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
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
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
Mamo, a homegrown UAE-based FinTech and financial services platform for SMEs, has been granted regulatory approval to operate from Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA) region. The license has been granted by the Dubai Financial Services Authority (DFSA), the independent regulator of
Nasdaq’s automated quotes in the mid-1970s and online shopping in the mid-1980s were disruptive technologies for the financial industry. The latest disruptive fintech innovation, cryptocurrency, is gaining popularity with consumers, businesses, and government agencies. Large corporations and governments are particularly interested in the underlying technology of cryptocurrencies known as the blockchain. In fact, many organizations
Today at Sibos 2022 in Amsterdam, Finastra announced a strategic collaboration to integrate its Fusion Trade Innovation software with Contour, the global digital trade finance network, providing banks and corporates with a streamlined end-to-end back-office workflow. Users may access their data through either platform, providing banks with increased efficiency and faster turnaround times when processing Letter of Credit
People increasingly look forward to paying various suppliers thanks to the use of mobile phones and numerous applications. Integrating a payment gateway is crucial if you want to create financial eCommerce software that will increase sales and enhance user experience. According to statistics, 73% of all mobile phone users have made a transaction and paid
HSBC has launched HSBC Trade Solutions (HTS) to customers in its two largest markets – the UK and Hong Kong. Whilst making trade simpler, faster, and safer for customers through integrated digital journeys, HTS will power commerce that is rapidly evolving across different platforms and ecosystems. Developed in partnership with CGI, the new platform allows customers
PwC brought in $50.3 billion in global revenue for the year ending June 30, up 13.4% in local currency terms and 11.4% in U.S. dollars, the firm said on Oct. 4. Last year PwC achieved revenue of $45.3 billion globally. “In a year of rapid change and numerous challenges globally, our talented people used their
