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With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and EmbeddedFinance.
Back in 2023, digital wallets accounted for 82% of China’s e-commerce spending and 66% of physical purchases, totalling around US$7.6 In 2023, credit card payments comprised 52.2% EmbeddedFinance Hailed as the Future of Fintech The embedded payments market is expected to reach a global transaction value of US$2.5
According to Statista , fintech in Latin America (LatAm) suffered in 2023, with less than $2billion invested in fintech ventures a drastic drop from 2021s value of $6billion. What are some embeddedfinance trends were seeing in Brazil, and how do they differ from Mexico and Guatemala?
Take, for example, the AI-driven payment screening tool the bank launched in 2023. Plugging In: Embracing embedded banking A few years ago, banks werent exactly rushing to embrace embeddedfinance solutions, much like they were initially hesitant about the cloud. Now, its a different ball game altogether.
Embeddedfinance is becoming the default across industries, turning non-financial platforms into financial providers. And Open Banking, once a rallying cry, is finally moving towards its Open Finance destiny. Embeddedfinance Is now the norm The fastest-growing financial brands in 2025 often aren’t banks.
CredibleX is integrating Mastercards Small Business Credit Analytics (SBCA) API into its embeddedfinancing platform to enhance SME credit access in the UAE and EMEA region. Working capital financing platform CredibleX announced this week that it has partnered with Mastercard.
Open finance represents more than an incremental step beyond open bankingit is a structural shift toward interconnected financial ecosystems, with major implications for product development, partnerships, and customer ownership in the digital payments space. As of 2023, account-to-account (A2A) transactions in the U.S. reached $1.1
The acquisition brings together two major players in API-based financial innovation, aligning with Fabrick’s broader mission to enable embeddedfinance across the region. Fabrick , Italian company operating in the Open Finance industry, has completed the acquisition from SCHUFA Holding AG. billion in 2023 and could exceed €8.6
According to Statista , fintech in Latin America (LatAm) suffered in 2023, with less than $2billion invested in fintech ventures a drastic drop from 2021s value of $6billion. In addition to real-time payments, we’re seeing embeddedfinance play a huge role in making financial services more accessible.
PwC’s Digital Banking Survey 2023 confirms this challenge. Banks are seeking growth through integration with broader financial ecosystems and adjacent non-financial platforms through open banking, embeddedfinance, and partnerships.
Airwallex is a global payments and financial platform for modern businesses, offering solutions to manage everything from business accounts, payments, and spend management to embeddedfinance. Its customer base grew by 50% in 2024 to 150,000 businesses worldwide, including BILL, Bird, Brex, Deel, Rippling, Navan, Qantas, and ZipHQ.
What This Means for the Fintech Ecosystem For fintech innovators and ecosystem players, the intersection of travel and digital finance offers new ground for experimentation. Embeddedfinance for travel : Insurance, BNPL, or even trip financing via digital platforms could further boost domestic travel.
Liberis , a global embeddedfinance platform, has partnered with Fincompare , the German small business broker marketplace, to bring its revenue-based financing solution to over 25,000 small and medium-sized businesses (SMBs) across the country.
In my deep dive into the embeddedfinance landscape, I sought insights from payment experts about the opportunities for banks and fintechs in the B2B embedded payments space and the hurdles businesses face when integrating embedded payment systems. million US small businesses and corporate cardholders. Ron Karpovich, J.P.
The companies aim to help financial institutions modernise legacy systems and adopt models such as embeddedfinance and Banking-as-a-Service. This builds on a partnership that began in 2023, when FPT supported audax’s product development and rollout efforts in Asia Pacific.
Recognised as one of Asia’s fintech unicorns, Airwallex offers various financial services, including cross-border payments, global business accounts, and embeddedfinance solutions. InCred Finance Valuation: $1.04 DMI Finance Valuation: $3 billion DMI Finance, an Indian shadow bank, is backed by $338.5
International transfers often meant “expensive, slow and inefficient service, reliant on outdated infrastructure,” as Wise’s 2023 report bluntly puts it. Historically, this market was dominated by big banks and legacy remittance providers relying on an antiquated correspondent banking network.
Most recently Neil was a trader at Triland Metals and he rejoins Britannia having been at the firm between 2019 and 2023 as a base metals sales trader. Ortec Finance has expanded its board with the appointment of two new members.
Benjamin Gammel, Brexs new President & former CFO ii) High cash burn rate: The company experienced a significant cash burn, averaging about $17 million per month in the fourth quarter of 2023. Despite a 32% increase year-over-year, the majority of that growth occurred in the first quarter.
Amid rising fraud, emerging technologies like embeddedfinance, AI, and stablecoins, and intensifying global competition, the Financial Conduct Authority (FCA) faces mounting pressure to recalibrate its approach to regulationor risk holding back the very sector it aims to protect. Read More
Competitive Pressure from Digital-Native Challengers Fintech startups and embeddedfinance providers built on cloud-native infrastructure consistently outpace traditional institutions in product innovation cycles. Harnessing our collective wisdom to make banking better.
