Fintech

Throughout the last two years, AI has exploded in popularity. The biggest buzzword for consumers and corporate businesses alike, the tech is promising to have an impact in every sector. Because of this, UAE retail investors now appear to heavily favour AI over big tech firms, according to new data from trading and investing platform eToro. […]

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA), are set to finalise plans for a new licensing regime for fiat-referenced stablecoins (FRS), to combat associated financial stability risks. On 17 July, the two regulatory bodies jointly issued the conclusion of their legislative proposal to implement a regulatory regime for FRS issuers […]

The Saudi Central Bank (SAMA) has introduced Naqd – a government banking services platform – to provide government agencies with a secure and efficient platform for managing financial transactions. This platform enables government agencies to access their accounts at the central bank and carry out financial transactions securely on a digital platform. This initiative is […]

Jordan’s leading banking provider, Jordan Kuwait Bank (JKB), is partnering with payments giant Mastercard and B2B SAAS solution provider FOO to launch a new prepaid multicurrency wallet, eliWallet. Developed by JKB, eliWallet offers both virtual and physical cards for multicurrency transactions. It also offers a timely method of payment for customers, enabling them to carry out transactions more easily, whether in-store, using […]

Haruko, the digital asset investment management platform, has expanded into Southeast Asia following a $6million Series A funding round. By expanding into the region, Haruko will be helping Southeast Asian institutional investors engage with digital assets in a secure and regulated environment. The expansion also consolidates the firm’s global presence, having secured over 50 investment […]

Moody’s, the credit analysis and performance management platform, has launched a new Early Warning System using generative AI (genAI) to monitor investors’ portfolios and alert them of any impactful headlines. Monitoring the welfare of an investment has historically been a time-consuming and often arduous task, requiring employees to be constantly checking headlines and alerts about […]

Singapore-based fintech startup Qashier has launched ‘Treats’, a new payment-linked loyalty programme enabling customers to earn points by paying with their linked cards. Since piloting the loyalty programme with 7,000 customers in June 2024, Qashier merchants have seen an average of 26 per cent increase in customer purchases and an increased return rate of customers within an […]

Insurance companies in Australia and New Zealand have faced issues with payment collections in the past which have resulted in costly fees and lost time. Looking to alleviate these pain points, ICE InsureTech, the insurance software platform is partnering with GoCardless, the bank payment company. The new partnership will allow ICE customers to benefit from […]

The American Fintech Council, the industry association representing responsible fintech companies and innovative banks, has welcomed new recommendations regarding buy now, pay later (BNPL) but warns that providers need more time to ensure compliance. In May 2024, the Consumer Financial Protection Bureau (CFPB), the independent agency of the US government responsible for consumer protection in […]

What do consumers want and value the most when paying? Security (60 per cent), privacy (41 per cent), speed (38 per cent) and efficiency (34 per cent). While some offerings may favour one of these factors over another, open banking tailors to all of them. Nonetheless, a lack of education means people are reluctant to […]