#FINTECH NEWS

[xettle-technologies]

The impact of sustainability in fintech: reflections from the summit

In recent years, the Fintech industry has witnessed a paradigm shift towards sustainability, with an increasing emphasis on integrating environmental, social, and governance (ESG) factors into financial decision-making processes. This transformative trend took center stage at the latest Fintech Summit, where industry leaders converged to explore the intersection of sustainability and financial technology. Among the prominent voices shaping this discourse was Xettle Technologies, a trailblazer in Fintech software solutions, whose commitment to sustainability is driving innovation and reshaping the future of finance.

Against the backdrop of global challenges such as climate change, resource depletion, and social inequality, the imperative for sustainable finance has never been greater. The Fintech Summit provided a platform for thought leaders to reflect on the role of technology in advancing sustainability goals and fostering a more resilient and equitable financial ecosystem.

At the heart of the discussions was the recognition that sustainability is not just a moral imperative but also a strategic imperative for Fintech firms. By integrating ESG considerations into their operations, products, and services, Fintech companies can mitigate risks, enhance resilience, and unlock new opportunities for growth and value creation. Xettle Technologies’ representatives underscored the company’s commitment to sustainability, highlighting how it is embedded in the company’s culture, innovation agenda, and business strategy.

One of the key themes that emerged from the summit was the role of Fintech in driving sustainable investment. Through innovative solutions such as green bonds, impact investing platforms, and ESG scoring algorithms, Fintech firms are empowering investors to allocate capital towards environmentally and socially responsible projects and companies. Xettle Technologies showcased its suite of Fintech software solutions designed to facilitate sustainable investing, enabling financial institutions and investors to align their portfolios with their values and sustainability objectives.

Moreover, the summit explored the transformative potential of blockchain technology in advancing sustainability goals. By enhancing transparency, traceability, and accountability in supply chains, blockchain can help address issues such as deforestation, forced labor, and conflict minerals. Xettle Technologies’ experts elaborated on the company’s blockchain-based solutions for supply chain finance and sustainability reporting, emphasizing their role in promoting ethical sourcing, responsible production, and fair labor practices.

In addition to sustainable investing and supply chain transparency, the summit delved into the role of Fintech in promoting financial inclusion and resilience. By leveraging technology and data analytics, Fintech firms can expand access to financial services for underserved populations, empower small and medium-sized enterprises (SMEs), and build more inclusive and resilient communities. Xettle Technologies’ representatives shared insights into the company’s initiatives to support financial inclusion through digital payments, microfinance, and alternative credit scoring models.

Furthermore, the summit highlighted the importance of collaboration and partnership in advancing sustainability goals. Recognizing the interconnected nature of sustainability challenges, participants underscored the need for cross-sectoral collaboration between Fintech firms, financial institutions, governments, civil society, and academia. Xettle Technologies reiterated its commitment to collaboration, emphasizing its partnerships with industry stakeholders to drive collective action and scale impact.

Looking ahead, the future of sustainability in Fintech appears promising yet complex. As Fintech firms continue to innovate and disrupt traditional financial systems, they must prioritize sustainability as a core principle and driver of value creation. Xettle Technologies’ visionaries reiterated their commitment to sustainability, pledging to harness the power of technology to build a more sustainable, inclusive, and resilient financial ecosystem for future generations.

In conclusion, the Fintech Summit served as a catalyst for reflection and action on the role of sustainability in shaping the future of finance. From sustainable investing and supply chain transparency to financial inclusion and resilience, Fintech has the potential to drive positive change and advance sustainability goals on a global scale. Xettle Technologies’ leadership in integrating sustainability into its  Fintech solutions exemplifies its dedication to driving innovation and creating shared value for society and the planet. As the industry continues to evolve, collaboration, innovation, and sustainability will be key drivers of success in building a more sustainable and resilient financial future.

[jcmarchi]

Romanian AI Helps Farmers and Institutions Get Better Access to EU Funds - Technology Org

New Post has been published on https://thedigitalinsider.com/romanian-ai-helps-farmers-and-institutions-get-better-access-to-eu-funds-technology-org/

Romanian AI Helps Farmers and Institutions Get Better Access to EU Funds - Technology Org

A Romanian state agency overseeing rural investments has adopted artificial intelligence to aid farmers in accessing European Union funds.

