October 31, 2024
Zain KSA announced its financial results for the first nine months of 2024, achieving a turnover of SAR 7.7 billion, representing a growth of 4.5% year-on-year. Net profit for the period amounted to SAR 322 million, an increase of 33% compared to the corresponding period of 2023, excluding the result of tower sales. This financial
October 31, 2024
Free newsletter Receive the latest Swiss Fintech news once a month in your inbox Over the next five years, instant payments are expected to catalyze a complete transformation of payments and banking, paving the way for a truly digital service model. This shift will present significant challenges for banks, forcing them to reinvent their operations
October 30, 2024
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October 30, 2024
Moniepointa Nigeria-based fintech company, successfully raised $110 million in a Series C funding round. The financing was led by International development partners African Development Partners Fund III (ADP III), with the participation of investors such as Google Africa Investment FundVerod Capital and Lightrock. Strategic Focus on Business Banking and Financial Access Founded in 2015 by
October 30, 2024
Free newsletter Get the latest Fintech Singapore news delivered to your inbox once a month Payment giant Visa is set to restructure its global business operations, a process that will result in approximately 1,400 layoffs by the end of 2024. According to The Wall Street Journalthe majority of these reductions (around 1,000 positions) will come
October 30, 2024
Free newsletter Get the latest Fintech Singapore news delivered to your inbox once a month HSBC CEO Georges Elhedery has dispelled speculation that the new restructuring of the bank's "East" and "West" divisions hinted at a separation, according to a statement. Financial Times report. Georges Elhédéry Elhedery stressed that the overhaul, which will make the
October 29, 2024
HONG KONG — The Hong Kong Special Administrative Region (HKSAR) government on Monday unveiled a policy statement on the responsible application of artificial intelligence (AI) in the financial market to boost the development of financial technology while managing risks. As an international financial center, Hong Kong is open and inclusive towards the application of AI
October 29, 2024
Fintech Startups Inspire – Visa Enables. Join us at the Visa Emerging Innovators (VEI) program, where we celebrate the next generation of fintech pioneers. This year, we're excited to announce that we're doubling the prize to an incredible $100,000! Visa has carefully selected five visionary startups from around the world, each ready to showcase their
October 29, 2024
Jeanne Pastrano, a mother of two, quit her job and took a six-month sabbatical after feeling burned out.Jeanne Pastrano Jeanne Pastrano quit her $200,000-a-year job in New York after feeling burned out. After a six-month break, she said she feels rejuvenated and ready to return to work. She disclosed her sabbatical on her LinkedIn profile
October 29, 2024
Which presidential candidate will be best for fintech over the next four years? Of all the issues troubling the 2024 presidential campaign, it's safe to say that the future of fintech is not among the top two or three. Nonetheless, it is also safe to say that the fintech sector under a Trump administration will
October 28, 2024
Traction applicationsa Nigerian fintech startup, has confirmed in a statement to Techpoint Africa that it will lay off some employees following its recent acquisition by OmniRetail. The company said the decision was partially influenced by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimizing certain departments to
October 28, 2024
The 2024 report highlights that Fintech founders diligently improved their results in 2024 despite a 91% drop in investments since the 2021 peak. SAN FRANCISCO, October 23, 2024 /PRNewswire/ - While fintech companies face significant headwinds – from high interest rates to increasing regulatory scrutiny – they are also finding opportunities in 2024, according to
