August 11, 2024 @ 7:24 pm By Omar Faridi  |  

Thunes explains that sending money across borders often presents significant challenges, particularly due to the lack of transparency around foreign exchange (FX) fees. Thunes noted in a blog post that often, consumers and businesses “don’t know how much local currency they are sending abroad.” Thunes… Read More

 Tagged digital transactions, fintech adoption, fx, payments, thunes

August 11, 2024 @ 4:29 pm By Omar Faridi  |  

Adyen (ADYEN:AMS) says they are experiencing a surge in transaction volumes at retail and hospitality outlets in France due to increased traffic from the Summer of Sports. With visitors flocking to France, Adyen is keeping track of the latest payment trends. Since July 24th, Adyen has… Read More

 Tagged adyen, europe, financial technology, france

August 11, 2024 @ 4:21 pm By Omar Faridi  |  

TrueAccord notes that even with wage gains over the last several years, 40% of consumers say they “earn insufficient incomes and struggle to keep up with inflation and interest rates.” TrueAccord pointed out in a blog post that “with approximately 75% of low-income households reporting… Read More

 Tagged debt collection, fintech adoption, trueaccord

August 11, 2024 @ 4:19 pm By Omar Faridi  |  

Automotive lending has been quickly transformed by artificial intelligence (AI) with the promise of faster, more accurate and more cost-effective credit decisions and approval processes. Auto dealers are not exactly ready to embrace the new technology. According to the J.D. Power 2024 U.S. Dealer Financing… Read More

 Tagged ai, automotive lending, credit, insights, lending, research

August 11, 2024 @ 2:55 pm By Omar Faridi  |  

Plaid is pleased to announce the inclusion of data breach reports into Plaid Beacon, which is their anti-fraud consortium, in order to “help organizations of all sizes better protect themselves and their users from fraud and abuse.” As noted in a blog post by Plaid,… Read More

 Tagged data breach, fraud, plaid, plaid beacon

August 11, 2024 @ 2:20 pm By Omar Faridi  |  

Telr, the online payment gateway, has announced its strategic collaboration with Mastercard (NYSE: MA) to introduce its digital checkout solution, Click to Pay, across its extensive network of merchants in the UAE. Through this partnership, Telr will deploy payment technologies “to enhance the customer experience.”… Read More

 Tagged mastercard, online payments, telr, uae

August 11, 2024 @ 2:19 pm By Michael Wong  |  

Sav, a UAE-based Fintech, has secured in-principle approval for a Category 4 license from the Dubai Financial Services Authority (DFSA), positioning the company for significant expansion. The licence will enable Sav to offer regulated financial services, aligning with its objective to simplify money management for… Read More

 Tagged Dubain Financial Services Authority, fintech, Sav, uae

August 11, 2024 @ 2:11 pm By Omar Faridi  |  

Payhawk, the global spend management solution, has expanded its partnership with Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions, to tackle fraud and the misuse of company funds using Advanced Card Controls. The new capability… Read More

 Tagged fraud, marqeta, payhawk, payments

August 10, 2024 @ 3:14 pm By Omar Faridi  |  

In a leap forward for financial trading platforms, Finatechs unveils its latest innovation: a next-generation trading platform designed to empower traders worldwide with superior market access. This platform combines technology with user-friendly functionalities, “redefining success in trading.” Traders on the Finatechs platform can explore “an… Read More

 Tagged financial services, finatechs, innovation, trading

August 10, 2024 @ 3:08 pm By Omar Faridi  |  

Remitly (NASDAQ: RELY) is pleased to announce the opening of their first Greater Vancouver area office in New Westminster, nestled along the picturesque Fraser River. According to Remit, this new location marks “a significant milestone in our growth journey as we expand our corporate footprint… Read More

 Tagged canada, payments, remitly, vancouver