Money Management Archives | Page 23 of 239

Digital Lending / Digital Payments

Mastercard and J.P. Morgan Partner to Revolutionize Cross-Border B2B Payments

In a world where businesses increasingly rely on cross-border transactions, the new partnership between Mastercard and J.P. Morgan marks a significant step forward in enhancing business-to-business (B2B) payments. By leveraging blockchain technology, this collaboration aims to streamline international payments, providing new levels of efficiency, speed, and transparency. The integration involves Mastercard’s Multi-Token Network (MTN) and J.P. Morgan’s Kinexys Digital Payments,

November 22, 2024

DevOps

NCAA Adopts Blockchain for Efficiency and Transparency in Aviation

The Nigeria Civil Aviation Authority (NCAA) has embarked on a groundbreaking journey by adopting blockchain technology to raise efficiency standards, reduce flight disruptions, and promote transparency within the aviation sector. This innovative initiative is part of the NCAA’s wider digitalization drive designed to tackle key challenges in the Nigerian aviation industry, which is a major contributor to the nation’s GDP

November 22, 2024

Digital Wealth Management

CBAM Enhances Service with Objectway’s Advanced Portfolio Solutions

In a rapidly changing financial landscape, CBAM, a leading UK specialist in investment management and financial planning, has taken a major step toward digital transformation by partnering with Objectway. This initiative aims to significantly enhance CBAM’s service offerings to establish itself as the premier destination for wealth management professionals and their clients. One of the key differentiators in choosing Objectway

November 22, 2024

Digital Wealth Management

iCapital Unveils Growth Model Portfolio to Boost Private Equity Integration

The world of wealth management is constantly evolving, and the increasing interest in private equity investments is undeniable. Private equity consistently outperforms public equities, making it an attractive option for financial advisors aiming to enhance their portfolio strategies. To address this growing trend, iCapital, a leading fintech platform in the alternative investment marketplace, has introduced the iCapital Growth Model Portfolio.

November 22, 2024

Digital Lending / Digital Payments

PayPal’s PYUSD Boosts Efficiency in Cross-Border Payments

PayPal’s subsidiary, Xoom, has begun leveraging its stablecoin, PayPal USD (PYUSD), to streamline cross-border payments, especially targeting efficiency improvements in Asian and African markets. Introduced in 2023, PYUSD is an Ethereum-compatible ERC-20 token backed 1:1 by US dollars and issued by Paxos Trust Company. This initiative allows PayPal to conduct transactions outside traditional banking hours, offering increased flexibility and accessibility

November 22, 2024

E-Commerce

Wirex and Banking Circle Partner to Enhance Global Financial Services

Wirex, a prominent Web3 money app, has embarked on a significant global alliance with Banking Circle, a top provider of next-generation banking services. This strategic partnership aims to vastly improve Wirex’s global financial operations, benefiting millions of users with advanced banking solutions. Key services offered by Banking Circle include global bank accounts to optimize Wirex’s treasury operations, new payment services

November 22, 2024

Marketing Automation / Email Marketing

How Is Mundial Media Revolutionizing Multicultural Advertising?

Mundial Media, a prominent contextual marketing platform, recently raised $1.5 million in a pre-seed extension round from both existing benefactors and new investors. This significant funding included contributions from family offices and specialized venture firms. The primary objective of this capital injection is to drive product innovation, bolster talent acquisition, and advance Mundial Media’s sophisticated digital advertising solutions, solidifying its

November 21, 2024

Digital Wealth Management

OneChronos Secures $32M for Expansion and Innovation in Financial Markets

OneChronos, a leading technology firm recognized for optimizing financial markets, has successfully secured a $32 million investment primarily led by Addition. This significant funding is aimed at bolstering OneChronos’ position within existing market segments while also facilitating its expansion into new, untapped segments. Renowned for managing Smart Markets that enhance institutional trade quality through advanced matching technology, OneChronos has seen

November 21, 2024

FinTech Insurance

Zopper Raises $25M to Enhance Personalized Insurance Solutions and Support

Zopper, an InsurTech startup that specializes in developing personalized insurance solutions, has recently secured $25 million in a Series D funding round. This substantial investment was led by Elevation Capital and Dharana Capital, with additional participation from Blume Ventures. Zopper plans to channel these funds into enhancing its digital technology infrastructure and insurance distribution platform, specifically focusing on data science,

November 21, 2024

Fintech Blockchain

Brazil Revolutionizes Trade Finance with Drex CBDC and Blockchain

In a bid to revolutionize trade finance and optimize supply chains, particularly focusing on cross-border agricultural commodity transactions, the Central Bank of Brazil (BCB) has embarked on the second phase of its Drex Central Bank Digital Currency (CBDC) pilot project. This phase sees key players like Microsoft, Banco Inter, Chainlink, and 7Comm joining forces to modernize Brazil’s financial infrastructure, with

November 21, 2024

AI and ML

Generative AI Revolutionizing Credit Risk Assessment in Finance

In today’s digital era, generative AI is revolutionizing credit risk assessment, offering a dynamic approach to financial decision-making. This groundbreaking technology surpasses traditional methods by generating synthetic data, enhancing predictive accuracy, and fostering financial inclusivity. By simulating complex scenarios and analyzing broader datasets, generative AI enables institutions to make better-informed decisions, ultimately transforming the credit evaluation process and improving access

November 21, 2024

Embedded Finance

Is Buy Now, Pay Later Worth the Risk During Holiday Shopping?

The holiday season often brings a surge in consumer spending, with many shoppers seeking convenient ways to manage their finances. One increasingly popular option is the Buy Now, Pay Later (BNPL) scheme, which promises the ability to split payments into manageable installments, making it easier to purchase gifts and other items without an upfront expense. However, while BNPL can offer

November 21, 2024