Author: TMC Admin
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Behind the Idea: Hokodo
Two years ago, only 28 per cent of B2B buyers frequently used e-commerce but now it’s the dominant purchasing channel for over 50 per cent of B2B buyers, outperforming both telephone and email. Although upwardly trending pre-2020, COVID-19 significantly accelerated the need for remote purchasing in a safe digital environment. This was accompanied by the…
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This Week in Fintech: TFT Bi-Weekly News Roundup 19/05
Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 19 May. Company updates and launches Alternative finance fintech Accelerated Payments has advanced €750million worth of invoice financing to SMEs across the UK, Europe and North America. The firm has also recently appointed Neil McMillan as head of North America and Steve Conrad as VP…
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ComplyAdvantage To Bring AML Assistance To Emerging Crypto Firms With Crime-Fighting Guide
The global appetite for cryptocurrencies is being starved by the lax anti-money laundering (AML) compliance controls that surround the industry. However, ComplyAdvantage has come up with a new solution that might help crypto companies detect financial crime and prevent money laundering. To assist firms in achieving this, the data technology and financial crime detection company…
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Transact Payments: What Financial Service Providers Need To Know About Tokenisation
Consumers are ditching their physical wallets and purses in favour of the more streamlined alternative of mobile wallets and paytech. Smartphones facilitate a variety of functions for consumers when they are out and about. The coronavirus pandemic has also made people increasingly conscious of the need to make payments in an entirely contactless way, without…
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STACS Introduces Blockchain-Based ESGpedia to Power MAS’s Greenprint ESG Registry
To improve sustainability data quality and support more effective sustainable finance, Hashstacs Pte Ltd (STACS) is to launch its newly-developed ESGpedia registry platform. ESGpedia is a single registry that aggregates, records and maintains the provenance of environmental, social and governance (ESG) certifications and data of companies across various sectors and global verified sources, utilising blockchain…
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Nacha Announces Same Day ACH Limit Is Increased From $100,000 to $1million
Dwolla, a fintech powering innovation with sophisticated account-to-account payment solutions, celebrates Nacha‘s announcement of the Same Day ACH (Automated Clearing House) transaction limit increase from $100,000 to $1million. Effective March 18, the $1million limit was applied to all Same Day ACH transactions. Dwolla expects this update to further support the adoption of Same Day ACH, which saw payment volumes grow…
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Analysing UST and $LUNA’s Collapse: What Happened, Why It Happened and Looking to the Future
‘The crypto market is extremely volatile’ – this is a statement most, if not all, in the fintech sphere have heard. In May, the severity of a volatile market came to light when TerraUSD (UST) and $LUNA (Luna), its sister token, collapsed seemingly overnight. Within the space of a few days Luna’s price dropped from…
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Virtual Asset Trading Platform MidChains Enrols on Visa’s Fintech Fast Track Programme
MidChains has joined Visa’s Fintech Fast Track programme in a move poised to accelerate its integration with the payment services provider. Based in Abu Dhabi Global Market (ADGM) and licensed by the Financial Services Regulatory Authority, the virtual asset trading platform’s enrolment on the programme is set to better its ability to leverage the reach,…
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UK Fintech News Roundup: The Latest Stories 18/05
Every Wednesday, we delve into the latest fintech updates from across the UK. This week sees Starling Bank sign up three Lionesses; while Chase bank launches its refer-a-friend scheme throughout the UK. Lionesses join forces with Starling Bank As part of Starling Bank’s sponsorship of UEFA Women’s EURO 2022, one former and two current England…
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‘Future of Cloud in Banking’ Finds There Is Still a Long Way Till All Banks Have Moved to the Cloud
Publicis Sapient, a digital business transformation company, has released its Future of Cloud in Banking report conducted in collaboration with Google Cloud. The cloud state-of-play report surveyed senior banking professionals across Asia Pacific (APAC), EMEA and North America, revealing key insights into how far banks have come in their cloud transition journeys. The survey revealed…