April 8, 2024 @ 9:53 am By JD Alois  |  

The Luxembourg Stock Exchange (LuxSE) has been recognized as Exchange of the Year pertaining to sustainable development. LuxSE  notes that this makes the exchange a 7-time winner of Environmental Finance’s debt-related ‘Exchange of the Year’ title since 2017. Julie Becker, CEO of LuxSE, commented on… Read More

April 8, 2024 @ 9:01 am By Omar Faridi  |  

Obligate announces a new digital bond issuance by Mikro Kapital, one of the  international groups of companies engaged in supporting small and medium-sized enterprises (SMEs) in emerging markets. This move marks the first deployment on Base, an Ethereum L2 incubated by Coinbase, for Obligate. Mikro… Read More

April 8, 2024 @ 8:23 am By Tony Zerucha  |  

Skipify, a Fintech focused on the checkout experience, this week announced its partnership with Visa through the Visa Digital Commerce Program. By combining Visa’s digital payment capabilities with its digital wallet, Skipify hopes to deliver a convenient and secure consumer checkout experience. In early phases… Read More

April 8, 2024 @ 8:14 am By Omar Faridi  |  

Qlower is focused on helping those who might be tired of tax returns. At Qlower, they’ve decided it shouldn’t be “a burden anymore.” Thanks to their technology combining open banking and AI, Qlower automates tax returns for landlords, in France for now. They claim to… Read More

April 8, 2024 @ 8:12 am By Omar Faridi  |  

CAB Payments Holdings announced it has expanded into the European Economic Area (EEA) with the establishment of CAB Europe BV, trading as CAB Payments Europe. CAB Payments Europe has secured a payment service provider license with De Nederlandsche Bank N.V., (DNB) to “provide services in… Read More

April 8, 2024 @ 8:09 am By Omar Faridi  |  

Ripple CEO Brad Garlinghouse recently stated that he thinks the combined value of the crypto-assets market may double this year. As reported by CNBC, the Ripple Chief Executive has cited the approval of the US spot bitcoin (BTC) exchange-traded fund (ETFs) as well as the… Read More

April 8, 2024 @ 7:43 am By Omar Faridi  |  

Nium, the enabler of real-time cross-border payments, recently announced its partnership with luxury tour operator Scott Dunn to issue virtual cards to its global network of hotel providers. Nium’s virtual card solution reportedly “enables travel intermediaries to effectively pay airlines, hotels, and the global travel… Read More

April 7, 2024 @ 9:15 pm By Michael Wong  |  

The Reserve Bank of India (RBI), the apex banking authority in the nation, is gearing up to unveil a comprehensive framework for a self-regulatory organization (SRO) specifically tailored for the fintech sector. This forthcoming initiative was revealed by Governor Shaktikanta Das during the post-monetary policy… Read More

April 7, 2024 @ 8:31 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced that the share of retail consumer electronic payments -one of the Financial Sector Development Program’s KPIs- reached 70% of total retail payments in 2023, up from 62% in 2022. This achievement is attributed “to the significant growth of payments… Read More

April 7, 2024 @ 8:16 pm By Michael Wong  |  

Shinhan Bank, a prominent player in South Korea’s banking sector, is set to enter the digital arena, vying for a license to become the country’s fourth internet-only bank, according to a Korea Herald report. The move positions Shinhan to compete with established digital banks such… Read More

April 7, 2024 @ 8:08 pm By Omar Faridi  |  

In the latest Coin Metrics State of the Network, the researchers take a data-driven look at the most important events that impacted the digital assets industry in Q1 2024. The demand and strength of inflows into bitcoin exchange-traded products “have been unprecedented, catching many by… Read More

April 7, 2024 @ 7:32 pm By Michael Wong  |  

China’s central bank announced on Sunday plans to establish a substantial 500 billion yuan ($70 billion) re-lending initiative aimed at bolstering the nation’s science and technology sectors, according to  a Reuters report. This move underscores the country’s commitment to fostering innovation and supporting its burgeoning… Read More

April 7, 2024 @ 12:38 pm By Omar Faridi  |  

Ecommpay, an international Payment Service Provider and UK & Europe direct bank card acquirer, has launched Direct Debit payments across BACS and SEPA with bank payment company GoCardless. By using GoCardless Embed — the fintech’s white-labeled solution that allows payment service providers (PSP) to integrate… Read More

April 7, 2024 @ 11:25 am By Omar Faridi  |  

Bluevine, which claims to be the all-in-one banking platform specifically designed for small businesses, announced it will provide customers three different options for their Bluevine Business Checking account – so they can choose the plan that does the most to unlock additional growth for their… Read More

April 7, 2024 @ 10:23 am By Omar Faridi  |  

Six out of 10 or 60% of property managers reportedly experienced fraud during the last two years, according to the latest TransUnion (NYSE: TRU) research which finds outdated risk assessment methods leading to alarming levels of late detection. As the rental market grew over the… Read More

April 7, 2024 @ 9:40 am By Omar Faridi  |  

PhonePe announced a partnership with Star Health and Allied Insurance Company Ltd., which claims to be India’s largest retail health insurance Company, to offer customers health insurance with a monthly and annual payment option. With this partnership, PhonePe users will now “be able to avail… Read More

April 7, 2024 @ 9:21 am By Omar Faridi  |  

Ripple, the provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will reportedly “be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents.” These reserve assets… Read More

April 7, 2024 @ 9:19 am By Omar Faridi  |  

Xoom, PayPal‘s (NASDAQ: PYPL) cross-border money transfer service, announced that U.S. users now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin2. Rolling out to customers in the U.S. starting now,… Read More

April 7, 2024 @ 9:14 am By Michael Wong  |  

Financial inclusion data provider Smile API has successfully closed a funding round with DEG‘s Up-Scaling program, a venture supported by the German Development Finance Institution. This initiative, co-financed by the German Ministry for Economic Cooperation and Development, channels investments into innovative Fintech and greentech ventures… Read More

April 7, 2024 @ 9:12 am By Omar Faridi  |  

As the financial industry grapples with serving an increasingly mobile and digital-first customer base, neobanks are stepping up to fill the gaps left by legacy institutions. Raman Korneu, CEO and Co-founder of myTU, shares his insights on how cloud-native technology and AI can drive a… Read More