Card Spending Grew Just 4.1 Percent in 2023 as Barclays Reveals the Top 10 Consumer Trends of 2023
- 2 years 1 month ago
- Personal Finance, Payments
Consumer card spending increased just 4.1 percent year-on-year in 2023 – noticeably lower than the growth seen in 2022 (10.6 per cent) – as Brits cut back on new clothes, eating out and home improvements amid rising inflation and household bills. However, consumers continued to prioritize moments of joy and shared experiences, boosting travel, entertainment, and pubs & bars.
Invest Qatar Launches Ai.SHA, an Azure Open AI GPT-Powered Chatbot
- 2 years 1 month ago
- Artificial Intelligence, PaaS
The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop AI.SHA is an innovative AI-powered assistant harnessing GPT capabilities through the Azure OpenAI service. This groundbreaking initiative positions Invest Qatar as one of the first investment promotion agencies (IPA) in the world to adopt advanced technology, paving the way for transformative changes in professional interactions between investors and...
Circle Secures Conditional DASP Registration and Appoints Head of French Operations
- 2 years 1 month ago
- Payments
Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés Financiers’ (AMF)).
Tameed Platform Closes Series A Funding Round of $15 Million Led by Alromaih Investment Group
- 2 years 1 month ago
- Fundraising News
Tameed Digital Lending Platform, which offers shariah-compliant Government Purchase Orders Financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75M (USD 15M) led by Alromaih Investments.
AppTech Successfully Boards its First International Airport Onto its Newly Acquired FinZeo Platform for Payment Processing
- 2 years 1 month ago
- Payments
AppTech Payments Corp., a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, announces Reno International Airport as the first international airport to adopt its newly acquired FinZeo platform, which manages all financial transactions and payments within the airport’s facilities. The Company anticipates additional airports to fully adopt the platform in the coming weeks.
StoneX Announces Adoption of Swift’s Payment Pre-validation Service
- 2 years 1 month ago
- Payments
StoneX is delighted to announce that it is one of the first financial organizations to enable Swift’s new leading-edge solution for cross-border payments. Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition. Swift has consistently played a pivotal role in facilitating such transactions, connecting a vast network of financial institutions as well...
OakNorth Welcomes Lord Adair Turner as Its New Chairman
- 2 years 1 month ago
- People Moves
OakNorth – the neobank for entrepreneurs by entrepreneurs, today announces the further strengthening of its board with the appointment of Lord (Adair) Turner, as its Chairman.
Hakbah - Saudi Arabia’s Leading Decentralised Savings Platform - Partners with Mena’s Leading Open Banking Platform - Tarabut
- 2 years 1 month ago
- Payments, PaaS
Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation.
Young People Turning to Buy Now, Pay Later to Bankroll Christmas
- 2 years 1 month ago
- Lending, Personal Finance
Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring.
The P2P Market Demonstrates “Non-Random” Randomness
- 2 years 1 month ago
- Lending
Robo.cash analysts studied the exposure of the continental European P2P lending market to the randomization effect. The analysis included 54 European platforms with available statistics on reinvestment volumes. "We ran nearly two dozen statistical criteria to detect patterns such as trend, cyclicality, and seasonality. The absence of these patterns is the main feature of randomness." - platform specialists explain the approach.
Visa Partners with Tencent and Alipay for Seamless Digital Payments in China
- 2 years 2 months ago
- Payments
Visa, a major player in the world of digital payments, has announced an exciting partnership with Tencent and Alipay, two leading internet and technology companies in China. This collaboration aims to empower Vietnamese travelers visiting China by allowing them to link their Visa cards to digital wallets, including Weixin Pay (also known as China’s local wallet of WeChat Pay) and Alipay.
Sezzle Board of Directors Authorizes US$5 Million Stock Repurchase Program
- 2 years 2 months ago
- Investment
Purpose-driven digital payment platform, Sezzle, today announced that the Company’s Board of Directors (the “Board”) has authorized a stock repurchase program of up to US$5 million of its outstanding shares of common stock on the Nasdaq Capital Market.
Citi Appointed as Depositary Bank for ZKH Group Limited ADR Program
- 2 years 2 months ago
- Banking
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair, and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program.
Velmie Unveils New Software Platform for Syndicated Investment Firms, Revolutionizing the US Market
- 2 years 2 months ago
- PaaS
Velmie, a wealth management technology provider, announces the launch of its new software platform built exclusively for syndicated investment companies operating in the US real estate sector. The platform is poised to redefine the landscape of syndicated investments, leveraging modern technology and unparalleled features to streamline operations and elevate customer experiences.
FlexTrade and LSEG Collaborate to Deliver a Fully Integrated FX Solution
- 2 years 2 months ago
- Trading Systems
FlexTrade Systems, a global leader in multi-asset execution and order management systems, and LSEG have today announced a partnership to deliver FlexTRADER EMS clients seamless access to FXall, LSEG’s leading electronic trading platform for global currency products. The move is designed to support regulated FX flows and further enhance the capabilities of FlexFX as part of FlexTrade’s buy-side multi-asset trading platform.
