In many emerging markets, super apps are transforming how people access essential services. These multifunctional platforms, offering everything from transportation to financial services within a single ecosystem, are redefining daily life. At Gitex Dubai 2024, Mark Walker, the editorial director of The Fintech Times, sat down with Stephen Kruger, the chief technology and product...
There is a rising indifference to agency banks among fintechs, according to ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, which has released research into the attitudes of fintechs towards agency banks, with worrying implications for long-term relationships. The ClearBank report, ‘How well are fintechs served by...
As sustainability and ESG (environmental, social and governance) concerns rise in importance, the digital banking sector is not immune to the shift. Regulatory pressures and growing consumer demand for responsible practices are driving the strategic direction of digital banking, with sustainability and ESG commitments playing a central role. But just...
TAMPA, Fla. — SpaceX launched 20 spare OneWeb satellites Oct. 20 to strengthen the resiliency of French operator Eutelsat’s rival low Earth orbit (LEO) broadband network. Eutelsat said it had successfully contacted each satellite following lift-off on a Falcon 9 rocket at 1:13 a.m. Eastern from Vandenberg Space Force Base,...
The time to make final selections at the last full-sized Kmart in the continental United States is nearly up as the once retail giant turned out its signature blue light in New York. The Bridgehampton store, about 95 miles east of Manhattan, closed its doors for the final time Sunday...
Reuters reports Wise said access to the system will allow it to bypass intermediary banks that process and settle funds in Japan, lowering fees and processing times. If Wise does as it aims, this could increase pressure and competition within the Japanese payments market. According to World Bank data, the cost of...
Reetika Grewal, head of digital, commercial bank and corporate and investment bank, Wells Fargo, and Sarah Lamont, investor, F-Prime Capital, joined Nikhil Lele, banking and capital markets, EY, to discuss the uptake of AI and progress in back office use cases, the importance of partnerships and user-centred design and...
This sell-off looks like a great buying opportunity. As almost every investor knows by now, artificial intelligence (AI) has been driving the current bull market since its start in 2023. The launch of OpenAI's ChatGPT has set off a new arms race in the industry, and generative AI technology could be...
The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols. Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications. However, liquid staking tokens (LSTs)...
PLAY, a platform integrating Web3 technologies into gaming, has partnered with TapNation, in a move hoping to bring mobile games to the forefront of the Web3 movement. Through the new partnership, PLAY plans to expand its ecosystem by integrating blockchain features into popular TapNation mobile games. With 60 million monthly...
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