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PEXX raises $4.5 million in seed funding for its innovative Stablecoin-to-Fiat payment platform
Date: July 16, 2024
Singapore, Singapore, July 16th, 2024, Chainwire PEXX, a pioneering fintech startup specialising in cryptocurrency and blockchain technology, today announced the successful closure of a $4.5 million seed funding. This significant investment will propel the development of the company’s innovative stablecoin-to-fiat payment platform, set to revolutionise the way people transfer currencies across borders. The funding included...
India’s paytm gets warning from markets regulator for old transactions with banking unit
Date: July 16, 2024
BENGALURU (Reuters) – Paytm received an administrative warning from India’s markets regulator for certain transactions with its banking unit in the fiscal year 2021-22, the fintech firm said in an exchange filing. The Securities and Exchange board of India (SEBI), in the latter dated July 15, said some transactions between Paytm and the now...
Unbundling payments: The next great frontier in banking?
Date: July 15, 2024
By Lucian Daia, CTO at Zitec The traditional model of bundled financial services offered by banks that we’re all too familiar with is being increasingly revamped by a more specialised and tailored approach, driven by unstoppable tech advancements and regulatory requirements like PSD2 and looking even further ahead, PSD3. This shift towards unbundling and open payments...
The FinTech art of scaling from a single ‘Killer’ feature
Date: July 12, 2024
Toby Strangewood, co-founder, Wake the Bear The financial sector isn’t for the faint-hearted. It’s a category of established and well-funded heritage and high-street brands as well as famed, PR grabbing unicorns. There is also a constant wave of emerging fintechs entering the market, all with aspirations of global scale based on promises of better customer-centric...
Collaboration is the key to open banking interoperability
Date: July 11, 2024
Alex Reddish, Managing Director of Tribe Payments, an API-first digital payments and infrastructure orchestrator, outlines how the true potential of Open Banking remains untapped. Global Open Banking payments transaction values are expected to exceed $330 billion by 2027, up from $57 billion in 2023. But are they truly global? The simple truth is that the bulk of transactions...
Michael gastauer: An architect of modern digital banking
Date: July 2, 2024
Michael Gastauer: An Architect of Modern Digital Banking At the core of every billionaire’s story is the inception of their business. For many, this involved identifying a need in the market and creating a solution. Jeff Bezos noticed the burgeoning potential of e-commerce and founded Amazon, revolutionizing the way the world shops. Elon Musk saw...