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February 3, 2024

Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.

In this edition,

Navigating the EU AI Act: A strategic guide for AML and fraud prevention in banking : The European Parliament’s AI Act to impose stricter compliance obligations on financial institutions for anti-money laundering and fraud teams, while, it however aligns with existing regulatory bodies, allowing banks to navigate without excessive burdens

Saudi Arabia Fintech Market Size & Share Analysis – Growth Trends & Forecasts : The Saudi Arabia Fintech Market is projected to grow from USD 39.04 million in 2023 to USD 69.23 million by 2028, driven by young entrepreneurs and Saudi Vision 2030’s efforts to make data and AI a reality. The largest segment is digital commerce, with smartphone payment transactions increasing by 352%.

Klarna and PayPal Close Behind Zip in Provider Ranking of BNPL : PYMNTS ranks the most popular Buy Now, Pay Later (BNPL) apps, with PayPal, Klarna, Affirm, Afterpay, Sezzle, Uplift, Laybuy, Four, Humm, and ViaBill being the top providers, as some offer interest-free payments over time

Visa enables Crypto Withdrawals on Debit Cards : Visa works with Transak to enable cryptocurrency withdrawals and payments through the Visa Direct solution, allowing users to withdraw cryptocurrencies from wallets like MetaMask to Visa debit cards, convert them to fiat, and pay at 130 million merchant locations


6th Cohort Professional Certificate Training in Financial Technology(FinTech) and Innovations : From February 1-2, this training is expected to power a new group of individuals and companies in FinTech Innovations through knowledge & skills set training at the Kofi Annan ICT Centre, Accra-Ghana & Online. Click here to register


22nd Finnovex North Africa 2024 : Finnovex North Africa, this year, is focused on digital transformation in the financial sector, to be held in Cairo, Egypt, with 200+ attendees to learn about specific technologies, connect with peers, and meet with leading solution providers to drive the future of finance in North Africa, focusing on digital accessibility, commercial banking evolution, secure financial systems, and governmental support


FIS Launches Networking Program for FinTech Startups : FIS has launched its 2024 Fintech Hangout Series, connecting FinTech startups, investors, and financial institutions. The 12-week program aims to spark conversations, share best practices, and showcase FinTechs’ work during a challenging startup period with tight funding and doubled startup failures

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