Fintech

Alibaba-backed fintech Akulaku secures HSBC financing, aims for double-digit growth

Akulaku, which started operations in 2016, has a presence in the Philippines, Malaysia and Thailand, plus Indonesia, the major market for the company as it has a huge tech-savvy population. The firm disbursed around $3.5 billion of loans last year, 25% higher than the previous year, and saw “mild growth” of around 20% in revenue …

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Crypto Passive Income: Five ways to make long-term passive income in crypto

The cryptocurrency world provides multiple avenues to earn passive income beyond capital appreciation. From mining to staking, lending to gaming, there are hundreds of routes to earning a passive income in the industry. The problem with passive income in crypto is it tends to diminish over time. Fortunately, we’ve found five long-term passive income options …

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Cashfree launches risk management and fraud prevention tool RiskShield

Online merchant-focused Cashfree said this product will enable users to block transactions from specific mobile numbers, email addresses, IP addresses, Card BIN, UPI handles, and card numbers. This will ensure better risk management and fraud compliance. According to the company, merchants using Cashfree Payments’ orchestration platform FlowWise introduced last year can incorporate RiskShield to prevent …

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Cryptocurrency Price Today: Bitcoin holds near $66,200; BNB, XRP jump over 5%

The total volume in DeFi is currently $10.56 billion, 9.25% of the total crypto market 24-hour volume. The volume of all stablecoins is now $102.4 billion, which is 89.71% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. In the last 24 hours, the market cap of Bitcoin, the world’s largest …

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‘Fintech platforms are agile, but increase risk of misuse’

RBI deputy governor Swaminathan J discussed the rise of ‘agile’ fintech platforms at the Global Money Week 2024 in Paris, emphasizing the need for robust regulatory frameworks, cybersecurity measures, and consumer awareness to mitigate fraud risks. “Despite all these measures, unauthorised transactions due to compromised credentials from phishing attacks or customer negligence are not uncommon,” …

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