In its 2024 Benchmark Report, finance platform Demica finds 55% of global banks have seen asset growth negatively impacted by rising interest rates Leading fintech and supply chain finance platform Demica has released its 2024 Benchmark Report, finding that 55% of global banks have seen asset growth negatively affected by rising interest rates. In addition, […]
Fintech
A Century of Payment Innovation: The Journey of Payment Cards
Tracing the Origins of Card Payments Card payments are on a path of tremendous growth: in 2022, global card networks processed a whopping 624 billion transactions, marking a growth of 7.5% compared to 2021. Today, payment cards reign supreme as the preferred method for in-store purchases worldwide, accounting for over 50% of all transactions, and cash is […]
Evaluating the Role of AI in Personalized Payment Experiences
Artificial Intelligence (AI) is more than just a buzzword, it’s an indispensable tool in creating and enhancing digital financial systems. Companies should seriously consider deploying AI to develop personalized payment experiences for customers. Dynamic pricing, targeted offers, and chatbots are among the tools that can help consumers throughout each stage of the payment process. Implementing […]
Why PayPal’s Cross-Border Stablecoin Solution Should Be Bigger News
When PayPal recently announced that its cross-border money transfer platform, Xoom, would now support the PayPal USD (PYUSD) stablecoin, reactions were largely muted. While PayPal’s history with crypto has been somewhat shaky, it’s clear that the company is taking deliberate steps to fuel cryptocurrency adoption. PYUSD is a stablecoin that is based on the U.S. dollar, and […]
Colombian fintech OnePay raises $1.3M in pre-seed round
Colombian fintech OnePay secured $1.3M in a pre-seed round from angel investors. With the funds, OnePay will enhance its payment integration platform on WhatsApp. OnePay specializes in B2B payment solutions. Its platform integrates directly with WhatsApp, streamlining payments by eliminating intermediaries. Founded in 2023 by Andrés Silva, Camilo Fonseca, and Manuel Herrera, the fintech handles over 15 million monthly transactions for Colombia’s […]
Rising Cases of Wire Transfer Fraud Targeting U.S. Consumers
If a credit card number gets stolen and used for unauthorized purchases, the expectation is for the bank to make things right. But in the case of wire transfer fraud draining a bank account, victims may not receive the protection they expect. Criminals commit transfer fraud by obtaining valid transfer codes, often through deception or […]
Airline Rewards Could be Grounded if Credit Cards Forced to Cut Fees
Over the past few years, there has been a consistent campaign to lower the fees credit card companies charge merchants. That campaign scored a victory with the recent $30 billion settlement that Visa and Mastercard agreed to pay retailers. Because rewards cards like airline miles cards generally charge higher processing fees, they have become the […]
Bitcoin halving may lead to price drop
On April 20th the bitcoin halving will take place, which is set in the cryptocurrency’s technology to cut the rate at which bitcoin is created. The event happens every leap year and is eagerly anticipated by crypto enthusiasts. The halving is intended the underscore the value of bitcoin by capping its supply and increasing its […]
German Federal Bank LBBW in Crypto Partnership With Bitpanda
Germany’s largest federal bank, LBBW, signs a strategic partnership with Bitpanda to onboard investing-as-a-service infrastructure for crypto custody. Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, has signed a strategic partnership with Bitpanda to leverage its investing-as-a-service infrastructure to store and procure cryptocurrencies including Bitcoin and Ethereum. LBBW’s latest collaboration comes as it aims […]
Fintech 10x Banking and Deloitte Sign US, UK Alliance
Cloud-native SaaS core banking platform 10x Banking partners with Deloitte in US and UK strategic Alliance Agreements, creating 10x Centres of Excellence 10x Banking, the cloud-native SaaS core banking platform, and Deloitte have announced strategic Alliance Agreements in the US and UK to strengthen cooperation in delivering technology-enabled transformation to financial institutions worldwide. The alliance […]