According to Statista, as of November 2021, there were 6,268 FinTech startups in the Asia Pacific region. It clearly shows that finance is one of the most data-affluent and inventive industries today that has created the most trendy solutions in the finance field. Moreover, it has integrations with trendy technologies to provide better financial services
Trace Finance, a Brazilian FinTech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round. The investment was led by HOF Capital (investors in Dapper Labs, Terra, Flutterwave, and SpaceX) with participation from Circle Ventures (the company behind USDC – a leading USD-pegged stablecoin with a $50 billion fully diluted market cap), The Chainsmokers (via their fund Mantis
There’s a lot of pride associated with owning property, whether it’s a primary home or a vacation bungalow. It’s especially rewarding when real estate is properly compensated for. But while a high selling price may be exciting in the moment, it typically comes with a potential drawback. As a capital asset, any gains you make
Many of us plan to live long lives. But with a high life expectancy comes a longer retirement. That means finding ways to financially support ourselves past our working years is more important than ever. There are many options out there that retirees use to boost their retirement income, from defined benefit plans to equity
The interconnected risks faced now by households, businesses, banks and governments could trigger a global financial chain reaction not seen in generations. The 2022 World Development Report examines the financial and economic risks that have been created or exacerbated by the pandemic, and outlines policy measures governments should take now to avoid major financial upheaval.
Matching scope 3 emissions with a bank’s loan book has been elusive. But recent pressure from inside and outside the banking industry may soon change that – then will come the truly hard questions.
Securing funding has long been problematic for micro, small and medium enterprise (MSME) businesses. Bank loans often require solid credit history, a long track record, or proof of ample cash revenue to gain approval. This is simply not possible for many small businesses and is especially cumbersome for small companies located in developing countries such
Mashreq Bank of the UAE and ThetaRay announced they will collaborate in transaction monitoring. The implementation of ThetaRay’s AI-driven, next-generation solution allows safe and secure cross-border payment transfers for correspondent banking with protection from financial crime. The collaboration between the UAE bank and ThetaRay, a leader in its field, came to fruition thanks to the Abraham Accords
Today Juni, the financial companion for ecommerce entrepreneurs, launched its new VISA credit card in the UK. The first of its kind, Juni’s credit card is designed specifically to help ecommerce companies expand and grow. The launch marks a major step for Juni as the company embarks on its one year milestone, with further updates coming soon. While
3S Money, the UK bank challenger, has partnered with ClearBank, the cloud-based clearing bank, to offer multicurrency accounts to its retail and corporate clients for the first time, to support their international growth and that of their end users. The partnership will enable 3S Money’s corporate clients to hold multiple currencies in their accounts and make faster,
i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with KARTY, a Qatar-based fintech providing tailored digital financial solutions to the MEA region, to launch a digital-first prepaid mobile wallet to the country. Leveraging i2c’s global payments platform, Karty’s mobile wallet will provide Visa-branded digital cards, enabling instant, cashless P2P
Fintech 3.0 has revolutionised the financial world by taking banking and finance to consumers’ phones. But what does the growth of neobanks mean for the banking sector and new-age banks? Fintech is not a new concept. Fintech 1.0 saw the emergence of the transatlantic cable in 1866 and the introduction of one of the most
