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
Wealthtech, the subset of fintech that delivers personal finance, investment, and wealth management, has brought about an evolutionary step forward for the financial services industry. As technology continues to transform the sector, wealthtech has emerged as one of the most significant trends, offering innovative solutions for individuals and institutions to manage their wealth effectively. Wealthtech platforms are designed to deliver
Junk fees, also known as hidden or miscellaneous fees, can eat away at an employee’s hard-earned wages. These fees are often overlooked or hidden in the fine print, causing employees to lose money that they may not even realize they are losing. Over time, junk fees can make a significant dent in an employee’s paycheck and overall financial well-being. The
The world of finance has been revolutionized by advancements in technology over the years. Traditional methods of conducting transactions have been replaced by innovative solutions that offer better security, transparency, and cost savings. One of the most exciting and promising advancements is the use of blockchain technology in the stock market. This article explores how blockchain can revolutionize the stock
Blockchain technology is revolutionizing the way we handle critical information, conduct transactions, and manage assets. Blockchain is introducing a new era of transparency and trust to an industry that has long been plagued by fraud and scams. Advancements in technology have enabled us to have a more decentralized and secure system that offers new opportunities for businesses across various industries.
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
The financial services industry is undergoing a major transformation due to the advent of embedded finance. With innovative technology, companies are integrating financial services into non-financial products, revolutionizing the way people access and interact with financial services. In this article, we’ll discuss what embedded finance is, how technological advancements enable it, and the benefits it offers. What is embedded finance?
Standard Chartered has partnered with Tazapay to offer seamless cross-border payments to e-commerce businesses around the world. The partnership aims to simplify transactions for international buyers and sellers, increasing the efficiency and speed of cross-border payments. Overview of the partnership between Standard Chartered and Tazapay Standard Chartered has partnered with Tazapay, a secure digital payment platform for businesses engaged in
Bank Alfalah, a leading commercial bank in Pakistan, has announced its partnership with QistBazaar, a Pakistani buy now, pay later (BNPL) fintech platform. This partnership will offer innovative financial solutions to underserved customers in the country. Bank Alfalah is taking a 7.2% equity stake in QistBazaar and will become the company’s embedded lending partner. Equity stake and embedded lending partnership
Mayfield, a Silicon Valley investment giant, has raised two funds totaling almost $1 billion, aimed at early-stage investment. The Menlo Park-based firm announced its $580 million Mayfield XVII and $375 million Mayfield Select III funds. With these funds, Mayfield aims to continue investing in innovative startups with high growth potential. Mayfield XVII Fund The Mayfield XVII fund will primarily be
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,
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
