New Zealand Regulator Examines AI in Financial Services
New Zealand's financial regulator has released a comprehensive study on the application of artificial intelligence in the financial services industry. The research highlights both the potential benefits and the regulatory challenges posed ... Read More
Japanese Banks Test Stablecoin for Cross-Border Payments
Japanese banks are piloting stablecoin-based cross-border payments to enhance transaction efficiency, cut costs, and integrate blockchain technology into traditional financial systems. This project reflects Japan's commitment to financial ... Read More
Revolut Launches Innovative Bill Payment Solution for Business Clients
Revolut has introduced a new bill payment facility for businesses, enabling them to streamline their payment processes, reduce administrative tasks, and gain better control over expenses. The service integrates with existing Revolut ... Read More
Payment Fraud Hits One in Five Canadian Businesses in the Last Six Months
A recent survey reveals that one in five Canadian businesses experienced payment fraud in the past six months. The report highlights rising concerns about the increasing sophistication of fraud schemes, the financial impact on businesses, ... Read More
UAE Strengthens Financial Crime Regulations with New AML Strategy
The UAE has strengthened its financial crime regulations with a new Anti-Money Laundering (AML) strategy. This strategy introduces stricter reporting requirements, enhances international cooperation, and imposes tougher penalties on ... Read More
Paysharp Receives RBI Nod to Operate as Payment Aggregator
Paysharp, a fintech startup in Chennai, has received authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator. This approval allows Paysharp to enhance its payment solutions for businesses, focusing on small ... Read More
Indian Fintechs Secure Rs 1,400 Crore from Private Credit Firms in H1 2024
In H1 2024, Indian fintechs raised Rs 1,400 crore from private credit firms, driven by the need for alternative funding amid economic challenges. Private credit offers flexible, customized solutions, helping fintechs secure non-dilutive ... Read More
PayGlocal Secures RBI Approval as Online Payment Aggregator
PayGlocal has received official approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This milestone allows the company to expand its services in India, offering enhanced payment solutions and processing ... Read More
Drip Capital Raises $113 Million to Fuel Expansion and Growth
Drip Capital has secured $113 million in new funding to accelerate its growth and expansion efforts. This investment, led by prominent venture capital firms, aims to enhance Drip Capital's capabilities in providing financial solutions for ... Read More
Slovak Customers Gain Access to BLIK’s Payment Services
Slovakia's digital payment landscape is set to transform as BLIK, Poland's popular mobile payment system, becomes available to Slovak customers. With features like instant transfers, secure online payments, and ATM withdrawals, BLIK aims ... Read More