The world of finance is experiencing a paradigm shift as consumers increasingly favor electronic payments over physical currency. This shift, coupled with the growing desire for a cashless society, has set the stage for the rise of central bank digital currencies (CBDCs). In this article, we will explore the factors leading to the emergence of CBDCs, the potential benefits they
Blockchain technology has witnessed rapid adoption by many well-known companies and industries, highlighting its potential to revolutionize global markets. With its decentralized and transparent nature, blockchain has emerged as a game-changer, providing increased security, efficiency, and trust across various sectors. Analysts project the industry to experience exponential growth, with annual rates expected to exceed 66% between 2022 and 2027. Visa’s
Swiss B2B fintech company GenTwo recently secured $15 million in a Series A investment round led by Point72 Ventures. This significant funding will enable GenTwo to further expand its securitization platform, which allows investors to access both bankable and non-bankable assets. With a strong market presence, an impressive track record, and an emphasis on technology, GenTwo is well-positioned to capitalize
Bank employees in the UK are increasingly dissatisfied with their institutions’ international payment services, calling attention to the pressing need for banks to revamp their cross-border payment solutions. A recent survey revealed that only 51% of UK bank employees would recommend their institutions’ international payment services, indicating a lack of confidence in their own offerings. In this article, we delve
The battle for bank deposits is heating up, putting smaller banks in a more vulnerable position. As competition intensifies, the cost of attracting and retaining deposits is on the rise. In this challenging environment, banks have an opportunity to tap into new market segments and secure a lower-cost and stickier source of deposits by partnering with embedded finance companies. The
Financial services provider SEBA Bank has achieved a significant milestone by obtaining an approval-in-principle (AIP) for a license from the Hong Kong Securities and Futures Commission (SFC) to offer digital asset services to residents in Hong Kong. This development opens up new opportunities for SEBA to provide innovative services in one of the world’s leading financial and technological centers. If
In today’s fast-paced business landscape, embracing technology has become essential for companies seeking to thrive and remain competitive. Not only does technology enhance operational efficiency, but it also improves customer experiences, leading to increased customer satisfaction and loyalty. However, embarking on a digital transformation journey requires careful financial planning. In this article, we will discuss various funding options to support
The global market for artificial intelligence (AI) in the financial sector is experiencing significant growth and development. This article aims to provide a detailed overview of the historical background, current status, key players, market segmentation, and growth predictions of AI in the financial industry. Additionally, we will explore the recent launch of IBM Z and Cloud Modernization Center and highlight
Dash Solutions, previously known as Prepaid Technologies, has recently announced its acquisition of KyckGlobal. This strategic move comes after Dash Solutions’ ambitious growth strategy, fueled by a notable $96 million investment from Edison Partners in 2021. With a focus on expanding into new markets and delivering a comprehensive range of configurable payment and engagement solutions, this acquisition signifies Dash Solutions’
Welcome to the definitive guide that will answer the burning question on everyone’s mind: What cryptocurrency to buy in 2023? In this article, we will explore a range of options, from old established tokens to some of the hottest meme coins, as well as trending fresh young crypto stars. However, it’s important to remember that choosing which cryptocurrency is best
The European Central Bank (ECB) is closely examining the potential impact of a digital euro on the region’s banking system. With the rapid rise of digital transactions, it is crucial to ensure that European citizens retain the ability to utilize central bank-issued funds in an increasingly digital environment. In this article, we delve into the potential role of a digital
Small businesses face numerous challenges when it comes to managing payroll and cash flow. To address these issues, Zil Money has introduced an innovative Payroll By Credit Card feature. This feature aims to help small businesses maintain a steady cash flow while ensuring timely payroll payments to employees. In this article, we will explore how this feature works, the benefits
