Author: Fady Askharoun
The financial services industry operates in an increasingly dynamic landscape, where digital advancements play a pivotal role in shaping the sector’s future. While technology continues to transform the financial services industry, FIs must strive to…
Pinwheel’s Power of Primacy report shatters some myths about defining primacy while offering a better way forward. The report, which surveyed 200 executives from banks and credit unions with more than $500 million in deposits,…
Digital banking leader Nubank is venturing into Latin America’s travel sector by introducing a new Global Account product together with Wise. Tailored to cater to the financial needs of the bank’s affluent customer base, known…
Revolut, the British-born unicorn, with a whopping 40 million clients globally across 50 countries and a prized banking license for the European Economic Area, has just clinched approval from Mexico’s banking regulator to officially become…
Online banks in Latin America have emerged as competition to traditional banks in the past few years. They were fueled by significant venture capital investments and substantial client acquisitions, and millions have signed up across…
LendingClub released its earnings for the first quarter of 2024 after the bell today, demonstrating a robust performance marked by significant achievements and strategic advancements. Here are some of the details from their earnings report…
Brazilian fintech QI Tech announced a $50 million Series B round extension led by General Atlantic, supplementing its earlier $200 million investment six months prior and catapulting the firm past the $1 billion valuation mark.…
As cybersecurity attacks against financial institutions continue to escalate, banks and other financial organizations must take proactive measures to protect themselves and their data. Here are three strategies they can use to guard against potential…
Over the past few years, many issues have surfaced in the banking and fintech sectors due to the growing complexity of financial crimes. This has resulted in fines for non-compliance, and AML violations doubled in…
Mobile payment rates, active digital bank users, and chatbot deployment are some of the numbers on the rise in a report from Alkami and Cornerstone Advisors. The Digital Banking Performance Metrics report compiles data from…
The collapse of Synapse is a significant blow to fintech. The horrible stories coming out about frozen money for mortgage downpayments, college funds, teenage savings and many more are heartbreaking. People trusted a fintech would…
The banking industry has been shifting its focus more and more to online banking and banking apps over recent years, moving away from face-to-face banking as the British high street continues to dwindle and physical…
AI occupies executives’ thoughts in many ways, according to the results of Sopra Steria’s third annual Digital Banking Experience Report. The report, produced with Forrester and Ipsos, surveyed more than 850 senior decision-makers at global…
As the largest neobank in Latin America with over 100 million clients, Brazilian fintech Nubank, backed by Berkshire Hathaway’s Warren Buffett, has well surpassed the break-even mark, reporting profits exceeding $1 billion. Now, it aims…
A consortium of Argentine banks has formally accused Mercado Libre, often dubbed the Amazon of Latin America, of abusing its dominant market position in the fintech sector. This marks a significant escalation in a longstanding…
Nearly every industry is enamored with generative AI, and fintech is one of the key sectors leading the charge in its adoption. Financial firms can combine generative AI with more established traditional AI capabilities to…
Before Gutenberg developed his printing press in 1436 it could take months or even years for news to spread. Less than a century later, it was only 17 days after Martin Luther nailed his 95…
A world where small businesses run smoother, decisions are driven by data, and delivering top-tier customer value is closer than you think, and it’s being propelled forward by the recent boom in Artificial Intelligence (AI).…
Could AI have prevented the Silicon Valley Bank (SVB) crisis? Maybe not completely, but consumer sentiment analysis could have dramatically reduced its impact. That’s what Constellation learned when it used Aurora, its new AI-powered technology,…
Companies like Hummingbird and Babel Street are successfully applying new technologies to improve the efficiency of long-cumbersome aspects of compliance. By doing so, they have created a potent human/technology mix that improves both performance and…
If artificial intelligence (AI) is properly deployed, it improves credit unions’ fraud decisioning capabilities, Provenir’s EVP for North America Kathy Stares believes. Fraud detection and prevention is a top priority for credit unions as they…
AI tools have flooded the market over the past year, with headlines and public sentiment ricocheting between acceptance, support, opposition, and downright hostility. While we are beginning to see early attempts at regulating generative AI, the technology is continuing…
A new report from Israel-based company builder and venture group Team8 shows it’s a good time to be a fintech startup, provided you do the groundwork. The report analyzes 270 fintech unicorns from 40 countries.…
If a fintech firm with text data at their disposal is not using it to employ natural language processing models – a branch of artificial intelligence that teaches machines to understand, analyze, and generate human…
The class-action lawsuit against Navy Federal has financial institutions revisiting their fair lending practices and considering how AI fits in. For Amount’s director of decision science, Garrett Laird, the conversation is nuanced. According to CNN,…
The use of Generative AI tools is on the rise, and with it has come the emergence of professional certification programs that specialize in Gen AI knowledge and training. Fintech firms—particularly those that tout their…
September 10, 2024 – London, United Kingdom Largest XDEFI token holders confirm 12-month liquidity provision to prove long-term commitment. Ctrl Wallet – a leading self-custody crypto wallet providing access to over 2,100 blockchains – has…
September 11, 2024 – Tel Aviv, Israel Layer three network Orbs has announced that Animoca Brands Japan has become the latest ‘guardian’ to join its ecosystem. The Japanese subsidiary of the global gaming and Web…
September 12, 2024 – Palo Alto, California Super Champs Chain will accelerate growth with new games from builders. Super Champs is already the top gaming ecosystem on Base, with two live games and more to…
September 17, 2024 – New York, New York TBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets. EigenLayer’s adoption of tBTC spotlights tBTC’s role as one…
September 23, 2024 – Tokyo, Japan The game-specialized blockchain Oasys has officially launched a new portal site called ‘VersePort,’ – developed and operated by Double jump.tokyo Co., Ltd. – to enhance user experience and engage…
September 17, 2024 – New York, New York Web 3.0 liquidity layer Orderly Network has announced a bounty program hosted with Google Cloud and Empyreal. The campaign will reward developers building AI agents to trade…
September 25, 2024 – Alberta, Calgary The EOS Network announces the successful completion of its landmark upgrade to Spring 1.0. This upgrade has introduced the Savanna consensus algorithm, marking a new era in performance, reliability…
September 24, 2024 – Miami, Florida Floki is proud to announce that Valhalla, an innovative Web 3.0 play-to-earn game, is in a groundbreaking partnership with Alliance, a leading global esports organization. The partnership with Alliance…
October 1, 2024 – Zug, Switzerland The MYTH airdrop distributes rewards to Polkadot users in a large and transparent airdrop event. Yesterday, the Polkadot DAO and community commenced distributing an airdrop of 10 million MYTH…
September 30, 2024 – Cayman Islands, Cayman Islands Binance has confirmed it will support Lumia’s imminent TSE (token swap event) and it has now been scheduled. Binance’s decision to support the swap will enable ORN…
