Quantum computing has emerged as a promising technology with the potential to revolutionize various industries. The financial sector is one such area where quantum computing can bring significant change. Financial institutions deal with enormous amounts of data, and processing this data can be time-consuming and challenging. This is where quantum computing can help. This article discusses the potential of quantum
Real-time payments are transforming the way individuals and businesses move money. As technology evolves and customer demand for instant gratification grows, many companies are looking to adopt a real-time payment system. However, the introduction of real-time payments is not without its challenges, particularly for corporate treasurers. In this article, we will explore the challenges and opportunities presented by real-time payments
The introduction of Central Bank Digital Currencies (CBDCs) is at the forefront of global financial discussions. With numerous countries piloting or developing their own CBDCs, and more seeking to explore the potential benefits of these digital currencies, it is clear that the move towards CBDCs is gaining momentum. Among the global powers leading the charge is the Group of Seven
Leading RegTech provider Know Your Customer is proud to announce its latest strategic client wins in Singapore: Volopay and Coda Payments. The double win comes in the context of an unprecedented growth of the digital payments industry in Southeast Asia, which is expected to reach an astonishing USD 1.5 trillion by 2030. Know Your Customer’s innovative compliance platform will streamline
ID.me, the Virginia-based digital identity network, has secured $132 million in a recent funding round led by Viking Global Investors. The investment brings the company’s total funding to $240 million, making it one of the most well-funded identity authentication platforms in the market. The funding round also received participation from other investors such as CapitalG, Morgan Stanley Counterpoint, FTV Capital,
The behavioral banking solutions provider, exagens, has announced its fourth consecutive multi-year agreement with Desjardins, the largest credit union group in North America with assets of more than $407 billion. This announcement reaffirms the strong relationship that extends back to 2015 and confirms the ongoing value they have provided to both Desjardins and their members over the past eight years.
Household spending has played a vital role in driving the recent economic expansion in the United States. With the onset of the COVID-19 pandemic, many households relied on credit and debit cards to fund consumption needs while they were unable to leave their homes. However, as the economy begins to reopen, households are displaying signs of restraint. In March, household
Bitcoin Depot, a US-based Bitcoin ATM operator, has signed an agreement with Jacksons Food Stores that will see the installation of more than 80 Bitcoin ATMs across Idaho, Nevada, Oregon, Utah, California, Washington, and Arizona. The installation is expected to occur in the coming months. The partnership between the two companies will allow Bitcoin Depot users to convert cash into
NCR Corporation, a technology company that provides solutions for industries such as retail, finance, and hospitality, is expanding its partnership with fintech Payfare Inc. to offer self-service financial solutions. This partnership aims to enhance the financial capabilities of gig workers in the United States by providing them with secure and efficient financial services that meet their unique needs. NCR has
Ocho is a financial technology company founded by Ankur Nagpal in 2020. Nagpal is a former founder of Teachable who realized that the company’s debut product was not a venture-backed business in and of itself. Therefore, he pivoted to create Ocho, a brokerage platform that allows people to invest in a variety of exchange-traded funds (ETFs) and stocks, with financial
Hudson Structured Capital Management, a leading private investment firm, has recently announced that it led a $12 million Series A funding round for Earned. Earned is a tech-enabled wealth system exclusively designed for physicians, providing data-driven recommendations to help them achieve their financial goals. For physicians, managing financial assets can be a daunting task. With highly demanding work schedules, it
The world of banking and finance has undergone a significant shift in recent years with the rise of fintech products and services. Now, the industry is taking things to the next level with the emergence of embedded fintech. Banks are increasingly evaluating this new approach to extend their brand and presence into new areas of customers’ lives. In this article,
