Category: digital currencies

As the pivot to financial apps accelerated during the pandemic, the number of over 55s turning to them has been no different. The financial app Revolut has reported an increase of over 215 per cent in the number of UK users aged between 55 and 74 over the past two years. Eighty-five per cent of…

Artificial intelligence (AI) has become a necessity for organisations in the financial sphere to succeed. As the attitude of waiting to see how regulations impact the technology is fazed out in favour of embracing innovation as it is developed, organisations must be aware of guidelines and regulations in place, and how these will also develop.…

In this episode of The Fintech Times Podcast, we discuss the explosion of buy now, pay later technology with George Denisenko of Visa. Buy now, pay later (BNPL) continues its rapid rise across Central Europe, Middle East and Africa (CEMEA). Visa’s latest CEMEA COVID-19 Impact Tracker reports that more than 80 per cent of consumers surveyed…

One word sums up this past week: a bloodbath. After the TerraUSD (or UST) algorithmic stablecoin and Luna collapsed, the market lost around $270 billion in a cryptocurrency sell-off. Luna’s value is now zero and at one point it was worth more than $100. Luna’s was created to maintain the UST peg. UST was supposed…

Visa, the global digital payments conglomerate, has selected Singapore-based crypto payments provider TripleA to join a select group of five elite startups from the region for the 2022 cohort of its Visa Accelerator Program in Asia Pacific. Over the next six months, the startups will work closely with Visa on creating defined commercial opportunities they…

Wolters Kluwer Compliance Solutions has launched its OmniVault for Real Estate Finance solution. OmniVault for Real Estate Finance uses the company’s eVault technology to support digital home equity lending, both HELOCs and home equity loans, in addition to already supported conventional, US government and jumbo first mortgages. Banks and credit unions are stepping up their…

On this weeks episode of News & Views, The Fintech Times Podcast team speak about the Tech industry’s talent shortage, whether you would trust a Fintech & how Klarna has announced it will start reporting its customer data to credit agencies.

North American fund managers are placing a growing emphasis on both the quality of the data used in their investment processes and having access to the technological capabilities to efficiently process data. Six out of 10 believe this is crucial to achieving above-average returns in the future. This is according to the recently published study…

Sasai Fintech, a business of Cassava Technologies, Africa’s first integrated technology company of continental scale, has been awarded the compliance approval for merchant payments and bulk disbursements on GSMA digital wallet’s mobile money API (Application Programming Interface). According to Darlington Mandivenga, Sasai Fintech CEO, “Everyone deserves a seamless, safe and convenient way of making financial…

Klarna is to launch a virtual shopping service, which will consolidate both the in-store and online experience. The retail payments provider’s new service is set to enable consumers with heightened product advice and inspiration by connecting them with in-store experts via live chats and video calls. The service will allow retailers and their in-store teams…