March 11, 2024 @ 8:00 am By Omar Faridi  |  

Simon Taylor, an experienced Fintech strategist, notes that the latest Fintech results season is witnessing Wise (LSE:WISE) really “hitting its stride.” As HSBC competitor Zing launches, Wise revenue is “up 23% YoY and its above its IPO price.” Simon Taylor has examined why Wise revenuers… Read More

March 11, 2024 @ 7:58 am By Michael Wong  |  

The Kremlin has announced plans to create an independent payment system within the BRICS group of nations, employing blockchain and digital currencies. Kremlin aide Yury Ushakov, in a detailed interview with Russian news agency TASS, highlighted the initiative aimed at developing a financial infrastructure that… Read More

March 11, 2024 @ 2:11 am By Omar Faridi  |  

PolicyStreet, a regional insurtech company, partners with Direct Lending, a digital lending marketplace platform, to unveil DirectCare+, an embedded personal accident microtakaful with a loan protection feature. DirectCare+ stands as PolicyStreet’s inaugural microtakaful product offering, “solidifying PolicyStreet’s position as the first home-grown insurtech to embark… Read More

March 10, 2024 @ 11:53 pm By Omar Faridi  |  

Currencycloud, a Visa solution and the specialists in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to “provide a full suite… Read More

March 10, 2024 @ 11:45 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in seven top-performing projects from the sixth season of its Incubation program. The 2-month incubator which “commenced in December 2023, is designed to empower early-stage founders offering 1:1 mentorship from the Binance Labs… Read More

March 10, 2024 @ 11:44 pm By Omar Faridi  |  

In a move to promote the widespread adoption of Web3, Wert, the payment solution provider facilitating fiat payments in the Web3 space, has broadened its card acceptance capabilities in collaboration with Worldpay, a globally recognized payment processor. This expansion encompasses the “inclusion of JCB, American… Read More

March 10, 2024 @ 11:40 pm By Omar Faridi  |  

DailyPay, a launching partner for Visa+, announced that the innovative new service is available to DailyPay’s millions of users nationwide. Launched in late 2023, the mission of Visa+ is to create “an interoperable future, where paying across services is as seamless as using any one… Read More

March 10, 2024 @ 10:48 pm By Michael Wong  |  

Israeli Fintech firm Nayax has solidified its position in the Latin American market with the recent acquisition of VMtecnologia, a key player in the technology provision for the automated self-service industry in Brazil. This move, marking the company’s second acquisition in just over four months,… Read More

March 10, 2024 @ 8:43 pm By Omar Faridi  |  

Wyoming Governor Mark Gordon recently signed a bill into law that allows for the development of a complete legal framework for the establishment and management of so-called decentralized autonomous organizations or DAOs. The latest bill has reportedly been sponsored by the legislature’s Select Committee focused… Read More

March 10, 2024 @ 3:13 pm By Omar Faridi  |  

Core Foundation announced a $5 million Innovation Fund to advance India’s decentralized application ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3 communities, enhance education, and provide vital support to founders and builders throughout India. Shivangi Pandey, Core Contributor,… Read More

March 10, 2024 @ 2:51 pm By Tony Zerucha  |  

Arf, a global transaction services platform offering blockchain-based solutions, announced this week that it has surpassed $1 billion in on-chain liquidity volume to support global payments. “Arf was established with the objective to transcend the limitations of existing financial frameworks through the application of innovative… Read More

March 10, 2024 @ 2:26 pm By Michael Wong  |  

The Central Bank of Kenya (CBK) has significantly expanded its digital lending landscape by granting licenses to 19 new digital credit providers (DCPs), bringing the total to 51 licensed firms. This announcement marks the latest effort by the CBK to regulate the burgeoning fintech sector,… Read More

March 10, 2024 @ 1:27 pm By Omar Faridi  |  

‍Smart Pension, one of the UK’s workplace pension providers, has announced that its master trusts have reached £5 billion in Assets Under Management (AUM). Smart Pension, which operates the Smart Pension Master Trust, says it “serves over 1.4 million members and more than 70,000 employers… Read More

March 10, 2024 @ 1:03 pm By Tony Zerucha  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and Fintech that offers consumers and businesses banking and payment solutions, this week announced the appointment of Melissa Douros as chief product officer. Douros will lead Green Dot’s product design and development team, with a focus on… Read More

March 10, 2024 @ 12:26 pm By Omar Faridi  |  

NICE Actimize, a NICE (NASDAQ: NICE) business, announced the launch of ARCHIVE-X, a cloud-based, all communications-in-one archiving and records management solution for financial services firms. NICE Actimize’s ARCHIVE-X reportedly “provides buy-side, sell-side, and online trading platforms, as well as insurance and wealth management firms, with… Read More

March 10, 2024 @ 12:00 pm By Michael Wong  |  

The departure of cryptocurrency giant Binance Holdings Ltd from Nigeria has raised concerns among experts and cryptocurrency enthusiasts about its potential to exacerbate youth unemployment in the country. The firm announced last week that it would cease all operations for the Nigerian naira, discontinuing support… Read More

March 9, 2024 @ 9:29 pm By Omar Faridi  |  

Profile Software launches its new “AI.Adaptive” solution, which simplifies user interaction into natural language with databases and applications, enhancing operational efficiency by integrating Generative AI and Large Language Models (LLMs) artificial intelligence technologies. Profile, an international financial solutions provider, confirmed in a blog post the… Read More

March 9, 2024 @ 6:27 pm By Michael Wong  |  

Philippine bank lending in January 2024 surged by 7.8 percent compared to the same month the previous year, signaling a robust acceleration from the 7.1 percent growth recorded in December 2023, according to preliminary data released on March 8, 2024. This increase in lending by… Read More

March 9, 2024 @ 2:45 pm By Omar Faridi  |  

Corporate venture capital-backed deals and dollars fall to multi-year lows as CVCs shield themselves from the volatile tech market, according to a report from CBInsights. CBInsights noted in its latest update that the corporate venture capital (CVC) market has constricted “amid corporate belt-tightening and subdued… Read More

March 9, 2024 @ 2:07 pm By Michael Wong  |  

Chinese Fintech firm Ant Group has announced substantial increases in transaction limits for international travelers using its cross-border payment services. Effective immediately, the single-transaction limit has been raised from $1,000 to $5,000, and the annual cumulative transaction limit from $10,000 to $50,000. This policy change,… Read More