Gardening based on aquaculture technology. Image credit: sasint via Pixabay, free license

The Agency for Financing Rural Investments (AFIR) revealed that it integrated robots from software automation firm UiPath approximately two years ago. These robots have assumed the arduous task of accessing state databases to gather land registry and judicial records required by farmers, entrepreneurs, and state entities applying for EU funding.

George Chirita, director of AFIR, emphasized the role of AI-driven automation was groundbreaking in expediting the most important organizational processes for farmers, thereby enhancing their efficiency. Since the introduction of these robots, AFIR has managed financing requests totaling 5.32 billion euros ($5.75 billion) from over 50,000 beneficiaries, including farmers, businesses, and local institutions.

The implementation of robots has notably saved AFIR staff approximately 784 days’ worth of document searches. Over the past two decades, AFIR has disbursed funds amounting to 21 billion euros.

Despite Romania’s burgeoning status as a technology hub with a highly skilled workforce, the nation continues to lag behind its European counterparts in offering digital public services to citizens and businesses, and in effectively accessing EU development funds. Eurostat data from 2023 indicated that only 28% of Romanians possessed basic digital skills, significantly below the EU average of 54%. Moreover, Romania’s digital public services scored 45, well below the EU average of 84.

UiPath, the Romanian company valued at $13.3 billion following its public listing on the New York Stock Exchange, also provides automation solutions to agricultural agencies in other countries, including Norway and the United States.

Written by Vytautas Valinskas

[troydooly]

GS Partners Under Attack Globally & in North America as Potentially Ille...

[hrtechnology25]

What Is Buy Now, Pay Later (BNPL)? How does it work?

First created decades ago, the concept of Buy Now Pay Later (BNPL) is the idea of consuming goods and services first and then paying post-consumption. It is not something new in society– in fact, it has been trending for years at local restaurants and eateries. Shopkeepers or owners practice this in a form of a ledger entry for every individual that would buy things and then collect the compensation at the end of every month. For this, the payee would diligently record all the purchases and send over the details. Individuals can tally them and return products that are not relevant while paying for the rest. 

But one question that comes to mind is how it works on a larger scale and does the payee lose money on the interest by not getting the money immediately?

Before we move on to answer this question. Let us check a few quick facts.

Almost 10 percent of eCommerce transactions in Australia are paid using BNPL.

BNPL proved to be the fastest-adopted payment method in India and UK in 2020.

More than half of US customers prefer to use BNPL services.

It is estimated that BNPL will account for 12 percent of total global eCommerce spending by 2025.

Well, the facts show that BNPL is quite popular among customers across various countries. So what exactly is BNPL? 

Buy Now Pay Later abbreviated as BNPL is an alternative digital payment method that permits customers to purchase goods and services without committing to the full payment upfront. By doing so, customers will get the leverage to immediately finance their purchases and pay them back in fixed installments over time. For example, a customer making a $1000 purchase gets the leverage of paying back in say four interest-free installments of $250. 

These services are widely used by businesses, especially eCommerce retailers in order to increase conversion, and average order value while also reaching new customers. It is reported that businesses that use BNPL services have a 27 percent incremental uplift in sales volumes. 

For more: https://fintecbuzz.com/what-is-buy-now-pay-later-bnpl-how-does-it-work/

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

[euro24news]

Fintech Owner Faces Drug Money Laundering Accusations

A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.

Caio Marchesani, who owns Trans-Fast Remittance a payments business regulated by the Financial Conduct Authority, is alleged to have hoarded vast amounts of cash for Sergio Roberto De Carvalho, a Brazilian described by Interpol as one of the world’s most wanted kingpins before his arrest in 2022.

A fintech owner in London is facing allegations that he helped notorious drug traffickers attempt to launder hundreds of millions of euros through a crypto exchange platform on a scale rarely seen by European prosecutors.

Authorities in Belgium are seeking the extradition of Caio Marchesani from the UK as part of their effort to dismantle a transnational gang. They accuse the 38-year-old Italian of “knowingly and intentionally” hoarding piles of cash for Sergio Roberto De Carvalho, a Brazilian described by Interpol as one of the world’s most wanted kingpins before his arrest in 2022.

A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.

Caio Marchesani, who owns Trans-Fast Remittance, a payments business regulated by the Financial Conduct Authority, is alleged to have accepted cryptocurrency from the criminal organisation of Flor Bressers, a Belgian national known as the “finger cutter.”  Belgian prosecutors claim the cryptocurrency was used to pay for cocaine. Marchesani, who was arrested at Heathrow Airport in May, will have seven days to appeal against the order, a London judge said on Tuesday approving his removal.

