Chik Shampoo’s case study on sachets in the 70s often serves as a playbook to tap into India’s billion people-strong potential. What started as a revolution in FMCG has now transcended industries, even reaching financial services. And one such space in the BFSI subset has managed to gain significant momentum: lending. Sachetised loans, also called
President Harley Finkelstein said new offerings represent the “next evolution of Shopify lending.” Shopify has revealed two new loan offerings to merchants in what the company has called the “next evolution” of its lending business. Shopify Capital has provided cash advances and loans to merchants since 2016. The e-commerce giant has now launched a
he Indonesian Fintech Lenders Association (AFTECH) has asserted that cooperation between fintech platforms and universities is “not prohibited” by fintech regulations, provided there is “prudent and compliant credit due diligence”. Danacita, a peer-to-peer (P2P) lending platform specializing in education, has entered partnerships with 86 higher education institutions, including the Bandung Institute of Technology (ITB), to
When SoFi Technologies reports earnings Monday morning, investors will be watching closely to see if the company succeeds in posting its first quarterly profit. The fintech’s management has previously said it expects to report its first profit—according to generally accepted accounting principles—for the 2023 fourth quarter. That said, analysts are a bit less optimistic, expecting
the market for technological solutions in the realm of personal finance is growing. Let’s explore five startup opportunities in this industry and why they present promising prospects for new innovative early-stage ventures. getty As financial literacy is becoming more widespread, the market for technological solutions in the realm of personal finance is growing. Let’s explore
Data availability and cybersecurity represent major challenges to the use of artificial intelligence (AI) in financial services, according to more than 60 per cent of Hong Kong financial professionals in a joint survey by PwC and the Hong Kong Trade Development Council. Hong Kong’s current pace of AI development in financial services is on par
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images While custody revenue presents a big growth opportunity for Coinbase in the near term, some industry analysts are concerned that the company’s core transaction business
Cryptocurrencies saw volatile trading Wednesday as traders awaited a decision from the Securities and Exchange Commission on whether to approve spot Bitcoin exchange-traded funds. Digital assets have been buoyed for months by ETF approval hopes, with anticipation reaching fever pitch after the agency’s social media account was breached on Tuesday and falsely posted that the
Filip Radwanski | Sopa Images | Lightrocket | Getty Images Now that those two high-profile cases are out the way, many cryptocurrency executives see it as a chance to move forward and draw a line under the bad behavior of two of the industry’s poster children. With fervor returning to the crypto markets, industry executives
Here’s the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. The U.S. has proven to be one of the most active enforcers of penalties and legal action against crypto companies this year, as authorities looked to counter bad practices in the industry