Author : Sudipto Ghosh
Australia Tightens the Competition and Consumer Act with Stricter Penalties
Last week, the Australian lawmakers passed the Treasury Laws Amendment Bill 2022 to strengthen the existing Competition & Consumer Act 2010. The new amendments to CCA 2010 would now attract harsher penalties for companies that indulge in unfair practices with the consumers and small businesses. Corporations found to contravene the......
Basiq Unveils New Opportunities in Open Banking for Australia
Codat, theuniversal API, has partnered with Basiq to bring “out of box” solution for data integration in open banking in Australia. The concept of open banking for Australia is built on strong foundation of data management, data integrity and compliance. In 2019, Australia embraced the open data economy by passing......
Finance in Africa 2022: Navigating the Financial Landscape in Turbulent Times
The financial landscape is changing at a rapid pace. Compared to the current fleet of modern technology companies focused on emerging capabilities in SaaS and Cloud computing, banking sector has weathered the pandemic well. In modern context of fintech-as-a-service, financial landscape is showing the resilience against competition and market expansion......
New Report: BaaS versus Embedded Banking. Why Fintech is Losing Momentum with BaaS
Embeding banking solutions are the crux of modern FinTech innovation. As many as 80% of the Fintech leaders in Europe are unable to distinguish between embedded banking and BaaS products. For these respondents, both Fintech terminologies mean one and the same thing. How does it impact the Fintech market? Well,......
Cryptyde Expands Fintech Capabilities with Machine Learning & Blockchain
Machine learning is one of the most important technologies in the financial services industry. Today, a leading fintech platform for e-commerce, Cryptyde has announced it has acquired Forever 8 Fund. Forever8’s acquisition lays the foundation for Cryptyde’s fintech portfolio and positions Cryptyde to generate revenue from the F8 acquisition, beginning......
Huawei’s SD-WAN Lays New Digital Foundation for Absa Bank Kenya
Absa Bank Kenya, a part of Absa Group, will use Huawei’s SD-WAN technology to transform its digital foundation. SD-WAN is a next-generation technology and service, can help banks connect their branches and promote smart branch upgrades by constructing a powerful network. One of the largest financial services institutions on the......
Crypto Lending Leader CoinLoan Reports Respectable Gains in Deposits
Despite continued volatility, CoinLoan’s mid-year report shows impressive gains in the current financial year. As a pioneer in crypto lending, CoinLoan has positioned its market position with strong growth in 2022. Its wallet deposits rose by 26%, while interest account deposits are also up by 54%. These strong numbers indicate......
Credit Cards and BNPL Instruments Key to Financial Well-being
Credit cards and BNPM instruments have emerged as important FinTech tools in the post-pandemic world. Marqeta 2022 State of Credit Report has found an inflated cost of living is a worrisome development in that US. The recent developments are heavily weighing down on the consumers even as new lending options......