Asia’s largest private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earn interest, instead of letting their cash sit idle. Named ADDX Earn, the solution aims to withstand short-term volatility while preserving capital. 

World Finance,  the voice of the market magazine, awarded  ICS Financial Systems Limited (ICSFS)’ Group CEO & Managing Director; Robert Hazboun, in its World Finance Summer 2022 edition, under the World Finance - Islamic Finance Awards 2022, for his Lifetime Achievement in Financial Technology Innovation.

In July, the fast-growing Swedish fintech Moank launched savings accounts with a state deposit guarantee. The unique offering is called Moank Flex.

World trade exceeded $28.5 trillion in 2021, and global e-commerce has played a significant role in achieving this target by reaching a level of $4.9 trillion, equivalent to 17% of the total global trade, according to a UNCTAD report. This is an eye-opening stat, but how the internet economy blows up is true.  

Capital on Tap Has Secured a £200M Funding Facility

Partnerships 

Wearable Tech Pioneer DIGISEQ Partners with AdornPay to Bring Passive Wearable Payments to the Netherlands

NearPay, a crypto finance protocol, has officially launched virtual crypto cards and its Wallet for iOS and Android to bring the modern digital banking experience to the world of crypto. 

Zuora, Inc., the leading cloud-based subscription management platform provider, today announced its planned acquisition of Zephr, a leading subscription experience platform used by global digital publishing and media companies. As an existing Zuora® partner, Zephr’s pre-integrated solution is in use today by joint customers, and will immediately expand Zuora’s product suite.

Australian fintech Afterpay has announced that it will be closing down its Money app in October just a year after launching, saying that the firm’s acquisition by Jack Dorsey’s Block “means our focus is shifting in a new direction”.

Neobanking industry has garnered significant attention as the concept has become popular, with the ease of access to online platforms. Unlike a traditional bank, neobanks operate only through virtual platforms and do not have any physical presence in the form of branches.