Tagged: Digitization

April 14, 2022 @ 10:34 am By Omar Faridi  |  

Recently, we connected with Abhishek Singh, the Co-founder and CEO of Comdex, a decentralized synthetics protocol working towards making global financing more accessible to the multitude. Developed on the Cosmos blockchain, the Comdex protocol is building solutions to democratize finance. They use synthetic assets to… Read More

October 16, 2021 @ 2:17 am By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), an international leader in supporting connected commerce for the banking and retail sectors, reveals that Fidelity Bank will be replacing its self-service network with DN SeriesTM ATMs, updating to the latest technology. As mentioned in a release, the new Windows 10… Read More

July 16, 2021 @ 6:28 pm By Omar Faridi  |  

Constant, an established provider of digitized, self-service solutions for banking platforms and credit unions, reveals that it has teamed up with Alkami, a virtual banking service provider, in order to offer a key solution to improve digital or online loan servicing and loss mitigation for… Read More

April 25, 2021 @ 11:30 pm By Omar Faridi  |  

London-based ComplyAdvantage, a company that offers real-time financial crime insight that “puts you in control,” notes that the European Union has introduced a strategy to deal with  organized and financial crime and the US recently imposed new sanctions on Russia. While sharing recent financial crime… Read More

April 25, 2021 @ 4:37 pm By Omar Faridi  |  

Sovereign governments could potentially be the next group to adopt digital assets, according to a report from crypto-assets firm Kraken. Kraken writes in an update that central bank digital currencies (CBDCs) might become “the latest, and perhaps most substantial tool, used to expand their monetary… Read More

April 16, 2021 @ 8:45 am By Omar Faridi  |  

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

April 5, 2021 @ 9:47 pm By Omar Faridi  |  

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

March 23, 2021 @ 12:27 am By Omar Faridi  |  

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

March 20, 2021 @ 11:37 am By Omar Faridi  |  

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

March 14, 2021 @ 9:53 pm By Omar Faridi  |  

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

February 28, 2021 @ 7:33 pm By Omar Faridi  |  

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

February 16, 2021 @ 8:58 pm By Omar Faridi  |  

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

February 9, 2021 @ 11:31 pm By Omar Faridi  |  

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

January 23, 2021 @ 8:31 pm By Omar Faridi  |  

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

November 16, 2020 @ 9:07 pm By Omar Faridi  |  

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

November 4, 2020 @ 11:59 pm By Omar Faridi  |  

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

October 22, 2020 @ 10:32 pm By Omar Faridi  |  

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

September 10, 2020 @ 9:39 pm By Omar Faridi  |  

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

August 31, 2020 @ 11:07 pm By Omar Faridi  |  

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

August 31, 2020 @ 8:20 pm By Omar Faridi  |  

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