Author: yourfintech
Year in, and year out, people continue to wonder how long the crypto hype is going to continue. The volatility of the market keeps leading some to believe that the digital currency’s time has ended. But without fail, it always pops back up again… why?This month at The Fintech Times we will be looking at what makes digital currencies so popular. We will also uncover the emerging alternatives to cryptos and why the digital future looks so intriguing. Rounding out the month, our focus is going to be on quirky currencies, looking at the top-performing currencies of the year, as…
Fintechs Canada is a not-for-profit association. Members range from industry fintechs to fintech-friendly financial institutions. The main initiative of the association is to collaborate with policymakers to guide the growth of the country’s fintech region. This is in addition to educating the public and raising awareness of the benefits of Canada’s fintech sector. Formerly Paytechs of Canada, the revived organisation and its members engage in dialogue regarding the future of financial services in Canada. This dialogue covers payment modernisation, open banking and the digitalisation of money. The association also focuses on the modernisation of anti-money laundering (AML) and terrorist financing…
Novo, a Florida-based banking start-up offering services for small and medium-sized enterprises (SMEs), has secured $35 million from GGV Capital in an extension to its Series B funding round.Novo secures $35 million from GGV Capital The new cash takes its total Series B funding to $125 million following an initial $90 million raise earlier this year led by Stripes and featuring participation from existing investors Valar Ventures, Crosslink Capital, Rainfall Ventures and BoxGroup. The company has now raised more than $170 million in total equity. Launched in 2018, Novo offers digital banking services for SMEs, entrepreneurs, and freelancers, including a…
Financial services in the digital era have undergone a significant transition. Technologies such as AI-driven automation and SaaS solutions are rapidly transforming the way most of us carry out our financial transactions. In fact, the emergence of fintech has significantly reduced the need for people to visit banking institutions in person. However, despite all the tech integration, there is still a lot of discontent among customers when it comes to their experience with banks and other financial service providers. Customer service continues to be below par for even the largest and most reputed institutions, and that’s where Conversation Intelligence emerged…
TD Bank, America’s Most Convenient Bank®, has announced that its credit card program arrangement with Nordstrom, Inc. has been extended. As the sole issuer of Nordstrom’s U.S. Visa and private label consumer credit cards, TD will continue to provide excellent card products and experiences to Nordstrom consumers. “Our teams have built an outstanding working relationship over the past seven years,” said the Head of Credit card partnership programs of TD Bank, David Swift. “We partner with Nordstrom at every level, collaborating closely with leadership while providing tailored support for store teams. We have navigated an unprecedented retail environment together, and…
The US dollar maintained its losses on Thursday as the minutes from the Federal Reserve’s November meeting backed up the idea that the central bank will shift gears and hike rates in smaller chunks from its December meeting. The much-anticipated summary from the Nov. 1-2 meeting revealed that officials were mostly comfortable that they could now move in smaller stages, with a 50 basis point rate increase probable next month following four consecutive 75 basis point rises. “The Fed will be happy to move rates by 50 basis points in December and 25 basis points from the first meeting next…
Global financial services giant Macquarie. in its latest report. has highlighted Reliance’s foray into the financial services space through Jio Financial Services and said it poses a big threat to Paytm and other fintech companies in terms of market growth. Reliance Industries will transfer 6.1 percent of the company’s shares held by a wholly owned subsidiary to Jio Financial Services, which signals a grand ambition with respect to financial services.Jio Financial Services will differ from most of the fintechs, as per the note, as it will have access to huge amounts of data. Macquarie saus that Jio Financial can process…
Neo-banking solutions provider CredoPay ties up with Oman’s largest business conglomerate The Zubair Corporation to start operations in Middle East Chennai, Tamil Nadu, India Business Wire India Leading neo-banking and unified payment acquiring solution provider CredoPay today announced its foray into Middle East. The leading fintech enabler launched its services under the brand name SalisPay in Muscat, capital of Oman, last week. SalisPay is a joint venture with Oman Computer Services LLC, a 100% subsidiary of Omans largest business conglomerate The Zubair Corporation (TZC). TZC has businesses in a wide range of industries including technology, infrastructure, investments, real estate, tourism,…
Fintech firm Progcap, which provides corporate-led financing solutions for small and mid-size businesses (SMBs) in India, disbursed over Rs 3,000 crore in credit during this Diwali season. This is a growth of 300 percent from the preceding year, above the nearly 4x scaleup that the company saw in 2021. The Google-backed company, founded by Pallavi Shrivastava and Himanshu Chandra, also turned profitable this quarter. Progcap, that works towards facilitating loans for businesses which do not otherwise have any formal credit record, has provided last-mile credit solutions of over Rs 10,000 crore, working with over 800,000 small and medium-sized business. The…
Stocks open mixed in Asia on Monday as investors continued to focus on the outlook for global interest rates and Covid in China. Indian markets will likely take cues from global developments when they open on Monday. Domestic metal stocks will, however, be in focus as the government cut export duty on steel. India’s benchmark indices snapped four-week gaining streak to end lower on the week thro Read more at: https://www.bqprime.com/business/stocks-to-watch-zomato-jet-airways-engineers-india-pb-fintech-sheela-foam?utm_source=JioNews&utm_medium=referral&utm_campaign=JioNewsCopyright © BQ Prime U.S. stocks ended with a slight gain on Friday after shrugging off Federal Reserve warnings that there was more policy tightening to come. Oil futures fell…
