August 4, 2024 @ 2:43 pm By Omar Faridi  |  

Bybit, the world’s second-largest crypto exchange by trading volume, has launched a Digital Rupee (eRupee) as a stablecoin for its INR users. This wallet-based mobile payment solution is now live, “offering a secure and convenient way for users to transact on the platform.” In response… Read More

August 4, 2024 @ 2:40 pm By Omar Faridi  |  

Emburse, whose innovative travel and expense solutions power various organizations, has announced a strategic relationship with Finexio, the Accounts Payable (AP) Payments as a Service company. The partnership offers Emburse customers a solution “to long-standing AP challenges in the $125+ trillion B2B payments market.” Finexio’s… Read More

August 4, 2024 @ 2:34 pm By Michael Wong  |  

The Ministry of Corporate Affairs (MCA) in India is set to strike off as many as 400 Chinese companies involved in online loans and online job businesses across 17 states over the next three months, according to a report by Moneycontrol, citing an anonymous government… Read More

August 4, 2024 @ 6:03 am By JD Alois  |  

Pagaya Technologies (NASDAQ: PGY) says it has inked a deal to acquire Theorem Technology. Pagaya is a credit qualification platform that uses alternative methods and artificial intelligence to provide its service. Its methodologies are said to convert around 30% more customers than traditional methods. Theorem… Read More

August 3, 2024 @ 7:34 pm By Omar Faridi  |  

The Association for Financial Markets in Europe (AFME) released a report titled “Digital Finance in the EU – Priorities for fostering resilient, innovative and competitive financial markets”, presenting its recommendations for supporting the development of capital markets and increased access to finance for the real… Read More

August 3, 2024 @ 5:32 pm By Tony Zerucha  |  

YouHodler chief of markets Ruslan Lienkha and risk manager Sergei Gorev were asked about recent movements in the cryptocurrency world, including Circle’s IPO and Solana price movements. YouHodler is a firm that offers a wide range of Web3 Fintech services to ensure a seamless connection… Read More

August 3, 2024 @ 5:24 pm By Omar Faridi  |  

Elliptic, a global firm focused on crypto asset risk management, announced integrating support for Hedera’s Stablecoin Studio into its Holistic screening and investigation solutions. This will bring issuers on the platform an additional layer of risk mitigation. This new integration is “supported by The HBAR Foundation, an… Read More

August 3, 2024 @ 5:20 pm By Tony Zerucha  |  

Florida is the top state for mobile banking, a new study from software company Vention finds. The study utilized Google Keyword Planner to analyze the nationwide Google search volume behind various keywords related to mobile banking—including “mobile banking,” “mobile banking app,” and “best mobile banking… Read More

August 3, 2024 @ 5:18 pm By Michael Wong  |  

National Pulse, a Dubai-based tech-driven enterprise, has strategically invested in Singaporean Fintech firm Aleta Planet to enhance cross-border payment services in the Middle East. This move aligns with the UAE’s recent push towards open finance and the adoption of digital services, according to the announcement…. Read More

August 3, 2024 @ 5:16 pm By Tony Zerucha  |  

New research from Ravelin reveals that failing to tackle online fraud increasingly damages the brand reputation and bottom line for thousands of businesses worldwide. Almost two-thirds of all e-commerce brands (61%) have found themselves at the centre of highly damaging public media storms when fraud… Read More

August 3, 2024 @ 5:14 pm By Omar Faridi  |  

Deutsche Bank has launched BASF’s first sustainability-linked payables finance program in Asia, with a focus on its operations in China. The solution meets global standards and has “been tailored to suit local business requirements.” The program will support BASF’s activities in China. The solution provided… Read More

August 3, 2024 @ 5:12 pm By Omar Faridi  |  

UnaFinancial, which is investment platform Robocash’s parent company, is reporting that it has earned $4.7 million in H1 2024. UnaFinancial has issued management accounts “for the first six months of 2024.” The Group focused on expanding its most profitable businesses and “improving operational efficiency across… Read More

August 3, 2024 @ 5:01 pm By Omar Faridi  |  

Provenance Blockchain Foundation, a non-profit organization responsible for developing and growing the public blockchain for financial services, announced the carve-out of Provenance Blockchain Labs, a blockchain development firm building a suite of foundational infrastructure SaaS products that enable asset issuers and servicers to efficiently transact… Read More

August 3, 2024 @ 4:57 pm By Michael Wong  |  

Globe Fintech Innovations, Inc. (Mynt), the operator of the Philippines’ leading finance super app GCash, has elevated its market position with fresh investments from Ayala Corporation and Mitsubishi UFJ Financial Group (MUFG), boosting its valuation to an impressive $5 billion. This new valuation marks a… Read More

August 3, 2024 @ 4:53 pm By Tony Zerucha  |  

Forensic Risk Alliance, an independent forensic consultancy specializing in regulatory investigations, compliance and disputes, has named US-based cryptocurrency specialist Thomas Hyun as a director in the firm’s global Cryptocurrency Investigations and Compliance practice. Hyun brings years of experience building and leading anti-money laundering (AML) compliance… Read More

August 3, 2024 @ 4:48 pm By Tony Zerucha  |  

The Agri-Business Capital Fund this week announced an investment of €1.1 million in MiCreditoYa Microfinanciera SAS, a microfinance institution operating in the Nariño department in the southwest of Colombia. Access to finance remains a significant challenge in many parts of the world, particularly in rural… Read More

August 3, 2024 @ 4:45 pm By Michael Wong  |  

Payments technology company Flutterwave announced that it has obtained an Enhanced Category Payment Service Provider license from the Bank of Ghana. This development is pivotal in expanding Flutterwave’s footprint across Africa, particularly within Ghana, where it can now offer a full spectrum of direct payment… Read More

August 3, 2024 @ 2:34 pm By Tony Zerucha  |  

deVere Group CEO Nigel Green said this week that Donald Trump’s keynote address at the 2024 Nashville Bitcoin Conference could force Kamala Harris to finally embrace the crypto industry or risk her campaign’s failure. Green made the comments following Trump’s speech at a Nashville cryptocurrency… Read More

August 3, 2024 @ 2:33 pm By Omar Faridi  |  

PitchBook has released their latest Enterpise Fintech ecosystem. PitchBook’s Fintech ecosystem reports notes that deal value and count in Q2 2024 was fairly steady. As stated in the repot, enterprise fintech companies have “secured $4.6 billion in VC funding across 315 deals.” PitchBook pointed out… Read More

August 3, 2024 @ 8:05 am By Michael Wong  |  

Grab-led GX Bank Berhad (GXBank) announced its plan to invest MYR 1.5 billion ($333 million) into Malaysia over the next five years, including the launch of the GX Untuk Semua initiative. In a statement, GXBank emphasized that the initiative aligns with its enduring commitment to… Read More