Fintech Start-Up Niyo Rolls Out ESOP Buyback Plan
- 4 years 2 months ago
- Covid-19, Payments, Banking, FinTech StartUps
With business crossing pre-covid level and operating profit in sight, Niyo, India’s premier digital banking fintech has announced an ESOP buyback plan to reward its employees. This program announced today will benefit 100+ employees who have completed two years in the company.
Latest Data Shows One in Five Workers in Micro Businesses Are Furloughed
- 4 years 2 months ago
- Covid-19
Micro businesses could face additional hurdles in recovering from the Covid-19 pandemic compared to larger firms due to a greater reliance on the furlough scheme and a lack of confidence in seeking financial support, according to new research by iwoca.
COVID is Changing the Face of the Fraud Economy as Amateur Attacks Surge
- 4 years 2 months ago
- Covid-19, Digital Identity, Fraud Detection, Risk Management
Onfido, the global identity verification and authentication provider, is today launching its Identity Fraud Report 2020, which reveals that the risk of identity fraud has increased significantly with attacks occurring more frequently since the start of the pandemic.
NatWest Sees Rise in SMEs Seeking Advice on Toughest Business Decisions
- 4 years 2 months ago
- Covid-19
NatWest has published data today that shows a marked increase throughout 2020 in small businesses seeking advice on redundancy, furlough and absence, in the wake of coronavirus lockdowns and restrictions.
Lock Til We Shop: People Spend 7% More and Shop Nearly Twice as Much Online While in Lockdown
User data from* Yolt, the award-winning smart money app reveals today that consumers spent 7% more on average, across the two periods of national lockdown, despite the closure of many non-essential stores. The data found that while people made savings in some areas, such as travel and transport, they spent significantly more occupying themselves at home.
Shoppers Move Online to Support Local High Street During Lockdown
- 4 years 2 months ago
- Covid-19, E-Commerce
UK shoppers are increasingly choosing to shop online at their local high street businesses over major national retailers, according to data published today by ShopAppy.com, the online platform connecting customers to their local high streets, supported by Visa and NatWest.
In the Wake of COVID-19, Majority of Banks Say Payment Technology is an Arms Race They’re Unprepared For
Marqeta, the global modern card issuing platform, today released the second part of its European Banking report, based on a survey of 200 European banking executives, about the challenges they are facing when trying to respond to the greater need for payments innovation in the wake of the COVID-19 pandemic. According to the findings, 94% of bank executives say that payments have become a “technology arms race,” enabling them to gain a... more
Coronavirus Pandemic Cited as Top Risk to Financial Stability in 2021 According to New DTCC Survey
- 4 years 2 months ago
- Covid-19
The Coronavirus (COVID-19) pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by The Depository Trust and Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, with nearly one third (31%) of survey respondents citing the pandemic as the top risk, with two thirds (67%) citing it as a top 5 ris
EPA Publishes New Insight to Explore the Current State of Financial Exclusion in the UK and Inspire Action
The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today published its new insight that explores some of the issues that young and elderly age-groups in the UK face when it comes to accessing financial services. The research, released on the day that England is released from its second lockdown, also highlights some of the inclusivity initiatives and solutions that are currently offered by... more
Fintech Leaders Optimistic for Quick Recovery Despite Covid-19 Impact
- 4 years 2 months ago
- Covid-19, FinTech StartUps
A majority of senior fintech professionals say Covid-19 has had a negative impact on the industry, but many are more optimistic about the future now than they were at the start of the pandemic, according to a report released today by research and content agency Pensar Media.
Investment in derivatives post-trade set to soar
- 4 years 2 months ago
- Covid-19, Trading Systems
95% of tier 1 and 2 banks plan to invest more in derivatives post-trade operations over the next three years than in the last three, a major study by Acuiti has found. Almost half of tier 1 and 2 banks are expecting to invest more than $5m over the next three years in long-awaited upgrades to post-trade processing capacity.
OutSystems Selected as a Winner of the AWS Partner Network’s Regional 2020 Partners of the Year Awards
- 4 years 2 months ago
- Covid-19, IT Innovations
As part of the AWS Partner Network Awards 2020, OutSystems, a global leader in modern application development, was named AWS Technology Partner of the Year and AWS Social Impact Partner of the Year - Iberia, Portugal.
Future Success for Banks Will Be Driven by Balancing Physical and Digital Services
Faster service (23%), smaller queues (26%) and longer opening hours (31%) are among customers’ biggest asks of their bank branch, new research from Diebold Nixdorf today reveals. But with 41% consumers saying they would be comfortable to engage with all banking services via an app, it is vital that banks respond to the full spectrum of customer needs - balancing and evolving their offerings on multiple fronts.
RazorpayX Partners with Visa to Launch Corporate Cards to Help SMEs Weather Covid-19
Razorpay, the newest FinTech Unicorn and India’s leading full-stack financial solutions company, and Visa (NYSE: V), the global leader in payments technology, today announced the launch of RazorpayX Corporate Cards. These bank-issued cards will help provide relief and stabilize the financial operations of severely impacted business owners of startups and SMEs, who are grappling with a chaotic economic environment.
Comviva Wins Four International Awards for mobiquity® – COVID-19 Response
- 4 years 2 months ago
- Covid-19
Comviva, the global leader in providing digital solutions, has won the 2020 Glotel Awards, 2020 Telecoms World Awards,
