Top

Category: Digital Lending and Credit


Banking Tech, Digital Lending and Credit

Thunes and D360 Bank Partner for Instant Cross-Border Payment

May 25, 2023

Via: The Fintech Times

The collaboration comes as Saudi Arabia‘s digital payments ecosystem undergoes a rapid transformation in line with the country’s Vision 2030 initiative, which aims to increase cashless transactions to 70 per cent by 2025. Through the partnership, D360 Bank customers can […]


Banking Tech, Digital Lending and Credit

FinTech Futures: Top five stories of the week – 5 May 2023

May 5, 2023

Via: FinTech Futures

Apple’s newly launched high-yield savings account has reportedly attracted around $1 billion in deposits within its first week. The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% […]


Banking Tech, Digital Lending and Credit

US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls

May 5, 2023

Via: Bitcoin.com

The U.S. economy is struggling with a trifecta of challenges: soaring inflation, steep interest rates, and a banking industry in disarray. Since Silvergate Bank’s announcement on March 8, 2023, that it would cease operations and liquidate its assets, the country […]


Banking Tech, Digital Lending and Credit

Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director

May 2, 2023

Via: Cointelegraph

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in […]


Banking Tech, Digital Lending and Credit

Mangopay acquires fellow European paytech WhenThen

March 23, 2023

Via: FinTech Futures

Romain Mazeries, CEO of Mangopay, describes WhenThen as “a strategic asset” for the firm’s growth plans. Mangopay, which is a platform-specific payment infrastructure provider, says WhenThen’s payment acceptance technology and “global connectivity”, will help Mangopay “rapidly scale its entire payment […]


Banking Tech, Digital Lending and Credit

Pay.com partners Cross River to drive US expansion

March 23, 2023

Via: FinTech Futures

Cross River provides technology infrastructure such as scalable embedded payments, cards and lending solutions to “millions” of consumers and businesses. The company’s embedded solutions and customisable APIs will be utilised to power Pay.com’s international expansion, giving businesses and merchants access […]


Banking Tech, Digital Lending and Credit

Cyber criminals are targeting digital bill payment: 4 ways to fight back

March 8, 2023

Via: Fintech News

More consumers than ever are embracing digital methods to pay bills. In our research we found that 54% pay using the biller’s website, 33% use the biller’s mobile app, and 8% pay remotely using cash at a retail location. What’s […]


Banking Tech, Digital Lending and Credit

Buy now, worry about it later: the future of BNPL

February 22, 2023

Via: FinTech Futures

BNPL offers a lifeline for some and flexibility for others, and there is an argument that it broadens financial inclusion. Research conducted by Divido in February 2023 suggests that almost three fifths of British consumers (58%) believe point-of-sale (POS) financing […]


Banking Tech, Digital Lending and Credit

What’s Next For BNPL? Industry Reacts to Openpay Receivership

February 9, 2023

Via: The Fintech Times

Openpay announced a new quarterly record in Q2 of FY2023, growing its revenue to A$10.1million. This was in addition to the total transaction volume (TTV) growing by almost 50 per cent to A$126million, in comparison to the previous 12 months. […]


Banking Tech, Digital Lending and Credit

Aussie BNPL fintech Openpay enters receivership

February 7, 2023

Via: FinTech Futures

In an announcement to the Australian Stock Exchange (ASX), the firm says it will “work closely with Openpay’s employees, merchants and customers to urgently determine the appropriate strategy for the business”. It adds customers are currently no longer able to […]


Banking Tech, Digital Lending and Credit

Why 2023 is time for us to tackle financial crime properly

January 30, 2023

Via: FinTech Futures

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]


Banking Tech, Digital Lending and Credit

Buy Now Pay Later Platform Market Size is Expected to Reach ~US$ 70.9 Bn by 2033, Growing at a CAGR of 22.8% for 2023 – 33

January 19, 2023

Via: Fintech News

The Buy now pays later platform market is predicted to increase at a CAGR of 22.8% from 2023 to 2033, from US$ 9.1 billion in 2023 to US$ 70.9 billion in 2033. E-commerce Market Offers Consumer Diverse BNPL Options Customers […]


Banking Tech, Digital Lending and Credit

Orka Card Challenges Traditional BNPL Lending Following Enfuce Partnership

January 12, 2023

Via: The Fintech Times

Until now, Orka Ventures has focused mainly on providing web-based consumer loans. However, with changing consumer demand for more agile service delivery and Orka Ventures’ evolution into a neobank, it will now leverage agile modular processing and compliance capabilities from […]


Banking Tech, Digital Lending and Credit

Pakistan cracks down on sketchy digital lending

December 28, 2022

Via: TechCrunch

Pakistan’s markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. The Securities and Exchange Commission of Pakistan said Wednesday evening that […]


Banking Tech, Digital Lending and Credit

Small Tech Businesses Held Back By Late Payments

December 19, 2022

Via: The Fintech Times

Ninety-three per cent of SMEs in the tech sector are not paid on time for providing goods and services, according to research from alternative funding provider Growth Lending. Its Don’t Bank On It report also reveals that a third of […]


Banking Tech, Digital Lending and Credit

PayPal CEO gives gloomy forecast

December 8, 2022

Via: Payments Dive

PayPal CEO Dan Schulman doesn’t expect the economic environment for e-commerce, a major driver of business for the digital payments company, to improve anytime soon. Reflecting on the see-saw nature of holiday e-commerce in recent years, he noted at an […]


Banking Tech, Digital Lending and Credit

Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says

November 15, 2022

Via: Bitcoin.com

The metaverse and its future adoption continue to be a matter of active research by market forecasting companies. A report issued on Nov. 11 by Technavio, a market research firm, has determined that the market size of the metaverse initiatives […]


Banking Tech, Digital Lending and Credit

More Than Half of UK SMEs Believe Access to Finance Will Become Harder

October 27, 2022

Via: The Fintech Times

The credit environment will be challenging for the foreseeable. Over the next three years, almost half (46 per cent) of SMEs believe accessing credit/finance/borrowing will get more difficult. This level of perceived difficulty rises to 64 per cent for those […]


Banking Tech, Digital Lending and Credit

US-based card start-up Mercantile launches with $22m in hand

October 14, 2022

Via: FinTech Futures

The capital raised includes a $15 million Series A led by Index Ventures, with participation from seed investors First Round Capital, General Catalyst, SV Angel, Operator Partners, Box Group, among others. With the fresh funding, Mercantile plans to further its […]


Banking Tech, Digital Lending and Credit

UK fintech GoHenry lands $55m in fresh funding round

October 13, 2022

Via: FinTech Futures

Existing investors Edison Partners and Revaia took part in the round and Italian paytech Nexi joined in as a new investor. With the fresh capital, GoHenry intends to fuel its global expansion, with plans to launch Pixpay (which it recently […]