HSBC UK has officially entered the UK’s buy now, pay later (BNPL) market with the launch of Flexipay. This new point-of-sale (POS) finance product is HSBC’s response to the rising demand for flexible and installment-based payment solutions. As more consumers seek options to spread the cost of large purchases, Flexipay promises to provide a responsible lending solution that meets these
Imagine booking an outdoor event or excursion, only for it to be dampened or canceled by unforeseen weather conditions. Poncho, a Swiss InsurTech startup founded in 2023, aims to transform this often frustrating scenario with its innovative approach to weather-based refunds. Recently, Poncho raised $617,000 in seed funding led by WeBuild Ventures, a pivotal moment that positions the company ideally
Artificial Intelligence’s (AI) integration into the financial sector has sparked a transformative wave, promising enhanced decision-making and algorithmic trading capabilities, but it has also introduced a host of regulatory challenges that demand immediate and thoughtful attention. The conversation between Itay Goldstein and Tobias Adrian, a financial counselor and director at the International Monetary Fund, sheds light on these issues, highlighting
In the evolving landscape of modern finance, the potential of artificial intelligence (AI) is a hotly debated topic, especially in wealth management. A study conducted by Avaloq surveyed 300 wealth managers and 3,000 investors globally, revealing a striking disparity between the perspectives of UK wealth managers and their clients. While an overwhelming 87% of wealth managers believe that AI is
The integration of artificial intelligence (AI) and advanced financial education is revolutionizing the wealth management industry, transforming how financial services are delivered and consumed. With technology continually evolving and client expectations constantly shifting, wealth managers must stay ahead by incorporating innovative tools that enhance both efficiency and user experience. One significant trend reshaping the sector is the use of generative
Artificial intelligence (AI) is revolutionizing various sectors, and the financial industry is no exception. As AI becomes more pervasive, its role in mitigating risks, detecting fraud, and enhancing financial market stability is increasingly significant. Financial institutions can leverage AI to improve security, stability, and decision-making processes. This article delves into how AI can achieve these goals. Fraud Detection and Prevention
Emma Technologies, a cloud management platform specializing in enterprise cloud optimization and scalability, has successfully raised $17 million in Series A funding. The round, led by Smartfin with participation from RTP Global and existing investors, boosts Emma’s total funding to over $23 million following a $6 million seed round in March 2023. This funding marks a significant milestone for the
In a significant move to enhance digital payment services and drive financial inclusion in Jordan, Network International, a prominent digital payments company, has partnered with Gate To Pay, a leading Jordan-based payment services provider. This strategic collaboration, formalized through a memorandum of understanding (MoU) during the MENA ICT event, is set to accelerate the nation’s digital transformation and lay the
Israel, often termed as the “Startup Nation,” stands at the forefront of global technological innovation. The country’s entrepreneurial ecosystem thrives with ambitious entities addressing challenges across various sectors like cybersecurity, healthcare, artificial intelligence (AI), and financial technology (fintech). For startups aiming to succeed, gaining access to robust and dependable cloud computing services has become indispensable. MedOne, renowned for providing top-tier
In a significant milestone, the cloud management platform emma has successfully completed a USD $17 million Series A funding round led by Smartfin, with participation from RTP Global and existing investors. This new injection of capital brings emma’s total raised amount to an impressive USD $23 million over the past two years. The Delaware-based company, founded in 2019, provides a
In a significant move to bring innovation to embedded financial services, Adyen, a renowned FinTech firm, has announced a strategic collaboration with Spendesk, a leading spend management platform tailored for medium-sized businesses. This partnership is set to propel Spendesk’s product offerings into the future, with a targeted acceleration by 2025. The collaboration marks a pivotal milestone in the financial services
In a groundbreaking move that could mark a significant shift in the landscape of digital finance, UK-based cryptocurrency exchange Archax has partnered with Ripple Labs, a leading blockchain payment company, to tokenize the money market fund of asset management firm abrdn on the XRP Ledger (XRPL) blockchain. This pioneering effort is the first of its kind on the XRPL network
