Fintech has transformed the banking sector, offering innovative solutions for managing finances. However, a series of high-profile incidents have raised concerns about the safety and reliability of these digital platforms. As consumers, it’s crucial to understand the risks and take steps to safeguard our wealth in this evolving industry. Even established fintech companies are not…
Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its tech group, reflecting the growing similarities between the two industries, Bloomberg reported. “FinTech payments and software are bound to intersect,” said Kevin Brunner, chairman of global M&A and global head…
QNB has announced its certification of Noqoody Payment Services’ cutting-edge Point-of-Sale (POS) solutions. This strategic partnership underscores QNB’s commitment to advancing digital innovation and enhancing the payment ecosystem in Qatar. Noqoody’s advanced POS technology, now certified by QNB, represents a major advancement in transaction solutions, designed to meet the evolving needs of businesses across the…
On 22 and 23 October, FinTech LIVE will continue to expand its inspirational event series by hosting a captivating event- FinTech LIVE London Global Summit. Those who attend will be able to listen to motivational keynotes from industry experts, participate in fascinating workshops and listen to engaging panel discussions. FinTech LIVE London Global Summit will…
Kamala Harris pledged to provide Black male entrepreneurs with one million forgivable loans of up to $20,000 to help them get their businesses off the ground in collaboration with the Small Business Administration, bolstering their potential and removing barriers for this group. According to the Massachusetts Institute of Technology, Black Americans are twice as likely…
Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, has signed a strategic agreement with Zand, the UAE’s first fully licensed all-digital bank. This collaboration aims to provide Fintechs and emerging players with AFS’s cutting-edge processing services and Zand Bank’s BIN Sponsorship and banking facilities, enabling…
Saudi Vice Minister of Finance Abdulmuhsen Alkhalaf revealed that the number of fintech companies in the kingdom reached 224 by the end of the second quarter of this year, surpassing the program’s target for the same quarter, which was 168 companies. He indicated that the goal is to increase this number to 525 companies by…
Bahrain FinTech Bay (BFB), a leading hub for financial technology innovation, proudly announced the inception of the MENA Innovation Academy. This initiative is dedicated to cultivating talent, fostering fintech expertise, nurturing an innovation mindset, and enhancing career readiness within financial organizations across the MENA region. MENA Innovation Academy will be established in partnership with the…
European is at the forefront of fintech innovation, transforming the financial landscape across the continent. With a rich ecosystem of startups and established players, these companies leverage technology to enhance financial services, making them more accessible, efficient, and user-friendly. From digital banking and payment solutions to investment platforms and blockchain applications, European fintechs are addressing…
The global fintech market is expected to reach $340 billion by 2024 and over $1 trillion by 2032. This growth reflects the fintech industry’s continuous evolution, which I’ve found is driven by three key elements: artificial intelligence (AI), remote talent and innovative development strategies. AI is at the heart of the next generation of fintech solutions….
