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The global financial crisis of 2008-09 resulted in the development of the Bitcoin whitepaper which introduced the world to the idea of blockchain technology and cryptocurrency. Within blockchain, information is stored in several databases (blocks) that are linked together chronologically through cryptographic hashes to form a distributed network (chain). Since its inception the global blockchain market is expected to hit $67.5 billion by 2026.
TripActions, the all-in-one travel, corporate card, and expense management solution, today announced that it secured $400M in credit facilities, consisting of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with a $200M commitment ($300M total Program Limit) and an asset-backed lending facility of $100M led by Silicon Valley Bank. The credit facilities will be used to accelerate the expansion of TripActions’ customer base.
NiuPay, the first Polynesian payment institution approved by the Banque de France, has chosen Skaleet's new-generation Core Banking Platform (CBP) to provide local populations with limited banking access to digital, simplified, and secure financial services.
Navian announced the launch of its new digital solution for development finance in the UK market today. Collaborating with over 70 lenders, Proverest Finance is specially designed to help small to medium-sized property developers access and secure effective funds for their projects.
Teslar Software, provider of lending process automation tools for community financial institutions, today shared commentary on what most significantly impacted the lending landscape in 2022 as well as the primary trends for community institutions to watch for in 2023.
More community banks will embrace indirect lending to diversify portfolios and keep business local.
Big Tech companies have extensive data, power and influence at their fingertips, that as they enter the finance space – it begs the question, are the regulators ready for them?
From baby boomers (born 1946–1964) to Gen Z (born 1997–2010), consumers in each generation have their preferred way of doing things, including how they go about making payments. These payment preferences differ significantly between age brackets, so it’s vital that businesses understand what this means for them and how they can best cater to each generation’s tendencies.
Generational payment preferences
PayMate India Limited (“PayMate” or the “Company”), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains announced that the company has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) subject to the guidelines on regulation of payment aggregators (PAs) and payment gateways (PG) dated March 17, 2020 (“RBI Guidelines”) as updated from time to time.
Adyen, the global financial technology platform of choice for leading businesses, has today announced that it has partnered with KodyPay, the fully integrated ordering and payment platform for businesses. Adyen’s financial technology will support the growth of hospitality businesses by powering seamless payments, data analytics and frictionless finance.
