Fintech

At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t retrieve their money, that sponsor banks and other FinTechs have walked away from relationships with the funds … and even that other firms are facing existential threat, there’s one theme that’s emerging: The […]

Leading UK bank HSBC partners with Saudi-based fintech Geidea to launch its Omni Collect ecommerce payments solution in the UAE Leading UK-based financial institution HSBC has announced the launch of its new ecommerce digital payment platform, Omni Collect, in the UAE. The platform, produced in partnership with Saudi-based fintech Geidea, will be available to corporate customers via […]

Discover strategies for digital lenders to reduce loan delinquency risks through advanced algorithms, loan payment protection, and alternative data sources Mitigating the risk of loan delinquency as a digital lender requires a multifaceted approach, blending technological innovations with robust risk management strategies. The risk of default payments to digital lenders is serious, which is why […]

Starling’s SaaS platform Engine could generate hundreds of millions of pounds a year for the UK digital bank, propelling it towards a £10 billion valuation, predicts investor Chrysalis. Engine is an API-based, cloud native platform initially built by Starling’s own in-house tech team to run the UK bank. In 2022, Starling began offering Engine to […]

After starting the year at a five-year low, France may be in a position to lead venture investment in the EU out of the dark ages. The country has emerged as a rising star in Europe’s active financial technology (FinTech) sector, attracting a surge of venture capital investment that is fueling the growth of startups […]

Spanish global payment processor PayRetailers announced its acquisition of Transfeera for an undisclosed amount, pending approval from Brazil’s Central Bank and Administrative Council for Economic Defense. PayRetailers will absorb Transfeera’s 450 clients and 62 employees, bringing its headcount to 550 employees worldwide across 10 different offices. Transfeera offers a payment API for businesses, helping companies validate bank account details, […]

The US Securities and Exchange Commission (SEC) has approved the sale of spot Ether Exchange-Traded Funds (ETFs). A welcome surprise for the crypto market? In what is being called a surprising move, the US Securities and Exchange Commission (SEC) has approved the sale of spot Ether Exchange-Traded Funds (ETFs). The approval comes after the SEC […]

Banks tightened their lending standards and terms on credit cards in the latest quarter, more than for similar products like consumer loans and auto loans. Cardholders faced higher required minimum credit scores and experienced more difficulty getting loans approved if they didn’t already have qualifying credit scores. The Federal Reserve’s Senior Loan Officer Opinion Survey (SLOOS), […]

Rinesh Patel, Global Head of Financial Services Industry at Snowflake, says finserv companies should be proactive in their approach to DORA The Digital Operational Resilience Act (DORA) comes into force in January 2025, the EU’s upcoming regulation intended to boost the resilience of financial organisations against ICT-related incidents. The upcoming regulation is expected to set […]

Buy now, pay later services — or BNPL for short — are now beholden to some of the same rules as credit card providers. On Thursday, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule that classifies BNPL services as credit card providers and requires them to investigate disputed purchases, among other things. BNPL […]