Digital Bank Monzo Posts First Full Year of Profit
Monzo has reported its first full year of profitability, posting a pre-tax profit of 15.4 million pounds for the 2023-2024 financial year after more than...…
Fintech
Mastercard Accelerates Card Fraud Detection with Generative AI Technology
Mastercard has deployed generative AI technology to double the speed at which it detects potentially compromised payment cards, enhancing its Consumer Fraud...…
Stripe Sessions 2024: 50+ Product Launches Including AI-Powered Payments and 100+ Payment Methods
Stripe unveiled more than 50 product updates at its annual Sessions conference, including AI-powered payment optimisations, a doubling of supported payment...…
Wise Granted Type 1 Funds Transfer Licence in Japan, Expanding Global Reach
Wise has secured a Type 1 Funds Transfer Service Provider licence from Japan's Financial Services Agency, a significant regulatory milestone that removes...…
Tarabut and BENEFIT Reshape Bahrain's Financial Landscape with Open Banking Integration
Tarabut, MENA's first and largest Open Banking platform, announced its…
Mastercard Launches Decision Intelligence Pro, a New Generative AI Model for Fraud Detection
Mastercard has launched Decision Intelligence Pro, a proprietary generative AI model designed to dramatically improve fraud detection by scanning one...…
Visa Expands Digital Wallet Capabilities Within Visa Commercial Pay
Visa has expanded the digital wallet capabilities within its Visa Commercial Pay platform, enabling businesses to manage virtual cards and corporate...…
HSBC Launches Zing International Payments App to Challenge Fintechs
HSBC has entered the competitive international payments market with the launch of Zing, a standalone multi-currency app and debit card aimed squarely at...…
Saudi Arabia Launches Fintech Program to Foster Financial Innovation
Saudi Arabia has launched a new financial technology program called Makken to…
Saudi Fintech Success: Tamara Secures Unicorn Status with $340 Million Funding Round
Buy now, pay later platform Tamara has become the first Saudi fintech…
Digital-Only Banks: Scaling Profitability Beyond Growth Metrics
Digital-only banks face a pivotal test: scaling profitability beyond growth metrics. Which strategies are delivering sustainable unit economics and which are running out of road.…
Saudi Fintech Firm Dnaneer Granted License for Crowdfunding Solutions
Lending platform Dnaneer Financing Co. has become the eighth fintech firm authorized…