August 11, 2024 @ 4:21 pm By Omar Faridi  |  

TrueAccord notes that even with wage gains over the last several years, 40% of consumers say they “earn insufficient incomes and struggle to keep up with inflation and interest rates.” TrueAccord pointed out in a blog post that “with approximately 75% of low-income households reporting… Read More

August 11, 2024 @ 4:19 pm By Omar Faridi  |  

Automotive lending has been quickly transformed by artificial intelligence (AI) with the promise of faster, more accurate and more cost-effective credit decisions and approval processes. Auto dealers are not exactly ready to embrace the new technology. According to the J.D. Power 2024 U.S. Dealer Financing… Read More

August 11, 2024 @ 2:55 pm By Omar Faridi  |  

Plaid is pleased to announce the inclusion of data breach reports into Plaid Beacon, which is their anti-fraud consortium, in order to “help organizations of all sizes better protect themselves and their users from fraud and abuse.” As noted in a blog post by Plaid,… Read More

August 11, 2024 @ 2:21 pm By Omar Faridi  |  

Bitpanda has partnered with YouGov Deutschland GmbH to survey more than 6,000 Europeans from Germany, France, Switzerland, Austria and Italy to take a look at how attitudes towards crypto are changing. Bitpanda says that they know that digital assets “are seeing more adoption across Europe,… Read More

August 11, 2024 @ 2:20 pm By Omar Faridi  |  

Telr, the online payment gateway, has announced its strategic collaboration with Mastercard (NYSE: MA) to introduce its digital checkout solution, Click to Pay, across its extensive network of merchants in the UAE. Through this partnership, Telr will deploy payment technologies “to enhance the customer experience.”… Read More

August 11, 2024 @ 2:19 pm By Michael Wong  |  

Sav, a UAE-based Fintech, has secured in-principle approval for a Category 4 license from the Dubai Financial Services Authority (DFSA), positioning the company for significant expansion. The licence will enable Sav to offer regulated financial services, aligning with its objective to simplify money management for… Read More

August 11, 2024 @ 2:12 pm By Omar Faridi  |  

Ripple is pleased to announce they have begun beta testing Ripple USD (RLUSD) on the XRP Ledger (XRPL) and Ethereum mainnet. This is a significant milestone and “a step closer to bringing more high-quality assets to the XRPL, driving new opportunities, liquidity, and institutional use… Read More

August 11, 2024 @ 2:11 pm By Omar Faridi  |  

Payhawk, the global spend management solution, has expanded its partnership with Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions, to tackle fraud and the misuse of company funds using Advanced Card Controls. The new capability… Read More

August 11, 2024 @ 2:10 pm By Michael Wong  |  

Kuwait has officially launched securities-based crowdfunding platforms, marking a significant milestone in the country’s financial technology landscape nearly two years after the initial draft for Fintech regulation was introduced. The announcement, made by Minister of Commerce and Industry Omar Al-Omar, represents a strategic move aimed… Read More

August 11, 2024 @ 9:35 am By Omar Faridi  |  

Hex Trust, a fully-licensed digital asset custodian announced an integration with Talos, the provider of institutional trading technology for digital assets, that will supplement trading capabilities for its clients. Hex Trust is set to become a custodian “within the Talos Provider Network, offering its digital… Read More

August 11, 2024 @ 8:22 am By Omar Faridi  |  

Since the Gemini credit card launched in April 2022, customers have reportedly earned millions in crypto rewards. Cardholders who kept their crypto rewards “saw them more than double thanks to the recent crypto bull run.” Here’s how Gemini credit card crypto rewards have performed: The… Read More

August 10, 2024 @ 3:18 pm By Michael Wong  |  

Bitcoin scaling solutions provider Nexio has raised $2.2 million in pre-seed funding from a diverse group of industry investors, according to an announcement. The pre-seed funding round was led by Lattice and included investments from HTX Ventures, Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding,… Read More

August 10, 2024 @ 3:14 pm By Omar Faridi  |  

In a leap forward for financial trading platforms, Finatechs unveils its latest innovation: a next-generation trading platform designed to empower traders worldwide with superior market access. This platform combines technology with user-friendly functionalities, “redefining success in trading.” Traders on the Finatechs platform can explore “an… Read More

August 10, 2024 @ 3:08 pm By Omar Faridi  |  

Remitly (NASDAQ: RELY) is pleased to announce the opening of their first Greater Vancouver area office in New Westminster, nestled along the picturesque Fraser River. According to Remit, this new location marks “a significant milestone in our growth journey as we expand our corporate footprint… Read More

August 10, 2024 @ 2:34 pm By Michael Wong  |  

Sendsprint, a rapidly growing remittance startup founded in 2022 by former Flutterwave executive Damisi Busari, has completed the acquisition of Nobel Financial Inc. for an undisclosed sum. The acquisition marks a significant milestone in Sendsprint’s expansion, enabling the company to extend its services to users… Read More

August 10, 2024 @ 2:32 pm By Omar Faridi  |  

In Q2 2024, crypto fundraising increased slightly as startups secured $2.7 billion across 503 deals. This represents a 2.5% increase in invested capital “but a 12.5% decline in deal volume compared with the previous quarter,” according to an extensive report from PitchBook. PitchBook noted in… Read More

August 10, 2024 @ 2:31 pm By Omar Faridi  |  

The past few years have seen an unprecedented change within the payments market, according to a report from Juniper Research. Juniper Research explains that “the rise of eCommerce has led to a widespread transition to digital payments across markets, with cash use decreasing rapidly.” In… Read More

August 10, 2024 @ 2:30 pm By Omar Faridi  |  

dLocal, the cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer, a cross-border payments company with a significant presence in EMEA, Latin America, and APAC. One of the main challenges users face in emerging markets “is currency volatility, which can… Read More

August 10, 2024 @ 12:54 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has announced the lifting of its moratorium on the issuance of new digital banking licenses, effective January 1, 2025. The decision, approved by the Monetary Board, will allow up to ten digital banks… Read More

August 10, 2024 @ 11:02 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO) recently Reported its second quarter 2024 financial results and also raised 2024 guidance. Payoneer is reporting 22% volume growth accelerates “for a sixth consecutive quarter, reflecting consistent execution.” Payoneer also reported 40% B2B volume growth “driving continued SMB take rate expansion.” The… Read More