Robocash Finds Latvia and Estonia Lead P2P Development, Displacing the UK From Top Spot
Robocash, the Croatian-based investment platform, has identified the Baltic states to be a hot spot for peer-to-peer (P2P) lending. Forty-three per cent of the 49 platforms examined are based in the region following the high demand of “Eastern” projects which required Western European investor funds. The platforms are spread out across 18 countries over a […]
Mondu Launches B2B Digital Trade Account to Ease Frequent Buyer Challenges
Mondu, a B2B payments company, has launched a new payment solution: Digital Trade Account. Mondu’s new product offering enables B2B merchants and marketplaces to provide their business customers with a trade account, allowing them to consolidate several purchases within a pre-set period into one statement. Buyers settle their bill at the end of the pre-set […]
OneID Enables Sumsub to Launch Non-Document Verification in the UK
Sumsub, the full-cycle verification platform, is enabling its customers across a variety of different industries to onboard new users using official bank records. This has been made possible by Sumsub’s Non-Document Verification solution which remains compliant with UK, Nigerian, Brazilian, Argentinian, Indonesian, Ghanaian, Bangladeshi, Indian and Dutch regulations. The latest country using the feature, the […]
KPMG Highlights Jordan’s Banking Sector Stability Despite Global Challenges in Latest Publication
KPMG Jordan, the audit, tax, and advisory service provider, has released the second publication in its annual series: ‘Banking Perspectives: Jordan 2023’, titled ‘A new era of banking’. The multinational accounting organisation highlights the consolidated financial performance of the region’s banking sector in 2022. KPMG Jordan has detailed the impact of rising market interest rates […]
EBANX Furthers Expansion into Africa; Adding 8 new Countries to its Ecosystem
EBANX, the global tech company specialising in payments for rising markets, is expanding its operations to eight more countries across the African continent. This strategic expansion by EBANX follows its successful entry into the African market in September 2022, when it established operations in South Africa, Nigeria, and Kenya. The new countries added to the […]
Temenos Delves into World of CBDCs as Report Reveals Digital Payment Tendencies
A new report from Temenos, the banking platform, has revealed the move to digital is firmly upon us. Cash is on the decline with 24 per cent of US adults admitting to never or rarely using it. A further 58 per cent believe all payments to be digital in the future. In light of the […]
Behind the Idea: Swan
In the past, embedding banking services into business products has proved to be a difficult task; especially for smaller businesses. However, times now appear to be changing as more options become available, easing the process. One such firm providing better options is Swan, an emerging European Banking-as-a-Service (BaaS) and embedded finance leader. In this week’s Behind […]
Bank of England Interest Rate Unchanged in Light of Falling Level of UK Inflation; Industry Reacts
The Bank of England has officially revealed that it plans to leave interest rates unchanged – ending a consecutive streak of 14 base rate hikes. On Wednesday 20 September, the Office for National Statistics revealed that inflation in the UK fell to 6.7 per cent in August – from 6.8 per cent in the year to July. […]
NMI: Why Big Tech Payment Offerings Fail to Meet Every Merchant’s Needs
While big tech companies have recently become major players in the payments space, their offerings may not always get the job done for all businesses because they can’t cater to all of the niche offerings that more verticalised businesses require. Many businesses look for payment software partners because of the specific capabilities, software expertise, and […]
Froda Utilises Visa Direct Push-Payment Functionality to set ‘new Standard’ for Business Lending
Hoping to enable more seamless payouts and repayments for businesses across Europe, Swedish fintech Froda has joined forces with global payment providers Visa and Checkout.com to introduce push-payment functionality for business lending. Froda has revealed plans to utilise Visa Direct: a processing capability that enables real-time funds transfers to financial accounts using card credentials. While […]
