Obie, an insurtech company focused on providing insurance to residential real estate investors, has announced that it has raised $25.5 million in a series B funding round. Battery Ventures led the round, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor groups. The new funding will support the future of embedded insurance as Obie
Checkout.com, a prominent global payments provider, has announced that it has been granted a Retail Payment Services (RPS) license from the Central Bank of the United Arab Emirates (UAE). This achievement marks a significant milestone for the company as it becomes the first global payments provider to obtain an acquiring license in the country. The license enables Checkout.com to unlock
The wealth management industry is undergoing a period of unprecedented change, fueled by the rise of wealthtech, which refers to the use of technology to modernize and streamline financial management processes. Wealthtech firms are revolutionizing the way investors manage their money and helping advisors stay competitive in a rapidly evolving landscape. In this article, we will explore the impact of
In today’s world, technology has become increasingly important in helping financial institutions improve their services. As such, many startups and established companies are investing heavily in technology to enhance their financial services. One way they are doing this is through embedded finance, which refers to integrating financial services into non-financial products or services. This article will explore the regulatory landscape
The use of blockchain technology has given rise to various innovations in the world of philanthropy. One of the most notable is the trend of using non-fungible tokens (NFTs) to create unique pieces of digital art or collectibles that can serve as a fundraising tool for charitable causes. However, NFTs have greater potential beyond being just digital assets. In this
In the world of cryptocurrency investments, on-ramping – the process of transferring fiat currency to digital assets – is a critical factor in determining the success and ease of trading for retail investors. Yield App, a digital wealth management platform that allows users to invest in cryptocurrencies easily and securely, is well aware of this fact. As a result, the
Non-fungible tokens (NFTs) are emerging as a potential game-changer in the financial securities services industry. As blockchain-based assets that represent unique digital assets such as art, music, and collectibles, NFTs provide a new way of owning, trading, and investing in assets that were previously difficult or impossible to access. As the technology matures, experts are beginning to recognize the vast
In recent years, embedded finance has rapidly become a new norm for small and medium-sized businesses (SMBs) in payments and banking. With the integration of financial services into non-financial platforms, SMBs can easily access financial services, making it easier for them to grow and thrive. According to research, this segment is expected to generate revenue of $230 billion USD in
TerraPay, a leading provider of digital payments infrastructure, recently announced a strategic equity investment from Visa. This collaboration between the two companies is poised to simplify digital cross-border commerce, a crucial aspect of global trade in the current business landscape. The partnership is expected to facilitate more efficient trade and transaction processing for both consumers and small- to medium-sized businesses.
In recent years, the digitization of supply chain processes has been transforming industries across the board. However, payment processes have largely remained manual, leading to inefficiencies and friction for all stakeholders involved. The good news is that automated payment services (APSs) are now available, offering a range of benefits to merchants and businesses. This article explores how APSs are revolutionizing
As we move further into the digital age, an increasing number of countries are pushing towards a cashless society. The UK is among these pioneers, following in the footsteps of Norway and Sweden, with sparse usage of cash following the pandemic. The transition was intensified by the need to socially distance during the pandemic, and e-wallets and digital transactions became
Financial institutions are required by law to comply with Anti-Money Laundering (AML) regulations in order to prevent illicit financial activities, such as fraud, terrorist financing, and money laundering. However, achieving AML compliance is a challenging task that requires significant human and financial resources. Financial institutions face several challenges, including the difficulty of identifying suspicious transactions, the high cost of compliance,
