Finezza
JUNE 23, 2024
As the lending industry becomes more competitive, transparency and accountability in decision-making are critical for a productive and long-term relationship between stakeholders. Customers want to make informed decisions and feel empowered when making a choice. In this scenario, transaction data analysis can strengthen the relationship between lenders and borrowers.
Fintech News
JUNE 23, 2024
GXS Bank, a digital bank supported by Grab Holdings and Singtel, reported a substantial increase in losses for the financial year ending 31 December 2023, as reported by DealStreetAsia. Despite this, the bank experienced a remarkable sixfold increase in net interest income, according to recent regulatory filings. The bank’s losses expanded to S$208.2 million in 2023 from S$131.1 million the previous year.
Finextra
JUNE 23, 2024
Gamification features such as push notifications and prize draws used by trading apps can increase risk taking among users, according to research from the Financial Conduct Authority.
Fintech News
JUNE 23, 2024
Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. While DPT activities in Singapore constitute a small portion of global activities, authorities have noted a rise in reported cases and various ways these tokens can be exploited. Consequently, Singapore is closely monitoring the sector.
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
Finextra
JUNE 23, 2024
Generative Artificial Intelligence (GenAI) has ushered in a new era of technological advancement, br.
The Fintech Times
JUNE 23, 2024
The Australian Securities Exchange (ASX) has introduced a Bitcoin exchange-traded fund (ETF), which is the first of its kind on the platform to be directly backed by Bitcoin. ASX, which handles 90 per cent of Australia’s stock market activity, has listed the VanEck Bitcoin ETF (VBTC). It began trading with initial assets of around A$990,000 ($660,429).
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
JUNE 23, 2024
A survey suggests open banking will surpass buy now, pay later (BNPL) and crypto payments in popularity by 2029. According to emerchantpay research, one in five plan to use it more frequently in the next five years, compared to 14 per cent for BNPL and seven per cent for crypto. Nearly half of UK consumers unknowingly use open banking during checkout, the survey reveals , despite 51 per cent being unfamiliar with the term.
CoinRemitter
JUNE 23, 2024
The concept of oracle plays a very important role in DeFi. Blockchain oracles act as trusted sources of information that feed real-world data into blockchains where automated processes, such as smart contracts, can be executed based on the information provided. As DeFi platforms expand, ensuring tamper-free and accurate data is crucial. Blockchain oracles ensure the integration of real-world data with smart contracts securely.
The Fintech Times
JUNE 23, 2024
Pyypl, a fintech in the Middle East and Africa (MEA) region, has unveiled a major partnership with Visa , enabling it to issue virtual and physical prepaid Visa cards. Pyypl’s Principal Licence membership and strategic framework agreement with Visa also accelerates Pyypl’s international expansion across the GCC and Africa and its mission to democratise access to financial services.
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