Digital innovation has become a top priority for businesses worldwide, and the UK is no exception. In fact, the UK government has initiated the Hartree National Centre for Digital Innovation (HNCDI) program, which seeks to improve digital adoption across businesses, targeting funding and support for UK SMEs. Under this program, three universities have been awarded a share of funding to
Merchant payment solutions provider Alma has partnered with Numeral and BNP Paribas to automate millions of payments per year to merchants. As Alma’s merchant network continues to grow, reliable and efficient payments become increasingly crucial to their business. Numeral specializes in seamless bank integrations, faster payments, real-time data visibility, and efficient workflows for its growing European client base. BNP Paribas
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
Venture capitalists have been increasingly investing in startups that have the potential to bring innovation and disruption to their respective markets. April 2022 was no exception, with 16 firms investing in ten or more US-based startups. While several firms have fallen off the investment list this year, Y Combinator and Techstars have emerged as the leading firms investing in startups,
In a world that is rapidly moving towards digitization, it’s essential to have systems in place that make it easier for people to make secure and convenient payments. e-RUPI is one such system that has been introduced by the National Payments Corporation of India (NPCI) to revolutionize the way we make digital payments. In this article, we’ll take a detailed
The InsurTech industry has bounced back strongly in the first quarter of 2021, with global investments reaching $1.39 billion, according to the latest Global InsurTech Report from Gallagher Re. This marks a 37.6% increase from the previous quarter’s lowest total since Q1 2020, indicating a strong recovery for the industry. The report also highlights some interesting trends in the industry,
As technology rapidly advances, it has ushered in new ways of completing financial transactions. Gone are the days when transactions were only possible through physical cash, bank transfers, or checks. With the advent of mobile-based payments, the way we pay for goods and services has changed drastically. Mobile-based payments refer to the use of mobile phones and other handheld devices
With the rise of technology and changing customer expectations, payment solutions have increasingly become embedded in products and services. And with the growth of e-commerce and the global marketplace, cross-border transactions have become more prevalent than ever before. However, businesses and financial institutions must be equipped with the right tools to provide seamless and secure payment experiences. Otherwise, customers will
As the world becomes more connected, more and more countries are implementing real-time payment schemes where transactions are processed in a matter of seconds, 24/7. This shift has allowed for faster and more convenient transactions, but it also poses significant challenges for financial institutions (FIs). In this article, we will discuss these challenges and how cloud-based platforms can help streamline
In today’s digital age, consumers expect instant access to their financial resources anytime, anywhere, and through any channel. However, the reality is that traditional payment systems operate on batch-based processes, slowing down payment processing and causing delays for consumers. This has created a pressing need for 24/7 instant payment options that better align with the digital demands of today’s consumers.
As businesses across industries continue to adapt to the rapid changes in consumer behavior, digital payments have emerged as a key driver of success for many. Among the most popular payment options in recent years is “Buy Now, Pay Later” (BNPL). Two companies that have emerged as leaders in this space are Affirm and Stripe. Now, they’re bringing their partnership
Investing and banking have traditionally been perceived as activities that need to be done in person, at a physical branch. However, the advent of technology has revolutionized these industries, giving birth to mobile-first banking and financial services that are changing the way people invest, bank, and manage their finances. In this article, we will explore the reasons behind the growth
