Tagged: fintech trends

May 13, 2023 @ 2:39 pm By Omar Faridi  |  

Financial technology, or fintech, companies “integrate digital technology into financial services to build new markets and reach established ones in new ways,” the team at Cross River Bank explains. They drive digital transformation and competition in traditional financial services “by expanding the marketplace and creating… Read More

May 12, 2023 @ 7:05 pm By Omar Faridi  |  

ABHI, which claims to be a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). The bond issue is considered to be “a significant milestone for both ABHI, and the region,… Read More

May 12, 2023 @ 11:45 am By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, announces the addition of Fidelity Investments as its newest buy-side member joining the foundation’s growing community of leading asset managers, hedge funds, and financial services firms. Fidelity’s membership “represents a continued… Read More

May 12, 2023 @ 8:32 am By Omar Faridi  |  

MX, which claims to be an industry leader in Open Finance, announced that Data Access, formerly MXaccess, is now “available for free to financial institutions and data providers.” Data Access enables financial institutions and other data providers “to help consumers connect to all the financial… Read More

May 11, 2023 @ 11:41 pm By Omar Faridi  |  

There are signs of confidence returning to the UK’s 5.5m small and medium-sized businesses and the lending market they rely on, iwoca’s latest SME Expert Index finds. The new research, “carried out with over one hundred SME finance brokers who collectively submitted over 2,500 SME… Read More

May 11, 2023 @ 7:18 am By Omar Faridi  |  

The key to faster Fintech growth is safe, seamless digital account opening, according to an update from Mastercard (NYSE: MA). Innovations in finance and payments are reportedly “unlocking new experiences for consumers and fintechs alike.” As of 2022, around 78 percent of adults in the U.S…. Read More

May 10, 2023 @ 12:26 pm By Omar Faridi  |  

Taktile, the automated decisioning platform, announced the launch of its Data Marketplace as part of its mission to revolutionize how fintechs and banks harness data to make decisions. The Taktile Data Marketplace is described as “a one-stop ecosystem of leading data providers that enables customers… Read More

May 9, 2023 @ 10:36 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) seeks public consultation on the draft “Rules for Regulating Buy Now Pay later (BNPL) Companies.” In the interest of transparency and wider participation, SAMA reportedly “invites stakeholders and public to provide suggestions and observations on the draft Rules by visiting… Read More

May 9, 2023 @ 9:44 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, today unveiled Stripe Reader S700 to help businesses bring their online and in-person payments experiences closer together than ever before. The new, Android-based smart reader is “part of Stripe Terminal, a set of developer interfaces, pre-certified card readers,… Read More

May 9, 2023 @ 4:50 pm By Omar Faridi  |  

QistBazaar, a Pakistan-based Buy Now Pay Later (BNPL) Fintech, announces an equity and Shariah-Compliant embedded finance partnership with Bank Alfalah – one of Pakistan’s largest commercial banks. The partnership is “worth PKR 500 million (US$1.7m) , and includes Bank Alfalah taking a 7.2% equity stake… Read More

May 9, 2023 @ 11:11 am By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions, announced it has added new use cases – including fraud prevention – and new deployment models for its Video Banking technology, “enabling community banks and credit unions (CFIs) to offer branch-like experiences to their customers and… Read More

May 9, 2023 @ 8:23 am By Omar Faridi  |  

Paysend, the global card-to-card payments platform, has announced a new multi-year partnership with the Spanish-language content and media company, TelevisaUnivision. As part of the partnership, TelevisaUnivision will “become a shareholder in Paysend and will help the brand scale its presence with U.S. Hispanics and Latinos… Read More

May 8, 2023 @ 11:21 pm By Omar Faridi  |  

Global payments provider Checkout.com has entered an agreement with Mamo, the fintech powering payments for SMEs across MENA, making Checkout.com the payments provider of choice for their flagship product Mamo Business. This deal further supports Mamo’s mission “to accelerate the growth of SMEs in the… Read More

May 8, 2023 @ 6:08 pm By Omar Faridi  |  

Westpac is rolling out a new feature on its banking app, which will allow customers to estimate their carbon footprint. Westpac customers will soon be able “to track their carbon footprint, with new functionality on the banking app that enables those with eligible accounts to… Read More

May 8, 2023 @ 3:52 pm By Omar Faridi  |  

GMEX Group Limited (GMEX), a firm focused on digital business and technology solutions for capital, commodities, and sustainability markets, announces the launch of ZERO13, a climate Fintech. ZERO13 reportedly “provides an automated AI and multi-blockchain driven aggregation ecosystem delivering trusted supply, digital issuance, trading, clearing… Read More

May 8, 2023 @ 9:13 am By Omar Faridi  |  

NYMBUS, a provider of financial technology solutions, is pleased to announce substantial strategic investments from Curql Collective, a Credit Union Service Organization (CUSO) driving financial technology innovation for credit unions, “via its flagship Curql Fund and Reseda Group, a wholly owned CUSO of MSU Federal… Read More

May 8, 2023 @ 8:01 am By Omar Faridi  |  

Finix is now a payments processor, which will help with simplifying the payments stack. With direct integrations to American Express, Discover, Mastercard, and Visa, Finix offers businesses everything they need “to build world-class payments and embedded fintech experiences.” Finix is pleased to announce their launch… Read More

May 6, 2023 @ 1:19 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology for banks and fintech, today announced 260% revenue growth in 2022, and the appointment of Eran Fishov as VP of Customer Success, Enterprise, “to accelerate market momentum.” Fishov joins the company in order “to lead relationships with… Read More

May 6, 2023 @ 10:25 am By Omar Faridi  |  

Brex announced new global capabilities that significantly expand its ability to support US multinational businesses operating in Brazil, Canada, Israel, Japan, Mexico, Singapore, South Africa, the Philippines, 36 European countries, and more. In addition to spending and paying in local currencies, Brex is “launching VAT… Read More

May 6, 2023 @ 10:17 am By Omar Faridi  |  

Liquido, the “next generation” payments company for Latin America, emerged from stealth today to launch publicly. The company reportedly “spent the last two years building a comprehensive and flexible payments infrastructure to modernize and democratize digital payments access for Latin American businesses, similar to what… Read More