NIUM Archives - The News Horizon

19 Nov

Nium to work with Prince William’s ‘United for Wildlife’ Financial Taskforce

The News Horizon0 CommentsBusinessDavid Fein, illegal wildlife trade (IWT), NIUM, Prajit Nanu, Pratik Gandhi, Prince William’s United for Wildlife (UfW) Financial Taskforce, the global platform for Modern Money Movement, UfW Financial Task Force

Company joins fight against Illegal Wildlife Trade Prajit Nanu founded NIUM, the global platform for Modern Money Movement, today announced it has joined Prince William’s United for Wildlife (UfW) Financial Taskforce, to take a stand against the exploitation of financial services for illegal wildlife trade (IWT). Founded by Prince William and The Royal Foundation, the UfW Financial Task Force comprises global financial institutions that use financial infrastructure to curb animal trafficking, promote cross-industry collaboration and establish best practices in identifying and reporting suspicious financial activity. Commenting on the new collaboration, Pratik Gandhi, co-founder and COO at Nium, said: “Financial institutions that move…

NIUM optimistic about USD 60T B2B payment opportunity

The News Horizon0 CommentsBusinessB2B payment, digital payments, FinTech segment, NIUM, Pratik Gandhi

Prior to the pandemic, only 33% of B2B payments were electronic, due to a lack of investment in foundational payments infrastructure as well as a lack of compatibility between electronic payment systems. Post COVID, however, real-time speed and global reach have become mandatory to business. Hence, businesses have accelerated their electronic payments investments. NIUM is optimistic about this. Business-to-Business (B2B) payments is an attractive FinTech segment where a large market opportunity and relatively limited adoption of digital payments has created significant growth opportunities for digital disruptors. Companies have realised that- The current infrastructure for global payments is antiquated and slow. The need for global reach is…

89 per cent CEOs believe that streamlining payments is key to competitive advantage: NIUM

The News Horizon0 CommentsBusinessglobal payments network, global platform for modern money movement, Modern money movement, NIUM, streamlining payments

The recent 'Essential Payments Transformation' report released by NIUM in August 2022 highlights the need for a 'Global by Default' approach to modern money movement. As part of the report, NIUM- the global platform for modern money movement- spoke to 172 business leaders and summarised that global businesses have unfortunately been relying on a fragmented patchwork of solutions to move money. 89% CEOs say that streamlining payments is key to competitive advantage. Modern money movement can help accelerate growth, maintain competitive advantage, and retain market share in the future. The way the world works and moves money has changed irreversibly. Hence,…