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Category: Digital Lending and Credit


Banking Tech, Digital Lending and Credit

Beyond a BNPL: Klarna Expands Growth Tools For UK, US and Swedish Businesses

November 13, 2023

Via: The Fintech Times

Specifically, Klarna is expanding its self-service advertising platform, ‘Ads Manager’, in the UK and Sweden. This will enable better engagement between retailers and high-intent shoppers. Then across the pond, Klarna has made ‘Creator Shops’ live in the US, in turn […]


Banking Tech, Digital Lending and Credit

Investree to launch Qatar lendtech hub following $231m Series D

October 9, 2023

Via: FinTech Futures

The round also saw participation from existing Japan-based investor SBI Holdings, and succeeds the platform’s $23.5 million Series C of March 2020, which was led by MUFG Innovation Partners and Bank Rakyat Indonesia Ventures. As part of the round, Investree […]


Banking Tech, Digital Lending and Credit

FinTech Futures Jobs: The top tech jobs on the rise for the future

September 8, 2023

Via: FinTech Futures

In its recent Big Ask survey, “a good job” was the top future priority among 69% of nine to 17 year olds. 37% of this age group said that not getting a good job was a worry, with girls and […]


Banking Tech, Digital Lending and Credit

Koverly Adds BNPL Feature to Roster of Payment Services for US Businesses

August 22, 2023

Via: The Fintech Times

The BNPL feature adds another way Koverly is helping businesses pay each other. This is in addition to reduced foreign exchange rates (up to 50 per cent less) and no wire transfer fees (enabling firms to save up to $40 […]


Banking Tech, Digital Lending and Credit

Upgrade acquires travel-focused BNPL startup Uplift for a song

July 27, 2023

Via: TechCrunch

Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift […]


Banking Tech, Digital Lending and Credit

Britcoin privacy preserved as Bank of England taps Nuggets for identity layer

July 6, 2023

Via: FinTech Futures

The London-based firm says it is working with the BofE to “design a privacy-preserving identity layer” for a possible digital pound. The agreement would see the design and deployment of a secure system that “prevents tracking and correlation of transactions […]


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 […]