Recently, Payoneer made headlines by acquiring Singapore-based payroll management firm Skuad in a deal valued at $61 million, with an additional $20 million contingent on performance and tenure milestones. This strategic purchase is more than just another business acquisition; it’s a calculated move to bolster Payoneer’s ability to create a comprehensive financial stack for small and medium-sized businesses (SMBs) operating
Artificial intelligence (AI) is transforming industries at an unprecedented pace, with the financial sector at the forefront of this innovation. However, this rapid integration of AI presents unique regulatory and compliance challenges. Global banks are navigating a complex landscape to balance technological advancements with regulatory demands, ensuring that innovation does not come at the expense of consumer protection. The delicate
The landscape of B2B sales is rapidly evolving, driven by the need for more efficient and engaging product demonstrations. Pepsales, an innovative AI-powered SaaS platform, is at the forefront of this transformation. With a recent $1.1 million pre-seed funding round led by Chiratae Ventures and contributions from various angel investors, Pepsales aims to revolutionize how B2B sales teams connect with
Embedded finance is revolutionizing the way businesses engage with their customers by seamlessly incorporating financial services into their existing offerings. This integration not only enhances the user experience but also creates new revenue streams for companies. Embedded finance refers to the incorporation of financial services such as lending, payments, and insurance within non-financial platforms. By partnering with financial technology providers,
In today’s fast-paced digital world, consumers expect seamless, convenient experiences from all aspects of their lives, and the finance industry is no exception. The rise of embedded finance is transforming how people access and manage financial products, integrating these services directly into non-financial platforms like e-commerce sites and social media apps. This innovation simplifies financial processes, making them more accessible
The digital divide continues to pose significant challenges across various sectors, notably in financial services. With an estimated 1.4 billion people globally lacking access to banking, as assessed by the World Bank Group, the need for inclusive financial solutions has never been more urgent. Blockchain technology emerges as a promising candidate to address these financial and digital disparities, offering a
The Romanian financial technology sector has taken a groundbreaking leap with the official launch of RoPay, the nation’s first mobile instant payment service. Developed by TRANSFOND, with the backing of the Romanian Banking Association and the entire banking community, RoPay promises to transform the way financial transactions are conducted throughout the country. With its focus on speed, security, and convenience,
International payments have long been plagued by inefficiencies, delays, and exorbitant fees. In an increasingly globalized economy, there is a critical need for swift, secure, and cost-effective cross-border payment solutions. Enter the groundbreaking partnership between Citi, a global banking leader, and Mastercard, a pioneer in payment technology. Their collaboration promises to revolutionize the landscape of international payments by enabling real-time
The UK InsurTech sector faced a challenging first half of 2024, marked by a significant downturn reflected in the reduced deal activity and plummeting total funding. These developments are indicative of broader macroeconomic shifts and changing investment landscapes, causing a substantial impact on the industry. As the sector reels from this turbulence, key deals and strategic expansions offer a glimmer
Coronation Fund Managers have recently listed the Coronation Global Opportunities Equity Prescient Feeder Actively Managed Exchange Traded Fund (AMETF) on the Johannesburg Stock Exchange (JSE), marking a significant milestone for investors eyeing global markets. This ETF trades under the share code COGOE and offers on-market investors a unique opportunity to access a diversified portfolio managed by top global equity fund
In recent years, the issue of retirement preparedness in the United States has become a topic of significant concern, as an increasing number of American workers continue to show signs of financial unpreparedness for their post-retirement years. This crisis is highlighted through alarming survey data from Human Interest, which points to a widespread lack of basic financial literacy and planning
The FinTech industry is undergoing a significant transformation, driven by strategic collaborations aimed at fostering sustainable investment solutions. This dynamic sector is witnessing unprecedented advancements, leveraging the strengths of diverse players to provide sophisticated data, analytics, and technology-driven insights. As ESG (Environmental, Social, and Governance) considerations become more integral to investment decision-making, the synergy between FinTech firms is pivotal in
