Tagged: covid-19

November 8, 2021 @ 3:41 pm By Omar Faridi  |  

Even though there has been considerable economic uncertainty due to the COVID-19 outbreak, recent data from Payments Canada reveals that the nation’s residents feel that the worst might be behind them and are fairly optimistic regarding their financial wellbeing. Although 56% stated that they spend… Read More

November 6, 2021 @ 1:13 pm By Omar Faridi  |  

As the airline industry works to bring consumers back on board, it is challenged with protecting passengers, brand and revenue. In order to streamline takeoff, Visa’s (NYSE: V) international payment and fraud management platform, Cybersource, confirmed that it has joined the International Air Transport Association… Read More

November 3, 2021 @ 10:03 am By Tony Zerucha  |  

Holiday shoppers plan to embrace buy now, pay later (BNPL) schemes with both arms this holiday season, the results of a study from GoCardless suggest. Overall, 42 per cent of shoppers plan to use the tool, and that rate rises to 60 per cent for… Read More

November 1, 2021 @ 2:35 pm By Omar Faridi  |  

The World Payments Report from Capgemini has looked into the major trends, drivers, opportunities, and risks that are transforming the financial services sector. The report mainly focuses on the beginning of a new era, called ‘Payments 4.X’, an experience-driven environment that’s leading to greater industry… Read More

October 31, 2021 @ 5:22 pm By Omar Faridi  |  

Asset managers are set to deploy capital at an accelerated rate, according to an update from European online lender October. Despite the global 2020 Covid-19 outbreak and resulting socioeconomic uncertainty, the asset management sector is going strong, if not stronger, the team at October reveals…. Read More

October 19, 2021 @ 9:27 pm By Tony Zerucha  |  

While the recent drop in the United Kingdom’s unemployment rate to 4.5 per cent is reflective of a strengthening economy, there are still vulnerabilities, financial industry representatives believe. Conister director Douglas Grant said while the data suggests a strong and recovering UK workforce, attention needs… Read More

October 13, 2021 @ 6:37 pm By Tony Zerucha  |  

As our world becomes more purpose-driven, ethically aligned companies will want to bank with an institution that shares their values. Remagine wants to be that bank, co-founder Sebastian Dienst said. Based in Berlin, Remagine’s goal is to reshape financial services through founder-friendly and tech-driven financial… Read More

October 10, 2021 @ 4:38 pm By Omar Faridi  |  

Payments are entering a new “experience-driven” era (Payments 4.X1), “ushered in by an accelerated transformation timeline” because of the Coronavirus crisis and the increasing virtual appetite of clients, according to the World Payments Report 2021 released by Capgemini. As noted in a release: “With the… Read More

September 27, 2021 @ 7:51 am By Omar Faridi  |  

UK-based MarketFinance, a leading online lender that recently raised £280 million in debt and equity and was approved for flex loans, notes in a blog post that there’s “no denying” that last year was quite tough. However, the MarketFinance team claims that “things are looking up”… Read More

September 18, 2021 @ 12:07 pm By Omar Faridi  |  

Morgan McCandless, Relationship Director at Assetz Capital, a marketplace lending platform originating secured loans, reveals that he re-joined Assetz in June of this year, having previously worked on the Northern Ireland portfolio as a consultant, before the COVID outbreak. As a Relationship Director covering Northern… Read More

September 14, 2021 @ 10:40 am By Omar Faridi  |  

The Coronavirus crisis has led to an international surge in digital commerce sales and online or all-digital businesses, as nationwide lockdowns have forced customers to engage with e-commerce platforms. As consumers continue to use digital commerce platforms and make cashless payments with virtual cards and… Read More

September 14, 2021 @ 1:37 am By JD Alois  |  

The British Business Bank has published a list of 158 companies in which it holds equity following the Future Fund COVID support program. The Future Fund was established to backstop UK early-stage ventures that did not qualify for other COVID relief programs. The Future Fund… Read More

September 8, 2021 @ 7:48 am By JD Alois  |  

Peer to peer SME lender Linked Finance says that business optimism is back to pre-pandemic levels even while the Delta/Mu COVID variants capture headlines. Linked Finance, operating in Ireland, reports in its inaugural Linked Finance SME Confidence Index, referencing research conducted by Behaviours & Attitudes, was… Read More

September 7, 2021 @ 10:49 pm By Omar Faridi  |  

Kita Jaga, a digital social mobile app meant for supporting individual consumers and families that may have been affected by the COVID-19 crisis, is planning to secure RM 200,000 (appr. $48,500) via a charity crowdfunding campaign to be conducted on GlobalSadaqah. GlobalSadaqah is an Islamic… Read More

September 6, 2021 @ 10:52 pm By Omar Faridi  |  

Kadence International Indonesia has shared the findings of a new research study, titled Digital Payments and Financial Services Usage and Behavior in Indonesia. The extensive report is reportedly based on an online survey of 1,000 respondents carried out in July of this year in large… Read More

September 3, 2021 @ 9:52 pm By Omar Faridi  |  

GoldenSource, an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) services, reveals that it’s creating 50 new professional jobs at its Mumbai offices. As first reported by Finextra, the new roles are being created to support GoldenSource’s expanding software product portfolio… Read More

August 26, 2021 @ 11:17 pm By Omar Faridi  |  

This month in August 2021, five years after issuing their very first loan to an SME borrower in Singapore, the Validus team reports reaching a notable milestone of cumulatively having financed over SGD 1 billion in SME loans via the Validus marketplace. As they look… Read More

August 21, 2021 @ 6:32 pm By Omar Faridi  |  

The team at Blockstream, a Bitcoin-focused firm, has released its Markets Weekly Report, dated  August 20, 2021. As noted in the report from Blockstream, Bitcoin is currently on pace “to finish on the top end of this week’s range for the fifth weekly win in… Read More

August 17, 2021 @ 5:00 pm By Omar Faridi  |  

Ximena Alemán, Co-CEO at Prometeo, the Latin American (LatAm) Fintech firm that’s leading Open Banking adoption throughout the region, recently shared key industry insights with Crowdfund Insider. Prometeo recently announced the launch of Spark, which is a free-of-cost program for high-potential startups, Fintechs, as well… Read More

August 16, 2021 @ 8:03 am By Omar Faridi  |  

New data from European Fintech iwoca, one of the largest small business lenders, reveals how embedded finance will play a key role for SMEs as they try to recover from the COVID-19 pandemic. Timely insights “bring to life” the wide-ranging benefits of embedded finance, according… Read More