In an exciting development for the digital financial services sector, Red Hat, the leading provider of open-source solutions, has joined forces with neoleap, a prominent digital financial services company under Alrajhi Bank in Saudi Arabia. This partnership is set to revolutionize the market by creating a modern platform designed to bring innovative digital payment solutions with enhanced security features. neoleap
Okoora, a well-known provider in the realm of embedded finance and foreign exchange (FX) risk management, has made a significant move by entering the U.S. market. This expansion is particularly noteworthy as it introduces a comprehensive suite of core APIs tailored for diverse financial institutions, fintech companies, and non-financial services organizations. These entities can leverage Okoora’s advanced solutions, encompassing multi-currency
The financial advisory landscape is evolving rapidly, driven by technological advancements and changing client expectations. In this dynamic environment, Qtrade, a digital wealth platform under Aviso, is emerging as a pivotal tool for financial advisors. By leveraging Qtrade, advisors can enhance client relationships, improve efficiency, and cater to a younger, tech-savvy demographic. Initially, there were concerns about adopting digital solutions,
In a groundbreaking move that promises to bolster the security of the Bitcoin ecosystem, Foundry, the leading Bitcoin mining pool by hashrate, has announced its intention to merge mine with Rootstock. Rootstock is a prominent Bitcoin layer-2 network known for its smart contract capabilities but has often faced questions regarding its security. By leveraging Foundry’s significant computational power, Rootstock stands
Kraken’s recent acquisition of a MiFID (Markets in Financial Instruments Directive) license marks a significant milestone for the San Francisco-headquartered crypto exchange. This strategic move allows Kraken to offer advanced services, including derivatives trading, across the European Union (EU). The license was obtained through Kraken’s purchase of a Cypriot investment firm, which subsequently led to the Cyprus Securities and Exchange
In a significant move set to redefine the landscape of wealth management, DriveWealth and OneVest have recently announced a strategic partnership that leverages cutting-edge technology to deliver more comprehensive and customized financial services. DriveWealth, renowned for its Brokerage-as-a-Service ecosystem, aligns perfectly with OneVest, a fintech company dedicated to revolutionizing global wealth management. The collaboration aims to merge the strengths of
In today’s rapidly evolving financial landscape, the global shift toward cashless transactions is having a profound impact on the fintech industry, with key players like Visa Inc. (V), PayPal Holdings, Inc. (PYPL), and Jiayin Group Inc. (JFIN) at the forefront. These fintech trailblazers are pushing the boundaries by offering secure and efficient payment solutions, which are not only driving the
The projected trends and advancements are expected to shape the fintech industry by 2025. It highlights the dynamic role of artificial intelligence (AI), the evolution of payment systems, the significance of regulatory changes, and the digital transformation poised to drive the future of banking. This comprehensive analysis is based on insights from industry leaders and experts who provide their perspectives
Moniepoint has recently secured a strategic investment from Visa, aiming to enhance digital and contactless payments across Africa. This partnership marks a significant milestone for Moniepoint, solidifying its growing influence in the rapidly expanding fintech sector of the continent. Moniepoint is committed to advancing financial inclusion, supporting small and medium-sized enterprises (SMEs), and promoting cashless payment solutions in Nigeria and
The Dave and Dharm Demystify Podcast continues its quest to unpack the complexities of quantum computing, focusing this week on its impact on financial services. Hosts Dave Wallace and Dharmesh Mistry engage with Steve Suarez, founder and CEO of HorizonX Consulting and former Head of Innovation at HSBC. Suarez discusses key developments such as the significance of 2025 as a
The financial services industry is facing a significant challenge: attracting and retaining new talent. The number of financial advisors joining the profession has plateaued in recent years, barely outpacing the rate of retirements and trainee failures. 37.5% of advisors plan to retire by 2033, yet the new advisor failure rate is approximately 72%. Fewer graduates are pursuing careers in accountancy
The explosive growth of data in today’s world has made data engineering more crucial than ever, serving as the foundational element for numerous projects and organizations. Data fuels decision-making and innovation across various sectors, becoming intrinsic to personalized recommendations on streaming platforms and complex financial models predicting market trends. However, raw data in its native form is not inherently valuable—it
