Launched in 2009, Islamic Finance has been the fastest evolving
industry. Fintech is the future of finance and Shariah compliant
fintech solutions are catching up fast. However, while any finance
solution shall be Shariah compliant, a question remains on the added
value of such solutions. Questions such as do we need more Shariah
compliant Buy Now Pay Later and credit applications? Does such an
application encourage people to spend more than needed? Or are they
necessary developments and enhancing the quality of life of Muslims?
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Private equity giants, Carlyle and Advent International have announced their plans to acquire a 10% stake in YES Bank, one of India’s largest private sector banks, as part of a $1.1 billion capital raise.
Australian neobank Up Bank has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years.
Maybuy will create an automated savings plan for users looking to purchase items online. Upon reaching their goal, consumers can decide to buy the item or save the money for another purpose.
Grasshopper, a US digital bank serving SMEs and entrepreneurs, has raised $30.4 million.
Patriot Financial Partners, Endeavour Capital Advisors, FJ Capital Management, Carpenter & Company, and GCP Capital Partners joined the round, which brings Grasshopper's total funding to $160 million.
Today FloQast, a provider of accounting workflow automation software created by accountants for accountants, expanded its role as a Microsoft partner by joining the Microsoft Business Applications ISV Connect program and launching multiple apps on Microsoft AppSource.
We are in a cost of living crisis, with UK inflation at a 40-year high, interest rates at a 13-year high, over 50% hike in average gas and ele
Thanks again for joining us today. Could you please introduce and your role in the company?
Hi, it's great to be here. I'm the founder and CEO of Clausematch and at Clausematch we help regulated companies and regulated industries to comply with regulations and manage compliance content in a modern, compliant and real-time way.
Bybit, the third most visited cryptocurrency exchange in the world, launched a new structured product Bybit Shark Fin for all users on August 1, 2022.
Bybit Shark Fin is a low-risk, principal-protected structured product that affords better capital protection to users as they reap profit. Users deposit their funds into the product and receive a yield based on the performance of the strategy. The underlying strategy utilizes up-and-out call options to generate the yield.
Michaela LeBlanc Weber has joined Mollie as our new Vice President of Partnerships, working to develop and maintain our strong relationships with local and global partners. Michaela will lead the development of our partner network to provide small- and medium-sized e-commerce businesses with access to cutting-edge SaaS-based tools and help them to compete with larger e-commerce competitors.