financial services

Hello and welcome to Protocol Fintech. This Tuesday: the quagmire of global regulation, Elon Musk unveils ether holdings, and the crypto cartel.out of the chainCrypto donations benefit Ukraine, that's true - but it seems fiat is the key to…

Remittance giant Western Union has joined other financial services firms in supporting sanctions in response to Russia's invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus,…

The innovative power of technology could ostensibly galvanize the dynamism of the economy. The advent of the…

By Sergey Gribov, Partner at Flint Capital Investment Fund The high level of consumer support for democratizing fintech and bringing fintech services online is demonstrated by record funding of $132 billion in global fintech…

NEW YORK and SINGAPORE , March 10, 2022 /PRNewswire/ -- Paxosthe leading regulated blockchain infrastructure platform, announced that it has received approval in principle from the Monetary Authority of Singapore (MAS), a leading…

WASHINGTON — President Biden on Wednesday signed an executive order that directs the federal government to come up with a plan to regulate cryptocurrencies, acknowledging their popularity and potential to destabilize traditional currency…

Are you subscribed to too many streaming services? And how much do you actually spend on home delivery? An emerging breed of AI-driven fintechs can tell you all of this and more, just by looking at your account and credit card statements.…

Payment trends in Asia Pacific are changing at an exponential rate. Terry Palaiologosdirector of operations at PCBs APACdescribes how consumer expectations drive banks and financial institutions to deliver new opportunities and…

Five months before the emergence of Covid-19, board members of Pune-headquartered Bajaj Finance sat down to give final shape to its five-year strategic plan. It was a routine affair; the atmosphere was sanguine. The consumer finance…

The fintech industry has grown tremendously amid the accelerated pace of digitalization caused by the pandemic. And its applications are expected to continue to grow with continued technological advancements and enhanced…

Villagers in rural areas of Kenya found themselves unable to buy groceries when the country faced a cash shortage during the pandemic. They resorted to transactions using another form of currency – credits that citizens can…

A consumer neo-banking platform, Niyo has raised $100m in its Series C funding round from Accel and Lightrock India, with participation from Beams Fintech Fund, Prime Venture Partners and JS Capital , among others. Niyo offers digital…

NEW YORK--(BUSINESS WIRE)--MoneyLion Inc. (“MoneyLion”) (NYSE: ML), the award-winning digital finance platform, has completed its acquisition of Even Financial Inc. (“Even”), the class-leading integrated finance marketplace.…

Blockchain technologies provide financial companies and their customers with speed, efficiency, 24/7 execution and cost savings, several financial companies pointed out in their fourth quarter results calls. WisdomTree Investments (NASDAQ:…

MIAMI, Florida – On February 8, LendIt Fintech hosted an awards show and dinner at the Lowes Beach Hotel at SouthBeach Miami for the 5th Annual Industry Awards to celebrate top fintech influencers and innovators.…

Reader's question: Are funds deposited in “neobanks” the same protection mechanisms as funds deposited in ordinary French bank accounts? Neobanks, or internet-only banks, are financial services companies that operate exclusively online and…

By Mike Orlic is Vice President, TTEC EMEA. The banking sector has experienced one wave of disruption after another for at least thirty years. When First Direct launched in 1989, it was suddenly possible to engage with your…

DUBLIN--(BUSINESS WIRE)--The "Digital Loan - Thematic Research" report has been added to from ResearchAndMarkets.com offer. This report discusses the disruptive potential of digital lending in consumer financial services. It…

NEW DELHI: The financial technology (fintech) industry has had a phenomenal year, with Covid restrictions forcing people to stay and manage everything from home. The government has consistently pushed for digital transactions and the use of…

Friday, January 28, 2022 6:21 a.m. Two-thirds of all UK banks and financial institutions think the city's regulator, the FCA, doesn't react quickly enough to new trends, hampering innovation in!-->…

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Fintech momentum has fueled an explosion of solutions tailored to niche demographics and new Fintech startups are springing up daily. In fact, it's only a matter of time before there's a neo-bank catering only to aliens in disguise. Yet…

NEW YORK, January 20, 2022 /PRNewswire/ -- Even Financial ("Even"), the category-leading integrated finance marketplace, and LoansCanada.ca ("Loans Canada"), the leading online loan comparison site. Canadaannounced a strategic…

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The changing world of payments in 2021 has led to a surge in new accounts as companies ranging from FinTechs to insurers look for ways to grow their customer base by offering the quick and easy options consumers demand, says CEO of Ingo…

Acquisition Doubles FundThrough's Customer Base and Makes It North America's Largest AI-Powered Bill Funding Platform, Processing Over $ 120 Million Per MonthTORONTO, January 13, 2022- (BUSINESS WIRE) - FundThrough, a financial technology…

Over the past couple of years, some traditional fintech companies like PayPal, Robinhood, and others have been leaning into the cryptocurrency space. German internet banking giant N26 wished they had followed the same path earlier. N26…

