide innovative funding routes for companies, according to a Bloomberg report. This move includes the October acquisition of the licensed digital-asset exchange Satang Corp, marking a rare instance of a major lender… Read More

 Tagged banking, kasikornbank, thailand

December 24, 2023 @ 9:55 am By Omar Faridi  |  

Banks have vastly evolved over the last 50 years but the underlying global financial system has remained largely the same; obscure and inefficient. The advent of regulated digital assets and programmable money, “along with its adoption by central banks around the world offers a root… Read More

 Tagged banking, digital bank, pave bank

December 24, 2023 @ 6:50 am By Omar Faridi  |  

In an effort to streamline its customer service operations and enhance its customers’ digital banking experience, Libyan Islamic Bank (LIB) has partnered with Backbase, the enabler of engagement banking platform solutions worldwide. Established in 2017 with a primary focus on retail and corporate segments, LIB… Read More

 Tagged backbase, digital banking, engagement banking, financial services, fintech adoption, fintech trends, Islamic Banking, mena, mena region, virtual bank

December 24, 2023 @ 3:56 am By Omar Faridi  |  

Remittances to low- and middle-income countries (LMICs) grew “an estimated 3.8% in 2023, a moderation from the high gains of the previous two years.” Of concern is the risk of “decline in real income for migrants in 2024 in the face of global inflation and… Read More

 Tagged payments, remittances, research, world bank

December 23, 2023 @ 9:26 pm By Michael Wong  |  

Fintech Alliance PH has commended the Philippine government for the enactment of the Internet Transactions Act (ITA), which aims to enhance and secure e-commerce transactions in the country. President Ferdinand R. Marcos Jr. signed Republic Act 11967, known as the ITA, marking a critical step… Read More

 Tagged fintech, fintech alliance ph, Philippinese

December 23, 2023 @ 1:24 pm By Omar Faridi  |  

Layer2 Financial, a BaaS and payments infrastructure technology, is announcing a strategic partnership with Evita, a B2B cross-border payments solution specializing in large transactions. This collaboration marks a significant milestone in “the financial technology landscape, leveraging the strengths of both entities to streamline and optimize… Read More

 Tagged b2b, baas, cross-border payments, digital transactions, evita, infrastructure, layer2 financial, payments

December 23, 2023 @ 12:19 pm By Omar Faridi  |  

Sygnum Bank has announced a strategic partnership with Aquila GVM Consulting SA, an independent wealth management firm in Lugano with traditional asset management expertise. Aquila GVM Consulting will reportedly “leverage Sygnum’s crypto-native all-in-one digital asset banking services.” By working with Sygnum, Aquila GVM Consulting is… Read More

 Tagged aquila gvm consulting, asset management, lugano, sygnum, sygnum bank, wealth management

December 23, 2023 @ 11:09 am By Omar Faridi  |  

Rabobank is pleased to announce that Carlo van Kemenade will join the Managing Board as Director of Retail Netherlands “as of 1 April 2024.” As a member of the Managing Board, he will be “responsible for the entire Retail domain in the Netherlands for a… Read More

 Tagged carlo van kemenade, europe, financial services, netherlands, new appointments, rabobank

December 23, 2023 @ 8:28 am By Omar Faridi  |  

Nearly one in four (24%) Americans have been victimized by fraud or identity theft “while using gig economy platforms, like delivery and ride-sharing apps,” according to an update from TransUnion. That is more than double the rate they “experienced elsewhere, with only 10% reporting victimization… Read More

 Tagged fraud, fraudulent activities, identity fraud, identity theft, research, survey, transunion, united states, us

December 23, 2023 @ 4:12 am By Omar Faridi  |  

PhonePe announced the launch of a new ‘Credit’ section on its platform. The new section will allow users “to view their credit bureau score without any additional cost, conveniently manage their credit/ Rupay cards and repay loans and credit card bills.” The Credit bureau report also… Read More

 Tagged credit, financial services, fintech adoption, fintech trends, hemant gala, india, PhonePe