Tagged: Digitization

Citi API, the Bank’s API Connectivity Platform, has Processed Over 1 Billion API Calls Since Launching in Late 2017

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

Australian Banking Challenger Judo Bank Shares Top Factors SMEs Need their Banking Service Providers to Deliver

Australia-based banking challenger Judo Bank has released an SME Banking Insights report for February 2021. The extensive report notes that the Australian small to medium-sized enterprises (SME) segment remains the “largest battleground for revenue, profit and growth.” The report adds that this particular segment is… Read More

Islamic or Sharia-Compliant Fintech Services are Increasingly being Adopted in MENA Region and Globally

Islamic or Sharia-compliant Fintech services are being increasingly adopted in Saudi Arabia, the United Arab Emirates (UAE) and internationally as well, according to a report from Arabian Business. As reported by the news outlet, the largest transaction volumes have come from Saudi Arabia, the UAE,… Read More

James Teodorini from Currencycloud Reveals how Salary Finance Services are Improving Financial Wellbeing of Workers

Currencycloud, a cross-border payment platform, notes that a lot has changed since March 2020, when the financial markets crashed (after awareness about COVID became more widespread). The COVID crisis has led to the largest global upheaval since the past few decades. It has touched the… Read More

State Bank of Pakistan Instructs Financial Institutions to Create Chief Digital Officer Role, Offer Better Support for Internet Banking

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

Banks Must Invest in Digital Transformation and Need to Think About Deployment of Fintechs and Value-Added Services, Industry Exec Says

Banking Circle, a financial infrastructure developer, notes that digitalization “dramatically accelerated” in order to address the challenges of 2020. Banking Circle writes in a blog post that having had to innovate (and fast) due to the socioeconomic challenges created by COVID-19, banking institutions are now… Read More

Indian Neobank RazorPay Reveals that Number of Digital Payments via Platform have Increased 80% YoY

If we ask people to name their “best” or “worst” year ever, their answers might differ, RazorPay notes. However, if we want them to arrive at the “most-common answer” (in terms of unprecedented challenges due to COVID-19), then last year’s pandemic would probably be it,… Read More

B2B Capital Raising Platform HubX Secures $5.5M via Investment Round with Participation from Barclays, Basinghall Partners, Elite

HUBX, a B2B capital raising platform, has secured $5.5 million through a funding round that included participation from Barclays. Basinghall Partners, Elite and several individual investors also took part in the round. The funds raised via the investment round will be used to support Hubx’s… Read More

AI enhanced Trade Finance Network Tradeteq Secures $9.4 Million via Series A Round from US Tech Investors

Tradeteq, a company that offers an AI-enhanced collaborative network for trade finance investors and originators to connect, interact, and transact, has finalized its $9.4 million Series A investment round from a group of US-based tech investors. Tradeteq has now raised over $16 million since it… Read More

Stockholm’s Trade Finance Fintech Mitigram Celebrates 5 Years Since Launch, has Negotiated $55 Billion in Trades

Trade finance Fintech firm Mitigram, which serves as a global platform for funding and hedging against trading risks, recently celebrated five years since its launch. Mitigram claims that it’s the first major digital market network for corporates, traders and financial institutions. Established in 2015, the… Read More

Singapore’s Financial Services Sector Is on the Brink of Disruption following COVID-19 Outbreak, According to Fintech Industry Professional

There are many new opportunities for the Fintech sector in a post COVID world, according to Singapore’s labor chief Ng Chee Meng. He noted that the Coronavirus crisis may lead to new requirements and could also create new jobs. Meng, who’s currently the Secretary-General at… Read More

Enterprise Blockchain based Trade Finance, Food Safety, Medical Records Software Now Managed by Bank and Tech Firm led Consortiums, Nexia TS Explains

Nexia TS, a Singapore-based accounting firm, notes that the use of blockchain or distributed ledger tech (DLT)-based solutions can potentially “improve compliance” and “decrease risks” typically associated with digital transformation processes. DLT-enabled solutions might also improve the overall efficiency of a company’s operations. The Nexia… Read More

Bahrain to Introduce Regulations for E-Commerce Businesses which Support Nation’s Digital Transformation Strategy

The Middle Eastern country of Bahrain has identified key focus areas to further develop its economy. The nation’s government has outlined a national strategy for supporting digital commerce. Zayed Alazayani, the Industry, Commerce and Tourism Minister, stated that the Kingdom will be introducing new laws… Read More

Binance Alum Fetch.ai, a Blockchain focused AI Firm, Introduces Decentralized Crypto and Commodities Derivatives Exchange

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, has introduced Mettalex, a “decentralized” crypto, and commodities derivatives trading platform. As mentioned in an update shared with Crowdfund Insider: “Working alongside a consortium of steel mills, shipping companies, trading… Read More

Around 55 to 75% of Loans Issued in India by 2025 Will be Through Digital Onboarding Processes, Fintech Exec Predicts

Online or digital onboarding for obtaining loans in India is expected to increase to 55-75% of the total credit disbursement by 2025, according to Akhil Handa, head of Fintech, partnerships and mobile banking and digital lending department, Bank of Baroda. Handa revealed that, between 2015… Read More

European Online Lender October has Now Closed Financing for its 100th Spanish Company

October, a leading European online lender, notes that it was launched after the global financial crisis of 2008-2009 with the goal of providing more financing options or alternatives to European SMEs. The October team wrote in a blog post published on July 1, 2020: “We… Read More

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