November 6, 2023 @ 9:59 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider,  reported its financial results “for the three-quarters of 2023.” With revenue growth of 54% from a year ago, the company has “achieved a historic milestone by attaining a three consecutive quarter profit of EUR… Read More

 Tagged credit, esto, estonia, europe, financial services, mikk metsa, payment processor, progress report

November 6, 2023 @ 9:41 am By Tony Zerucha  |  

Two in three consumers (65%) with a student loan said they were caught by surprise when the U.S. Department of Education announced this summer that student loan repayments would begin once more in October 2023. TransUnion’s Q4 2023 Consumer Pulse study found that 49% of… Read More

 Tagged liz pagel, repayments, student loans, transunion

November 6, 2023 @ 9:13 am By Omar Faridi  |  

Digital bank Monzo has appointed Phoebe Chibuzo Hugh, the founder of digital insurance firm Brolly, in order to help the challenger bank with entering the insurance services sector. Hugh reportedly launched insurtech Brolly back in 2016 following a couple rounds of the incubator program Entrepreneur… Read More

 Tagged challenger bank, digital bank, insurance, monzo, new appointments, uk, united kingdom, women changing finance

November 6, 2023 @ 8:23 am By Omar Faridi  |  

Businesses can earn returns on their US-dollar balances without opening an overseas bank account with a new Australian-first account from global financial platform Airwallex. Airwallex’s Yield also “offers Australian businesses more than double the big banks’ returns on AUD funds, all without minimum lock up… Read More

 Tagged airwallex, australia, banking, digital financial services, financial services, fintech trends, jack zhang

November 6, 2023 @ 8:17 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) and the Bank of England are requesting feedback on their proposed approach to regulating stablecoins. The Bank’s proposals cover “any payment systems in the future that use stablecoins in the UK at systemic scale.” Stablecoins are a new type of… Read More

 Tagged bank of england, digital assets, digital currency, europe, fca, financial conduct authority, regulations, sheldon mills, stablecoin, stablecoins, uk, united kingdom, virtual currencies

November 6, 2023 @ 7:11 am By Omar Faridi  |  

OakNorth, a regulated digital bank, and Founders4Schools, an ed-tech charity for teachers, have announced a new partnership to support 100,000 secondary school students -16 year-olds) – “including 40,000 from disadvantaged socioeconomic backgrounds – over the next three years.” The program will provide secondary school students… Read More

 Tagged charity, ed-tech, education, entrepreneurs, europe, oaknorth, oaknorth bank, rishi khosla, sherry coutu, uk, united kingdom

November 5, 2023 @ 8:22 pm By Michael Wong  |  

A recent study conducted by the United Overseas Bank (OUB) suggests that Vietnamese consumers are increasingly turning to digital banking and modern payment methods, with convenience and speed as among the major factors cited for the preference. The report, “ASEAN Consumer Sentiment Study”, indicates a significant… Read More

 Tagged digital banking, e-wallets, fintech, online payment, qr codes, vietnam

November 5, 2023 @ 7:12 pm By Omar Faridi  |  

Global compliance technology solutions and services provider Sovos announced a partnership with EXL, a data analytics and digital operations and solutions company. This partnership combines Sovos‘ record of accomplishment “in delivering innovative tax software and compliance solutions with EXL’s expertise in consulting and servicing for… Read More

 Tagged analytics, compliance, data analytics, digital technology, digitalization, exl, Online Services, sovos

November 5, 2023 @ 6:46 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a global API management and integration software firm,  released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults “about their expectations and top concerns about how… Read More

 Tagged api management, apis, axway, data, data-sharing, digital financial services, digital transformation, financial services, integration, open banking, personal data, software applications, survey

November 5, 2023 @ 5:42 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, has raised $200 million in equity financing led by Wellington Management, which claims to be one of the world’s major independent investment management firms. The equity financing drew additional participation “from growth equity investor Bluepool Capital,… Read More

 Tagged digitalization, financial services, fintech adoption, fintech trends, hosam arab, investment round, investments, mena, mena region, middle east, online shopping, stv, tabby, wellington management