Merchants Will Spend $28B on Financial Crime Prevention Software in 2027: Report
Juniper Research estimates that global spending on financial crime prevention software tools will rise from $22.1 billion in 2023 to over $28.7 billion by 2027
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Fintech Kwara Raises $3M Seed Extension, Partners Over 4,000 Credit Unions
Kenyan fintech Kwara, which turns analogue credit unions into modern digital banks, has raised a $3 million seed extension, preparing for the enormous expansion
Seoul Government Opens City’s First Metaverse Project
According to Seoul’s mayor, Oh Se-hoon, the new virtual environment will allow residents to access official documents, file complaints, and receive help with filing taxes.
Alibaba Sells Stake in Paytm
Chinese e-commerce giant Alibaba Group has sold a 3.1% stake in Indian digital payments company Paytm.
TikTok ByteDance Launches Payments With J.P. Morgan
J.P. Morgan works with TikTok’s parent company ByteDance on payment technology.
BNPL Demand Soars in UK
Demand for BNPL (Buy Now Pay Later) solutions rose across all age groups in the UK, as living costs increase
BigCommerce Partners Vyne for A2A Payments
Vyne and BigCommerce partnered to enable e-commerce merchants to improve their sales in a cost-effective way
Fidelity Buys Shoobx
Fidelity Investments acquired Shoobx, a provider of automated money management operations and software for financing private companies.
Axis Bank Partners OPEN for Fully Digital Current Business Account
One of the largest private sector banks in India – Axis Bank – partnered with the digital banking enterprise, OPEN, to provide a fully native digital current account for its business customers
BR-DGE Announces Three-Year Partnership with Visa
Through the partnership, BR-DGE will gain access to open network provided by Visa, expanding the scope of its digital commerce products
BNP Paribas Invests in Fintech
BNP Paribas has become the latest banking giant to invest in AccessFintech.
FlexxPay Partners ADCB to Offer Payroll Services in UAE
This new alliance gives UAE companies an opportunity to provide their unbanked employees with complete digital bank accounts using the FlexxPay app with access to ADCB payroll services
CIBC Launches Money Management Tool
Canadian Banking and Financial Services Corporation CIBC announced the launch of CIBC Smart Planner, a digital self-service tool.
Greenlight Launches Financial Literacy Game for Kids and Teens
Fintech company Greenlight Financial Technology, Inc. announced the launch of Greenlight Level Up, an interactive financial literacy game.
UK Fintech Funding Slashed by 8%
Fintech funding in the UK remained ahead of the levels seen in Europe and Asia amid a sharp global slowdown, but still decreased about 8% compared to its 2021 value
Tanzanian Fintech Company Nala Launches Business in EU
The Tanzanian fintech company Nala announced the start of work in 19 countries of the Eurozone.
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