The global Islamic microfinance industry has reached a significant milestone, surpassing $60 billion in value within the $3.8 trillion Islamic finance landscape. This achievement highlights the growing recognition of Islamic microfinance as a potent tool for poverty alleviation. The industry's potential to bridge financial gaps while adhering to Shariah principles positions it as a viable alternative for fostering financial inclusion and tackling global poverty challenges.

Four in ten (38%) UK small and medium-sized businesses (SMEs) are now taking over 90 days to pay their contract staff, according to new research from Sonovate*, the leading provider of embedded finance and payment solutions for the contingent workforce.

P2P platforms used to take about 5 years to reach key metrics, whereas in current conditions, new companies need just 3 years to do so.

Tezos India, a pioneer in blockchain adoption, announced today that it has partnered with P2P (peer-to-peer) video calling and messaging platform, Huddle. The collaboration combines the innovative capabilities of both entities to create a seamless and decentralised communication experience. The partnership represents a huge advancement in redefining how individuals and companies engage in a digital environment.

In the labyrinthine world of banking and investing, where opacity tends to masquerade as tradition, few are aware that amidst the ebb and flow of financial markets, a significant number of banks and brokers choose to retain the benefits of central bank rate hikes, rather than passing them on to their clients.

Cisco, the leader in enterprise networking and security, and Nutanix, Inc., a leader in hybrid multicloud computing, today announced a global strategic partnership to accelerate hybrid multicloud deployments by offering the industry’s most complete hyperconverged solution for IT modernization and business transformation.

The B2B FinTech company, WALBING, has obtained a Payment Service License from the German Federal Financial Supervisory Authority. This license, only the second of its kind issued in 2023, enables companies based in Germany to provide payment services in accordance with the German Payment Services Supervision Act (ZAG).