Enfuce, one of the fastest-growing fintechs in Europe, has chosen Konsentus Verify to protect its customers from unauthorized or fraudulent third parties gaining access to valuable account data and funds. Enfuce provides a modern, flexible, scalable, open banking service that is both safe and compliant. Their embedded payment experience seamlessly delivers the features and products
Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time a FinTech in the UAE is licensed to issue cards by Mastercard. The license from Mastercard enables NymCard to become the UAE’s one-stop provider for FinTechs and digital partners, removing the need
The term ‘unicorn’ is what most people in the financial sector call a privately owned start-up with a value of over $1 billion. Until 2021, the USA had 105 FinTech unicorns. North America’s continued growth in the number of FinTech unicorns is driven by the extensive funding the sector has received. In the US, the
Commonwealth Bank of Australia (CBA) has selected SaaS cloud banking platform Mambu as the technology foundation of its next-gen digital mortgage brand, Unloan. Unloan is set to be a revolutionary force in the Australian mortgage industry, with the new offering able to provide loan refinancing applications in as little as 10 minutes and a discount that increases
Technology has been hit or miss when it comes to our money. While fintech apps promise to make managing our money simple, if not even enjoyable, not all of them deliver. I’ve tested hundreds of personal finance apps and tools over the years. Here are 5 of the best money apps I’ve found to manage
JPMorgan Chase has prevailed in a $1.7B U.K. court case against Nigeria regarding its role in a disputed 2011 oilfield sale, Reuters reported Tuesday. The civil case pertains to Nigeria’s sale of the offshore OPL 245 oilfield to Shell and Eni in 2011. Nigeria had alleged that JPMorgan was “grossly negligent” in following instructions from authorized government officials
Coinbase, the most popular cryptocurrency trading platform will cut about 1,100 jobs. the company said it was shaving off 18% of its workforce as it prepares to ride out a downturn in the crypto sphere. Cryptocurrency is in freefall with the market value of the digital assets falling below $1 trillion on Monday as investors dumped risky
CaixaBank and Microsoft have signed a strategic joint innovation agreement intended to promote the application of Artificial Intelligence (AI) to new financial solutions, as well as to create new and innovative work environments in the metaverse. The agreement will see the two companies start up an AI Innovation Lab, with particular involvement from CaixaBank Tech – the tech
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FinTech refers to software and other modern technologies used by businesses that provide automated and improved financial services. FinTech in our daily life is Mobile Payment apps, Cryptocurrency, and Blockchain like Bitcoin and Gemini. In the future, the range of FinTech services is predicted to transform the market even more with AI and machine learning
MoneyGram, a global leader in the evolution of digital P2P payments, and the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred globally, today announced the initial roll-out of a first-of-its-kind global on/off-ramp service for digital wallets to
Coinme, a leading cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), today announced at Consensus 2022 a strategic collaboration to integrate USDC into Coinme’s global cash onramp and offramp ecosystem. The integration promotes financial inclusion by enabling borderless digital cash to be accessible across
