Recent data reveals a notable resurgence in fintech funding across Europe, diverging sharply from the broader trend of decreased startup funding in the third quarter of 2024. Despite an overall 35% decline in European startup funding compared to the previous year, fintech startups experienced an
The introduction of open banking is drastically changing the financial services landscape, significantly boosting innovation and enhancing the customer experience. Open banking, driven by regulatory mandates like the Revised Payment Service Directive (PSD2) in the EU, requires banks to open their
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
Every year, the Banking Tech Awards celebrate the best and brightest in the banking technology sector. As the 25th edition of these prestigious awards approaches, industry insiders and enthusiasts are eager to see who will stand out. This year’s finalists reflect a broad spectrum of innovation, l
As the payment services market continues to evolve, two paradigms are making headlines: Open Banking and A2A Request to Pay. These technologies promise to revolutionize how consumers and businesses handle financial transactions. By offering enhanced functionalities and addressing various market
PayNow, the new financial product launched by XTM Inc., holds the promise of transforming the financial stability and inclusivity of migrant and temporary workers in the United States. This article delves deep into understanding how PayNow aims to achieve this and why its introduction is a
