Tagged: fintech adoption

UK Fintech Jobs Report: 44% Rise in Financial Tech Job Openings in 2024

A recent report by Morgan McKinley, in collaboration with Vacancysoft, reveals a significant increase in job vacancies in the UK fintech sector. The report shows a 44% rise in fintech job openings in 2024, reaching 12,519 vacancies, up from 8,672 in 2023. The surge in… Read More

Retail Fintech Report: Digital Banks, Neobrokers Outperform Broader Market in Q4

PitchBook‘s research report highlights the improving investor sentiment towards retail fintech companies, with public digital banks and neobrokers outperforming the broader market in Q4. According to the report from PitchBook, this trend is driven by retail fintech companies achieving profitability alongside sustained growth, reflecting improved… Read More

Barclays Announces Plans to Shutter Rise Fintech Accelerator

Barclays has announced the closure of its fintech accelerator program, Rise, by mid-2025, leaving the New York fintech ecosystem grappling with the loss of what many consider a cornerstone of the community. The decision has sparked significant concern among founders, venture capitalists, and industry leaders… Read More

Public Fintech Firms Deliver Strong Performance in 2024 – Research Study

PitchBook has recently released its report, entitled Fintech: State of the Industry 2025. The update aims to offer a wide lens on fintech’s pulse, funding flows, and key trends. Key takeaways from the PitchBook research report on Fintech are as follows: Public fintech companies delivered… Read More

Clutch Announces $65M Series B to Assist CUs with Leveraging Financial Technology

Clutch says it is turning credit unions into Fintechs, and with the successful completion of a Series B funding round, is equipped with $65 million to  transform the way credit unions deliver products and services to the members and communities they serve. The Series B investment… Read More

Fintech Payments Innovator Zilch Announces Launch of New Travel Product

Zilch, a fintech payments innovator of the “ad-subsidized” payments network (ASPN), announces the launch of Zilch Travel. This partnership will reportedly make booking and paying for holidays “easier and more rewarding.” Powered by lastminute.com, a European Travel-Tech firm, the partnership aims to enhance Zilch customers’… Read More

HyperPay Obtains License from SAMA to Support Development of Financial Services Ecosystem in KSA

HyperPay, the Saudi payments services provider (PSP) operating in the MENA region, reportedly obtained a license from the Saudi Central Bank (SAMA) in order to support the diversification and development of the financial services ecosystem in KSA. In line or consistent with its strategy to… Read More

Accenture Acquires Digital Twin Technology for Banks to Improve Core Modernization Capabilities

Accenture (NYSE: ACN) has acquired a digital twin technology platform for banks developed by Percipient, a Singapore-based fintech with experience in banking tech transformation. The acquisition enhances Accenture’s banking modernization capabilities, helping financial services clients in Asia Pacific “accelerate the reinvention of their core systems,… Read More

IDB Invest Supports VPC Debt Fund to Enable Fintech Growth and Financial Inclusion

IDB Invest approved an investment of up to $50 million in Victory Park Capital (VPC) Investor Fund W, L.P., a debt fund in Latin America and the Caribbean committed to offering financial solutions for Fintechs. The fund will focus on expanding access to financing for… Read More

Accel Announces Fintech and AI focused VIII Fund for India’s Founders

Sixteen years ago, Accel embarked on a journey to partner with founders across India—continuing the firm’s history of partnering with founders on a global scale. Accel is now announcing their eighth early-stage fund, a $650 million commitment to empower category-defining startups; companies that will “set… Read More

Fintech Firm Zilch Reports Over 4.5 Million Customers, Steady YoY Revenue Growth

Fintech firm Zilch has reflected on what they claim was an extraordinary year, and their end-of-year update captures the defining moments of 2024. From significant milestones to transformative partnerships, Zilch stated that it has been a year of steady growth and “meaningful” progress. Over the… Read More

Digital Payments Report: Network Tokenization to Boost Security As All-Digital Transactions Replace Traditional Payment Methods

As digital payments continue to replace more traditional methods of payment, network tokenization plays a key role in boosting security and efficiency across the card-not-present ecosystem, according to an update from Juniper Research. By involving the issuing bank early in the transaction authorization process, network… Read More

UK’s B2B Payments Fintech Kriya to Prioritize Frictionless Integration with PSPs in 2025

Anil Stocker, CEO & Co-Founder at Kriya, a UK Fintech that is powering frictionless access to B2B payments and credit, has shared some reflections on Kriya’s productive 2024, with always more to come. Kriya’s PayLater volume grew at 300% CAGR, Stocker noted. He also shared the… Read More

Cross River Bank to Continue Building Financial Infrastructure in 2025, Will Aim to Expand into New Markets

Gilles Gade, Founder and CEO at Cross River Bank, said that when he thinks of 2024, he’s reminded of a quote by the Austrian philosopher Viktor Frankl: “When we are no longer able to change a situation – we are challenged to change ourselves.” As… Read More

Saudi Central Bank SAMA Issues Licenses to More Fintech Startups

The Saudi Central Bank (SAMA) licensed “Hiberbay Ink Al-Saoudia for IT Systems” to provide E-wallet solutions. With “Hiberbay Ink Al-Saoudia for IT Systems,” there are now 27 licensed firms providng payments services across the Kingdom of Saudi Arabia. This decision reflects SAMA’s aim to support… Read More

Plaid Explains Why Building Internal Key Management System Was Fundamental to Security Strategy

Staying secure means staying ahead of what’s coming, according to Fintech Plaid. At Plaid, they reportedly run hundreds of services across tens of thousands of pods on dozens of Kubernetes clusters hosted in AWS. Shuaiwei Cui and Anirudh (Ani) Veeraragavan noted that their teams ship… Read More

Saudi Central Bank SAMA Licenses Majd Saudi Payments to Provide Digital Wallet Solutions

The Saudi Central Bank (SAMA) licensed “Majd Saudi Payments” to provide E-wallet solutions. With Majd Saudi Payments, there are now “26 licensed companies offering payment services” in Saudi Arabia. This decision reflects SAMA’s goal to support the payments sector, increase the efficiency of financial transactions,… Read More

Mobile Gaming Fintech Aghanim Introduces Instant Payouts for Developers

Aghanim, a mobile gaming fintech company, announced a new feature for mobile game developers: Instant Payouts. Founded by Harvard Business School alums with more than 40 years of combined expertise in video games and fintech, Aghanim’s platform ensures developers are now paid instantly, a “stark… Read More

Southeast Asia Experiences Decline in Investments But Fintech and Blockchain Ecosystem Remains Strong – Report

Southeast Asia faced a challenging year in 2024, marked by a “significant contraction” in funding, amid a weak global economy, a new report revealed. According to Tracxn‘s report, prepared by industry analysts, the region’s tech ecosystem experienced a sharp decline in financial inflows and major… Read More

Nordic Fintech Two and Dutch Banking Platform ABN AMRO to Streamline B2B E-Commerce Payments

Nordic fintech Two collaborates with Dutch banking platform ABN AMRO to enhance B2B e-commerce payments. Two, a European enabler of B2B payments technology today announces a strategic collaboration with ABN AMRO (abnamro.com), a leading financial institution in the Netherlands. Together, they are reportedly launching a… Read More

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