Fintech News
DECEMBER 8, 2024
Cake has become the first digital-only bank in Vietnam to achieve profitability, reaching this milestone 3.5 years after its launch. The digital bank attributes its success to strong growth, with revenue per user increasing threefold since 2023, reaching US$12 in 2024. Cake now serves nearly 5 million customers and processes an average of 400,000 credit applications each month.
Finezza
DECEMBER 8, 2024
The Micro, Small, and Medium Enterprises (MSMEs) sector has emerged as the cornerstone of the global economy, powering 70% of the workforce. According to an IFC report, 63 million Indian MSMEs contribute 30% of the GDP and provide jobs to 110 million people. Despite this, MSMEs often struggle with credit due to limited credit history, […] The post Data-Driven Decisioning: Revolutionising MSME Lending Strategies appeared first on Finezza Blog.
Fintech News
DECEMBER 8, 2024
Coinbase users will soon be able to make crypto payments at a wider range of businesses following a new partnership with Triple-A. Triple A is a licensed provider of crypto payment solutions with a global network of merchants. This collaboration will allow Coinbase users to seamlessly make payments with crypto at select merchants across Triple-A’s extensive network, specifically in industries like fashion, luxury goods, travel, and gaming.
The Fintech Times
DECEMBER 8, 2024
Back again in Dubai for its second edition, the DIFC ‘s Future Sustainability Forum took place in the Madinat Jumeirah over 4 to 5 December, bringing together 3,000 participants to discuss environmental conservation and social equity innovations. The Future Sustainability Forum 2024 addressed critical sustainability issues across eight core pillars spanning different industries including banking and finance.
Speaker: Jason Cottrell and Gireesh Sahukar
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Fintech News
DECEMBER 8, 2024
Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences. This programme brings together various payment service providers to explore interoperability using Swift’s network and enhance payment transparency. The initiative will explore different business scenarios involving end-to-end transaction tracking across banks and payment providers, including e-wa
The Fintech Times
DECEMBER 8, 2024
The average UK family is set to allocate over half (53.6 per cent) of their monthly salary, approximately 1,546 based on the national average monthly wage of 2,886, to cover the cost of the festive season. Credit management firm, Lowell reveals that parents are worried their children will adopt these bad habits. The survey explored how much households are relying on credit products like buy-now-pay-later (BNPL) and credit cards to manage Christmas expenses.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
DECEMBER 8, 2024
On this week’s episode of News & Views, The Fintech Times Podcast team speak about TransUnion revealing firms are still battling against first-party fraud & Gen Z increasingly borrowing to survive, with many relying on loans from the ‘bank of mum and dad’ Polly kicked off the conversation this week by exploring how lenders are approaching the next generation and their demands.
Fintech News
DECEMBER 8, 2024
Temasek, a global investment company headquartered in Singapore, announced the establishment of a dedicated private credit platform as part of its strategy to build a “resilient and forward-looking portfolio” This move aims to enhance Temasek ‘s ability to scale its credit and hybrid solutions portfolio and capture global private credit opportunities.
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