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South African Trading Partner Announces A New Partnership To Enhance Verification Security

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iDenfy, a Lithuania-based RegTech company best known for its full-stack ID verification service, announced a new partnership with RaiseFX, a prominent player in the online CFD broker sector. This partnership will help RaiseFX create a user-friendly ID verification workflow, enabling users to access trading and investment opportunities in seconds. RaiseFX is a player in the highly competitive online CFD trading market. CFDs (i.e., Contracts for Difference) are financial instruments that enable speculation on upward or downward fluctuations in an underlying asset without assuming ownership. When engaging in CFD transactions, in essence, you are investing in a financial derivative as well. The company offers to trade CFDs with a competent license and advantageous conditions.

RaiseFX stands out from other competitors because of its unwavering commitment to customer success. It comprises a team of passionate traders who ensure that the trading conditions play in client satisfaction and success side. To create an unparalleled experience, RaiseFX has introduced a unique offer, currently regarded as the best on the market. The platform utilizes MetaTrader 5 all-in-one trading platform with over 500+ product assets on the catalog. The platform is renowned for having an easy-to-use interface with many customization options.

However, with the increasing rate and cost of data breaches, RaiseFX recognizes the need for robust cybersecurity measures. In 2021, 323,972 internet users reported falling victim to phishing attacks, and during the height of the pandemic, phishing incidents rose by 220%. Additionally, in a recent survey, 3% of small and medium-sized enterprises agree that cybersecurity concerns need immediate action, with 78% stating they will increase investment in cybersecurity in the next 12 months.

To address these challenges, RaiseFX has decided to proactively protect itself from cyber attacks, prioritizing the safety of the customer onboarding experience. Seeking a reliable partner for business security and improved operational efficiency, RaiseFX carefully selected iDenfy over other potential collaborators. iDenfy’s exceptional industry reputation and comprehensive suite of security solutions made it the ideal choice. RaiseFX has seamlessly integrated iDenfy’s identity verification and Anti-Money Laundering (AML) screening solutions, ensuring a secure and compliant trading environment for users.

The collaboration with iDenfy has proven to be highly needed in overcoming significant challenges faced by RaiseFX. Key issues related to fraud prevention, streamlined onboarding processes, and compliance with regulations have been effectively addressed, thereby fostering a more secure and efficient trading platform. At the core of RaiseFX’s priorities lies an unwavering commitment to customer satisfaction, security, and providing the best trading conditions in the industry.

David Bottin, CEO of RaiseFX, declares, “Our commitment is to create an environment where our clients can thrive. By ensuring customer satisfaction, robust security, and the best trading conditions, we are setting new standards in the industry. Our collaboration with iDenfy is a strategic move towards enhancing the security and efficiency of our platform. Together, we aim to set new standards in the realm of financial technology.”

The collaboration between RaiseFX and iDenfy is not just a one-time venture. According to iDenfy, it will mark the beginning of a dynamic partnership committed to continuous innovation and growth. Both companies are dedicated to staying at the forefront of industry advancements, consistently exploring new technologies and strategies that will further enhance the online CFD trading experience for users.

“Teaming up with RaiseFX is an opportunity to empower a business that takes confident steps towards success. Our solution plays a crucial role in verifying and preventing fraud, ensuring the seamless execution of global solutions. We are committed to enhancing efficiency and compliance for RaiseFX’s innovative platform.” — said Domantas Ciulde, the CEO of iDenfy.

As RaiseFX and iDenfy embark on this transformative journey together, both companies are committed to delivering innovative solutions that empower traders and contribute to the evolution of the online CFD trading sector. The partnership signifies a substantial step forward in shaping a more secure, efficient, and customer-centric trading experience.

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Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)

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As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.

Chime’s Quiet Step Toward Public Markets

Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.

With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.

Source: Bloomberg

ZBD’s Pioneering Achievement: EU MiCA License Approval

ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.

MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.

Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.

Source: Coindesk, PR Newswire

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The Fintech-Credit Union Synergy: A Blueprint for Innovation

The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.

This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.

Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.

Source: PYMNTS

Tackling Student Loan Debt: A Fintech’s Mission

Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.

The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.

As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.

Source: RBJ

Industry Implications and Takeaways

Today’s updates underscore several key themes shaping the fintech landscape:

  1. Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
  2. Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
  3. Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
  4. Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.

 

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SPAYZ.io prepares for iFX EXPO Dubai 2025

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Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.

SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.

Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.

“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”

Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.

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Airtm Enhances Its Board of Directors with Two Strategic Appointments

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Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.

“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”

Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.

Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.

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