April 5, 2024 @ 7:06 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced significant amendments to the Payment Services Act (PS Act) and its subsidiary legislation, marking a pivotal step in expanding the regulatory framework for payment services within the city-state. These amendments, which aim to incorporate a broader spectrum of… Read More

 Tagged monetary authority of singapore, payment services act, singapore

April 5, 2024 @ 4:17 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today presents the results from its 2023 Annual Report. It shows ClearBank’s first full year of profitability, “with strong growth in income, platform and transaction fees, deposits, and clients.” In a challenging and… Read More

 Tagged clearbank, embedded banking, uk, united kingdom

April 5, 2024 @ 2:11 pm By Omar Faridi  |  

AmeriBest Home Care, a Philadelphia-based home care business, has partnered with DailyPay – a worktech company and leader in earned wage access. Bob Kane, AmeriBest’s Chief Operating Officer, said: “At AmeriBest, providing exceptional care to our clients is paramount. We accomplish that with an exceptional… Read More

 Tagged AmeriBest Home Care, dailypay, ewa, payments

April 5, 2024 @ 12:11 pm By Michael Wong  |  

Zeepay, a finteh startup based in Accra, Ghana, has announced raising an undisclosed amount in its latest round of equity funding. The funding round was spearheaded by prominent investors including Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), and Verdant Capital Hybrid Fund, with additional… Read More

 Tagged africa, fintech, ghana, payments, remittance, Zeepay

April 5, 2024 @ 11:51 am By Michael Wong  |  

zypl.ai, a generative artificial intelligence (AI) fintech lending startup, announced it secured significant investment from Dubai-based corporate and retail bank Commercial Bank International (CBI) along with other global investors in a post-seed bridge round. This strategic investment precedes zypl.ai’s anticipated Series A funding round set… Read More

 Tagged dubai, fintech, lending, zypl.ai

April 5, 2024 @ 8:50 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, today announced in an industry-first, the launch of a new online initiative – Wikipink – aimed at setting new standards for transparency and responsibility in the credit and lending industry. Amid growing scrutiny over the practices… Read More

 Tagged bnpl, fintech adoption, klarna, sweden

April 5, 2024 @ 8:48 am By Omar Faridi  |  

VC dealmaking slides to a 7-year low, while several blockbuster deals “drive a modest rebound in funding,” according to an extensive update from CBInsights. According to the latest CBInsights report, Q1’24 was “a mixed bag for the venture market.” The CBInsights report reveals that equity… Read More

 Tagged insights, research, vc funding, venture capital

April 5, 2024 @ 6:27 am By Omar Faridi  |  

What has your online brokerage firm done for you lately? For most do-it-yourself (DIY) investors whose level of satisfaction with their brokerage firm has “not budged despite significant stock market growth, the answer is unclear.” According to the J.D. Power 2024 U.S. Self-Directed Investor Satisfaction… Read More

 Tagged brokerage, research, trading

April 4, 2024 @ 9:52 pm By Omar Faridi  |  

As the fintech landscape in Singapore continues to expand and evolve, the need for an updated, comprehensive registry has never been clearer, according to an update shared with CI. As stated in the announcement, the upcoming launch of the SFA FinTech Ecosystem Registry in June… Read More

 Tagged financial technology, fintech adoption, singapore, southeast asia

April 4, 2024 @ 9:50 pm By Omar Faridi  |  

The global subscription market is on a steady rise, expected to reach a staggering $406B by 2025, according to an update covering the payments landscape. As the trend of consumers subscribing to services in sectors “such as retail, food and more increases, so does the… Read More

 Tagged payments, subscription model, visa