Syed Quader’s Post

An incredibly proud moment for all of us at Intellect — read on to understand how we continue to support all banks’ needs to support their customers, across multiple segments, incorporating all aspects of customer touch points. #eMACH.ai #DigitalTransformation

Discover the diverse heartbeat of Ukheshe through the eyes of our team.  From 'ground-breaking', to 'innovative', each word echoes the multifaceted essence of our fintech journey. Join us as we redefine possibilities, one word at a time.🚀 #UkhesheUnveiled #FintechInnovation

🤩 Thrilled to announce that Credi2 has been recognized as top Austrian start-up 🚀 making #21 place and #3 place in financial / payment services. Amidst challenging times, we're honored to be considered as one of the crisis champions, achieving a remarkable revenue growth of over 60% and MRR growth exceeding 113%. ✅ Our success wouldn't have been possible without the dedication of our incredible Credi2 team 🥳 and the unwavering support of our esteemed clients like Raiffeisen Bank International AG, Volkswagen Bank (Volkswagen Financial Services) and Visa among others. A heartfelt thank you also goes out to our investors 💪, whose belief in our bold strategy fueled our journey. Kudos to our esteemed peers including Anyline, woom, Storebox and hello again on their well-deserved recognition! This milestone fuels our commitment to revolutionize the banking industry by digitalizing financial services and offering innovative installment products - and the collaboration with Visa will accelerate this even more. Excited to continue disrupting the industry with groundbreaking credit and debit-based split pay features. At last, but not least I want to thank our founders and their vision to transform the banking industry with our embedded finance products. Daniel Strieder Jörg Skornschek Michael Handler #FintechInnovation #BNPL #startup #credit #embeddedfinance #DisruptiveBanking

With $100M+ in rent processed, Chexy is helping thousands of renters earn cash back on rent payments while building credit. Lizaveta Akhvledziani, CFA, sat down with Michael Stephens at the CFS | Canadian Fintech Summit. Here are two insights #founders can take away from Liza's entrepreneurial journey: Chexy did a great job on customer discovery.  In the early days, they started off hitting the streets to talk to customers.  “No shortage of renters at Yonge and Dundas square”, Liza noted.  Chexy spent a significant amount of time on Reddit forums; finding traction.  They gained insights into the pain points of renters while acquiring customers at a low CAC. “As a founder, you want to solve the world.  You may think you have a narrow problem and feature set, but they are never narrow enough”, Liza reflected.  Rewards are by far the reason that renters sign up for Chexy.  Building credit is excellent, but it is not why people sign up.  She encourages founders to figure out the tiny thing they are focusing on initially.  Build an MVP to get your first few hundred customers (for B2C) before starting to think about distribution and channels. #EarnRewardsOnRent #Fintech

📢 “In the retail banking and capital markets space, we're seeing a lot of clients wanting to make investment decisions to move here. That helps Manchester because it breeds an environment for them becoming customers of some of the newer fintechs.” – Carlton Hopper, Managing Director, #GFTUK 📰 Read more of Carlton’s thoughts in this recent Sifted article sponsored by MIDAS Manchester's Inward Investment Agency. Read in full here ➡️ https://okt.to/rZkQHv #teamGFT #banking #capitlamarkets #growth #Fintech

In the ever-evolving world of Fintech, we witness the rise and fall of pioneers. Today, let's explore the recent closures of Verse, #KippaPay, and Daylight (Acquired by Atlas), shedding light on the challenges faced by these industry players. 🔸 Verse: a journey cut short: Founded in 2015, #Verse embarked on a mission to revolutionize finance. Despite securing $35.5 million in funding and being acquired by Block for $40 million in 2020, the journey came to an abrupt end in August 2023. Facing sustainability challenges and a €280k euro sanction from Lithuania's bank for AML non-compliance, Verse faced its last day on September 13th. 💡 Lesson learned: Sustainability and compliance are the cornerstones of success. 🔸 KippaPay's strategic pivot: Born in 2022, KippaPay aimed to serve 500k merchants. CEO Kennedy Joseph revealed a strategic response to a changing economic landscape, citing a 9% customer shutdown in the past 3 months due to rising business costs. Internal fraud further complicated matters. KippaPay's closure in November paved the way for Bloc's strategic takeover, enabling a seamless integration of services into Bloc's portfolio. 💡 Takeaway: Adaptability and strategic alliances are crucial in dynamic markets. 🔸 Daylight's farewell to the light: Dedicated to the LGBTQ+ community, #Daylight emerged in 2020 with $20 million in funding. The closure in June 2023, however, reflected the challenge of aligning long-term goals with strict budgets. CEO Rob Curtis acknowledged the struggle to balance offering a broad range of affordable services with profitability. Daylight's unique focus on queer-run businesses underscored its vision but couldn't sustain operations. 💡 Key insight: Striking a balance between purpose and profitability is a delicate dance. As we bid farewell to these innovators, let's reflect on the lessons learned. In an ever-changing landscape, adaptability, sustainability, and a clear alignment of goals are the beacons guiding Fintech through turbulent seas. Read the full article here: https://lnkd.in/dF6Unihd #DigitalBanking #CInnovation #FintechInsights #FintechInnovation #DigitalBanking #FinanceInsights #BankingRevolution #DigitalTransformation #BankingInnovation #FinancialGrowth #Finance #Banking #NeoBanking #FinancialServices #Fintech #BankingNews #TechInFinance #FinancialNews

