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Today, Evervault, the pioneering data security company, launched into the payments space with an independent payments security platform. The modular platform gives fintechs, banks, and merchants total control over their payment stack, without sacrificing compliance or security. This enhanced flexibility empowers companies to accelerate their business growth, geographic expansion, and product development.
A primary concern for financial institutions today is managing market risks while at the same time ensuring the institution’s profitability and regulatory compliance. There is a high level of risk exposure that banks have been imposed to, due to the significant fluctuations In interest rates over the past 12-18 months.
Money20/20, the world’s leading fintech show and the place where money does business, concluded three industry-changing days of fintech conversations, networking and impactful industry nights on April 23rd- 25th at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand.
Over 3m people across the UK admit they have been forced to borrow from illegal lenders in the last 12 months, reveals research from responsible lender Creditspring.
A third (31%) of people in the UK say they currently feel stuck and that there is nothing they can do to improve their financial situation** – this has led to almost one in twelve (6%) UK adults to borrow from an illegal lender in the past 12 months.
Cover Genius, the leading insurtech for embedded protection, today announced its $80 million Series E funding round. Despite the tech funding slowdown, the round was led by Spark Capital with support from existing investors, including Dawn Capital, King River Capital and G Squared.
Mastercard has collaborated with ABHI, an embedded finance platform backed by Hub71, to strengthen financial payments landscape across the UAE. Through this collaboration, ABHI will offer its users access to the Mastercard-powered Salary Advance Cards, thereby enhancing the accessibility of international and domestic online payments for ABHI’s Earned Wage Access (EWA) users.
The way people pay and get paid has changed more in the past five years than in the last 50. Consumers have evolved, adapting to new payment experiences – from the advent of embedded, digital commerce to the rapid adoption of “the tap.” Today at the annual Visa Payments Forum in San Francisco, Visa unveiled new products and services that will revolutionize the card and address the future needs of businesses, merchants and consumers and the financial institutions that serve them.
Despite Britain announcing last week that it is officially out of recession, Brits are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge.
