Financial institutions of all sizes have the tools to provide personalized digital money management capabilities, but that doesn’t mean deploying an effective program is simple. That is a key takeaway from a report on Jan. 31 by Personetics and Forrester. It discusses why money management should be vital to the digital banking experience. Personetics’ president […]
Dig below the scary numbers in F-Prime Capital’s State of Fintech 2023; there’s still plenty to be optimistic about. First, with the bad news: safe to say we’re out of the investment burst that saw $1.3 trillion flow into fintech, F-Prime partner John Lin said. The index dropped 70% from its market value high of […]
Nubank officially launched Nucoin this month as part of a loyalty program defined as “revolutionary.” The Brazilian neobank, backed by heavyweight investors such as Berkshire Hathaway, will make its brand-new cryptocurrency readily available to its clients through an airdrop. The term is known in crypto circles as an unsolicited and usually free token distribution to […]
Christine Lagarde, President of the ECB, stated, “Banknotes are part of our economy, identity, and culture.” However, as the world moves further toward cashless systems and the ECB explores, with mounting fervor, the potential of CBDCs, will cash (and the associated payments privacy) continue to hold the same importance? SPACE report shows a shift to […]
The Brazilian Central Bank (BCB) announced today that it would begin testing the pilot project this month for the South American country’s official tokenized currency: the Digital Real. This is one of the most ambitious undertakings of the institution, which has been seeking in recent years to accelerate financial inclusion in Brazil in an unprecedented […]
Silvergate Bank leds the news this week as the California bank focused on crypto appears to be on the brink of collapse. Also making news were Klarna with a huge annual loss, Goldman Sachs looking to seel parts of its consumer finance unit, Marqeta reported solid 2022 results and LendingTree partners with Upgrade to launch […]
Last year was incredibly painful for crypto companies worldwide by almost every measure. Layoffs increased across the industry, and demand for digital assets plunged. The beginning of 2023 has certainly not been easy either, with global firms such as Coinbase and Digital Currency Group downsizing further in the face of the risk-averse market. The industry braces for […]
According to Gartner, increasing demand for customer efficiency in insurance is driving companies to increase their 2023 tech spends. That means stakeholders will reap the benefits of increased automation. Insurers will shift their focus from improving revenue to bettering customer experience and efficiency over the next 12 months. Gartner survey shows focus on CX over […]
To best serve the payment needs of different emerging markets, a company must have a local presence to understand each one’s unique traits. It also helps if you were founded in an emerging market like dLocal. After starting in Uruguay, it expanded to APAC, the Middle East, North Africa, and across LatAm, its SVP and […]
PagSeguro, the Brazilian company specializing in digital payment methods, recently announced its results for the fourth quarter of 2022, registering a net profit of $78 million — representing a 35% increase compared to the same period of the previous year. The annual result reached $307 million, up 12% over 2021, meeting estimated guidance. This was […]