November 6, 2023 @ 8:17 am By Omar Faridi  |  

The Financial Conduct Authority (FCA) and the Bank of England are requesting feedback on their proposed approach to regulating stablecoins. The Bank’s proposals cover “any payment systems in the future that use stablecoins in the UK at systemic scale.” Stablecoins are a new type of… Read More

 Tagged bank of england, digital assets, digital currency, europe, fca, financial conduct authority, regulations, sheldon mills, stablecoin, stablecoins, uk, united kingdom, virtual currencies

November 6, 2023 @ 7:11 am By Omar Faridi  |  

OakNorth, a regulated digital bank, and Founders4Schools, an ed-tech charity for teachers, have announced a new partnership to support 100,000 secondary school students -16 year-olds) – “including 40,000 from disadvantaged socioeconomic backgrounds – over the next three years.” The program will provide secondary school students… Read More

 Tagged charity, ed-tech, education, entrepreneurs, europe, oaknorth, oaknorth bank, rishi khosla, sherry coutu, uk, united kingdom

November 5, 2023 @ 8:22 pm By Michael Wong  |  

A recent study conducted by the United Overseas Bank (OUB) suggests that Vietnamese consumers are increasingly turning to digital banking and modern payment methods, with convenience and speed as among the major factors cited for the preference. The report, “ASEAN Consumer Sentiment Study”, indicates a significant… Read More

 Tagged digital banking, e-wallets, fintech, online payment, qr codes, vietnam

November 5, 2023 @ 7:12 pm By Omar Faridi  |  

Global compliance technology solutions and services provider Sovos announced a partnership with EXL, a data analytics and digital operations and solutions company. This partnership combines Sovos‘ record of accomplishment “in delivering innovative tax software and compliance solutions with EXL’s expertise in consulting and servicing for… Read More

 Tagged analytics, compliance, data analytics, digital technology, digitalization, exl, Online Services, sovos

November 5, 2023 @ 6:46 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a global API management and integration software firm,  released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults “about their expectations and top concerns about how… Read More

 Tagged api management, apis, axway, data, data-sharing, digital financial services, digital transformation, financial services, integration, open banking, personal data, software applications, survey

November 5, 2023 @ 5:42 pm By Omar Faridi  |  

Tabby, the MENA region’s shopping and financial services app, has raised $200 million in equity financing led by Wellington Management, which claims to be one of the world’s major independent investment management firms. The equity financing drew additional participation “from growth equity investor Bluepool Capital,… Read More

 Tagged digitalization, financial services, fintech adoption, fintech trends, hosam arab, investment round, investments, mena, mena region, middle east, online shopping, stv, tabby, wellington management

November 5, 2023 @ 2:38 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is pleased to announce its Pay-by-Bank services in North America will launch in early 2024 in partnership with Plaid, the digital finance innovator that makes it easy, safe and reliable for people… Read More

 Tagged adyen, americas, davi strazza, digital finance, eric sager, financial data, financial services, financial technology, fintech apps, north america, pay by bank, plaid

November 5, 2023 @ 2:22 pm By Omar Faridi  |  

Mollie, one of the fastest growing payment service providers in Europe, announced it has been granted a Payment Institution license in the UK by the Financial Conduct Authority (FCA). Mollie originally launched in the UK in early 2021, “serving merchants both domestically and those expanding… Read More

 Tagged EU, europe, european union, fca, financial conduct authority, koen köppen, mollie, payment Institution license, payment service providers, payments, uk, uk fca, united kingdom

November 5, 2023 @ 7:17 am By Omar Faridi  |  

Despite a significant rise in household incomes, consumers struggling with debt are often in worse shape and further behind financially now than those who were dealing with these issues during the pandemic, according to a new study by Achieve, the digital personal finance firm. Achieve… Read More

 Tagged achieve, digital personal finance, financial management, income&, money management, personal finance, research, Research Study

November 4, 2023 @ 3:34 pm By Omar Faridi  |  

Enterprise fintech VC deal activity saw a slight uptick in Q3. Deal value rose from $3.9 billion in Q2 to $4.1 billion, “representing a 5.1% QoQ increase. On a YoY basis, however, deal value was down 33.0%, highlighting the more conservative deployment of capital from… Read More

 Tagged deal activity, financial services, insights, pitchbook, research, Research Report, Research Study, vc