The initiative is a key move after the Australia Post-managed POLi, a popular instant payments system utilised by travel merchants in Australia, closed in 2023. Free Headlines in your E-mail Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Additionally, Checkout.com noted a 176% rise in total processing volume in the UAE from 2023 to 2024, alongside a 320% growth in daily online shopping since 2020. According to a recent report by Checkout.com titled The State of Digital Commerce in MENA 2025, Account Funding Transactions (AFTs) have increased by 388% year-on-year in the UAE.
A standout USD $658 million Series D in 2023 signalled continued investor confidence. DMI Finance USD $1.13 Billion Based in New Delhi and operating since 2008, DMI Finance is not your typical consumer-facing fintech brand. The company raised a total of USD $458 million across seven rounds , most recently in June 2023.
More information on the rideRTC Rewards Program launch According to the official press release, the program was developed through RTC’s partnership with Masabi, which launched the agency’s Open Payments fare collection system in December 2023.
billion by 2027, with e-commerce businesses alone anticipated to incur an estimated $48 billion in losses to online payment fraud in 2023. The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. Problem 1: Mistrust in Sellers. Problem 2: Mistrust in Buyers.
In his role, Batra will have a focus on commercialising the capabilities delivered via the new Mashreq NEO CORP platform covering cash management, collections, documentary trade and supply chain finance, as well as further developing the business in all international markets. It follows the initial acquisition in September 2023.
In 2023 alone, 98% of institutions reported their compliance costs increased over the prior year , with over one-third citing ever-escalating regulations as the primary driver. For instance, firms in EMEA spent $85 billion on AML efforts in 2023 and compliance can average ~19% of a financial firm’s annual revenue.
The expansion follows the successful launch of Klarnas Gift Card Store in the US in 2023, and the UK launch in July 2024. Fairless has served as ClearBanks CFO and group board member since January 2023. McManus will also remain as co-chair of the Innovate Finance Unicorn Council.
In 2023 alone, 70% of all UK online purchases were made via mobile phones, while over 90% of in-store transactions used contactless. A UK Leadership Opportunity The UK has a proven track record of leading in payments innovation - from contactless adoption to the rise of challenger banks and embeddedfinance.
billion by 2027, with e-commerce businesses alone anticipated to incur an estimated $48 billion in losses to online payment fraud in 2023. The Federal Trade Commission (FTC) alone documented nearly 266,000 cases of online shopping and negative review scams in 2023. Problem 1: Mistrust in Sellers. Problem 2: Mistrust in Buyers.
Revolut has grown significantly since its inception, reaching 2,5 million customers in 2023 and increasing its annual revenue by 72% to GBP 3.1 The company is also aiming for worldwide expansion with ten banking licence applications in progress at the moment, while retaining its global headquarters in London. billion, while growing profits.
In 2023, Ant launched a share buyback plan that reduced its valuation to about US$79 billiondown significantly from its US$280 billion peak prior to its aborted listing. In 2023, Ant Group restructured its business and established independent boards for three key subsidiariesAnt International, OceanBase, and Ant Digital Technologies.
He succeeds Mark Fairless, who was appointed as Group Chief Executive Officer in March, having previously served as Group CFO since 2023. Samper will lead the organisation through its European expansion, as well as its next phase of international growth.
In 2023, Wegmans started testing smart cart technology from Shopic at two stores. Last fall, the grocer piloted smart carts at three stores, including Perinton and Pittsford in New York, where the grocer confirmed it is currently testing smart carts, the Democrat & Chronicle reported.
This April, The Fintech Times is focusing on all things embeddedfinance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embeddedfinance has to offer and overcome across the globe.
And it’s all thanks to embeddedfinance and embedded fintech. Embeddedfinance isn’t entirely a new concept. Airline credit cards, payment plans for costly items, and car rental insurance are forms of embeddedfinance that have been around for a while. Everything is done under one platform.
” The power of embeddedfinanceEmbeddedfinance is one term that has generated a significant amount of interest and excitement across the fintech industry for a number of years. Colella discussed why she believes this hype is justified and how embedding payments could positively impact the global economy.
In the past few days, Alloy announced partnerships with commercial lending platform Numerated and embeddedfinance and payment solutions provider Sonovate. billion) was lost to financial criminals in 2023 alone. These days, more and more companies are getting the message. The report discovered that $1.5 billion (£1.17
The new Altery embeddedfinance service, the Altery Payment Bot, will provide Telegram users with a seamless payment option they can use on daily digital interactions. In 2023, Telegram generated $45million, primarily through its Premium service.
These trends include ecosystem banking, generative artificial intelligence (GenAI), and embeddedfinance, a new report by PwC India and ASSOCHAM says. For non-financial services businesses, embeddedfinance allows for enhanced customer loyalty, new revenue streams and improved customer experiences. billion by then.
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