Open Banking, introduced in the UK in 2018, has been a pioneering force in the financial sector, spearheading the movement towards greater transparency, competition, and innovation. This initiative has not only garnered attention within the UK but has also inspired similar ventures globally, each
Bench, the accounting startup founded in 2012, which had managed to secure a remarkable $113 million in investments from prominent backers such as Shopify and Bain Capital Ventures, surprisingly declared bankruptcy despite holding $2.8 million in cash. The apparent inability to manage their
Open Banking, introduced in the UK in 2018 as part of the implementation of the Second Payment Services Directive (PSD2), has brought about a significant transformation in the financial landscape. This innovative approach addresses the longstanding inefficiencies in traditional payment systems,
Quantum computing is on the brink of revolutionizing various sectors, with financial technology (fintech) being one of the most promising areas of impact. This emerging technology leverages principles from quantum mechanics to solve complex problems and process massive amounts of data more
The global fintech sector has recently seen significant funding rounds, raising over US$165 million across three continents. This influx of capital targets sectors such as digital asset banking, cross-border payments, and healthcare administration, indicating a potential boost in investor
The banking-as-a-service (BaaS) industry has experienced a rollercoaster of regulatory scrutiny and market dynamics over the past few years. A year ago, the future of BaaS seemed uncertain due to significant regulatory pressures. However, as we look ahead to 2025, the outlook appears much more