CONGRATULATIONS to Tuum who have raised €25 MILLION in their Series B 👏 💰 🌍 🚀 The fresh funding will bolster Tuum’s INTERNATIONAL presence, allowing it to target new territories in the DACH region, Southern Europe AND the Middle East 🤯 🏦 Tuum will ALSO increase investment into its “smart migration” capabilities, which are making complex core migrations possible in as little as TWO MONTHS! 👨💻 Commenting on the fundraise, Myles Bertrand, CEO of Tuum, said: “I joined Tuum in the summer of last year because I saw the gap in the market for its proposition. Everyone knows that banks need to replace their ageing core banking systems if they are going to successfully adapt their business models for digital banking. However, no core banking vendor has to date made core migration simple and predictable, which is what Tuum is now doing through a combination of smart migrations, a modular and functionality rich core, massive extensibility, and a broad ecosystem of partners. With this Series B funding, we’re not just expanding our reach: we’re redefining the very essence of core banking for a digital-first future.” Find out more about Tumm's fundraise on the link below! 👇 CommerzVentures Heiko Schwender Amanda Steward Rivo Uibo Jean Souto Ove Kreison Jan Lakspere Edgardo Torres-Caballero LHV Bank Andres Kitter #fintech #tuum #seriesb #fundinground #corebanking #fintechnews #fintechfunding #cloud #cloudbanking #bankingtechnology #digitalbanking #lhvbank #commerzventures #techfunding #coremigration

Grateful for Sweet Returns! 🧁 (and the huge box of cupcakes that have made a whole lot of people in the office thank me for sharing today) A huge thank you to Airwallex, and especially Yvia Magan-Parker, for being a crucial part of our journey. When we started NATPAT a few short years ago, we needed a global presence with our Australian company. Global banking with domestic accounts in each country was a big part of that, and Airwallex has become part of the underlying NATPAT operating system. From day one, we’ve operated as a fully remote team with a global reach, as if we have boots on the ground everywhere. Back when we were just a startup, major banks showed little interest in us, which is understandable. We had no history, no way for them to generate revenue, and no guarantee that early effort put into us would pay off. Airwallex stepped in at a time when we needed it the most, providing us with the tools and support to establish our global footprint. Their platform allowed us to open global bank accounts, manage international transactions seamlessly, issue debit cards and provide transaction tracking, giving us the confidence to operate across borders without the usual banking headaches. As NATPAT has grown, Airwallex has grown alongside us, continuously innovating and expanding their services which seemed to be in-line with meeting our evolving needs. It’s mind-blowing what we can accomplish on a webpage these days. The ability to handle complex financial operations with just a few clicks has been a game-changer for us. Airwallex’s UI and robust features have made managing our finances remarkably efficient for the volume of transactions happening and in so many currencies. Being noticed and appreciated by such an innovative company is truly wonderful. We’ve been fortunate to have Airwallex as our partner, and with their latest offering, enabling us to make some extra dollars off our multiple currencies of cash on hand, which we'll reinvest in our growth. A win-win. https://lnkd.in/gXPR2U5K Here’s to sweet returns and continued growth! 🌍🚀 #AirwallexYield #NATPAT #GlobalBanking #StartupSuccess #Innovation