TORONTO, January 10, 2022 (GLOBE NEWSWIRE) - Goal Investments inc. ("Goal") announced today that it will terminate the Investment Grade Managed Duration Income (NEO Ticker: PFU.UN) and US Banks Income & Growth Fund (NEO Ticker:…

Over a six-month period in 2020, Environics Research reports, COVID-19 has advanced the adoption of digital financial tools in general by at least three to five years.Jesse Johnston / The Canadian PressAs Canadians turned to investing and…

Close 2021, FinTech Futures looks back on some of the most significant fundraising rounds of the year. 2021 has seen many substantial investments, with money flowing into fintechs around the world as investors seek to support…

Eight years Sheroes started lending, only to women, through its digital bank called Mahila money Six months ago. Chahal wants to expand this business to an additional 10 million women by 2022. Chahal shares the challenges and how…

Just a few years ago, Banking as a Service (BaaS) was a term rarely heard in Latin America outside of industry. A COVID-19 pandemic later, it is now one of the fastest growing fintech segments, contributing to the digitalization of the…

Revolutionizing accessible mobile banking Huawei and Revolut are committed to delivering improved financial services to consumers and businesses. Revolut offers endless possibilities to consumers, seen through products such as cards,…

The Competition and Consumer Protection Commission (CCPC) has decided to carry out further investigations into the plans of four of Ireland's five main retail banks to develop an app-based payment system. If it goes ahead, the system…

HONG KONG, Dec.3 (Reuters) - Just five months after its debut, ridesharing giant Didi Global (DIDI.N) has announced plans to withdraw from the New York Stock Exchange and continue listing in Hong Kong, an astonishing reversal as it bowed…

As the UAE celebrates its jubilee, the country has emerged as a leading global player in the financial services industry that has been revolutionized by technology and transformed the way we do our banking, invest and save our money. .From…

Many banks and asset managers are still using outdated technology. At the same time, the rise of neobanks and innovative fintech platforms continues. In his contribution to finews.first, Taimur Hyat conducts an assessment. This article…

One of the fastest growing banking apps allows its teenage customers to make contactless payments using their iPhone or Apple Watch.Revolut, which has nearly 4 million users in Britain and more than 16 million worldwide, said this week…

For a long time, global financial systems have been largely centralized. Traditional finance has relied on centralized entities such as banks act as an intermediary, courts settle disputes, Governments to provide regulation, and so on.As…

Originally from Bucharest, fintech FLUXX raised $ 8.5 million in a seed funding round. The enterprise-grade platform helps banks and financial institutions with complex IT infrastructures create digital experiences that neo-banks have…

The Fintech disruption has resulted in a tectonic shift in the banking industry. At present, there are 2000 FinTech companies in India. In recent years, there has been a huge increase in several online financial services in the form of…

Daylight founders Paul Barnes-Hoggett (l), Robert Curtis and Billie Simmons (l). The LGBTQ + community in America still has a purchasing power of $ 1 trillion, 53% struggle to maintain regular savings. They also often face…

Acting Controller of Currency Michael hsu delivered a compelling speech today during a presentation at the American Fintech Council, FinTech Policy Summit. AFC largely represents digital and neo-banks as well as non-bank lenders. Hsu…

Affinity neobanks targeting underserved communities have emerged in recent years amid a wider array of digital banking startups vying for consumers who have historically done business with traditional…

Fintech start-up Zolve has raised $ 40 million (around Rs 300 crore) in its Series A funding round, led by DST Global and the participation of Tiger Global, Alkeon Capital, as well as existing investors Accel and Lightspeed Venture…

With more than 70,000 registrations since its launch in September, the neobank providing U.S. FDIC-insured bank accounts and high limit credit cards to non-citizens will raise funds to rapidly increase scale and reachPosted: October 26,!-->…

If traditional banks and credit unions seem a bit cumbersome and outdated for your banking needs, consider opening an account with the latest star in the fintech industry: neobanks. These tech-savvy, digital-savvy darlings…

Revolut appoints Juan Miguel Guerra CEO of Mexico By Joy Dumasia…

With the looming climate crisis, many companies want to do their part. But asking customers to "offset the CO2 emissions from this delivery" is usually a hammer and a nutshell. There is very little transparency around carbon…

Traditional banking institutions continue to face fierce competition from the nimble fintech companies that have risen to challenge them in recent years. As such, these institutions have realized that they need to digitally transform to…

It is not fair Bitcoin that reaches new heights. Loan Club (NYSE: LC), once a market lending platform and now a nationally chartered bank, hit a new 52-week high. While Bitcoin is up around 4.28% for the day, LendingClub is doing…

The N26 logo displayed on a smartphone.Rafael Henrique | SOPA Pictures | LightRocket via Getty ImagesLONDON - German digital bank N26 said on Tuesday it had raised $ 900 million in a new round of funding that values…

