December 3, 2023 @ 2:58 pm By Omar Faridi  |  

Robinhod (NASDAQ: HOOD) Chief Executive Officer Vlad Tenev recently said that he does not think that the payment for order flow (PFOF) model of market-maker routing that the firm incorporates in the United States is under any type of threat. This would be despite suggestions… Read More

 Tagged europe, investing, payment for order flow, robinhood, trading, uk, united kindom, united states, us, vlad tenev

December 3, 2023 @ 11:37 am By Michael Wong  |  

Verto, a London-based fintech and payment solutions provider, has partnered with United Bank of Africa (UBA) to officially enter Kenya and the East Africa market, according to an announcement. The partnership marks a crucial step forward in providing enhanced financial transaction platforms for entrepreneurs, small… Read More

 Tagged digital banking, East Africa, fintech, Kenya, payments, United Bank of Africa, verto

December 3, 2023 @ 9:11 am By Michael Wong  |  

GX Bank Berhad (GXBank), Malaysia’s first digital bank backed by Southeast Asia’s super app Grab, has officially launched its app, marking a significant milestone in the country’s banking sector. The launch event, attended by high-profile figures including YBhg. Datuk Johan Mahmood Merican, Secretary General of… Read More

 Tagged digital bank, grab, GX Bank Berhad, GXBank, malaysia, online bank

December 2, 2023 @ 3:48 pm By Michael Wong  |  

Paytabs, a payment solutions provider in the MENA region, announced the launch of PayTabs Issuance — secure prepaid card issuing solutions aimed at scaling business operations regionally. Abdulaziz Al Jouf, CEO and founder of PayTabs Group, emphasized the potential of the issuing market in the… Read More

 Tagged card issuance, fintech, issuance, mena, payments, paytabs

December 2, 2023 @ 8:58 am By Michael Wong  |  

Buenos Aires-based fintech firm Uala has launched a no-fee credit card in Argentina, targeting the massive population of unbanked Argentines, according to a Bloomberg report. The company, which is backed by investors George Soros, Steve Cohen, and Tencent Holdings, is offering its no-fee credit card… Read More

 Tagged argentina, credit card, digital bank, fintech, payments, uala

December 1, 2023 @ 5:11 pm By JD Alois  |  

Swift says it has finally brought 24/7 global payments to life for transfers destined to Europe. According to a statement by Swift, the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), now enables payments to and from Europe to be processed 24 hours… Read More

 Tagged belgium, swift

December 1, 2023 @ 5:00 pm By Omar Faridi  |  

Global equity management company Carta announced plans to expand operations to the Middle East—citing a 180% increase in year-over-year bookings across the broader Asia Pacific region, and “launching with flagship Middle East customers including Global Ventures, BECO Capital, Cotu Ventures, and Outliers VC and Middle… Read More

 Tagged Business Expansion, carta, equity management, mena, middle east

December 1, 2023 @ 4:55 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments market leader, announces a new, easier-to-use interface for its AI-powered accounts receivable (AR) software platform which delivers improved insights and a more holistic view of AR processes to optimize cash flow and improve staff productivity. The new, platform-wide… Read More

 Tagged b2b, billtrust, digital payments, financial services

December 1, 2023 @ 4:11 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the 26th edition of the Reality Check: Paycheck-To-Paycheck research series. The Seasonal Financial Distress Deep Dive Edition “examines the impact of seasonal spending on consumers’ ability to… Read More

 Tagged cost of living crisis, digital marketplace bank, financial management, insights, lendingclub, lendingclub bank, paycheck to paycheck, research, Research Report, Research Study, survey, united states, us

December 1, 2023 @ 4:07 pm By Omar Faridi  |  

CME Group, which claims to be one of the world’s leading derivatives marketplaces,  announced that open interest in its deeply liquid U.S. Treasury futures “set a new record of 21,428,757 contracts on November 24.” This year, the notional value of open interest “in CME Group… Read More

 Tagged cme group, derivatives, marketplaces, milestone, united states, us