Fintech News

MAY 27, 2024

This predicament is particularly acute for fintech firms in the Asia-Pacific (APAC) region, where the fintech sector is rapidly expanding. The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. million in 2021.

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APACS FinTech Data Breach Fraud Prevention 111

The Fintech Times

APRIL 22, 2024

Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. per cent from 2022 to 2031. Globally the financing gap for formal MSMEs is an estimated $5.2

Underserved 69

Underserved Finance Technology APACS 69

Fintech News

JUNE 20, 2024

Even more reassuring, 54% of FSIs surveyed in EMEA, USA, and APAC are already embedding AI into their offerings or expanding their initiatives, and 61% plan to use Gen AI in 2024. Will Generative AI in payments accelerate financial institutions on their path to increased revenue and cost optimisation?

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Use Case AI Multi-Currency Payments 121

Fintech News

MAY 19, 2024

Twimbit, a Singaporean research and advisory firm, identifies data monetization as one of the biggest growth opportunities for banks in Asia-Pacific (APAC), which, alongside super-app platforms, financial marketplaces, banking-as-a-services and buy now, pay later (BNPL) arrangements, are projected to contribute over 40% of banking revenue by 2030.

Rules 85

Rules Non-Bank Audit Central Bank 85

Fintech News

MARCH 18, 2024

According to the report, cashless payments are now widespread in Thailand, reaching an adoption rate of 94% in 2021. Ascend Money secured its latest round of financing in 2021, closing a US$150 million Series C at a valuation of US$1.5 since 2021. billion and becoming Thailand’s first fintech unicorn.

FinTech 105

FinTech Online and Mobile Banking Blockchain Product 105

Fintech News

MAY 7, 2024

Uzum said it would use the proceeds from its Series A to advance “develop the country’s IT and logistics infrastructure”, as well as to fund its own buy now, pay later (BNPL) service. Looking ahead, Uzum plans to raise additional financing of approximately US$200 million in a Series B funding round in 2024.

Payment APIs and Integration 125

Payment APIs and Integration Non-Bank Finance FinTech 125

FICO

NOVEMBER 3, 2022

Prevalence of products that influence payment cadence, such as ease of access to cash flow offerings like BNPL. The BNPL sector is already showing how it can impact customer payment hierarchy. In the UK, research by the Citizen’s Advice Bureau reports that one in three BNPL customers missed or made a late payment within the past year.

Volume 52

Volume BNPL Agreements Risk 52