January 2024 - Page 15

Big banks are experiencing an increase in commercial lending losses and a decline in deposits, highlighting potential challenges for small and medium-sized businesses (SMBs). JPMorgan Chase reported a 2% increase in net

The recent announcement of Paze, a mobile wallet backed by banking giants like JPMorgan Chase, Bank of America, and Wells Fargo, marks a significant shift for legacy banks in their attitude to

South Africa’s Finance Minister, Enoch Godongwana, has stated that the country’s legal case accusing Israel of committing genocide against Palestinians in Gaza has “global support.” Last week, South African lawyers presented arguments

TLDR: Global Payments has partnered with Commerzbank to create a joint venture called Commerz Globalpay, which will offer digital payment options for German SMEs. The venture will provide German SMEs, particularly existing

The RBI has released a draft framework for self-regulatory organizations (SROs) in the fintech sector. The framework outlines the characteristics, functions, and governance standards that an SRO should possess. The RBI emphasizes

Commerzbank has formed a joint venture with American paytech firm Global Payments to provide digital payment solutions to small and medium-sized enterprises (SMEs) in Germany. The joint venture, called Commerz Globalpay, will

TLDR: Detected, a fintech onboarding startup, has raised £2m ($2.5m) in a follow-on investment round from Thomson Reuters and Love Ventures. The platform is comprised of a case management dashboard that aims

TLDR: Only a few central banks have updated their cyber security and fintech risk policies in the past year, according to the Risk Management Benchmarks 2024 report. The study found that just

The Melbourne-based fintech company Airwallex is preparing for an initial public offering (IPO) within the next two years, according to CEO Jack Zhang. Zhang stated that while there is no immediate plan

This article focuses on the opinion of Ben Zyl, the CEO and co-founder of fintech company Waave, who argues that local venture capitalists (VCs) in Australia are undermining the success of local