Meet Tamara, Saudi Arabia's First Fintech Unicorn
Tamara, a leading Saudi fintech and payments startup backed by Goldman Sachs, has raised $340 million in a new funding round led by the Saudi sovereign wealth fund and the country's largest bank. This...
View ArticleTransforming Transactions: Visa's Strategic Move in Mexico's Digital Payments...
Visa, a global leader in digital payments, has unveiled its definitive agreement to acquire a majority interest in Prosa, a prominent payments processor in Mexico. This strategic move aims to expedite...
View ArticleBridging Economies: Ukraine's SEPA Ascent in a Shifting Landscape
Ukraine's National Bank (NBU) is embarking on a significant financial journey, signaling its intention to join the Single Euro Payments Area (SEPA) in 2024. This move aligns seamlessly with the...
View ArticleAI in Finance: bunq Launches Chatbot for Handling User Queries
Dutch neobank bunq has dived into the artificial intelligence (AI) frenzy by launching a generative AI chatbot named Finn. The fintech users can answer personalized queries on the users' personal...
View ArticleBiometrics Payments and the Unseen Menace of Generative AI
Once hailed as a beacon of progress, biometric authentication in payments now stands at a crossroads, with a looming shadow cast by the emerging threat of generative AI. While consumers have become...
View ArticleElevating Onboarding with Open Banking Innovations
In the ever-evolving landscape of financial services, the momentum behind open banking is becoming increasingly undeniable. This innovative system empowers customers by allowing them to share their...
View ArticleMastering the Deposit Battlefield: Strategies for Banks Amidst Cash Decline
In the age of digital dominance, recent revelations from the Federal Reserve and McKinsey underscore a concerning decline in cash usage. With only 18% of transactions involving physical currency in...
View ArticleFintech Robos Eyes MENA with Retail Investment Workshop in Saudi Arabia
Fintech Robos, the entity providing digital savings solutions, is gearing up to host an event for top-tier executives in the finance sector in Saudi Arabia. This event aims to revolutionize the...
View ArticleVisa Expands Digital Horizons: A Dual Partnership for Future Payments
Visa has strategically aligned itself with industry leaders, making groundbreaking moves to reshape the future of payments and digital identity. Two significant collaborations have recently come to...
View Article3 Digital Payment Trends You Can't Afford to Miss in 2024
Digital payments are taking over at lightning speed, revolutionizing how consumers and businesses exchange currency. The global transaction value of digital payments could top a staggering $14.78...
View ArticleBanking Strategies for 2024 and Beyond
As the financial industry stands at the brink of 2024, a pivotal year marked by diverse challenges, astute banks view these hurdles as gateways to redefining their strategies and better serving account...
View ArticleBanking-as-a-Service Emerges as a 2024 Game-Changer
The financial landscape is undergoing a profound transformation akin to the evolution of grocery stores. In this digital era, modern banks are not just brick-and-mortar institutions; they are dynamic...
View ArticleLending in the Fast Lane: Legacy Banks Forge a Digital-First Future in...
The financial services landscape is changing as legacy banks are seemingly strategically adopting a digital-first mindset to redefine business lending. The digital transformation wave, accelerated by...
View ArticleMastering Embedded Finance Dynamics
In the dynamic realm of financial services, embedded finance stands as a transformative force, reshaping revenue dynamics and ushering in both challenges and opportunities for industry stakeholders. A...
View ArticleRevolut Files Delayed 2022 Financials: Revenue Jumps 45% to $1.1B
A couple of days after media reports, Revolut released its official numbers. The fintech’s revenue for 2022 crossed $1.1 billion, 45 percent higher than the previous year. For 2023, the company's...
View ArticleMastering the Battle for Deposits: Actionable Insights for Retail Banks in 2024
In the fiercely competitive landscape of retail banking, the fight for deposits has intensified, compelling banks to rethink strategies and embrace innovative approaches. Winning this battle requires a...
View ArticleCross-Border Payment Success: “Faster Money In, Faster Money Out, Happier...
In the complex world of cross-border payments, executives grapple with a myriad of challenges: fraud, complexity, and a fragmented landscape. In a recent virtual panel discussion hosted at the Finance...
View Article“Digital Wallets to Reach 5.6 Billion People by 2030”: Industry Insights
The rapidly transforming landscape of financial technology was the highlight of a recent fireside chat at the Finance Magnates London Summit 2023. Experts in the field, Sandra Mianda, the Founder and...
View ArticleFrom Branches to Bytes: The Banking Revolution Unveiled
As countries undergo digitalization processes, traditional bank office networks are undergoing significant transformations. The imperative to reduce costs is steering banks toward reshaping their...
View ArticleX Marks the Spot: Tweeting Dollars and Elon Musk's Payment Revolution
In an exclusive conversation with ARK Invest's Cathie Wood, Elon Musk, the visionary behind X (formerly Twitter), disclosed plans to introduce in-app payment services on his social media platform. The...
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