Fintech News
DECEMBER 8, 2024
Cake has become the first digital-only bank in Vietnam to achieve profitability, reaching this milestone 3.5 years after its launch. The digital bank attributes its success to strong growth, with revenue per user increasing threefold since 2023, reaching US$12 in 2024. Cake now serves nearly 5 million customers and processes an average of 400,000 credit applications each month.
The Fintech Times
DECEMBER 8, 2024
Back again in Dubai for its second edition, the DIFC ‘s Future Sustainability Forum took place in the Madinat Jumeirah over 4 to 5 December, bringing together 3,000 participants to discuss environmental conservation and social equity innovations. The Future Sustainability Forum 2024 addressed critical sustainability issues across eight core pillars spanning different industries including banking and finance.
Fintech News
DECEMBER 8, 2024
Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences. This programme brings together various payment service providers to explore interoperability using Swift’s network and enhance payment transparency. The initiative will explore different business scenarios involving end-to-end transaction tracking across banks and payment providers, including e-wa
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Fintech News
DECEMBER 8, 2024
Coinbase users will soon be able to make crypto payments at a wider range of businesses following a new partnership with Triple-A. Triple A is a licensed provider of crypto payment solutions with a global network of merchants. This collaboration will allow Coinbase users to seamlessly make payments with crypto at select merchants across Triple-A’s extensive network, specifically in industries like fashion, luxury goods, travel, and gaming.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
DECEMBER 8, 2024
Payment giant Visa and FPT Corporation, a Vietnamese technology firm, have signed a Memorandum of Understanding (MOU) to advance digital transformation within the government sector. The partnership focuses on modernising government services and improving accessibility, particularly for small and medium-sized enterprises (SMEs). Under the agreement, Visa and FPT will collaborate to enhance the national e-marketplace for procurement, encourage greater SME participation, and improve payment systems
The Fintech Times
DECEMBER 8, 2024
The average UK family is set to allocate over half (53.6 per cent) of their monthly salary, approximately 1,546 based on the national average monthly wage of 2,886, to cover the cost of the festive season. Credit management firm, Lowell reveals that parents are worried their children will adopt these bad habits. The survey explored how much households are relying on credit products like buy-now-pay-later (BNPL) and credit cards to manage Christmas expenses.
Fintech News
DECEMBER 8, 2024
Temasek, a global investment company headquartered in Singapore, announced the establishment of a dedicated private credit platform as part of its strategy to build a “resilient and forward-looking portfolio” This move aims to enhance Temasek ‘s ability to scale its credit and hybrid solutions portfolio and capture global private credit opportunities.
The Fintech Times
DECEMBER 8, 2024
On this week’s episode of News & Views, The Fintech Times Podcast team speak about TransUnion revealing firms are still battling against first-party fraud & Gen Z increasingly borrowing to survive, with many relying on loans from the ‘bank of mum and dad’ Polly kicked off the conversation this week by exploring how lenders are approaching the next generation and their demands.
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
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