November 27, 2023 @ 9:09 pm By Omar Faridi  |  

Xero, the global small business platform, has released a new report revealing Singapore’s accounting and bookkeeping sector is undergoing significant transformation, “driven by technology innovation and shifting client expectations.” Xero’s State of the industry report “surveyed 300 accountants and bookkeepers working in Singaporean practices to… Read More

November 27, 2023 @ 8:28 pm By Omar Faridi  |  

Bank of the Philippine Islands (BPI) adopts digital-first HR with its partnership with Darwinbox, Asia’s Human Resource Management System (HRMS) provider. With a legacy spanning over 170 years, BPI has “enhanced its employee experience and streamlined HR processes for its 18,000-strong workforce, covering a diverse… Read More

November 27, 2023 @ 5:06 pm By JD Alois  |  

Financial technology, or Fintech, is expected to be the sector of the industry that will lead the charge in regard to Artificial Intelligence (AI) adoption according to a global study. AI jumped into popular interest with the emergence of ChatGPT and widespread utilization – much… Read More

November 27, 2023 @ 5:05 pm By Omar Faridi  |  

It’s not just Millennials and Gen Z with do-it-yourself brokerage accounts “driving the trend toward increased use of digital wealth management tools; the digital channel has become central to the client experience for all types of investors, with mobile apps leading the way.” According to… Read More

November 27, 2023 @ 3:44 pm By Omar Faridi  |  

Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.” Socure’s ID+… Read More

November 27, 2023 @ 2:03 pm By Omar Faridi  |  

A total of 2,675 venture capital (VC) funding deals were announced in China during January-October 2023 while the disclosed funding value of these deals stood at $34.6 billion. China witnessed considerable decline “in terms of both deal volume and value compared to January-October 2022,” according… Read More

November 27, 2023 @ 1:54 pm By Omar Faridi  |  

hyperexponential and Akur8 announce a new partnership that will integrate their complementary pricing decision intelligence capabilities to offer insurers an automated, data-driven system for accurately pricing commercial and specialty insurance products. The partnership enables insurers to “integrate rating factors calibrated in Akur8 into pricing models… Read More

November 27, 2023 @ 1:38 pm By Omar Faridi  |  

Hyperscience, a firm focused on hyper-automation and a provider of enterprise AI software,  announced the appointment of Brian Weiss as the company’s Field Chief Technology Officer. Weiss joins the company at “a pivotal juncture when the demand for its turnkey enterprise AI software is on… Read More

November 27, 2023 @ 12:23 pm By JD Alois  |  

Singapore is well-recognized as the top Fintech hub in Asia. Receiving solid support from the government of Singapore, the small country has hosted an annual Fintech event and according to a public statement, participation in the annual Singapore Fintech Festival topped 66,000 participants this year,… Read More

November 27, 2023 @ 12:14 pm By Omar Faridi  |  

Nubank (NYSE:NU) has just launched a tool to make the lives of its over 3 million SME account holders even easier. Gradually, Nu’s business customers will “be able to transfer the limit of their personal credit card to their business card.” This innovative feature allows… Read More

November 27, 2023 @ 12:13 pm By JD Alois  |  

The Financial Crimes Enforcement Network (FinCEN), part of the US Department of Treasury, has partnered with 12 other global regulatory agencies to form the Counter Terrorist Financing Taskforce – Israel (CTFTI). The members include, Australia, Canada, Estonia, France, Germany, Israel, Liechtenstein, Luxembourg, the Netherlands, New… Read More

November 27, 2023 @ 12:06 pm By JD Alois  |  

Varo Bank, the first native digital bank in the US, says it has increased its Cash Advance amount for certain customers – double the previous amount available of $250. Varo Bank says the Cash Advance offering is “one of the lowest-cost short-term loans available among… Read More

November 27, 2023 @ 11:47 am By Omar Faridi  |  

Payhawk introduces a 3-way match Purchase Orders system, “enabling businesses to automate their procure-to-pay process to further increase the efficiency and control in business purchases.” Payhawk, the global spend management platform, reveals that it has launched its new Purchase Orders system. The solution streamlines procurement… Read More

November 27, 2023 @ 10:48 am By Tony Zerucha  |  

TreviPay, a global B2B payments and invoicing network, recently announced it has partnered with Harbor Freight Tools, a national tool retailer, to provide a Harbor Freight Commercial Credit Card. This new payment option provides instant B2B credit to its business and institutional customers with invoicing and… Read More

November 27, 2023 @ 10:48 am By Omar Faridi  |  

We recently spoke with Mantvydas Štareika, the digital financial services professional and CEO of CapitalBox. This company, which Štareika joined in the last quarter of 2022, is one of the European fintech lenders that provides the EU’s startup ecosystem with timely, trusted, and specifically tailored… Read More

November 27, 2023 @ 9:46 am By Omar Faridi  |  

seQura, a flexible payment platform in Spain, and Checkout.com, the global payments processing platform, today announce they enter into a strategic partnership in order “to help merchants increase conversion rates through flexible payment solutions.” seQura will be an integrated payment method “available to all Checkout.com… Read More

November 27, 2023 @ 9:33 am By Omar Faridi  |  

The British Business Bank is launching its new £130 million Investment Fund for Wales, unlocking additional funding “to help smaller businesses to prosper and thrive.” The fund will drive sustainable economic growth by “supporting new and growing businesses across the whole of Wales through investment… Read More

November 27, 2023 @ 9:16 am By Omar Faridi  |  

Moonfare has appointed Marc Lamik as its Chief Product and Technology Officer, which is a newly-created executive committee position “reporting to Co-CEO Lorenz Jüngling.” Lamik, who is based in Lisbon, “joined Moonfare in July 2022 as VP of Product and Data.” In his new role… Read More

November 27, 2023 @ 8:45 am By Tony Zerucha  |  

Marqeta (NASDAQ: MQ), a card issuing platform, this week announced a new partnership with Credi2 to provide an end-to-end installment platform designed for banks. It helps them deliver installment payments on cards to meet growing consumer demand for more flexible and seamless digital payment experiences…. Read More

November 27, 2023 @ 8:18 am By Tony Zerucha  |  

Deduce, a fraud technology platform designed to prevent AI-generated identity fraud, in association with Wakefield Research, this week released a study showing alarming trends in synthetic fraud growth. The study, which polled 500 financial executives in the United States, shows a 17% increase in synthetic… Read More