In this week's edition of FinTech Weekly, the narrative is clear; adaptation is not a luxury, but a necessity for survival for SMEs amidst the evolving financial landscape. From the UK's call for AI integration to the burgeoning Islamic fintech sector in Bahrain and Turkey, the drive towards embracing technology is evident. Partnerships like that between SME Finance and Okredo, and Swoop and Sage, symbolize the convergence of traditional and modern financial realms, aiming to scaffold SMEs against economic uncertainties. The discourse extends to Sibos 2023, underscoring the imperative of digitization in the financial sector. Each story unveils a facet of how SMEs are navigating through financial turbulence with a compass of innovation, highlighting not just the challenges, but the promising horizon of opportunities for those willing to adapt.
This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition.
Theo Paphitis unveiled the #SBS SME State of the Nation Roundtable report, providing insights into trends, challenges, and opportunities facing the UK's 5.5 million SMEs.
FinTech World Forum 2023 is based in London UK Europe as one of leading fintech events 2023 for global financial services, finance and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech and Wealthtech. For more info visit: https://fintechconferences.com/
Impact Investing Conference 2023 in London is the Impact Investing World Forum (IIWF) 2023 as one of leading social impact investment events for ESG Funds, UN SDGs, Investor and sustainable investing in UK Europe Oxford University. The event brings together hedge funds, wealth management, private equity, venture capital, foundations, endowments, bonds and ESG investing professionals.
Jennifer Peve discusses how financial market infrastructures can help drive digitization at Sibos 2023.
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $160 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live.
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Ripple suggests businesses use crypto-enabled payments to combat rising interest rates affecting global transactions, emphasizing three areas: currency fluctuations, expensive credit, and unequal access to financial services.
Fintech firm Weavr discontinues its open banking payments app, Comma, moving towards an API-only solution, leveraging its technology in embedded finance offerings.
Swoop, a fintech specializing in funding solutions, and Sage, a leader in accounting and financial technology, have formed a global partnership to help businesses and accountants access a wide range of funding opportunities.
SME Finance and Okredo collaborate to launch a risk-based credit pre-offer in the Baltic region, streamlining business financing processes by generating a pre-scored credit limit for Okredo’s platform users.
Small and medium enterprises (SMEs) in South Africa display resilience as 91% anticipate business growth, despite 86% expressing concerns over rising business costs in 2023.
Islamic fintechs are gaining traction in Bahrain and Turkey, the only nations with a standardized open banking framework, leading to a surge in Islamic fintech development. With the continued adoption of open banking regulations, Moody's predicts the sector will expand, projecting Islamic fintech assets to exceed 1% of the global fintech industry by 2025.