Tagged: fintech trends

December 27, 2022 @ 7:37 pm By Omar Faridi  |  

Japan-based Fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that “allows customers to pay for online installment purchases straight from their bank accounts.” Smartpay Bank Direct “emphasizes user security while delivering convenience for the consumer, through a network of… Read More

December 27, 2022 @ 4:49 pm By Omar Faridi  |  

Digital credit platform Money View has reportedly secured $75 million in capital via its Series E round, which has been led by Apis Partners, a UK-headquartered asset management firm. The investment round also included contributions from Tiger Global, Winter Capital, and Evolvence. As noted by… Read More

December 27, 2022 @ 1:30 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, has reportedly granted approval to the test launch of the country’s very first agriculture-focused Fintech platform, Digitt+ (providing an Electronic Money Institution or EMI permit). Digitt+ is supported by Akhtar Fuiou Technologies (AFT), the firm… Read More

December 26, 2022 @ 9:39 pm By Omar Faridi  |  

Nageen Kommu, CEO at Digitap recently commented on the anticipated trends for the Fintech segment in 2023. In an update shared with CI, Nageen Kommu noted that the Indian Fintech market currently stands “as the third largest Fintech ecosystem in the world and is well… Read More

December 26, 2022 @ 1:07 pm By Omar Faridi  |  

About 84% of exporters know about invoice factoring as it’s “one of the most common facilities offered by a trade finance company,” according to an update shared with CI. When exporters think about financing their business, “the two most common terms that come to mind… Read More

December 25, 2022 @ 9:37 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced Greenlight for Classrooms, a new web-based financial literacy library “designed for teachers, aligned with the K-12 national standards.” Starting in 2023, the product will be “available for… Read More

December 24, 2022 @ 11:06 am By Omar Faridi  |  

The World Economic Forum has launched the ASEAN Digital Generation Report 2022, the sixth edition of the report since 2017. This year’s report “examines digital financial services, gaps in access and where businesses, governments, and civil society organizations need to improve financial inclusion.” The report… Read More

December 23, 2022 @ 12:57 pm By Omar Faridi  |  

Skyscend Inc., an SaaS platform provider for supply chain finance, announced that it has joined Visa’s Fintech Fast Track Program, speeding up the process of integrating with Visa, “allowing Skyscend to more easily leverage the reach, capabilities, and security that VisaNet, the company’s global payment… Read More

December 22, 2022 @ 10:47 pm By Omar Faridi  |  

Payments and API banking solutions company, Cashfree Payments is now offering one of India’s “widest” ‘Buy Now Pay Later’ (BNPL) suite. Cashfree Payments’ BNPL suite will “enable online businesses to provide customers with over 30 flexible financing options during checkout.” The company has “launched its… Read More

December 21, 2022 @ 10:03 pm By Omar Faridi  |  

When it comes to payments, Latin America is “diving deeper into alternatives,” according to an update from EBANX. Beyond Borders 2022/2023, a recent study by EBANX, a Brazilian fintech that processes payments for global players in rising markets, “shows that alternative payment methods (APMs) have… Read More

December 20, 2022 @ 10:54 pm By Omar Faridi  |  

ZEBEDEE, a Fintech and next-generation payment processor for the gaming industry,  announced the relaunch of its flagship product, the ZEBEDEE app. The revamped app “brings shopping and digital identity features to transform the previously Bitcoin–gaming-focused app into a hub of virtual economies centered around rewarded… Read More

December 20, 2022 @ 10:04 pm By Omar Faridi  |  

Fintech firm Conotoxia has launched a multi-currency card 2.0. The new product makes it possible “to share cards with family members or company employees.” Users of the global fintech Conotoxia can now “order and share their cards with others.” Owners of the multi-currency 2.0 card… Read More

December 20, 2022 @ 11:06 am By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech enabling powerful banking and payment solutions for businesses and consumers, and Wealthfront, an automated wealth management provider serving the next generation of investors, have extended their partnership that “provides seamless checking features and money movement… Read More

December 19, 2022 @ 8:05 pm By Omar Faridi  |  

Mastercard (NASDAQ: MQ) brings Apple Pay to its cardholders in Kuwait. Apple Pay is “providing a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the… Read More

December 18, 2022 @ 11:27 pm By Omar Faridi  |  

Fintech provider Quavo Fraud & Disputes has announced their completion and renewal of the 3.2.1 version of the Payment Card Industry Data Security Standard (PCI DSS) Requirements and Security Assessment Procedures. Quavo initially “achieved its PCI DSS Version 3.2.1 certification in August of 2021.” Attaining… Read More

December 17, 2022 @ 10:38 am By Omar Faridi  |  

Financial habit forming platform, Updraft, announces its latest investment round, raising another £108 million in equity and debt “to power its ambitious growth strategy and deliver savings to its fast-growing user base of 300k members.” The senior debt funding round of £100 million was “led… Read More

December 16, 2022 @ 10:27 am By Omar Faridi  |  

Instant Financial, which claims to be the “pioneer” of fee-free, responsible earned wage access (EWA) solutions that help employees take control of their financial wellness, announced that the company “reached several growth milestones in 2022, confirming the demand for on-demand pay and electronic tips solutions… Read More

December 16, 2022 @ 8:25 am By Omar Faridi  |  

Paysafe’s (NYSE: PSFE) cash arm – viafintech – has started a new partnership with Germany’s third-largest bank by number of customers, ING Germany. From today, more than nine million ING customers “can make cash deposits or withdrawals from their current account at participating retailers across… Read More

December 14, 2022 @ 9:47 pm By Omar Faridi  |  

ZEBEDEE, a Fintech and “next-generation” payment processor for the gaming industry, announced the results of a study “surveying over 1,000 U.S. respondents who play a minimum of one hour of video games per week to gauge their feelings toward blockchain technologies, NFTs and cryptocurrencies being… Read More

December 14, 2022 @ 9:07 pm By Omar Faridi  |  

Galileo Financial Technologies, LLC, a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced the launch of Galileo Direct Deposit Switch. Powered by Atomic, the infrastructure provider for connecting with payroll accounts, Galileo’s Direct Deposit Switch functionality “gives the company’s… Read More