Studies show that after a major bank introduced a credit card that was designed to inspire emotional connections with holders, its use increased by 70%. Another showed that emotional connections can increase customer lifetime value by up to 800% for financial services firms. In this video, Business Development Manager for Digital Banking, Ahmed Khidhir breaks
There are a few aspects of personal loans that we all are aware of. They are currently available, versatile, and simple to use. Personal loans, like home loans and business loans, allow you to receive some tax benefits while making your payments. Are Personal Loans Taxable? The loan amount you get from a personal loan
Compass, the Mediobanca Group’s consumer credit arm, has completed two deals in the Buy Now Pay Later (BNPL) segment. The rationale for the deals is to accelerate the bank’s growth in the deferred payment business using digital channels, which it has entered successfully with the launch of its PagoLight product. With the two deals, Compass has acquired: •
Remitly Global, Inc., a leading digital financial services provider for immigrants and their families, today announced the expansion of its relationship with Visa by making Visa Direct, Visa’s real-time push payments platform, available to Remitly customers in Canada.[1] According to the World Bank, more than $6.5 billion in personal remittances are sent annually from Canada. Now,
In 2021, US$6.6 billion has been spent on blockchain solutions. This technology not only underpins the global cryptocurrency market, but also provides unique utility to other industries, such as healthcare, logistics, and real estate. Blockchain is a decentralized digital ledger made up of blocks that store data on a peer-to-peer (P2P) network. Once the information
TripActions, the all-in-one travel, corporate card, and expense management company, today announced its Series G financing at a post-money valuation of $9.2 billion. The raise, a combination of $154 million in equity from new and existing financial investors as well as a $150 million structured capital transaction led by Coatue, marks the third financing round
Goldman Sachs is recognizing Glia’s CEO and Co-Founder Dan Michaeli as one of the Most Exceptional Entrepreneurs of 2022 at its Builders and Innovators Summit in Healdsburg, California. For the two-day event, Michaeli was chosen by Goldman Sachs from among candidates in a variety of industries. With Justin DiPietro and Carlos Paniagua as co-founders, he founded
As the world becomes more connected than ever, money is rapidly becoming borderless. The rise of migration, coupled with the expansion of trade around the world, has fueled the enormous movement of money across borders – and much of this is remittances. Remittances often flow from developed to developing economies as migrant workers send money
JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect. As part of the partnership, Visa B2B Connect will use Validation, a new tool from Liink, to authenticate new accounts for cross-border payments and approve accounts when new users join. Validation allows organizations to securely validate account information before
CUBE Global (“CUBE”), a global leader in Automated Regulatory Intelligence (“ARI”), today announced a strategic growth investment from Bregal Milestone (“Milestone”), a leading technology growth capital firm with c. €1.2 billion of capital raised dedicated to investments in high-growth, market-defining technology companies. This investment marks the first institutional equity investment for CUBE. Serving some of
Environmental concerns, economic uncertainty, the cost of living crisis and global trade issues are just a few of the macro issues facing businesses today. In this uncertain environment, the challenges faced by CFOs are constantly changing and so is the need for the best methods and tools to help finance teams be more agile. Old-fashioned
The amount of time Jamie Dimon, the CEO of JPMorgan Chase & Co, provides the US and global economies before they enter a recession is six to nine months. How can we disbelieve what the CEO of one of the largest banking organizations in the world says? Additionally, recessionary warnings have been issued by the
