Fintech

  Since its creation in 2012, Careem, the ‘everything app’, has repeatedly outdone itself, expanding across the Middle East and Africa region to operate in over 10 countries and 70 cities. In its latest announcement, the digital wallet and fintech platform with the app, Careem Pay, has expanded its international remittance service to increase its accessibility […]

As the world turns increasingly digital, it is becoming ever more important for merchants and businesses to embrace data-driven insights to meet customer expectations.  Recognising this, MENA-based payment solutions provider, PayTabs Group, is joining forces with Digital Haze, a consulting firm specialising in cybersecurity, digital financial services, and compliance solutions. By partnering, the two firms are aiming to […]

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future […]

International and local game developers are taking note of the mobile gaming and esports scenes in Saudi Arabia as the market’s value is revealed to be $1.8billion. This is only the beginning though as 67 per cent of the population have classified themselves as gamers. As popularity continues to grow, organisations are looking to establish […]

Mercuryo, the payments infrastructure platform, has launched fiat-to-crypto on-ramp services for four major banks and payment providers in Indonesia, enabling consumers to convert local currency into 40 different digital tokens.  By launching on-ramp services, known as alternative payment methods (APMs), Mercuryo is enabling Indonesians to convert the Indonesian Rupiah (IDR) into the likes of Bitcoin, Ethereum and Tether tokens. Mercuryo […]

Airwallex, a financial platform for businesses, has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer retail investment products. This licence is in addition to the AFSL that Airwallex has held for its payments and foreign exchange business since 2016. The new authorisation marks Airwallex’s move into the […]

Lemonade, the US-based digital insurance company driven by AI and social impact, has marked the eighth consecutive year of giving back to a number of local and global charities selected by customers. As part of its ‘2024 Giveback’, Lemonade donated $2,112,608 to 43 nonprofits globally, supporting causes including healthcare, education, climate, global poverty, and animal […]

UK financial services firms currently spend over £21,000 per hour fighting financial crime and fraud through onboarding and compliance screening processes, according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. In a study of 254 regulated UK financial services firms, LexisNexis Risk Solutions found compliance costs rose by 12 per cent in 2023, with […]

Imagine a future where cars, through the integration of embedded finance, could become ‘intelligent digital tokens’. Tokens which can facilitate payments, financial flow management, data collection and more. Looking to make this future a reality, Toyota Financial Services Italy, the financial division of Toyota Group has become a corporate partner of Fintech District, the international […]

As fintechs and financial services firms turn their attention to cloud technology, many are coming across challenges. These range from information sharing to best practices and beyond. Looking to simplify the cloud adoption journey for firms, the US Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) has published a suite of resources. The report seeks […]