Marchesani’s lawyer and the prosecution declined to comment immediately after the Tuesday ruling.

The prosecution’s case has “false, vague, ambiguous or inaccurate particulars,” his lawyers at law firm Mishcon de Reya previously said. “What is clear however, is that none of the allegations against him relate to any of his business interests in the UK.”

The efforts to extradite Marchesani is part of a broader investigation that kicked off three years ago after the Dutch government seized more than 12 tonnes of cocaine, worth more than €260 million ($278 million) at Europe’s busiest port, Rotterdam.

Authorities traced the haul to Bressers and De Carvalho, later zeroing in on Marchesani after a breakthrough in decoding encrypted communications. “He is a dark banker who receives money and moves it around at the will of the criminal organization in order to disguise its origins,” the prosecutors acting for the Belgian authorities alleged at an earlier hearing.

A trial of 30 defendants in the case, including Bressers, started in Belgium earlier this month but was immediately postponed, according to local press reports.

A pre-recorded message left by Trans-Fast’s when contacted by phone said the payment service is currently offline and it aims to restart services soon. Companies House filings from August show another owner has been added to the registry.

[techjouney111]

The Magic of Fintech: A Beginner's Guide to Money Management in the Digital Age

In today's fast-paced world, managing money has become easier and more convenient, thanks to the rise of fintech. But what exactly is fintech, and how is it changing the way we handle our finances? Let's dive into the world of fintech and unravel its mysteries in simple terms!

What is Fintech?

Fintech, short for financial technology, is like having a digital piggy bank that helps you do all sorts of cool things with your money. It uses fancy technology, like computers, smartphones, and the internet, to make banking, investing, and paying for things as easy as snapping your fingers.

Blockchain in Fintech:

Ever heard of a magic chain that keeps your money safe from bad guys? That's blockchain! In fintech, blockchain technology acts like a super-strong shield, protecting your money transactions from hackers and keeping them super secure.

Financial Technology:

Imagine having a toolbox filled with gadgets that help you with money stuff. That's financial technology! It includes things like mobile banking apps, digital wallets, payment platforms, and investment apps, making money management a breeze!

Banking Fintech:

Remember the days when you had to wait in long lines at the bank? Well, with banking fintech, you can do all your banking right from your phone or computer! You can check your balance, transfer money, pay bills, and even deposit checks without ever leaving the comfort of your couch.

Fintech Brands:

Just like how you have favorite superheroes, there are fintech brands that are like the superheroes of money management! Companies like PayPal, Venmo, Cash App, and Acorns are some popular fintech brands that help millions of people manage their money every day.

Fintech Development Outsourcing:

Ever wonder how those cool fintech apps are made? Sometimes, big companies need help from outside experts to build their money magic tools. That's where fintech development outsourcing comes in! It's like hiring a team of tech wizards to bring your money dreams to life.

Fintech Startup:

Have you ever dreamed of starting your own business? Well, a fintech startup is like launching your own money adventure! Whether it's building a new payment app, creating a budgeting tool, or revolutionizing how people invest, fintech startups are the brave pioneers of money innovation.

Wrapping up

In summary, fintech is like having a magical friend who helps you manage your money smarter and faster. From digital wallets to blockchain technology, fintech is transforming the way we think about money, making it simpler, safer, and more accessible for everyone. So, whether you're a tech enthusiast, a finance whiz, or just curious about the future of money, there's something in the world of fintech for everyone to explore and enjoy!

[webdevelopment-ecommerce]

The financial services industry is undergoing a digital revolution, driven by advancements in technology. Fintech (financial technology) has emerged as a disruptor, transforming the way we manage money, make payments, invest, and access financial services. Behind the scenes, fintech software development plays a crucial role in enabling these innovations. In this article, we will explore the top technologies for fintech software development that are shaping the future of financial services...

[seaprwire]

[mind-inventory]

[finfanvn]

Hottest Fintech news today - FinFan - 19/04/2023 Apple creates a new saving card with high annual percentage yield (APY) Read more: https://bit.ly/HottestFintechnewstoday190423

[aifyit]

Watch our new video and don't forget to like comment share and subscribe to our channel.

