LendingClub (NYSE: LC), a small-cap fintech stock trading under $20, has shown remarkable performance year-to-date (YTD), solidifying its unique position in the financial technology sector. The online lender has seen a substantial 70% rise in its stock value, which includes a significant 19% jump
Banking-as-a-Service (BaaS) has transformed the financial industry by allowing non-banks to offer banking features through partnerships with FinTech companies and traditional banks. This model's convenience is a significant advantage, but recent actions by U.S. regulators like the Office of
Mangopay has clinched the prestigious Fraud & ID Verification Award at the 2024 Global FinTech Awards, reflecting its groundbreaking advancements in the field of financial technology. This accolade underscores Mangopay's commitment to combating online fraud and enhancing identity
In a groundbreaking move, Progmat and Datachain have jointly filed a patent application for an international remittance system utilizing stablecoins, dubbed "Project Pax." Announced publicly on September 5, 2024, this initiative is poised to revolutionize the landscape of cross-border
Nasdaq has unveiled a groundbreaking machine learning methodology specifically designed to revolutionize risk calculations and predictive analytics within the financial services industry. Integrated into the Calypso platform, this innovative technology promises to enhance the processing of complex
In the ever-evolving world of finance, Siam Commercial Bank (SCB), one of Thailand’s leading financial institutions, has embarked on an innovative journey to revolutionize cross-border payments through the adoption of stablecoins. This initiative not only promises to enhance efficiency but also to p
The finance sector has undergone a profound transformation due to the rapid advancements in technology over recent years. Emerging technologies like automation, artificial intelligence (AI), and blockchain are continually reshaping traditional financial practices, rendering them more efficient and
The Bank for International Settlements (BIS) has announced the launch of Project Aperta, an ambitious initiative aimed at transforming the landscape of global trade finance. This project seeks to address the current frictions and exorbitant costs that plague international trade, particularly for
Choosing the right digital wallet can significantly impact your financial management and daily transactions. This guide explores some of the top digital wallets available, highlighting their unique features, benefits, and ideal use cases to help you determine which one best suits your financial
London-based B2B SaaS company Diesta has achieved a significant milestone by securing $3.8 million in a Seed funding round. FinTech Collective, a renowned venture capital firm based in New York, led the funding with additional participation from Commerce Ventures, Restive Ventures, and SixThirty.
