Aveni Raises $14 Million
The fintech company Aveni, which is based in the United Kingdom, announced that it managed to raise investment funds for $14 million.
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RBI Fines Payment Operators Including Visa
The Reserve Bank of India (RBI) imposed penalties on Visa, Manappuram Finance, and Ola Financial Services for non-compliance.
One-Fourth of UK Payments are Contactless
During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month
JPMorgan Reportedly Launches In-House Chatbot
The media reports that JPMorgan Chase has begun the process of implementing its own digital product based on generative artificial intelligence.
Digital Marketing Startup Plaiced Acquires Precursor Ventures-Backed Clutch
The Plaiced online social network has acquired the Clutch marketplace, which provides digital marketing services to consumers.
MNT-Halan Raises $157.5 Million
MNT-Halan, a fintech startup based in Egypt, has announced that it has managed to raise $157.5 million in investment funds.
Fintech Ecosystem of Oman
The fintech ecosystem in Oman is developing at a fast pace, promoted by regulatory support, innovative financial institutions, rapidly growing startups, and overall technological advancements. This article will cover the key segments and players in the Oman fintech ecosystem.
HSBC & SBF to Help Singapore Businesses Expand to Greater Bay Area, India, and the Middle East
Due to the fresh partnership, businesses in Singapore will be able to leverage global HSBC network and solutions for international expansion and net-zero transition.
Raidiam revealed as headline partner of Open Banking Expo Awards 2024
London, UK, 24 July 2024 – Open Banking Expo is pleased to announce Raidiam as headline partner of its Awards scheme, which recognise the innovators, trailblazers and visionaries from across the Open Banking, payments and Open Finance ecosystem.
Revolut Gets Long-Awaited UK Banking License
Revolut startup, which operates in the fintech industry, on Thursday, July 25, announced the receipt of a banking license in the United Kingdom.
Mastercard Rolls Out AI to Combat Card Fraud
Mastercard has presented a new approach to identifying compromised payment cards, which involves using a combination of generative artificial intelligence and graph technology.
Revolut Reportedly to Hit $45 Billion Valuation After Share Sale
The media reports that Revolut is currently preparing for a share sale that would value it at $45 billion.
Visa Says About Effectiveness of AI in Combating Fraud
Visa said that as a result of its activities investing in artificial intelligence and other technologies, last year, through the use of advanced functional solutions to ensure financial security, it managed to block the process of making 80 million fraudulent transactions totaling $40 billion.
GoTo Launches Dira AI Fintech Voice Assistant
Dira by GoTo AI is the first ever AI-enabled fintech voice assistant in Bahasa Indonesia that can help users easily discover GoPay app features and perform various tasks faster.
Brazil’s Central Bank Delays Launch of Recurring Payments Feature
The Central Bank of Brazil has decided to postpone the launch of the recurring payments feature to be added to the instant payment transaction system called Pix.
Mobile Banking to Reach 79% Adoption in US by 2029
Florida is the US state already using mobile banking the most, while many Oklahomans may still prefer traditional banking methods over mobile banking solutions.