[jcmarchi]

How to see all of Dubai from the driver's seat of a stunning premium car - Technology Org

New Post has been published on https://thedigitalinsider.com/how-to-see-all-of-dubai-from-the-drivers-seat-of-a-stunning-premium-car-technology-org/

How to see all of Dubai from the driver's seat of a stunning premium car - Technology Org

This city is considered by many to be one of the unique places on the planet. It attracts excitement and can surprise everyone around. The admiration begins with the historical monuments of Dubai and ends with outstanding modern wonders that would have been impossible to see just a few decades ago. When traveling to the most fantastic metropolis, you must calculate your time to visit as many unique locations as possible. We have a solution if you want to rent Lambo Dubai to take the most out of your adventure. Traveling around the Middle East with a luxury car will bring new vibrant colors to the overall journey. It guarantees an unforgettable experience that will last a lifetime. Such a vacation will be remembered for a long time, and the ultra-modern city has a magnet effect. It will make you come back to re-enjoy its majesty and beauty.

Rental service that is always in touch

Before making a trip, you should visit the company’s website to rent a car in Dubai. Trinity Rental is a professionally organized service with a vast fleet of the latest luxury cars. More than 60 models, equipped with the latest technology in the modern automobile industry, are ready to travel along numerous Dubai highways to testify to their passengers’ prestige and high status.

When getting acquainted with the Trinity rental service, you should pay attention to the following advantageous points:

a creative online resource that allows you to get a complete picture of the available models, prices, and rental conditions;

rental without a deposit;

lightning-fast paperwork, including insurance for all car-related issues that happened without the driver’s fault, and a full tank as a gift;

permissible mileage up to 300 km during the day;

payment using secure methods, including bank cards, cash, and cryptocurrency wallets;

system of flexible tariffs;

reliable support from a personal manager who will be able to help you with any car-related question and point to the best travel options;

delivery of cars to any place at the request of the customer, including airports, hotels, and shopping centers;

favorable conditions for long-term use of a car, as the more days you use the car, the lower the price will be calculated by the time of rent.

If you plan a full-fledged vacation for all family members, you can arrange a rental with a driver ready to get behind the wheel at the first call. This way, your time will be broadened to look for an option where everyone can get around the city and see the attractions they have on their wish list.

Conquer Dubai with Lamborghini

If a trip to the UAE involves a romantic getaway for two, then the Lamborghini Huracán EVO will help you drive along the best roads as a VIP. Very few global brands can boast a more brilliant reputation than this manufacturer. This car is beautiful in every detail — from aerodynamic upgrades to an exhaust pipe with titanium valves. A powerful 5.2-liter engine will instantly provide a way to quickly get from one attraction to another, such as a gorgeous singing fountain near the famous Burj Khalifa skyscraper. Every evening here will be marked by thousands of lights that light up to classical and modern soundtracks.

A car for traveling around a city known for its exoticism and luxury must correspond to the status of its owner. Trinity Car Rental will help you with this. We are ready to provide you with a Lamborghini Urus on the most favorable terms. The Italian SUV guarantees unsurpassed emotions, which are provided thanks to:

4-liter turbocharged engine;

all-wheel drive with rear-wheel steering;

the fastest accelerations;

interior with leather upholstery, a TFT display, and an all-around camera.

The car, combining ideal shapes with advanced technologies, will drive faster than the wind to the ancient Al Fahidi Fort, where the Dubai National Museum is located. This is a place where you can take a slight break from the overly dynamic city and immerse yourself in the cultural treasures of the Middle East. Collections of antique boats, expensive jewelry, and fabrics are presented here.

Arriving in the UAE with your children, you should not deny yourself the pleasure of having rented a luxury car. In a matter of minutes, you can go on an excursion to the largest aquarium on the planet. You can admire its beauty from a tunnel that extends along the entire length of a vast vessel inhabited by more than 33 thousand marine inhabitants. Photos and selfies taken in this fantastic place will become one of the most impressive memories of your stay in this amazing city.

A luxury car will provide a reboot in unrivaled Dubai

If you want to get away from the vast metropolis and feel genuine relaxation, you can get into a premium car rented from Trinity and go to the Persian Gulf coast in Al Mamzar. There is a park that includes several sandy beaches and everything you need for a beautiful holiday with children:

swimming pools;

entertainment areas;

training grounds.

