Global

May 27, 2020 @ 12:27 am By Omar Faridi  |  

Fintech adoption in Qatar is on the rise, as more consumers are making digital or online payments, instead of using cash due to COVID-19. The nation’s residents have been asked to follow safe distancing measures in order to prevent the further spread of the Coronavirus…. Read More

May 26, 2020 @ 11:45 pm By Omar Faridi  |  

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App. HKT Financial Services offers mobile payments, merchant services, O2O… Read More

May 26, 2020 @ 11:44 pm By JD Alois  |  

Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into “new infrastructure” including areas like artificial intelligence (AI), blockchain, cybersecurity, big-data and more. This is according to a report in… Read More

May 26, 2020 @ 11:21 pm By Omar Faridi  |  

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and services, and taxes. The company’s electronic wallet may also be used to send money to friends and family members. There’s an… Read More

May 26, 2020 @ 7:01 pm By JD Alois  |  

Global consulting group Kearney has distributed a report predicting that 1 in 4 European bank branches will close in the next three yeas as the shift away from brick and mortar bank branches ups the pace. Kearney states the obvious that new customer habits, boosted… Read More

May 26, 2020 @ 3:36 pm By Samantha Hurst  |  

FNZ, a global platform-as-a-service provider, recently announced it has signed a deal with FinSwitch to provide a new blockchain-enabled administration utility for the South African fund management industry. According to FNZ, the partnership will enable trading, pricing, reconciliations, account opening, transfers, sharing of instrument data,… Read More

May 26, 2020 @ 3:15 pm By JD Alois  |  

Rangewell, a business finance firm that assists SMEs in accessing capital, has launched a dashboards tracking the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loans – two UK government programs providing support to smaller firms that have struggled in the wake of… Read More

May 26, 2020 @ 10:19 am By JD Alois  |  

  Do we need bank branches? No, not really, because old habits can be difficult to break. But the ongoing pandemic is accelerating a digital transformation that was already in play. Fintechs, or Fintech in general, is a big winner in this transformation as populations… Read More

May 26, 2020 @ 8:20 am By Omar Faridi  |  

UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, is planning to invest hundreds of millions of dollars of its own funds into various Fintech firms. As reported by Bloomberg (which… Read More

May 26, 2020 @ 8:09 am By Therese Torris  |  

  Chain Accelerator, an international startup accelerator specialized in the blockchain and cryptocurrency sector, announced it has been acquired by ON-X, a larger French consulting group specialized in digital innovation and digital integration. Chain Accelerator was founded in 2018 by Michael Amar and Nicolas Cantu,… Read More

May 26, 2020 @ 7:22 am By Omar Faridi  |  

More than 45% of over 5,000 survey respondents from 17 different countries said they preferred Bitcoin (BTC) over investments in stocks, real estate, and gold. The survey, which aimed to compare Bitcoin (BTC) adoption rates from 2017 to those in 2020, was performed by Tokenist,… Read More

May 25, 2020 @ 5:38 pm By Omar Faridi  |  

  Nobody really knows when Bitcoin (BTC) and other cryptocurrencies will be “vulnerable” to the threat from quantum computers, according to most experts in the field. Twitter and other social media users have been warning and reminding people that we should stay informed about the… Read More

May 25, 2020 @ 4:25 pm By Omar Faridi  |  

  We recently caught up with Jonah Schulman, the Head of Marketing at Security Token Market, a US-based company focused on a listing website for Security Token Offerings (STOs) from all over the world. The firm’s STO listings include basic information about the company and… Read More

May 25, 2020 @ 2:33 pm By Omar Faridi  |  

Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider, has argued that the United Kingdom still leads the evolving global digital banking sector. Lane, who has previously served in senior management roles at Oracle and Salesforce, writes that… Read More

May 25, 2020 @ 1:29 pm By Omar Faridi  |  

Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, which includes the ability to allow clients to quickly open new accounts – according to a recent review performed by Peter… Read More

May 25, 2020 @ 10:17 am By JD Alois  |  

Monzo is one of the top digital banks in the UK that is seeking to challenge old brick and mortar banks in Europe and elsewhere including the USA. The past few months of operations have not been without a few bumps as Monzo has seen… Read More

May 25, 2020 @ 9:21 am By Omar Faridi  |  

  Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger that recently secured $100 million in funding for its ongoing growth and development. The German neobank reports double-digit growth in the… Read More

May 25, 2020 @ 8:16 am By Omar Faridi  |  

Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnessed a significant increase in UK businesses that are now ready to accept payment cards. The lender notes that 70% of local… Read More

May 25, 2020 @ 8:04 am By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs will be hosting a conference call on May 27, 2020, which has been titled “US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin.” Interestingly, the conference has been scheduled after the bank published a… Read More

May 24, 2020 @ 11:35 pm By Omar Faridi  |  

An increasing number of transactions are being conducted online by the residents of the Philippines due to COVID-19. The nation’s government has confirmed that it will launch a branchless bank that will offer services to Filipinos working and living abroad. The digital bank will also… Read More