Tagged: pandemic

Fraud in Call Centers Changing But Still On the Rise in 2022: Pindrop

Pindrop’s Voice Intelligence and Security Report 2021 provides detailed evidence of how fraudsters have shifted strategies during the COVID-19 pandemic. Prior to 2020 call centers typically saw fraud rates of one out of every 770 calls, but in 2020 the ratio rose to one out… Read More

Fintech’s Rising Influence Celebrated in F-Prime’s State of Fintech Report for 2021

The explosive growth of Fintechs and their rising influence in finance has been neatly summarized in F-Prime’s State of Fintech Report for 2021. Start with the raises. In 2021 Fintechs attracted close to $120 billion of capital in private markets, with more than 300 nine-figure… Read More

Tink Research Reveals 47% of European Financial Firms Increased Open Banking Spend in 2021

New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47 per cent saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the… Read More

UK SMEs Cheering Up as 2022 Looms: MarketFinance Survey

SMEs across the United Kingdom are somewhat optimistic consumer demand will soon rise, the results of a survey by fintech MarketFinance suggest. MarketFinance asked 2,000 SME owners across the UK about their outlook for 2022 and beyond, gauging their short and long-term plans for business… Read More

Recovery Loan Scheme Surpasses £1 Billion Lending Mark

The British Business Bank this week announced the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered more than £1bn to smaller UK businesses. Of the £1.06 billion of funding offered through 6,190 facilities so far, £822.8m has been drawn… Read More

Financial Health Elusive for Many: Report

The Financial Health Network today unveiled the Financial Health Pulse: 2021 U.S. Trends Report. The report, now in its fourth year, provides competing narratives of financial health in America as the pandemic “recovery” sits at an inflection point. The Nation’s Financial Health is Slowly Improving Overall… Read More

Latino-Owned Businesses Resilient, Face Greater Challenges

Latino-owned businesses have shown signs of strength in the current economy, but they have also suffered, findings from the annual Biz2Credit Latino-Owned Business Study show. At $258,251, the average annual revenue for Latino-owned businesses in 2020-21 was $82,535 lower than their revenues the previous year… Read More

SEON, GBG APAC Unite to Strengthen Online Fraud Prevention

Fraud prevention company SEON is partnering with GBG APAC, a digital identity services provider, to strengthen online fraud prevention for banks, Fintechs, and digital banks across the Asia Pacific region. SEON’s technology is fully integrated into the GBG Intelligence Centre and the alliance will combine… Read More

Pandemic Driving Accounts Payable Automation: Mineral Tree Report

Accounts payable and payment automation solutions provider MineralTree’s sixth annual State of Accounts Payable (AP) report details some of the effects the COVID-19 pandemic has had on business. COVID-19, remote work mandates, and supply chain dependencies all helped accelerate the digitization of businesses, especially in… Read More

Asian Virtual Event Manager EventX Raises $10M Series B

Asian virtual event management company EventX has closed a US$10 million Series B funding co-led by HTC, a virtual reality (VR) company, and Gaocheng Capital, a Chinese private equity fund focused on enterprise software and technology-enabled services sectors. EventX supports in-country and cross-border events with… Read More

Israel Card Payment Usage to Continue Growth After Pandemic-Influenced Decline

Following a brief pandemic-induced decline, Israel’s card payment market is set to resume its growth trajectory, a new report from GlobalData finds. Israel’s government actively promotes electronic payments through legislation such as a cap on cash transactions and reduced interchange fees. “Robust e-commerce growth, and… Read More

Indian E-Commerce Growth Continues

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

The Bells Toll on the Bank Branch: Temenos Survey

Close to two out of three banking executives believe branch banking will be dead by 2026, a new report published this week by Temenos suggests. Produced by the Economist Intelligence Unit, Branching out: can banks move from city centres to digital ecosystems? Includes a survey of 305… Read More

KuCoin Joins Forces With Cashaa to Combat COVID-19 Crisis in India 

    Singapore-based global cryptocurrency exchange KuCoin announced on Wednesday it has teamed up with Cashaa, a blockchain-based financial platform, to combat the COVID-19 crisis in India. KuCoin reported that as part of its charity initiative in India, the crypto platform has pledged ₹2 million worth… Read More

Klarna Unveils Small Business Impact Initiative to Help SMEs to Recover From the COVID-19 Pandemic

      Payment processing and global retail banking platform Klarna announced on Monday it has launched a small business impact initiative to help small and medium-sized enterprises (SMEs) recover from the COVID-19 pandemic. Klarna reported it is donating $4.5 million in free services to SMEs… Read More

Revolut Supports COVID-19 Relief Efforts For India By Temporarily Waiving Fees On Cross-Border Remittance Payments

  Digital bank Revolut announced on Monday it is temporarily waiving fees on cross-border remittance payments made to India, following the country’s latest surge in COVID-19 cases. As of this weekend, India has more than 400,000 COVID-19 cases and 7-day average of deaths more than 3,700. … Read More

GoHenry’s New Report Reveals: U.S. Kids Contributed $24.3 Billion to the Economy During the COVID-19 Pandemic

UK-based digital banking solution goHenry announced earlier this week the release of its annual U.S. Youth Economy Report, which revealed how the past year has transformed the money habits of Gen Z and Gen Alpha. According to the report, American kids and teenagers earned an impressive $27.2 billion… Read More

Biz2Credit Announces Support For Biden-Harris Administration’s PPP Changes to Promote More Equitable Access to Funding

  Biz2Credit announced earlier this week it supports Biden-Harris Administration’s changes to the Paycheck Protection Program (PPP). The company claims that the changes will promote more equitable access to funding for small businesses in need of funding during the COVID-19 pandemic. Biz2Credit further revealed it has… Read More

BBVA Achieves Record Number of New Customer Growth in 2020 Despite COVID-19 Pandemic

BBVA announced on Monday it achieved a record number of new customer growth in 2020, despite the COVID-19 pandemic. BBVA reported that it added a total of 7.3 million new customers worldwide, of which 2.4 million became BBVA customers through the app or the web. According… Read More

Tide Charity Reportedly Awards  £175,000 to Small Businesses Impacted By COVID-19 Pandemic

  UK-based challenger bank Tide recently announced its Tide Charity has donated £175,000 to small businesses that have been impacted by the COVID-19 pandemic. According to Tide, the charity launched in November 2020 in partnership with the Daily Mail, Karren Brady, and The Federation of Small Businesses. Its mission is… Read More

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