Can Neobanks Revolutionize the Fintech Space?
Neobanks, also known as digital banks or challenger banks, are financial institutions that operate entirely online and frequently do not have traditional brick-and-mortar locations. They have grown in popularity in recent years as a result of their ability to provide innovative financial services and products that meet consumers’ changing needs. Neobanks are able to provide […]
Fintech Funding Down 50% in 2022. Will 2023 Be Better?
According to CB Insights’ 2022 State of Fintech Report, global fintech funding slumped by 46% to $75.2 billion in 2022. During the last quarter of the year, the industry generated $10.7 billion in funding, which is its lowest since 2018. The decline in funding comes even as the total number of deals signed during the […]
Clearsky Network Relaunches Marketplace after almost 2 Years
Clearsky Network, a provider of electronic business solutions, has relaunched the Clearsky Network Marketplace which connects businesses and investors across various markets, including the forex and brokerage industry, for transactional and investment purposes. The Marketplace, which seeks to “enable efficient and approachable ways for doing and expanding businesses and deal-making worldwide,” was first launched by […]
What is Fintech as a Service (FaaS)?
Fintech as a service (FaaS) is not a new designation or trend. Fintech is an umbrella term for financial technology which in essence refers to any software app tailored to: · Help automating and enhancing user experience in financial services. · Make administrating financial operations easier for managers and business owners. Accordingly, FaaS can be […]
Startup Atlantic Money Accuses UK Fintech Wise of Targeting Its Business
Atlantic Money, a UK money transfer service startup, has accused fintech company Wise (formerly TransferWise) of stifling fair competition by yanking it off its price comparison sites. The startup in a letter written to the UK Competition and Markets Authority (CMA) accused Wise of “creating a substantial barrier to entry for cheaper and more innovative […]
Plum Fintech Enters 5 New Countries in Europe
Plum Fintech Limited, trading as Plum, has expanded its footprint in Europe by launching services in five countries: Italy, Portugal, the Netherlands, Greece, and Cyprus. The platform is already available in the United Kingdom, France, Spain, Ireland, and Belgium. The fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating […]
How Fintech Accelerates the Growth of Numerous Industries
A good business cannot exist without profits, and the foundation of profits is a secure and convenient payment mechanism. If a company cannot make and receive payments on time, it will be unable to cover its operating expenses. Despite apparent progress in the financial system, not all legitimate businesses can access high-quality financial services in […]
The Role Of ITAD In Fintech IT Asset Management
Information Technology Asset Disposal (ITAD) is the process of disposing of outdated or obsolete electronic equipment in a responsible and secure manner. It is an important part of any fintech IT asset management strategy because it helps organizations manage their electronic assets throughout their entire lifecycle, from acquisition to retirement. Some Key Facts about the […]
Canadian Fintech Nuvei to Buy US-Based Paya for $1.3 Billion
Nuvei, a Canadian fintech company has agreed to buy Paya, an Atlanta-based integrated payments provider in a deal worth approximately $1.3 billion. Nuvei will pay USD $9.75 in cash per share, the companies announced in a statement released on Monday. While Nuvei offers next-generation payment infrastructure and payout options, Paya provides commerce solutions to help […]
5 Fintech Trends You Might Have Missed for 2023
The Fintech space has been growing consistently across the board for the past years while these trends for 2023 are likely to continue as many uncharted waters are still left to explore. As competition increases, fintechs need to find their own space in the digital world, meaning differentiation through unique, user-centric value propositions. With changes […]