Voice-based payments are new but could change how we shop. Users can now begin payments in chat or message conversations, turning regular interactions into fast cash transfers. With an emphasis on the Unified Payments Interface (UPI), the Reserve Bank of India (RBI) intends to include AI in digital payments. Known as “Conversational Payments,” the idea … Read more
In my first article of a new series on the FinTech industry, I explore how, in 2023, the FinTech investment market has become more selective, with venture capitalists investing in FinTechs that adhere to strict financial and performance standards in response to the recent economic developments. This is an indication of sharpened focus rather than … Read more
French embedded finance startup Swan raised 37 million euros ($39.6 million) in a series B investment led by European venture capital giant Lakestar. The latest fundraise takes Swan’s total money raised to 58 million euros. Accel, another venture capital firm, previously led Swan’s series A round in 2021. Swan will initially use the money to … Read more
Tue To, Manager at Edgar, Dunn & Company, dives into the ways in which BigTech giants are reshaping finance, blurring boundaries, and disrupting traditional banking with innovation and embedded financial services. In today’s rapidly evolving technological landscape, the convergence of innovation and finance has opened the door to a new era of possibilities. Advancements … Read more
Global financial technology company Circle has partnered with Latin American fintech Mercado Pago to bring USDC to Chile. The partnership comes in the context of Latin America emerging as a prominent centre for digital finance, marked by a robust developer community, extensive backing for financial innovations, and a growing demand for digital currency as … Read more
Flagstar Bank revealed the fintech graduates of its latest MortgageTech Accelerator program, which is designed to assist startups whose work aims at driving innovation in home lending technology. Hailing from the East and West Coasts, the four companies going through the accelerator specialize in processes related to facilitating the renter-to-homeownership pipeline, audit review and compliance, … Read more
The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture. The Digital Dollar Project’s objective is to conduct research and explore possibilities of Central Bank Digital Currency (CBDC) in the US. CBDCs would be backed by the Federal Reserve, making them more … Read more
In the wide expanse of the digital financial universe, cryptocurrencies shine as pioneering assets, challenging the traditional framework of economics and ushering a shift in financial transactions. They are the vanguard of financial innovation, democratizing monetary power through decentralization, and introducing an unprecedented level of transparency and security via blockchain technology. However, the world of … Read more
EL PASO, Texas, December 1, 2022 (Newswire.com) – Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, today announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated corporate note … Read more
No Spyware $s Did President Joe Biden order the replacement of the U.S. dollar with a trackable spyware version of digital money that will give the government control over the bank accounts of all Americans? No, that’s not true: None of that language appears anywhere in the order, a spokesman for the U.S. Treasury told … Read more