Discussions on Central Bank Digital Currencies (CBDCs) have so far mostly focused on the potential risks that these currencies could represent for financial intermediation and financial stability. It is important, however, to also consider how they could contribute to the welfare of citizens, and how they can be leveraged to help uphold certain democratic values.…
by Timur Sırt The domestic financial technology initiative Dgpays received significant investment from prominent European institutions, namely the French venture capital fund Truffle Capital and the European Bank for Reconstruction and Development, with a valuation of $600 million In 2024, they kicked off with significant momentum for financial technology ventures in Türkiye, where prominent investment…
BlackRock, Refinitiv, Acuity Knowledge Partners, NOMURA HOLDINGS, INC, Aspiration Partners, Inc., Bank of America, BNP Paribas, Goldman Sachs, Senken, and HSBC Group, among others, are some of the players operating in the global market. According to a new market research report published by Global Market Estimates, the global green fintech market is projected to grow…
In 2023, the U.S. financial services sector faced a year filled with challenges and opportunities as high consumer spending persisted amidst inflation and rising interest rates. Community banks, in their quest to remain competitive against national giants, have turned to technological innovation and digital transformation as key strategies for growth. This shift is highlighted by…
NayaOne has announced a $4.7 million funding round led by EJF Capital, with Valley Ventures (the corporate venture capital arm of Valley Bank) and Carthona Capital also on board. This funding is a testament to NayaOne’s growth and potential to transform financial services with its innovative sandbox-as-a-service platform. NayaOne’s platform enables a radical reduction in…
From Cash to Digital: The Potential of Japan’s Fintech Landscape For businesses transacting across borders, foreign exchange (FX) risk can be a significant and often opaque cost. Established in Singapore in 2010, M-DAQ, under the leadership of Founder & CEO Richard Koh, is pioneering innovative solutions to empower business-to-business (B2B) cross-border transactions. In this interview,…