Friendly fraud is emerging as a significant challenge in the fintech industry, exacerbated by the surging popularity of e-commerce. As consumers increasingly turn to online platforms for their shopping needs, instances of family members falsely denying purchases have surged, presenting a myriad of
In a significant move to bolster its decentralized finance and Web3 offerings, OKX Wallet has integrated with XOX Labs, a reputable multichain DeFi and Web3 solutions provider. This integration offers OKX Wallet users seamless access to XOX Labs' cutting-edge suite of decentralized
In the ever-evolving landscape of the North American insurance sector, technological innovation is not just an advantage but a necessity. Sapiens International Corporation is making significant strides with the launch of the latest version of its CoreSuite for Property & Casualty (P&C).
In the evolving world of fintech, Arch Lending is making waves with its recent $75 million funding round aimed at enhancing its crypto-backed loan platform. Founded only in 2022, this New York-based startup is poised to capitalize on the burgeoning market for cryptocurrency-collateralized loans.
As the fintech sector undergoes a rapid transformation fueled by technological advancements like artificial intelligence (AI), blockchain, and cloud computing, the role of Global Capability Centers (GCCs) has become more prominent and complex. These centers now handle vast amounts of sensitive
In an exciting development for travel enthusiasts, NatWest Group has partnered with global payments leader Visa to introduce a new travel credit card that provides significant benefits for UK consumers. This launch comes at an ideal time as travel activity experiences a resurgence post-pandemic.
Mobile payment systems have undergone an extraordinary transformation, becoming indispensable tools in today's digital economy. Born in the early 2000s, these systems gained significant traction with the advent of smartphones and mobile internet, turning the once-niche technology into a global
In recent weeks, the global cryptocurrency market has observed a remarkable surge, driven by a confluence of economic, political, and market-specific factors. These dynamic influences are setting the stage for both excitement and cautious optimism among investors. Recent developments have
DBS Bank has made groundbreaking strides in using blockchain technology to streamline the disbursement of government grants in Singapore. During the Singapore Fintech Festival 2023, DBS, in collaboration with Enterprise Singapore and the Singapore Fintech Association, piloted a blockchain-based
State Street, one of the world's largest custody banks, has made a strategic decision that could shape the future of financial assets. By opting to prioritize the tokenization of traditional assets over direct cryptocurrency custody, the bank navigates a complex regulatory landscape while
