December 29, 2024 @ 9:32 pm By Omar Faridi  |  

BillMart Fintech and Eqaro Guarantees have teamed up to provide  offer guarantee solutions intended to build more trust between lenders and businesses in the Indian trade finance sector. With this latest collab, Eqaro’s guarantee products will now be integrated into BillMart’s Fintech platform, the firms… Read More

 Tagged billmart fintech, eqara guarantees, india, trade finance

December 29, 2024 @ 8:08 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Majd Saudi Payments” to provide E-wallet solutions. With Majd Saudi Payments, there are now “26 licensed companies offering payment services” in Saudi Arabia. This decision reflects SAMA’s goal to support the payments sector, increase the efficiency of financial transactions,… Read More

 Tagged digital wallets, fintech adoption, mena, SAMA, saudi arabia

December 29, 2024 @ 6:16 pm By Omar Faridi  |  

Allica Bank has reportedly surpassed £3 billion in lending and £4 billion in deposits as the UK’s established SMEs flock to the challenger that promises to deliver ‘business banking how it used to be, just better’. Allica, which is the UK’s full-service bank focused on… Read More

 Tagged allica bank, challenger bank, sme's, uk, united kingdom

December 29, 2024 @ 6:13 pm By Michael Wong  |  

Fintech firm Alif has announced securing a $20 million debt investment from Accial Capital, a U.S.-based impact private credit fund manager, to strengthen its Nasiya installment service and expand financial inclusion in Uzbekistan. The transaction was facilitated with advisory support from Nairang Capital and TMT… Read More

 Tagged Accial Capital, alif, financial inclusion, fintech, uzbekistan

December 29, 2024 @ 6:07 pm By Omar Faridi  |  

Trumid, a financial technology company and leading fixed income electronic trading platform, announced the integration of its fixed income trading protocols into MultiLynq, a provider of electronic fixed income trading connectivity and integration solutions. Through this relationship, clients can now access Trumid’s RFQ and Attributed… Read More

 Tagged fixed income, multilynq, trumid

December 29, 2024 @ 5:09 pm By Michael Wong  |  

The Bank of Nova Scotia (Scotiabank) has finalized its $2 billion investment in KeyCorp, acquiring approximately 14.9% of the U.S.-based bank’s common stock. The transaction, announced in August 2024, received Federal Reserve approval on December 12, 2024, and marks the completion of Scotiabank’s strategic minority… Read More

 Tagged banking, financial services, keycorp, scotiabank

December 29, 2024 @ 5:07 pm By Omar Faridi  |  

Aghanim, a mobile gaming fintech company, announced a new feature for mobile game developers: Instant Payouts. Founded by Harvard Business School alums with more than 40 years of combined expertise in video games and fintech, Aghanim’s platform ensures developers are now paid instantly, a “stark… Read More

 Tagged aghanim, fintech adoption, instant payments, instant payouts, mobile gaming

December 29, 2024 @ 5:06 pm By Omar Faridi  |  

Southeast Asia faced a challenging year in 2024, marked by a “significant contraction” in funding, amid a weak global economy, a new report revealed. According to Tracxn‘s report, prepared by industry analysts, the region’s tech ecosystem experienced a sharp decline in financial inflows and major… Read More

 Tagged fintech adoption, funding, research, southeast asia, startups

December 29, 2024 @ 1:40 pm By Omar Faridi  |  

Alpaca says it had a landmark year in 2024 as they became a fully self-clearing broker-dealer and launched new features like options trading. Working with financial institutions, Alpaca said they learned the importance of fully integrating brokerage operations stack (such as execution, clearing, and custody… Read More

 Tagged 2024 recap, alpaca, investing, trading

December 29, 2024 @ 5:16 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) sued Walmart (NYSE: WMT) and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers— “last mile” drivers in Walmart’s Spark Driver program—about how they could access their earnings. The CFPB’s… Read More

 Tagged branch messenger, cfpb, consumer protection, enforcement action, walmart