Tagged: financial services

November 21, 2023 @ 4:46 pm By Omar Faridi  |  

Juniper Research unveiled recently the 10 trends that are set to radically impact the fintech and payments landscape in 2024, included within its latest whitepaper. The whitepaper found that “the fintech market is undergoing a rapid shift, with the rise of new technologies, such as… Read More

November 20, 2023 @ 9:25 pm By Omar Faridi  |  

​Personal remittances from Overseas Filipinos (OFs) in September 2023 have reportedly “reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year.” The growth in personal remittances in September 2023 was driven “by increased remittances from 1) land-based workers… Read More

November 20, 2023 @ 7:33 pm By Omar Faridi  |  

Feedzai, the world’s first RiskOps platform for financial risk management, and Chartis Research, leaders in risk technology research and insights, have released a joint report exploring how financial firms are responding to fraud in the APAC region. Leading the charge in the global fight against… Read More

November 20, 2023 @ 6:12 pm By Omar Faridi  |  

Thunes and Kapronasia, a strategic advisory and financial services consultancy, have issued a report, “From Cash to QR codes: Unpacking Southeast Asia’s Diverse Consumer Payments Culture,” examining the region’s world-leading payment landscape. The report explores why payment digitization has been on the rise in Southeast… Read More

November 20, 2023 @ 2:49 pm By Omar Faridi  |  

Wealthfront, a consumer Fintech and pioneer of the robo-advisor industry, announces that the company now oversees more than $50 billion in assets for over 700,000 clients, largely young professionals across the United States. This year Wealthfront‘s team introduced new product lines, “leading to an increase… Read More

November 20, 2023 @ 8:32 am By Omar Faridi  |  

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

November 19, 2023 @ 11:04 pm By Omar Faridi  |  

AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK digital bank, Starling Bank Limited, allowing it to leverage: Starling’s ‘Engine’ technology platform,… Read More

November 19, 2023 @ 7:16 pm By Omar Faridi  |  

Rex Salisbury, partner on the Fintech team at VC firm Andreessen Horowitz (A16Z) and founder of Cambrian, a community at the “white-hot center” of Fintech, says that in the next 15 years, Fintechs could potentially capture more than 50% of financial services revenue. According to… Read More

November 19, 2023 @ 4:04 pm By Omar Faridi  |  

Visa Inc. (NYSE: V) revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season “across both card-present (CP) and card-not-present (CNP) transactions.” The new report identifies popular fraud tactics “expected between November 2023 and January 2024 due to the rapid… Read More

November 19, 2023 @ 3:21 pm By Omar Faridi  |  

Research released by Tink, the firm focused on open banking, uncovers that investment pots have proved to be a financial ‘safety net’ for armchair investors during challenging economic times. This suggests a shift in investing behaviors “from long-term ‘set and forget’ portfolios, to needing instant… Read More

November 17, 2023 @ 2:59 pm By Omar Faridi  |  

Infor, the industry cloud company, announced a new partnership with DailyPay, the Fintech focused on-demand pay, to offer its customers the ability to “provide employees with easy and quick access to their earned wages.” Through this partnership, customers using Infor Workforce Management solutions can provide… Read More

November 17, 2023 @ 10:05 am By Omar Faridi  |  

lastminute.com N.V., the European Travel-Tech firm focused on Dynamic Holiday Packages, announces its appointment of Checkout.com as its global payment service provider. Recently celebrating its 25-year anniversary, the lastminute Group is described as “an iconic online travel destination serving millions of customers annually with holiday… Read More

November 17, 2023 @ 9:17 am By Omar Faridi  |  

Iute Group reports that its performing loans portfolio and revenue continued to grow in the 9 months of 2023. The company has further shared the following financial and operational updates: Number of active customers declined “to 282 thousand (31 Dec. 2022: 293 thousand) but the… Read More

November 17, 2023 @ 9:03 am By Omar Faridi  |  

At Gemini, they believe that the crypto ecosystem must include guardrails and an appropriate level of transparency to protect users from financial crime and fraud. Gemini claim they have always “been dedicated to regulatory compliance and believe that adherence to the Travel Rule is an… Read More

November 16, 2023 @ 9:53 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, launches the UK Retirement Confidence Index. The research study has reportedly “involved surveying more than 2,200 UK adults aged 50 and over by YouGov.” It’s based on responses “to the central question of how… Read More

November 16, 2023 @ 5:19 pm By Omar Faridi  |  

Over three-quarters (77%) of senior finance executives globally expect the economic environment to improve over the coming year, “up considerably from two-thirds (66%) in 2022.” That is according to the latest Future of Finance Study by SIX – an annual survey “that canvasses the opinions… Read More

November 16, 2023 @ 5:14 pm By Omar Faridi  |  

Robinhood (NASDAQ: HOOD)  is raising interest rates once again for Gold members, which is reportedly 8x higher than “the national average savings rate.” As noted in a blog post, the platform is raising the Robinhood Gold rate again – this time to 5.0% APY, their… Read More

November 16, 2023 @ 3:52 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced that DTCC ALERT, the industry’s “largest” online global database for the maintenance and communication of account and standing settlement instructions (SSIs), has reached a key milestone “with over 15 million SSIs, including… Read More

November 16, 2023 @ 12:17 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is introducing new digital capabilities to support consumers in their car shopping and financing journey. Bank of America clients can now “get prequalified for auto financing to learn how much they may be able to borrow and estimate their terms,… Read More

November 16, 2023 @ 11:22 am By Omar Faridi  |  

The British Business Bank launches a new £70million commitment to support smaller businesses from all sectors right across Northern Ireland. The Investment Fund for Northern Ireland (IFNI) aims “to drive sustainable economic growth by supporting innovation and creating local opportunities for new and scaling businesses… Read More