We have 41 companies and topics covered in the news today: #OrangeMoney, #JordanPost, #OzoneAPI, #ThistleInitiatives, #Backbase, #NavyFederalCreditUnion, #Snowdrop, #PwC, #UnicornCouncil, #WalkerCarSales, #EchoPay, #Tuum, #ADGM, #Celeris, #PXPFinancial, #CIP, #Paynt, #TokenEx, #IXOPAY, #RapidFinance, #SoFi, #Galileo, #AuroraPayments, #ARISE, #JPMorgan, #Codat, #Mastercard, #Onafriq, #IDnow, #VideoIdentFlex, #Flatpay, #Justt, #NatWest, #StoneX, #Barclays, #CFIT, #10x, #Deloitte, #N26, #Revolut, #NAB, #Cogo, #Personetics, #BIAN, #WSFSBank, #EBA, #EIOPA, #ECB, #Nium, #Onbe, #ScrapRight, #Visa, #URBN, #Stripe, #JPMorgan, #Commercetools, #PayPal, #ShopPay, #Clearstream, #DigitalVaultServices, #Finastra, #Bian, #Mox, #IgorLau. Orange Money and Jordan Post join forces Ozone API partners with Thistle Initiatives Backbase renews partnership with Navy Federal Credit Union Snowdrop and PwC augment digital banking in the Middle East Unicorn Council for UK FinTech launches policy recommendations Celeris integrates with PXP Financial CIP announces a strategic partnership with Paynt TokenEx to merge with IXOPAY Rapid Finance joins forces with SoFi's Galileo Aurora Payments launches ARISE Mastercard partners with Onafriq IDnow launches a new version of its VideoIdent Flex service Danish POS startup Flatpay raises €45 million Justt opens European HQ in London NatWest boosts cross-border payments with StoneX Barclays reports large spike in investment scams CFIT advances open finance pilots for consumers and SMEs Ex-N26 staffers raise €35m for embedded finance startup Fintech leads the way for UK technology investment Revolut releases Financial Crime and Consumer Security Report NAB to offfer a year of free cyber security software to business customers BIAN expands its network WSFS Bank launches Early Pay EBA, EIOPA and ECB establish a common governance framework Onbe and ScrapRight revolutionize scrap yard payouts Visa bundles products for ’’click-and-mortar’’ retailers URBN selects Stripe as primary payments infrastructure JPMorgan using Codat data API product to drive adoption of virtual card for B2B payments Commercetools and PayPal take on Shop Pay Clearstream invests in Digital Vault Services Lithuania’’s fintech sector shows steady growth Finastra launches online marketplace for retail lending Bian adds 19 members Mox appoints Igor Lau chief customer officer This edition summarizes the news in Payments and Fintech for Apr 17, 2024. Don't miss out, subscribe to our Youtube channel at youtube.com/@baypayforum #payments #fintech #baypayforum #paykademy This episode is sponsored by PayKademy, the first business academy to learn Payments and Fintech at paykademy.com at your own pace when you want. This is the video version of the newsletter we send by email every day. We hope you enjoyed it and see you tomorrow for our next edition or on our website at baypayforum.com. You can read the details of the news at baypayforum.com/news.

Colending tech, risk perception, Different eco systems, are issues which need to be tackled before NBFC or Bank decide to go ahead for colending business. The #banks ecosystem universe and operating models are very different from the #nbfc 's. There are conceptual difference between the calculation of EMI, Treatment of advance payment to Appropriation logics. This is one of the major reason why many colending partners are facing issues as they are unable to envisage these things in the beginning while agreeing on terms & conditions while signing the Colending Partnership (CLP) Agreement and detailing the Standard Operating Procedure (SOP). This leads to a lot of ambiguity, which later is found during the execution, resulting into issues and slow down of business. This equally needs to be support by Tech solutions which can be implemented quickly and help iterating & launching new partnerships & product easily since this is relatively a new space with a lot of clarification and guidelines coming as we progress. We at Advaya Platform realize these issues and have developed a solution which can help #banks & #nbfc to continue working on different logic like interest day convention, Appropriation logic, different due date, etc. and yet the #platform shall do the job of enabling and maintaining both the separate accounts with ease. Launch new partnerships with hours and enable your business with updated technology and the power of #lcnc . #bankingindustry #mobileapplications #mobiletechnology #fintech #startup #india #finance #bfsi #lending #mortgage #informationtechnology #ai #ml