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Banking as a Service (BaaS) and Embedded Finance are two related concepts but they serve different purposes in the financial services landscape. Here’s a breakdown of each: Banking as a Service (BaaS) Definition: BaaS refers to the backend services that banks offer to fintech companies and other businesses to provide financial services without needing to…

On 20th of April 2023, the European Parliament has finally voted and adopted the new legislative changes in the European Union concerning cryptocurrency in the form of the Markets in Crypto Assts (MICA) Regulation. Moreover, since MICA is the Regulation, it is directly applicable among the Member States without a need for any additional transposition into national…

Binance has registered its services with the dual regulatory structure in France, which includes the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). After a year of heavy regulatory scrutiny, the new approval will help the crypto giant in boosting its operational plans across the European continent. The…

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population…