Here you can enjoy beautiful scenery, feel the healing effects of sea breezes, meditate under the gentle sun, and gradually acquire an exclusive tan. Also, this is an excellent place for kids to run around freely and enjoy the much-awaited vacation.

An absolute contrast to what you see at Al Mamzar is guaranteed upon arrival at the Mall of Emirates. It may seem unreal, but there is a ski resort there. Its visitors are instantly transported to winter conditions and can go snowboarding or skiing. For connoisseurs of winter entertainment, cable lifts are accessible, and even winter clothes are available for rent.

Some will think that the best option for free time in Dubai would be healthy hiking or public transport transportation to exciting locations. Dubai can be considered a city with an ultra-modern transport structure. However, nothing can compare with the complete freedom and harmony that arises while driving a cool exclusive car, unconditionally obeying its tamer’s commands.

[uttomroy]

10 ways to get quality backlinks:

•Linkable Assets

•Business Association Links

•Resource Page Link Building

•Broken Link Building

•HARO

•Link Gap Analysis

•Provide Testimonials

•The Skyscraper Technique

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#Backlinks #guestpost #Dris

[tumovs]

In 2023, Apple can become the biggest bank

in the world 🤯

Without actually being a bank…

When you think about it, a bank effectively has:

1. A giant balance sheet

2. Lots of data and capabilities to process it

3. Distribution

4. A license and/or regulatory oversight

Apple has it all even without the banking charter.

More importantly, recent moves into Buy Now, Pay Later and Savings accounts are yet another building blocks for the Apple Finance empire showing the tech titan is seriously planning on diving deeper into the financial services sphere.

And it makes a ton of sense for Apple to become a bank (directly or not):

- Revenue diversification 📊 52% of Apple’s revenue today comes from a single product - iPhone. By doubling down on the finance sector, Apple would be able to diversify its revenue streams and tap into a stable and growing market. A case in point here could be Shopify which now makes 73% of its revenue from FinTech solutions.

- Strong brand recognition 🔥 Apple has the most valuable and trusted brand in the world. This brand recognition is a major advantage for the tech giant vs. any other FinTech or challenger bank. Plus, every 6th person in the world already has an iPhone in his/her pocket.

- Strong financial position 💸 Apple is a financially strong company with large cash reserves. With $20.7 billion in profit just in the last quarter and more than $23 billion of cash at hand, the tech giant has all the resources it needs to compete pretty much with anyone in the banking world. Also, with massive valuation declines in both public and private markets, it might be a brilliant time for Apple to go on a buying spree and further solidify its market dominance. Potential acquisitions could be Goldman Sachs’ consumer banking division aka Marcus, Revolut, or Dave.If Apple executes this strategy the way it does its software and hardware, it’s going to be massive.

And a game-changer to FinTech as we know it.

[hrtechnology25]

Investing for Women – Strategies for Building Wealth and Achieving Financial Goals

Women actively started joining the workforce in industrialized nations, and a huge boom was noted in their participation, especially in the 20th century. Even then, women were largely limited to poor status and low-paid jobs in the economy. They didn’t earn enough to even think of investing, it was at best a foreign concept to most. So the popular adage in the financial world that says ‘men invest and women save’ proves to be true for the most part. The situation in the higher education sector looked no different for women. Even top universities like Cambridge started validating degrees for women in late 1947.

Today, times have changed. Women have started acquiring C-level positions in the workforce. There sure still is a huge disparity between the percentage of men and women who occupy higher job positions in the workforce, but we’re getting there. The point is, women are still very new to the concept of investments. All they’ve ever had the money for was to allocate to necessities and save the remaining. Now that women do earn enough to start investing and building wealth, they also have to work on the risk-averse nature that stops them from taking any financial risk. The unique challenges and needs that they face in their entire life make it even harder for them to properly plan their retirement.

Crafting A Goal-Driven Investment Strategy

Having a specific goal can do wonders for your investment strategy. When you invest money with no distinct thought in mind you can sometimes be tempted to indulge in overspending. With a clear money strategy, you can get rid of this habit.

For Read More https://fintecbuzz.com/investing-for-women-strategies-for-building-wealth-and-achieving-financial-goals/

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

[atmosphericradar]

News outlets and modern discourse should replace the phrase "artificial intelligence" with "algorithmic decision-making".

It's far more accurate to what the software actually is. Demystify your tech-bro experience.