Fintech

GK ONE: Fintech Juggernaut in the making

Just like its counterpart Lynk, GraceKennedy’s GK ONE app wants a piece of the digital receipt and payments pie. The new mobile app has received over J$290 million in Western Union remittances since its launch in November 2022. The...

Silicon Valley Bank collapse brings back fresh memories of last financial crisis

They say that history doesn’t usually repeat itself but it rhymes, well in this case that might be true. Today we got a glimpse of what is to come if the FED doesn’t intervene and help mitigate the situation....

JN Bank has been given the approval to distribute JAM-DEX

The Bank of Jamaica has given JN Bank Limited the green light to operate as a wallet provider which will now allow JN to distribute JAM-DEX. JAM-DEX is the digital currency that the BOJ has been promoting over the...

Artificial Intelligence for finance, a revolution that’s already upon us

From automating financial processes to improving risk management, AI has the potential to significantly improve efficiency and accuracy in the financial sector. One of the most promising applications of AI in finance is in the area of financial forecasting. By...

Lynk looks to expand in 2023 and build upon its recent success

Lynk has been expanding rapidly since its inception roughly over a year ago. It closes the year with over $1.5 billion in transactions and over 180,000 registered users. Vernon James, CEO of Lynk is very proud of what the company...

FESCO partners with Lynk to integrate a new payment option for customers

FESCO is partnering with Lynk in a deal that will allow customers to make mobile payments through Lynk’s platform. This partnership is a win-win for both sides, as FESCO is looking to give customers a digital experience that is...

NCBFG subsidiary TFOB gets green light to target the remittance market

NCB subsidiary gets license approval to target the remittance market. This subsidiary TFOB (2021) Limited (The Future of Business), is solely focused on new technologies and is basically responsible for pushing NCB into the future of fintech. One of the...

Binance is on the verge of bailing out FTX from collapse with a potential takeover

Binance, the world’s largest crypto exchange is on the verge of acquiring FTX potentially saving the company and the crypto industry from a collapse on levels we have not seen. FTX has been experiencing challenges in the market over...

US DOJ strikes again, seizes $3.36 billion of illicit cryptocurrency

The U.S. Department of Justice on Monday declared that law enforcement captured $3.36 billion of bitcoin from a man who "unlawfully got" more than 50,000 bitcoin from the dark-web market Silk Street a long time back. The U.S. Attorney for...

Seedja: Taking the hassle out of attaining a financial service

Seedja is a software application that is looking to bring financial services to a much wider audience. They are looking to bring it to an audience that might never have had the chance to attain a loan from the...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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