Money Management Archives | Page 70 of 239

Digital Lending / Digital Payments

Can Integrated Banking Solutions Redefine the Future of Finance?

The banking industry is witnessing a significant transformation that transcends the typical competition between traditional banks and challenger/neobanks. Businesses demand an integrated banking experience that offers enhanced speed, security, flexibility, and functionality. Innovations in consumer banking are becoming equally crucial in the B2B sector. The Bank of International Settlements’ Committee on Payments and Market Infrastructure and the G20 are actively

September 11, 2024

FinTech Insurance

Sigo Seguros Raises $10.5M to Expand Inclusive Car Insurance Services

Sigo Seguros, an innovative startup in the InsurTech sector, has successfully secured $10.5 million in a Series A funding round. Founded in 2018 in Austin, Texas, this company focuses on delivering accessible car insurance services to underserved communities, including immigrants and working-class individuals. This latest financial leap positions Sigo Seguros to accelerate its expansion and enhance its product offerings, reinforcing

September 11, 2024

Digital Lending / Digital Payments

AWS Partners with PT Krom Bank Indonesia to Enhance Digital Banking Solutions

The partnership between Amazon Web Services (AWS) and PT Krom Bank Indonesia marks a significant advancement for digital banking in Indonesia. As financial inclusion becomes a priority in the region, this collaboration aims to bridge the gap for underbanked and unbanked populations by leveraging cutting-edge cloud technology. AWS’s robust infrastructure will allow Krom Bank to provide a range of digital

September 11, 2024

Digital Lending / Digital Payments

Can NetNow Transform B2B Credit Management with Automation and AI?

In the fast-paced world of business, efficient credit management can be a game-changer. With the advent of NetNow, an innovative trade credit automation platform, the landscape of B2B credit management is on the brink of a revolutionary transformation. Spearheaded by a recent influx of $1.8 million in pre-seed funding, NetNow sets its sights on streamlining the credit and collections processes

September 11, 2024

Digital Lending / Digital Payments

Wise Platform Partners with AbbeyCross for Faster, Transparent FX Payments

Wise Platform and AbbeyCross have announced a significant partnership aimed at enhancing connectivity and rates in foreign exchange (FX) payments, a move that holds promise for the future of international financial transactions. By combining Wise’s renowned cross-border payment technology with AbbeyCross’s comprehensive platform, this collaboration is set to deliver faster, more transparent FX payment rates, particularly benefiting emerging markets. Introduction

September 11, 2024

Cyber Security

DoJ Provides $18.5M in Latest Compensation for Western Union Fraud Victims

The U.S. Department of Justice (DoJ) has initiated a new round of reimbursements, distributing $18.5 million to individuals defrauded via Western Union services. This is part of an ongoing effort to address the financial damages inflicted by widespread scams facilitated by the money transfer service. The Scope of Western Union Fraud Nature and Impact of the Fraud Fraudulent activities exploiting

September 11, 2024

Fintech Blockchain

VanEck Shuts Down Ethereum Futures ETF Amid Investor Shift to Spot Funds

VanEck has recently announced its decision to shutter the Ethereum Strategy ETF (EFUT), a futures-based Ethereum exchange-traded fund, due to insufficient investor demand. The closure is scheduled to take place on September 16, with the liquidation and return of assets completing by September 23. According to the announcement, various factors contributed to this decision, including the product’s performance, liquidity, assets

September 11, 2024

Robotic Process Automation In Fintech

Navigating AI Advances and Ethical Practices in Public Finance

Artificial intelligence is reshaping industries across the globe, and public finance is no exception. The technology offers unprecedented opportunities to enhance efficiency, streamline decision-making processes, and bolster accountability. The promise of AI in public finance includes automating mundane tasks, gleaning insights from extensive datasets, and simulating complex financial determinations. However, the integration of AI into public finance is not without

September 10, 2024

Digital Wealth Management

Is Latin America’s FinTech Sector on the Brink of Strategic Evolution?

In Q2 2024, Latin America’s FinTech sector experienced a notable contraction in funding and investment activity. This trend reflects a broader shift within the global financial technology sector, with a reduction in both the number and scale of deals. Despite these challenges, strategic investments and the evolving landscape indicate a potential for significant transformation and growth. The Downturn in Funding

September 10, 2024

Digital Wealth Management

How Is FlapKap Transforming SME Financing in the MENA Region?

The financial landscape for small and medium-sized enterprises (SMEs) in the MENA region is undergoing a significant transformation, thanks largely to FlapKap. This Abu Dhabi-based FinTech company is revolutionizing SME financing by leveraging data and technology, and its recent $34 million pre-Series A funding round is a testament to its impact. The new capital injection is expected to accelerate their

September 10, 2024

Digital Lending / Digital Payments

Twenty7tec secures £16.5M to boost mortgage tech with new leadership

Founded in 2014, Twenty7tec, a leading financial technology (FinTech) company based in Bournemouth, UK, is transforming how mortgage advisers operate through its cutting-edge platform. The recent infusion of £16.5 million from BGF marks a pivotal moment in the company’s growth trajectory, coupled with strategic leadership changes designed to drive further innovation. Twenty7tec: Pioneering Mortgage Technology Streamlined Processes for Advisers Since

September 10, 2024

Digital Lending / Digital Payments

How Will Barq and Mastercard Transform Payment Solutions in Saudi Arabia?

In an exciting development for Saudi Arabia’s financial landscape, Barq, a burgeoning FinTech startup, has announced a strategic partnership with Mastercard, a global titan in the financial services industry. This alliance promises to bring a wave of innovative solutions and security enhancements to the payment ecosystem in the Kingdom, marking a significant step toward the modernization of financial services. Driving

September 10, 2024