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LemFi Acquires London Fintech Pillar to Expand Credit Services to the Millions of Underserved Immigrants in the UK and Across the Globe

Fintech Finance

Pillar’s alternative credit-scoring model uses global credit insights and non-traditional data to solve this, assessing eligibility and helping users build a financial footprint from day one. There have been slight improvements, but we still can’t offer equitable access to bank accounts or credit cards to someone from another country.

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How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.

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Vanquis Pledges to Redirect Ineligible Customers to Fair Finance for Benefit Assessments

The Fintech Times

Fair Finance , a non-profit social business tackling financial exclusion, has teamed up with Vanquis , a specialist finance provider for financially underserved customers, to launch a new decline referral scheme. This follows calls from regulators and the government for a collaborative approach that prioritises customer well-being.

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Embedded Finance Is Making Payments Easier for Everyone Across Asia

Fintech News

In simple, layman’s terms, embedded finance is when financial services – like payments, loans, or insurance – are integrated directly into non-financial platforms. Open banking and APIs will continue to drive innovation, enabling even more seamless integration of financial services. Financial inclusion will remain a key focus.

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Instapay Technologies and Mastercard Make Cross-Border Money Movement Simpler in Malaysia

The Fintech Times

With access to more than 95 per cent of the worlds banked population, Rajnish Kumar , co-founder and CEO of Instapay Technologies, commented: This collaboration enables us to leverage Mastercards vast global payment network and cross-border transfer expertise. They can also conveniently track payments, fees and estimated delivery times.

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QR Code and Instant Payments Drive Cambodia’s E-Commerce Surge

Fintech News

year-over-year (YoY), according to the National Bank of Cambodia (NBC). Wing Bank, TrueMoney among most used services for e-commerce payments Findings from the study featured in the Profitence report further underscore the rapid rise of digital payments and digital banking in Cambodia. million transactions in 2023, up 28.7%

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How is Senegal Leveraging Fintech to Overcome Major Inclusion and Economic Challenges?

The Fintech Times

However, in recent decades, the government has engaged in efforts to diversify the economy to include other agricultural products, as well as non-agricultural sectors such as tourism and natural resources like oil, gas, and gold. Historically, Senegals economy has centred around agriculture, particularly peanuts.

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