Tagged: covid-19

UK’s Invoice Financing Platform MarketFinance Shares how they Helped Bantham Technologies Access Affordable Financing

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that at their company, the whole team connects every week for their (presently virtual) Townhall. But now that COVID-related restrictions are gradually easing and businesses can “take stock” of this past year,… Read More

Fintech Veteran Frank Rotman Talks Building Wealth with Investments, Real Estate, Business Ownership

Frank Rotman, who claims to be a 27+ year Fintech veteran and the Co-founder of QED Investors, notes that small businesses are quite important to our communities. Rotman points out that minority-owned small businesses do not have equal access to capital and the appropriate tools…. Read More

Visa Reveals that its Practical Business Skills Platform has Been Offering Valuable Educational Resources to SMEs

Small and micro businesses (SMBs) account for over 90% of global businesses, and more than half or around 50% of global employment, and contribute over 60% of the GDP of developing nations, the Visa (NYSE:V) team writes in a blog post. However, 2020 was quite… Read More

Corporate Travel Industry to See Drastic Changes in Pandemic’s Wake

Big changes will continue to hit business travel, a report from GlobalData suggests. Over the past 18 months, international business travel plummeted 75 per cent, with domestic travel down 56 per cent. The lost billions in revenue, combined with changing attitudes on the necessity of… Read More

European Transactional Service Worldline Partners Microsoft to Enable Fraud Protection for E-Commerce Payments

Worldline (Euronext: WLN), the European leader in payments and transactional services firm, has teamed up with Microsoft (NASDAQ: MSFT) in order to integrate Dynamics 365 Fraud Protection into Worldline’s digital commerce payments solution. Online fraud has increased considerably during the COVID-19 crisis and resulting economic… Read More

Fintech Adoption in Pakistan on the Rise with Record Levels of Funding Secured by Startups: Report

Pakistan has managed to attract a considerable amount of new capital to support its evolving Fintech sector and emerging startups. The significant increase in new funding actually began following the COVID-19 outbreak which led to many more consumers transacting online instead of visiting physical business… Read More

Payments Fintech Paysafe Extends its Partnership with IntelliPay, an Intelligent Cloud Payment Service

Paysafe (NYSE: PSFE), a specialized payments platform, recently revealed that it has extended its partnership with Utah-based IntelliPay, a provider of an “intelligent” Cloud-enabled payment service (including alternative payment models). IntelliPay, which utilizes Paysafe’s payment processing platform, will reportedly be adding the Paysafecash online cash… Read More

European P2P Lender Mintos Reports Over €10M in 2020 Revenue, Almost an 11% YoY Growth, €1.9M+ in Losses

Peer to peer lender Mintos has shared the audited Mintos Holdings Consolidated report for 2020, which is a document “encompassing the whole group’s activities, including AS Mintos Marketplace.” As noted by Mintos, in their report, investors and stakeholders will be able to access relevant information… Read More

UK’s Starling Bank Accredited by British Business Bank as Lender Under Recovery Loan Scheme

UK-based digital bank Starling has been accredited by the British Business Bank as a lender under the government-backed Recovery Loan Scheme (RLS), which is the successor to the Coronavirus Business Interruption Loan Scheme (CBILS). Starling had previously been approved as a lender under the initial… Read More

Financial Planning: TransUnion Survey Reveals Hong Kong Residents are Facing Financial Pressure due to COVID

The COVID-19 pandemic has taken a heavy toll on Hong Kong residents’ financial situation with many people now worried about whether they’ll still be able to settle their bills, according to a recent TransUnion survey report. TransUnion’s Consumer Pulse study reveals that Hong Kong consumers’… Read More

Perspective: Covid Relief Fraud and Money Laundering in the United States

In an effort to mitigate the effects of Covid-related shutdowns, the US government poured trillions of dollars into relief programs, offering loans to businesses in need and sending checks to people whose income qualified them for aid. However, without adequate controls in place, there was… Read More

Digital Commerce: Cloud Payment Provider Checkout.com to Expand Operations into Spain, Portugal, Italy, Greece

Checkout.com, a Cloud payment provider, revealed on Thursday (May 27, 2021) that it has  established a business office in Barcelona, in order to serve as its headquarters for operations across Southern European markets. Key markets for Checkout.com will include Spain, Portugal, Italy and Greece, the… Read More

As Global Fintech Adoption Grows, Traditional Banks Pursue Digital Transformation Strategies: Report

As Fintech companies become a lot more profitable, traditional banks are trying to counter their business strategy with branded digital-only subsidiaries. Fintech firms are getting ready to approach their next “maturity milestone” – profitability – as they showed great resilience during the COVID outbreak, with… Read More

Assetz Capital Reveals that Typical Capital Raise, even During COVID, Hasn’t Been Significantly Impacted

UK-based Assetz Capital, a peer-to-peer lender that originates secured loans, notes that even during the COVID-19 pandemic, typical capital raise has not been impacted in a “seemingly” large way. According to a blog post from Assetz Capital, businesses are currently looking for funding and there… Read More

P2P Lending Platform Mintos Reports Reaching Nearly 400,000 Registered Users

Peer to peer lending marketplace Mintos has revealed that they’ve managed to hit a new milestone of 400 000 registered users on the platform during this quarter. For firms worldwide, the past year brought “three new time-frames by which business results are now being classified… Read More

MarketFinance Explains how UK’s Help to Grow Program will Assist Businesses with Enhancing Skills, Profits

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that in early March 2021, Chancellor Rishi Sunak had announced the UK government’s Help to Grow program in his Spring Budget. MarketFinance notes in a blog post that the program is designed… Read More

NatWest to Allow UK Consumers to Set their Own Daily Digital Bank Transfer Limits to Reduce APP Scams

NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More

Philippines based RCBC Reports Dramatic Surge in Digital Payments Volume following COVID Outbreak

Rizal Commercial Banking Corporation (RCBC) has revealed that it has seen dramatic growth in its digital payments volume during the last year. The value of InstaPay and PESONet money transfers of RCBC Online and its mobile banking app surged 293% when compared to volumes reported… Read More

KuCoin Joins Forces With Cashaa to Combat COVID-19 Crisis in India 

    Singapore-based global cryptocurrency exchange KuCoin announced on Wednesday it has teamed up with Cashaa, a blockchain-based financial platform, to combat the COVID-19 crisis in India. KuCoin reported that as part of its charity initiative in India, the crypto platform has pledged ₹2 million worth… Read More

Digital Onboarding Introduced by Land Bank of the Philippines, Clients May Open Savings Accounts Online without Visiting a Bank Branch

The Land Bank of the Philippines has introduced its digital onboarding platform for its clients so they can easily open up a savings account without being required to visit a physical bank location. The State-managed banking institution unveiled its digital onboarding system, called DOBS Mobile,… Read More

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