Philippines: Personal Remittances Rise YoY in Sept 2023; First Three Quarters Level Reaches $27.24B

​Personal remittances from Overseas Filipinos (OFs) in September 2023 have reportedly “reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year.” The growth in personal remittances in September 2023 was driven “by increased remittances from 1) land-based workers… Read More

Feedzai Report: Over 80% of Organizations Across APAC are Using AI to Address Fraud

Feedzai, the world’s first RiskOps platform for financial risk management, and Chartis Research, leaders in risk technology research and insights, have released a joint report exploring how financial firms are responding to fraud in the APAC region. Leading the charge in the global fight against… Read More

Fintech Thunes and Kapronasia Explore Southeast Asia’s Payment Culture

Thunes and Kapronasia, a strategic advisory and financial services consultancy, have issued a report, “From Cash to QR codes: Unpacking Southeast Asia’s Diverse Consumer Payments Culture,” examining the region’s world-leading payment landscape. The report explores why payment digitization has been on the rise in Southeast… Read More

Wealthfront Now Oversees $50B+ in Client Assets, On Track to Grow Revenue

Wealthfront, a consumer Fintech and pioneer of the robo-advisor industry, announces that the company now oversees more than $50 billion in assets for over 700,000 clients, largely young professionals across the United States. This year Wealthfront‘s team introduced new product lines, “leading to an increase… Read More

Xapo Bank Adds 3 Cryptos to App

Xapo Bank, a fully licensed bank that combines traditional banking with access to Bitcoin, stablecoins, and altcoins, recently announced it is launching three more cryptocurrencies that members can buy, sell, and hold on the Xapo Bank app — Ethereum (ETH), Cardano (ADA), and Polygon (MATIC)…. Read More

Vesta and Fintech Stripe to Help Increase Authorizations, Safeguard Clients from Fraud

Vesta, a transaction guarantee platform, announced a partnership with Stripe, a financial infrastructure platform for businesses, in order “to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions.” Under the partnership, Vesta Payment Guarantee, which “provides 100%… Read More

Afterpay and Rokt to Offer Consumers Relevant Ecommerce Experiences

Rokt, the ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in “Buy Now, Pay Later” payment. The partnership enables Afterpay to offer its ecommerce shoppers “highly relevant… Read More

UK’s OakNorth Bank Research: Scale-up Firms Make Up 1% of SMEs, but Contribute £500B to Economy

OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. The new report, titled ‘The Scale of the… Read More

Bitpanda Technology Solutions and Amsterdam’s Regtech Fourthline Enable Secure Future in Digital Asset Compliance

At Bitpanda Technology Solutions, they’ve always been at the forefront of innovation, “committed to expanding our horizons and strengthening our network.” That’s why they’re pleased to announce their strategic partnership with Fourthline, an Amsterdam-based firm focused on AI-powered compliance solutions. In today’s fast-paced financial environment,… Read More

Fintech Enfuce and Funding Circle to Introduce Business Credit Cards for SMBs

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

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