Embedded finance is a burgeoning trend in Southeast Asia that is rapidly changing the banking and financial services industry. Its growth is driven by the region’s need for financial inclusion, considering that around 290 million people in the area are unbanked. The rise of embedded finance has the potential to help improve financial inclusion for those who were previously excluded
The financial services industry has come a long way since the early days of banking when everything was done manually. Today, however, with the advent of digital technology and the rising expectations of customers, fintech companies are ripe for a complete GTM overhaul. The question is where to start. Many companies are unsure if they should focus on upgrading their
Volopay, a financial technology (fintech) start-up, has announced that it has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This marks a significant achievement for the firm’s push to expand its presence in Singapore and strengthens its position in the Asia-Pacific (APAC) region. Payment services under the Payment Services Act The
The traditional banking industry is not what it used to be. The emergence of fintechs and challenger banks has caused a major disruption and transformation in the banking industry, as these new players offer customer-centric services that are progressively upending the status quo. In this article, we will delve into the world of fintechs and challenger banks to understand how
The world of banking and finance has undergone a significant shift in recent years with the rise of fintech products and services. Now, the industry is taking things to the next level with the emergence of embedded fintech. Banks are increasingly evaluating this new approach to extend their brand and presence into new areas of customers’ lives. In this article,
Clear Street, a New York-based fintech start-up, has raised $270 million in the second tranche of its Series B funding round, bringing the total amount raised to $435 million. With this latest funding, Clear Street’s valuation is now $2 billion. Growth equity firm Prysm Capital led the latest funding round. Clear Street’s funding round Clear Street has raised $270 million
The financial industry has undergone a significant digital shift in recent years, with Fintech apps leading the charge. These apps have proven to be extremely resilient to economic pressures, demonstrating their adaptability and innovation in a rapidly changing industry. In this article, we’ll take a closer look at some of the key trends and developments in the Fintech sector, highlighting
As the world becomes more complex, multinational insurance and finance corporation AIA New Zealand aims to help transform the country into one of the healthiest and best-protected nations globally. Achieving such a goal entails various challenges, including building internal cohesion for IT success, encouraging diversity in tech roles, dealing with resistance to change, and embracing continual transformation. In this article,
Checkout.com has taken a step further to deliver innovative financial solutions by branching out into embedded finance with card issuing. Their platform now provides merchants and other businesses with a streamlined way to create and manage custom-branded cards, enhancing their customer experience and opening up new revenue streams. The move into embedded finance marks a strategic expansion for Checkout.com, which
