Dopay, a fintech company focused on providing digital banking solutions to unbanked and underbanked populations, has successfully raised $13.5 million in a Series A extension funding round. Leading the investment was Argentem Creek Partners, with support from existing investors, marking a
Mastercard has unveiled an innovative contactless payment solution that could transform the way we conduct financial transactions. This new technology, leveraging biometric authentication via palm scans, is poised to phase out the need for physical wallets, cards, and even smartphones when making
Open banking has emerged as a transformative force in the retail payment landscape, offering numerous advantages for both consumers and retailers. Facilitated primarily at the retail checkout stage, this financial innovation leverages banking credentials to streamline transactions, reduce costs,
Open Banking is revolutionizing the financial sector by offering unprecedented access to consumer data via APIs, enabling third-party providers to develop innovative financial services. However, its true potential lies in achieving global interoperability, which remains a significant challenge.
Fraud has been a persistent and evolving challenge for financial institutions. With the rise of digital banking and online transactions, the landscape of fraud has become more sophisticated, necessitating advanced solutions. Enter Artificial Intelligence (AI) and Machine Learning (ML), heralding a
Amid the backdrop of an escalating battle against financial crime, an ingenious approach is taking shape within the corridors of international banking. Swift, the nerve center for global financial messaging, has rolled up its sleeves and stepped into the ring to combat a formidable
In a decisive move to hasten the growth of Insurance Systems Inc. (ISI), NexPhase Capital has stepped in with a strategic private equity investment. While the exact figures were kept under wraps, what's crystal clear is ISI's intention to leverage these funds to significantly reinforce
In the quest to foster financial inclusivity within the education sector, Scolaris Finance and Sopra Banking Software (SBS) have aligned their innovative spirits and technological savvy. This strategic fusion is destined to address a stark need: extending financial bridges to students and educators
The global surge in digital transactions has been met with innovative security solutions, among the most pivotal is Visa's tokenization. A bold step taken ten years ago, Visa introduced a technology that has since reshaped the e-commerce landscape. Tokenization not only enhanced transaction
The world of cryptocurrency is abuzz with speculation and forecasts, particularly following the bold pronouncement of noted macro investor Raoul Pal. His vision of a future where the crypto market cap explodes to an unfathomable $100 trillion by 2029 sets a landscape rife with optimism and