Sex sells. But finding a bank ready to take the money is a little more complicated. That's the hard lesson learned by people like Geneviève LeJeune, the founder of Skirt Club, which runs a community of 16,000 bisexual and…

Ximena Aleman Donor Ximena Aleman is co-founder and director of business development at Prometo, an open banking platform serving Latin America. More posts…

Manufacturing-driven growth has been the central development paradigm for centuries, but it's time to shift the focus. The share of industry in total employment in low- and middle-income countries (LMICs) has strikingly remained…

But that's not the only sign that the seemingly inevitable breaking of the wall of traditional finance by big tech companies could itself face huge disruption. "The Chinese Communist Party has emphasized the…

The COVID-19 pandemic has led to an acceleration in the adoption of various technologies, as businesses go online and consumers change their behaviors, experts said at the Gulf Blockchain Summit.Taking place in Dubai, experts at the event…

The changing preferences of consumers who rely heavily on digital platforms have transformed the banking industry over the past 4 to 5 years. Traditional banks are starting to face close competition with new and emerging neo-banks that…

NatWest admitted that operational failures, including weaknesses in automated monitoring systems, meant it had failed to prevent the £ 400million money laundering. The bank pleaded guilty in Westminster Magistrates' Court…

Governor of California Gavin Newsom signed on California Bank Act place. The legislation establishes the BankCal program (BankCal) to provide Californians with free and penalty-free transaction accounts and debit card services.…

Sure, an insurance infrastructure startup, today announced it has closed a $ 100 million Series C funding at a valuation of $ 550 million. New York-based Declaration Partners and European growth investor Kinnevik co-led the funding,…

5 innovative FinTech platforms in India By Léandra Monteiro…

Google has moved away from Plex, its program that aimed to offer bank accounts to Google Pay users. Announced two years ago, the idea for the service was for Google Pay users to sign up for advanced checking and debit cards accounts at a…

His close associates say Jagdishan is quietly determined to come back in force. The bank is working on a scalable platform by comparing itself to platforms such as Amazon and Netflix, with no downtime. “We…

Global Processing Services (GPS), the Paytech pioneer behind some of the world's largest fintech challengers, today announces that it has officially launched its office in the Middle East and North Africa (MENA) and has appointed the…

The news: Starling will expand its Bank as a Service (BaaS) business to mainland Europe, according to AltFi. The British neobank's initial markets will include France, Germany, Spain and the Netherlands. Its French expansion, reported…

“We want to change the way people think about accessing affordable and equitable financial services. Tweet this The for-profit neo-banks in the market usually don't cater to these people because the economy is…

Investing in crypto is definitely a touchy subject in the world of personal finance. Some financial figures are fiercely anti-crypto because of the risk involved. Others are more open-minded because they believe in the blockchain…

Mizuho analyst Dan Dolev believes financial services firm Robinhood now has an edge over the Coinbase cryptocurrency exchange as part of plans to add crypto wallets to its trading app. actions. Earlier this week, Robinhood…

Perhaps it is the onset of fall that prompts companies to seek summer elsewhere in hopes of finding greener grass. At least three well-known financial services companies will soon be testing their ability to…

Eben MabundaDIGITAL innovations over the past decade have revolutionized the financial services industry globally with endless changes seen across Africa. The continent is witnessing cutting edge technologies that are accelerating…

The banking industry has moved from physical to digital, and now to hybrid banking models. Thanks to emerging technologies and fintech companies using digital tools to transform the way we do our banking. The use of Aadhaar…

Open banking - a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by allowing banks to open their systems directly to developers (and new services) through APIs -…

Fintech Revolut is the first WeWork member company to sign on for its latest new cryptocurrency workspace. The challenger bank will use Bitcoin to lease its largest office in the United States, located in Dallas and housing more than 300…

Gurgaon (Haryana) , September 20 (ANI / NewsView): Antworks, one of India's leading online financial services platforms, announced on September 17, 2021 the official launch of AntPay, a neo-banking super app. AntPay app integrates mobile…

FloBiz, an Indian startup that is building a neobank for small and medium-sized businesses in the South Asian market, said on Monday it had raised $ 31 million in a new round of funding as it strives to expand…

Last Week In Bitcoin is a series dealing with the events of the previous week that occurred in the Bitcoin industry, covering all important news and analysis.Summary of the weekLast week the official bitcoin rollout in El Salvador began,!-->…

This article first appeared in Financial collection. The financial services (FS) industry is currently undergoing major change. With the adoption of new digital habits, consumers expect more convenience, choice and flexibility in their…

2021 has been a good year for banks in general as the sector is up 27% year-to-date, beating the S&P 500. It has a lot to do with macroeconomic trends, like government stimulus funds and a…

Sep 18, 2021THE SCEPTICAL have a lot of forage. Early users of bitcoin, the original cryptocurrency, used it to buy drugs, while cyber hackers are now demanding their ransom. Hundreds of millions of dollars of ether, another digital…