Sun.Sep 15, 2024

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Asia Pacific Fuels Wise’s Growth, Becomes Second-Biggest Revenue Generator

Fintech News

Wise’s Asia Pacific (APAC) operations have become the company’s second-largest revenue contributor, with a 33.7% year-over-year increase in FY24. The Wise platform currently serves 12.8 million users globally, processing £118.5 billion (S$203 billion) in transactions. In FY24, customers saved £1.8 billion (around S$2.7 billion) in fees. Singapore is a central location for Wise’s APAC operations, with over 500 employees.

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Nubank Removes Nucoin Trading Capabilities as it Steps Away From Cryptocurrencies

The Fintech Times

In March 2023, a digital financial services platform in Latin America (LatAm), Nubank , launched its free, native crypto token, Nucoin. However, a year and a half later, the neobank has announced that buying and selling the crypto asset will no longer be possible on its app. Originally announced in late 2022, Nucoin was created as a loyalty programme for user engagement.

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GXS Bank Introduces Boost Pocket for Higher Savings Interest

Fintech News

GXS Bank, a digital bank backed by Grab Holdings and Singtel, has launched Boost Pocket. This is a new addition to its GXS Savings Account that offers customers the opportunity to earn higher interest rates on their savings. Launched on 12 September 2024, Boost Pocket combines the benefits of a term deposit with the flexibility of the bank’s existing savings products.

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Sponsor's message: [New Impact Study] Mastering the Transition to ISO 20022: Strategies for Compliance and Automated Testing in Financial Services

Finextra

Strategies for Compliance and Automated Testing in Financial Services With a regulatory storm incoming, the need for testing solutions – whether they be generic or tailored – is greater than ever before. As the financial services industry undergoes a vast amount change, particularly around the introduction of new rails on the ISO 20022 framework, these tests are proving vital for inte.

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How To Drive Retail Results With Integrated Tech And UX Design

Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

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Helicap Secures US$50 Million Credit Facility from Xendit’s Lending Arm

Fintech News

Helicap, a Singapore-based fintech platform, has closed its largest credit facility to date, securing US$ 50 million in collaboration with XenCapital, the lending arm of Xendit. Xendit, a fintech company operating across Southeast Asia, has raised US$ 515 million in venture capital funding. This partnership aims to provide capital to businesses in Southeast Asia, where digital lending has been a rapidly growing fintech sector.

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Why Real-Time Payments Are the Next Big Thing in Fintech

Finextra

Real-time payments (RTP) are emerging as a key innovation with the potential to revolutionize how mo.

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Automating rate confirmation processing and data extraction workflows

Nanonets

In trucking, speed isn't simply about how fast your fleet goes. It's also about how quickly you can process a rate confirmation so that you can begin planning routes and allocating resources. It ensures you get your drivers on the road faster. However, processing rate confirmations quickly and accurately is often a challenge.  For starters, you often have to juggle multiple systems like transportation management systems (TMS), accounting software, and email.