September 1, 2024 @ 2:53 pm By Omar Faridi  |  

With the inflation rate in the United States “stubbornly” stuck around 3%, more bank customers are trying to find ways to manage the higher cost of goods, “even if their overall financial health has not necessarily improved.” According to J.D. Power, the percentage of U.S…. Read More

 Tagged banking, inflation

September 1, 2024 @ 2:51 pm By Omar Faridi  |  

Crypto.com announced the launch of global retail services, including the ability to provide seamless deposit and withdrawal facilities for millions of retail users of the Crypto.com App from over 90 countries, vastly improving the efficiency and utility of customers’ crypto journeys. Crypto.com’s global retail services… Read More

 Tagged Crypto Adoption, crypto.com, digital assets, retail services

September 1, 2024 @ 10:07 am By Omar Faridi  |  

Helicap has raised $4.3 million in Series B funding that has been led by Kenanga Investors. Helicap, a fintech investment platform, has acquired $4.3 million via its Series B  round, as disclosed in regulatory filings. Kenanga Investors, which is a subsidiary of Malaysia-based Kenanga Investment… Read More

 Tagged funding, helicap, kenanga investors, southeast asia

August 31, 2024 @ 6:12 pm By Omar Faridi  |  

Brite Payments, a provider of open banking-based instant payments, announced that SAVR, one of Sweden’s most innovative investment platforms, has integrated Brite Instant Payments, enabling customers to make larger direct money transfers into their accounts both quickly and securely. SAVR is a Swedish fund trading… Read More

 Tagged brite payments, open banking, payments, sweden

August 31, 2024 @ 6:11 pm By Michael Wong  |  

The adoption rate of financial technology (fintech) in the Philippines is projected to rise significantly, with 79.5% of the population aged 15 and above expected to be using fintech mobile apps by the end of 2024, according to a new analysis by consumer credit service… Read More

 Tagged fintech adoption, Philippines

August 31, 2024 @ 6:09 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) announced the conclusion of an investigation and subsequent disciplinary proceedings against WeChat Pay Hong Kong Limited (WPHK), resulting in a fine of HK$875,000 ($112,000). The penalty is imposed for violations under the Payment Systems and Stored Value Facilities Ordinance… Read More

 Tagged aml, hkma, hong kong, wechat, wechat pay

August 31, 2024 @ 3:14 pm By Omar Faridi  |  

Silverflow, a firm providing payment processing technology, has partnered with Halo Dot, a pioneering provider of SoftPOS solutions, to supply businesses with a seamless and powerful payment solution, combining Halo Dot’s SoftPOS application and Silverflow’s cutting-edge processing engine. Silverflow is building upon the decades-old payments infrastructure… Read More

 Tagged digital technology, halo dot, payments processing, silverflow

August 31, 2024 @ 3:09 pm By Omar Faridi  |  

The Commodity Futures Trading Commission issued an order filing and settling charges against Nasdaq Futures, Inc., formerly a designated contract market (DCM). The order finds Nasdaq Futures, Inc. reportedly failed “to properly establish, monitor, or enforce rules related to an incentive program Nasdaq Futures, Inc. offered… Read More

 Tagged cftc, commodity futures trading commission, enforcement action, nasdaq futures

August 31, 2024 @ 3:09 pm By Omar Faridi  |  

PayPal (NASDAQ: PYPL) has announced an expansion of its global strategic partnership with Fiserv (NYSE: FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership between the two companies covering several products and services and millions of… Read More

 Tagged financial services, fiserv, paypal, paypal holdings

August 31, 2024 @ 12:21 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, announced the launch of Secure ID. Secure ID is an end-to-end solution “for identity verification, risk assessment, and fraud prevention.” Cashfree Payments claims to have “crossed 100Cr+ verifications and has prevented fraud worth INR 50Cr+ for… Read More

 Tagged apis, banking, cashfree payments, digital payments, identity, secure id