November 8, 2023 @ 10:25 am By JD Alois  |  

Biz2Credit’s periodic small business lending index is sharing once again that big banks are denying loan approvals for SMEs. At the same time, smaller banks and alternative lenders are stepping in to fill the gap and provide much-needed growth capital. According to the index, big… Read More

 Tagged biz2credit, small business loans

November 8, 2023 @ 9:47 am By Omar Faridi  |  

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

 Tagged brazil, digital bank, europe, financial services, mobile banking, n26, online banking, South America, virtual banking

November 8, 2023 @ 9:04 am By JD Alois  |  

Prosper, a Wealthtech providing services in partnership with RiskSave Technologies Limited, which is authorized and regulated by the Financial Conduct Authority, has raised £3.2 million in “Angel” funding, according to a company statement. Prosper, not to be confused with the US-based platform, was founded by… Read More

 Tagged matt cooper, nick perrett, prosper, ricky knox, tom blomfield, uk, united kingdom, wealthtech

November 8, 2023 @ 8:11 am By Omar Faridi  |  

Volt, the global real-time payments platform, recently announced that Matt Henderson, former CEO of Stripe Europe, ex-Google, ex-Amazon, has now “joined as a Special Advisor to the Board.” Henderson reportedly joins Volt at a critical inflection point “for the company, following the successful completion of… Read More

 Tagged digitalization, financial services, fintech adoption, fintech trends, international payments, matt henderson, new appointments, payments, real-time payments, tom greenwood, Volt

November 8, 2023 @ 8:00 am By Omar Faridi  |  

OakNorth, a UK digital bank, says it has launched its business banking services, aimed at “helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s current financial landscape.” OakNorth is authorized and regulated by the Prudential Regulation Authority and the… Read More

 Tagged business banking, digital banking, entrepreneurs, europe, financial services, financially underserved, fintech adoption, fintech trends, neobank, oaknorth, rishi khosla, smbs, sme's, uk, united kingdom, virtual bank

November 8, 2023 @ 4:21 am By Omar Faridi  |  

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties say that they intend “to capitalize the vehicle with… Read More

 Tagged alex manson, digital assets, Fintech Investments, innovation, japan, mena, mena region, middle east, sbi, sbi holdings, sc ventures, standard chartered, uae, united arab emirates, venture capital, yoshitaka kitao

November 7, 2023 @ 10:37 pm By Omar Faridi  |  

The past year has been challenging for the Australian fintech sector, according to the KPMG Australian Fintech Survey Report 2023, “with both total investment and the number of deals materially dropping compared to the previous year.” This has led to a decline in the total… Read More

 Tagged australia, financial services, fintech adoption, fintech trends, insights, kpmg, research, Research Report, Research Study, survey

November 7, 2023 @ 9:53 pm By Omar Faridi  |  

NatWest and IBM (NYSE: IBM) announced enhancements to the bank’s virtual assistant, Cora, that will use generative AI to provide customers with access to a wider range of information through conversational interactions. The bank will be among the first in the UK to deploy generative… Read More

 Tagged ai, artificial intelligence, banking, Customer Experience, cx, digital technology, digital transformation, digitalization, financial services, generative ai, ibm, natwest, Retail Banking, user experience, ux, wendy redshaw

November 7, 2023 @ 9:36 pm By Omar Faridi  |  

Liv, UAE’s digital bank launched by Emirates NBD, a banking group in the MENAT region, has launched a new digital offering. Till the end of 2023, eligible Liv customers can benefit from instant personal loans without any fees via the Liv app. The digital bank… Read More

 Tagged banking, digital bank, emirates nbd, fintech adoption, fintech apps, fintech trends, liv, marwan hadi, mena, mena region, middle east, pedro sousa cardoso, uae, united arab emirates, virtual banking

November 7, 2023 @ 9:34 pm By Omar Faridi  |  

Fingerprint Cards AB and IN Groupe through SPS, its globally-accessible unit focused on contactless and dual interface card manufacturing technologies, have come together to collaborate on IN Groupe’s Smart Packaging Solutions (SPS). The partnership supports global card manufacturers in “scaling up their production of contactless biometric… Read More

 Tagged banking, contactless, digital technology, fingerprint cards ab, michel roig, sps