Category: digital currencies

Having reached a new user milestone, Klarna is to host a three-day event this month that’ll reward customers with their ‘dream purchase’. ‘Dream Deal Days’ is set to take place between 27 May and 29 May. Through its established relationship with various major retail brands, users will gain access to attractive deals and exclusive product…

Finastra has marked the opening of its newest office in Pune, India and the re-opening of its refurbished office space in Bangalore, India, with ribbon-cutting ceremonies led by its chief technology officer and India executive sponsor, Ravi Metta. The offices will form a base for around 2700 of the financial software applications and marketplaces provider’s…

Belvo, the open finance API platform in Latin America, is launching its official open finance solution for financial institutions and other regulated players in Brazil to simplify the connection to end-users information through an optimised and compliant user experience. Through Belvo’s new open finance product, which is compliant with the guidelines from Banco Central do…

Like brakes to a bicycle, fintech must exist within the realms of regulation if it is to ditch its ‘wild west’ persona. Indeed, the adoption of various elements of the industry, like cryptocurrency, has ultimately suffered due to the lack of regulation that surrounds and supports them. Throughout the entire month of May, The Fintech…

Marking a significant boost for wider financial inclusion and economic prosperity, Mastercard has formed a partnership with the fintech OPay to open up digital commerce to millions of people across the Middle East and Africa. The partnership will allow OPay customers to pay on online platforms via Mastercard’s virtual payment solution, which is to be…

Variable Recurring Payments (VRP) are further realised by the financial industry as a wave of implementation sweeps across fintech. The open banking initiative is now seeing wider adoption between payment initiation service providers (PISP), merchants and customers, with the process and parameters of recurring payments being fully reimagined.  VRP allows a customer to connect their…

Fintech companies experienced 2.5 times more online attacks in Q1 of this year than the two years prior, according to a new report from Arkose Labs. Seventy-five per cent of attacks against fintechs were account takeover (ATO) attempts, while 96 per cent were driven by bots, revealed the Arkose Labs 2022 Q2 State of Fraud and…

As the financial world continues to evolve, financial institutions must constantly be on the lookout to improve their security from fraudsters, while ensuring expenditure does not reach an all-time high as digitalisation across the market continues to boom. One possible solution to this is the implementation of a hybrid cloud system – as the world…

As private investment in AI is revealed to have more than doubled in the past year to $93.5billion, new research conducted by global voice data capture platform Red Box, reveals UK technology leaders now believe AI is superior to humans at analysing conversations and reading emotions. Whilst AI is typically seen to be best applied…

Bringing forth the inception of a new era in financial inclusivity, Netbank launches Netizen Mobile Banking App as a “One-Stop-Banking Solution” for Pinoy OFWs in Malaysia and the Philippines. With an exemplified commitment to address solutions to OFWs’ unique banking transactions, Netizen is developed to be easy, fast, and low-cost to allow Filipinos to conduct…