Sun.Jan 14, 2024

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Major Crypto Exchanges Vanish from Google Play Store in India

Fintech News

Following the footsteps of Apple Inc. earlier last week, Google has removed several prominent crypto exchanges from its Play Store in India, according to a TechCrunch report. Among the affected crypto firms are Binance, OKX, Kraken, Huobi, Gate.io, Bittrex, and Bitfinex. The decision by Google comes on the heels of a crackdown by the Indian government’s Financial Intelligence Unit (FIU) which had recently issued show cause notices to nine crypto firms.

Blocks 114
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Carta’s missteps and real estate fintech’s up-and-down week

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at some hits and misses in the real estate fintech space, Carta’s missteps (again), and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The […] © 2023 TechCrunch.

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Swiss Global Enterprise Strengthens Its Regional Presence in Southeast Asia

Fintech News

As of January 1, 2024, Switzerland Global Enterprise (S-GE) has integrated its Singapore and Jakarta locations into the new Swiss Business Hub Southeast Asia + Pacific. This sees S-GE strengthen its regional presence and consulting expertise in the Southeast Asia & Pacific region. S-GE relies on a global consulting approach in both export and investment promotion and has teams located in the markets relevant to its customers.

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Explaining Financial Statement Analysis: A Comprehensive Guide for Lenders

Finezza

A business’s financial statements generally contain detailed information about its assets, liabilities, income, and expenses. Scrutinising these statements helps understand the intricate workings of an organisation and helps assess its financial stability. Financial statement analysis often forms the bedrock for informed decision-making for various stakeholders.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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What to Expect From ESG Trends in 2024?

Fintech News

The year 2023 brought several challenges to the global fintech landscape, including economic uncertainties and geopolitical tensions. Nevertheless, the ESG (Environmental, Social, and Governance) fintech sector in the Asia Pacific region has emerged as a resilient outlier. Despite the prevailing headwinds, ESG trends in Asia Pacific have continued to progress steadily, driven by the imperative to transition towards a low-carbon emission model and the committed support of large corporations.

APACS 108
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Calls for Greater Financial Clarity Around Earned Wage Access Needed Argues AFC

The Fintech Times

The American Fintech Council (AFC), the industry association representing responsible fintech companies and innovative banks, offered testimony before the Washington State House Committee on Consumer Protection and Business recommending key amendments to legislation recently introduced. Phil Goldfeder, CEO, AFC Phil Goldfeder , AFC CEO and former member of the New York State Assembly , appeared in Olympia where he urged legislators to amend legislation.

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What Are Integrated Payments

Exact Payments

Whether you run a SaaS business, platform or marketplace, all online businesses need a secure and convenient way to accept and process payments. But with more competition than ever, and so many SaaS options, it’s crucial that your business continue to find ways to grow. Payment monetization is a form of embedded finance and a method software providers and independent sales vendors are increasingly turning to in order to sustain scalable growth.

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Over 200 DBS Customers Lose S$446K This Year to Sophisticated Phishing Scams

Fintech News

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan). The scams, which have seen a significant rise since December last year, primarily involve SMS phishing, where scammers masquerade as bank officials or impersonate banking entities like DBS or

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What Are Integrated Payments

Exact Payments

Whether you run a SaaS business, platform or marketplace, all online businesses need a secure and convenient way to accept and process payments. But with more competition than ever, and so many SaaS options, it’s crucial that your business continue to find ways to grow. Payment monetization is a form of embedded finance and a method software providers and independent sales vendors are increasingly turning to in order to sustain scalable growth.

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BIS Announces New Leadership for Banking and Monetary Departments

Fintech News

The Bank for International Settlements (BIS) has announced the appointment of Luis Bengoechea as the new Head of its Banking Department and Hyun Song Shin as the upcoming Head of the Monetary and Economic Department (MED). Luis Bengoechea Bengoechea, currently serving as Deputy Head of the Department and Head of Treasury, will succeed Peter Zoellner effective June 2024.

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15 Modern Use Cases for Enterprise Business Intelligence

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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How to Solve Real-Life Problems of Bank Reconciliations (With Examples)

Nanonets

Bank reconciliation is the process of matching the company’s cash ledger with the bank statements. The objective is to scrutinize each transaction and identify any errors or potential fraud. The two ledgers generally don’t match due to factors such as bank fees, interest, outstanding checks, and deposits in transit. These discrepancies must be accounted for in a bank reconciliation statement to represent the current financial position accurately.

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GXS Bank Receives Continued Backing from Grab with US$109 Million Injection

Fintech News

Southeast Asian superapp Grab funneled an additional S$145.10 million (approximately US$109 million) into GXS Bank. This move was made through its wholly-owned subsidiary As-DB Holdings Pte Ltd., according to regulatory filings obtained by DealStreetAsia. GXS Bank, a joint venture between Grab and the Singapore-listed telecom giant Singtel, was one of the first digital banks in Singapore to launch its offerings in September 2022.

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Cash vs. EBIT

The Finance Weekly

Examining a company's financial health is crucial when considering potential investments. One significant aspect to assess is the balance between a company's earnings and its financial obligations. To begin analyzing a company's financial structure, it's helpful to learn about concepts such as ,, Cash ,, and ,, EBIT. This article breaks down the key differences between Cash vs.