January 21, 2020 @ 9:01 pm By Omar Faridi  |  

Although the overall progress on reducing poverty has been steady during the past few decades, about half or 50% of the global population still has to live on less than $6 per day. Catalyst Fund is a newly established VC fund with a goal to… Read More

 Tagged africa, andrew stephenson, bill and melinda gates foundation, carol lake, catalyst fund, financial inclusion, india, investment fund, j.p. morgan, maelis carraro, mexico, nigeria, south africa, uk, uk aid, united kingdom

January 21, 2020 @ 4:15 pm By Samantha Hurst  |  

Neon, a Switzerland-based mobile banking app, announced on Monday it is eliminating extra fees for card payments abroad. The company revealed the exciting news by stating the following: “To pay so much in fees while abroad is just not ok anymore. Card payments and cash… Read More

 Tagged banking, digital banking, mobile app, neon, online banking, swiss, switzerland

January 21, 2020 @ 3:22 pm By Omar Faridi  |  

Kristal.AI, a Singapore-headquartered digital wealth management firm, has secured $6 million in capital via a Series A round, which was led by Chiratae Ventures (previously known as IDG Ventures). The Desai Family Office and several others including high-net-worth-individuals (HNWIs) also took part in the round…. Read More

 Tagged asheesh chanda, Asset Manager, chiratae ventures, genetic algorithms, hong kong, india, kristal.aI, singapore, tcm sundaram, wealth technology, wealthtech

January 21, 2020 @ 2:52 pm By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It… Read More

 Tagged financial technology, fintech, fis, fis fintech accelerator, program

January 21, 2020 @ 1:25 pm By Samantha Hurst  |  

Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, has reportedly secured $35 million through its Series B funding round. Along with the investment announcement, the company revealed it is now teaming up… Read More

 Tagged africa, fintech, flutterwave, investment, Lagos, series b, u.s., worldpay

January 21, 2020 @ 12:56 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

 Tagged financial technology, fintech, lulu financing, money transfer, moneygram, partnership

January 21, 2020 @ 12:12 pm By Samantha Hurst  |  

U.S. banking group TD Bank announced on Tuesday its recent survey revealed that half of corporate treasury and finance professionals do not believe an economic recession is a threat in 2020. According to the survey, payments fraud and cyber security risk are high on the… Read More

 Tagged economic recession, economics, financing, recession, survey, td bank

January 21, 2020 @ 12:09 pm By Omar Faridi  |  

UK-headquartered FTMarkets, a foreign exchange established in 2005, recently introduced its trading platform in Vietnam, allowing the residents of the Asian nation to download applications and perform foreign exchange transactions. FTMarkets provides investors MT4 and APP platforms for conducting trades and it doesn’t charge clients… Read More

 Tagged app, asia, ebixcash, foreign exchange, ftmarkets, india, mt4, mumbai, uk, united kingdom, vietnam

January 21, 2020 @ 12:07 pm By Omar Faridi  |  

Belgium-based financial services firm KBC has reportedly introduced a digital investment account operated entirely by a bot-based assistant, called Matti. The new online investment account is available to KBC customers and non-customers with a €1000 (appr. $1,110) minimum investment requirement. Matti was developed by the… Read More

 Tagged belgium, bolero, bot-based assistant, investment portfolio, kbc, matti, werner eetezonne

January 21, 2020 @ 9:52 am By Samantha Hurst  |  

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday Amazon has gone live with the dLocal local payments acceptance services in Chile. dLocal claims that the solution enables some of the world’s most innovative companies… Read More

 Tagged amazon, chile, cross-border payments, dlocal, e-commerce, payments acceptance service