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Square’s bank arm launches as fintech aims ‘to operate more nimbly’

TechCrunch

In a statement, Square CFO and executive chairman for Square Financial Services, Amrita Ahuja said that bringing banking capability in house will allow the fintech to “operate more nimbly.”. David Grodsky, Chief Compliance Officer. The trend of fintechs becoming bank continues. Samantha Ku, Chief Operating Officer.

Banking 352
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Visa takes a swipe in fintech, builds new online marketplace

TechCrunch

The relationships between banks and fintechs are multi-faceted. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. I talked with Terry Angelos, senior vice president and global head of fintech at Visa, to understand just exactly what that means.

Fintech 292
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For Fintech, 2024 Was A Year of Hype, Hustle and Hard Truths. What’s Next In 2025?

Crunchbase News

By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. So, despite being a sector with a strong concentration of AI leaders, fintech like 74% of companies across industries struggles to scale value. There’s also been lots of buzz and hard, painful truths learned.

Fintech 102
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2025 Middle East tech trends: How CIOs will drive innovation with AI

CIO

Data sovereignty and the development of local cloud infrastructure will remain top priorities in the region, driven by national strategies aimed at ensuring data security and compliance. However, overcoming challenges such as workforce readiness, regulatory compliance, and cybersecurity risks will be critical to realizing this vision.

Trends 158
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Top tech trends powering the Middle East’s digital evolution by 2025

CIO

Adopting multi-cloud and hybrid cloud solutions will enhance flexibility and compliance, deepening partnerships with global providers. Fintech hubs like Dubai and Riyadh will continue attracting global and regional players. The Internet of Things is gaining traction worldwide.

Trends 122
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PassFort, a RegTech SaaS for KYC and AML, nets $16.2M

TechCrunch

London-based PassFort , a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led by US growth equity fund, Level Equity. ” PassFort says its revenues grew ~2.5x over the past 12 months.

.Net 252
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Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.

Fintech 246