Cybercrime is a grave and widespread threat in our digital age. Shockingly, it is predicted to cost the world a staggering $10.5 trillion annually by 2025. It surpasses the combined GDP of major countries like Japan, Germany, and the UK.

The impact of cyberattacks extends far beyond the realm of businesses and governments. It reaches into the lives of individuals who rely on the internet for a myriad of activities.

Fintech Revolution: Should Banks Worry?

Poof Payments, Inc., a leader in web3 crypto payment gateway solutions and MPC blockchain wallets, proudly introduces its "Pay with Anything" feature. This cutting-edge tool enables users to pay invoices with a vast array of digital currencies, including Ethereum, Avalanche, Cardano, Polkadot, and others, while facilitating direct settlements in the invoiced digital asset.

iDenfy, a global RegTech startup offering identity verification and fraud prevention solutions, announced a new partnership with Alphawin, a Bulgaria-based casino and sportsbook operator offering first-class online gaming experience. iDenfy will help onboard new gamers by checking their identities while allowing age-appropriate users to access the iGaming platform’s services.

In the countdown to the opening of the Asian Games, Ant Group is expanding multiple cross-border digital payment options for international travellers as the Official Prestige Partner of Asia's largest sports event in 2023. 

Only a few years ago, I found myself at the helm of FastBitcoins. The company took shape as a promising fintech enterprise, but our path was strewn with various unforeseen complexities and roadblocks that are all too common in this rapidly evolving sector. As I navigated through the ups and downs of the journey, I found myself in the crucible of fintech challenges. Yet, every problem posed a question, and every challenge presented an opportunity to learn and grow.

64 per cent of FinTechs face dissatisfied graduates quitting their grad schemes, according to research from strategic talent solutions partner FDM Group.

35 per cent of employees in financial institutions revealed that their organisation offers a limited graduate scheme, due to the time required to train new staff taking too long.

GUUD Pte Ltd, a cross-border trade facilitation solutions company, has announced the seamless integration of its cutting-edge INFT supply chain financing platform with its award-winning RYTE Multi-Bank Trade Finance Application Portal (RYTE TFAP) in a strategic move to revolutionize the trade finance landscape. this breakthrough integration aims to empower small and medium-sized enterprises (SMEs) by providing them with a wide range of trade finance solutions to enhance their competitiveness in the global marketplace.

Prontoblock, a leading digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to revolutionize the commercial paper market through the tokenization of these financial instruments. 

BharatPe, India’s leading name in fintech industry, today announced the launch of its new Android Point of Sale (POS) terminal. Known as BharatPe Swipe Android, the device offers multiple modes for digital payment acceptance, including debit/credit cards, UPI, mobile wallets and QR code. The company, which had launched Linux-based POS devices in the year 2020, already has a network of over 2 lakh POS machines across 400+ cities in the country, and is one of the top 3 fintech players in the POS category.