October 14, 2024 @ 8:11 am By Omar Faridi  |  

Norway, which is globally recognized as one of the world’s most cashless societies and economies, appears to have made it simpler to settle transactions with cash. In what appears to be a significant change in the trend towards avoiding cash transactions, the government and reserve… Read More

 Tagged cash, europe, norges bank, norway, payments

October 14, 2024 @ 8:00 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has reportedly provided a £2.25m loan to a new joint venture between Dukesmead Property Group, Kyte Property and returning customer, Grosvenor Hill. Established back in 2019, and led by a senior Management team, including Rodney Bishop, Dukesmead… Read More

 Tagged digital bank, oaknorth bank, online lending, uk, united kingdom

October 14, 2024 @ 7:55 am By Omar Faridi  |  

Innovate Finance, the industry body representing the Fintech community in the UK, and Vested Impact have released The Fintech Impact Report 2024, prepared in collaboration with Accenture, assessing the impact UK FinTech has on the “economy and society.” This latest report measures the Fintech ecosystem’s… Read More

 Tagged fintech adoption, innovate finance, research, uk, united kingdom

October 13, 2024 @ 10:58 pm By Omar Faridi  |  

The team at Prove has shared key insights on the “Rise of the Trust & Safety Officer” – which now consistently aims to safeguard businesses in the so-called digital age. Prove noted in a blog post that in every sector and across all global regions,… Read More

 Tagged prove, research, uk, united kingdom

October 13, 2024 @ 8:57 pm By Omar Faridi  |  

PensionBee, a global enabler of the consumer retirement market, has reportedly achieved its highest-ever environmental, social, and governance (ESG) rating from EthiFinance, scoring 86/100 in their latest assessment report. The EthiFinance ESG Ratings, which aim to effectively evaluate firms on a scale from 0 to… Read More

 Tagged esg, pensionbee, uk, united kingdom

October 13, 2024 @ 6:17 pm By Tony Zerucha  |  

If financial services companies want to derive value from artificial intelligence (AI), they must define clear use cases and prepare for what’s coming. Asher Lohman helps them do that. Lohman is the vice president of data analytics for Trace3, an integrator, and reseller of enterprise… Read More

 Tagged Asher Lohman, fraud, Trace3

October 13, 2024 @ 5:07 pm By Omar Faridi  |  

Volante Technologies, the global enabler of Payments as a Service (PaaS), recently announced that Lakeside Bank, a community bank with over $2.64 billion in assets that specializes in serving mid-sized and larger businesses in Chicago, has selected Volante’s Payments as a Service (PaaS) in order… Read More

 Tagged payments, volante technologies

October 13, 2024 @ 3:21 pm By Omar Faridi  |  

A recent Chime survey has revealed consumers’ feelings or thoughts about cash. Chime notes in a blog post that consumers may have experienced that moment when you forget to bring cash. In a recent survey, Chime noted that of 2,000 adults across four different generations… Read More

 Tagged banking, chime, research

October 13, 2024 @ 2:25 pm By Michael Wong  |  

Bahrain Fintech Bay (BFB), a financial technology hub, announced the establishment of the MENA Innovation Academy (MENA-IA) to enhance Fintech expertise and career readiness across the Middle East and North Africa region. The academy is launched in partnership with Reboot Coding Institute (Reboot01), an academic… Read More

 Tagged bahrain, Bahrain FIntech, fintech, mena, MENA Innovation Academy

October 13, 2024 @ 1:55 pm By Omar Faridi  |  

Citi (NYSE:C) announced that Citi Token Services for Cash has moved from a pilot program to a live commercial solution, facilitating transactions for institutional clients. This marks a key milestone in Citi’s journey to deliver real-time transaction banking services to some of its global clients…. Read More

 Tagged citi, digital technology, digital transformation, digtitalization, payments