Fintech

Visa, a global leader in digital payments, hosted its first Open Payments Session in the Kingdom, bringing together regulators, subject matter experts, merchants, and financial services representatives to explore best practices and thought leadership shaping the future of payments. The forum focused on the evolving landscape of digital payments, driven by increased smartphone penetration and […]

Crypto exchange Bybit, is launching a new physical Bybit Card in Brazil, following the success of its virtual offering which aims to remove barriers to everyday crypto sending.  Bybit users in Brazil can now pre-register interest, with free card issuance on offer for a limited time. The crypto exchange has explained that it continues its mission […]

EY, the accounting firm, has published its second ‘European Financial Services AI’ survey, revealing that only nine per cent of respondents think they are ahead of the artificial intelligence (AI) and generative AI (GenAI) curve.  The report had responses from over 100 firms across the European financial market (with an aggregate market cap of almost […]

Offa, an Islamic property finance fintech in the UK, has acquired an Alburaq Sharia-compliant home finance portfolio from the Bank of Ireland in a landmark deal for an undisclosed fee. Through the acquisition of the Alburaq portfolio, which includes over 350 home purchase plans, customers transferred over to Offa will now have access to a wider range […]

JP Morgan analyst Reginald L. Smith noted that 2024 was a tale of two halves for fintech stocks. After a lagging start to the year, the aggregate market cap of the analyst’s fintech coverage universe has increased more than $65 billion since mid-September, fueled by cheerful calendar third-quarter 2024 results and management commentary, two rate […]

FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and dozens of companies backed by his namesake firm, Andreessen Horowitz — were being fundamentally “debanked” by U.S. financial institutions (FIs). “Did you know that 30 tech founders were secretly debanked?” tweeted Elon Musk […]

German fintech 21X, one of the four applicants for a blockchain trading infrastructure permit under the European Union’s DLT Pilot Regime, has secured regulatory approval to launch a tokenization platform. The firm received a license to operate a blockchain-based trading and settlement system regulated by European laws, it announced on Dec. 3. Granted by German financial supervisory […]

The deal will give the building society millions of customers and about £89 billion in assets. First announced in May, the acquisition is expected to complete on 1 January 2025 after Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) approval. The process of joining the two is expected to take several years, with […]

The origins of this digital revolution are traced back to the financial turmoil of 2008, when the global crisis ignited a wave of technological advancements in the finance sector. This upheaval gave birth to a FinTech revolution that promised more than just survival; it promised transformation. In India, a nation brimming with potential yet riddled […]

Payless launches its game-changing Bank-to-Payless feature, redefining youth-friendly mobile payments in Kenya. The feature simplifies direct transfers, reflecting Kenya’s rapid adoption of fintech and mobile banking solutions. With a young, tech-savvy customer base in mind, Payless is positioning itself as the next big thing in African fintech. Swiping Right on Simplicity Kenya’s Payless has dropped […]