The social and economic impact of Covid-19 has led to a marked increase in opportunistic crimes of desperation, particularly in digital payments fraud as consumers flock to digital channels to replace or supplement in-person interactions. This rapid shift to digital, which is providing necessary solutions during a time of crisis, is fuelling a surge in payments fraud worldwide. And the threat to companies isn’t only coming from the outside; internal fraud in departments responsible for supplier payments is on the rise, especially with staff working remotely.

What is a Fintech Visa and will it help UK fintech businesses? Read on to find out more…

January 2020 marked the end of the UK’s 47-year membership with the European Union, in a move which left a lot of UK business owners feeling unsettled; particularly within the fintech industry. Little did they know that, in just a couple of short months, a global pandemic would add further challenges into the mix. 

Reports 820% rise in customers during the Republic Day Sale 

Buyhatke launched ‘UseMyCards’, World’s first and only credit/debit card sharing platform. During the Republic Day Sale on leading e-commerce platforms such as Amazon, Flipkart, Myntra etc. UseMyCards witnessed a whopping 820% rise in customers shopping through its website. The number of online transactions also saw a sharp rise of 1060% during the same period.

• Tier-2 and Tier-3 cities cozy up to digital transactions with total transaction volumes seeing a significant average growth of almost 50% in 2021

• India is becoming healthier with fitness related transactions growing by 611% in 2021

• Further to RBI guidelines, the subscription economy in India is booming with E-mandates growing by 225% in 2021

 Just by shopping online, users gain assets with Crypto Back from the SocialGood App, which has now reached a total of 1,615,104 users (as of Jan. 12, 2022). Social Good Foundation Inc. aims to build the world’s largest global platform and to provide financial freedom to all people worldwide through their SocialGood App.

Rebrands and Expands Executive Team As Well

• 40+ new recruits tabled for the next 12-18 months
• 6x increase in software users by 2025
• 162% revenue growth in 2021

Cloud accounting solution business iplicit has appointed six new employees as part of its continued growth trajectory, and it aims to bring a further 40-50 staff on board over the next 12-18 months.

The news follows on from the firm’s recorded 162% year-on-year revenue growth and 11 appointments in 2021 and now brings the company’s total headcount up to 34.

Surecomp® today announced that Rabobank, the second largest Dutch bank, is fully operational with its integrated back and front-office digital trade finance solutions DOKA-NG™ and allNETT™. The bank has also deployed one of its Marketplace partner solutions - the digital adoption platform Walkme™, which is a no-code solution embedded within the front-office solution that enables it to track, measure, drive and guide its customer behavior and use of allNETT™. 

Brokers that reversed the research brain drain in 2021 are reaping the rewards

Substantive Research, the research discovery and research spend analytics provider for the buy-side, today published findings of its latest equity Analyst Mapping study showing that the brain drain in investment research has stabilised.

NALA, a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round.