The Brazilian Central Bank has recently taken a step toward revolutionizing digital payments for businesses and customers alike by sanctioning the utilization of a new payment feature on WhatsApp. This groundbreaking development was announced by Mark Zuckerberg on Instagram, expressing his enthusiasm for the authorization of the payment feature and its potential to “instantly pay small businesses through WhatsApp.” Furthermore,
The Baltic region is paving the way for digital payments adoption in Europe, with Estonia, Latvia, and Lithuania all connected to the European Union’s SEPA Instant real-time payments network in 2017. As of June 2022, these countries are showing varied levels of adoption of the SEPA Instant service, making them a bustling center of FinTech in Europe. To further encourage
The impact of identity theft on the fintech industry is a growing concern. With the rise of digitalization, the risk of fraud has become increasingly prominent. Identity theft can result in massive losses due to fraudulent transactions, stolen funds, and reputational damage. According to a study by Javelin Strategy & Research, in 2019 alone, over 16 million Americans were victims
Ecommerce has become an integral part of modern society, providing customers with an easy and convenient way to purchase goods and services. Payment processing is an essential aspect of any ecommerce transaction, allowing customers to quickly and securely complete their purchases. In order to ensure a smooth ecommerce experience, merchants must have fast payment processing and a designated payment option.
The U.S. Department of Motor Vehicles (DMV) has recently taken a massive leap forward in modernizing their paper-based systems by launching a blockchain initiative. This initiative seeks to make DMV operations faster, more efficient, and more secure by utilizing the revolutionary technology of blockchain. Oxhead Alpha, a technology firm, is leading the charge in this endeavor and has developed a
Blockchain technology is revolutionizing the way we conduct financial transactions. It is a distributed system shared among computers to authenticate and record any transaction in an immutable and secure form. With its potential to create a secure and trustless network, blockchain technology is quickly becoming a mainstream solution for conducting financial transactions. However, before it can become a widely accepted
Cryptocurrency is an increasingly popular asset class that has recently seen a period of market decline known as ‘crypto winter’. Despite this, many investors are still confident in the potential of digital assets to become a major asset class in the future. To make this happen, comprehensive regulations should be put in place to protect both providers and users of
Dynasty Financial Partners and BridgeFT have recently announced a groundbreaking partnership that will revolutionize the wealth management industry. This exciting new collaboration will enable Dynasty to provide integrated wealth technology services throughout their network, offering a more streamlined experience for their clients. The key to this partnership lies in BridgeFT’s revolutionary WealthTech API. This innovative technology eliminates the need for
Blockchain technology has been gaining in popularity over the past few years, as businesses look for new ways to transact without the need for third parties. The industry is continuing to grow and evolve, with more companies now looking to explore the potential of blockchain solutions for their supply chains. In this regard, Spanish technology firm Finboot has teamed up
The fintech industry has experienced tremendous growth over the past few years, with the emergence of startups and tech giants offering financial services. With evolving consumer behavior and the growing demand for digital financial solutions, embedded finance has become a crucial tool in the fintech landscape. In this article, we will discuss the significance of embedded finance features and how
