Tagged: Digital Economy

UK Fintech Modulr Secures Visa Ready Certification, which Helps Clients Access Seamless Digital Payments Solutions

UK-based Fintech firm Modulr reveals that they’ve managed to secure their Visa Ready certification, which supports customers in selecting the “best of breed payment solutions” that meet Visa’s international standards. As noted in an update from Modulr, the extended collaboration with Visa will help with… Read More

Chicago’s Startup Paro, a Provider of On-Demand Financial Expertise, Secures $25M via Series B

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

Virtual Banking: Bank Negara Malaysia Receives 29 Digital Banking License Applications, Up to 5 Will be Issued

Bank Negara Malaysia, the nation’s reserve bank, recently revealed that it received 29 different applications for a virtual bank license under the Financial Services Act 2013 and the Islamic Financial Services Act 2013. This has come after a 6-month application period, which came to an… Read More

Real Assets Fundraising has been Lagging, but Digital Infrastructure Emerges as Red-Hot Sub Strategy: Report

Real asset fundraising figures have “lagged recently,” with fundraising during the past 4 quarters reaching its lowest levels since “late 2012,” according to a new report from Pitchbook. As noted in the report from Pitchbook, infrastructure has managed to continue attracting considerable funding, meanwhile, the… Read More

Blockchain based Digital Identity Solution, Connect ID, from Australia’s eftpos Group to Serve as New Fintech Unit

Australia-based eftpos Group has introduced its new digital identity solution that will serve as a standalone Fintech division. The new initiative, called Connect ID and created with assistance from SecureKey, is currently live, with the stated goal of making it simpler for consumers in Australia… Read More

UK’s Digital Wealth Manager Hargreaves Lansdown Selects Fintech Stripe as Main Payments Partner

Stripe, a global tech firm which offers economic infrastructure for the Internet, reveals that it has been chosen by Hargreaves Lansdown, the United Kingdom’s leading digital wealth management service provider. Stripe will serve as Hargreaves Lansdown‘s main payments partner. Hargreaves Lansdown has selected Stripe for… Read More

Digital Identity: Payments Giant Mastercard Finalizes Acquisition of ID Verification Service Ekata

Mastercard (NYSE: MA) revealed on Friday (June 11, 2021) that it has finalized its acquisition of Ekata, a provider of identity verification services that assist companies or businesses with making informed decisions when opening online accounts, conducting payments and handling various other digital interactions. Ajay… Read More

Fintech 2025 Strategy Announced by Hong Kong Monetary Authority, Includes Comprehensive CBDC Plan

The Hong Kong Monetary Authority (HKMA) announced on Tuesday (June 8, 2021) the updated “Fintech 2025” strategy for promoting financial tech development in the Special Administrative Region of the People’s Republic of China. Eddie Yue, CEO at HKMA,  has outlined Hong Kong’s new Fintech strategy,… Read More

Salesforce CRM to Help Revolut Business Clients with Rethinking, Reshaping Management of Customer Interactions

The team at digital bank Revolut notes that being able to work effectively in a digital environment is very important for small businesses. After a year that challenged many SMEs globally to adapt and become more flexible due to the COVID outbreak, everything from customer… Read More

US Fintech Current Partners with Polkadot based DeFi Platform Acala to Launch Hybrid Finance Solutions

Current, a leading US-based Fintech firm serving Americans who are working to “create a better future for themselves,” recently revealed that it had teamed up with Acala, a decentralized finance (DeFi) platform developed on the Polkadot blockchain network. The partnership, which is reportedly the first… Read More

Philippines based Mobile Wallet PayMaya Becomes First Fintech to Use QR Ph for Transactions

PayMaya, a mobile wallet that’s operating under the purview of PLDT, has reportedly become the first Fintech firm to start using QR Ph for merchants. QR Ph was introduced by the Bangko Sentral ng Pilipinas (BSP), the nation’s central bank, with assistance from BancNet and… Read More

Kyle Sonlin: CEO at Security Token Market Discusses Potential Impact of Security Tokens on Global Financial System

We recently connected with Kyle Sonlin, CEO at Security Token Market (STM), which is focused on supporting the nascent blockchain-based security tokens space. Sonlin explained how the global financial system is evolving rapidly and how security tokens can help streamline many traditional business processes. Sonlin… Read More

Bhavik Vasa: CEO at Asian Revenue-based Financing Fintech GetVantage Says Startups Should Focus on Sustainable Growth

We recently caught up with Bhavik Vasa, founder and CEO at GetVantage, which is India and Southeast Asia’s first revenue-based financing Fintech platform. Vasa talked about the different challenges entrepreneurs face as they work on developing new products and services. Vasa explained how GetVantage‘s unique… Read More

Venezuelan President Says Country will Fully Transition to a Digital Economy as Certain Banks Issue USD based Debit Cards

Banks in Venezuela are reportedly issuing debit cards for US dollar-denominated accounts, according to a report from Reuters which cited sources familiar with the matter. There’s now a group of Venezuelan banking institutions that have been providing debit cards to customers who maintain accounts in… Read More

Hong Kong May Lead China’s Financial Integration Efforts with Major World Economies and Promote Digital Yuan Adoption

Hong Kong might lead China’s financial integration efforts with other countries and could also help promote the adoption of the digital yuan, according to government officials. But regardless of what Hong Kong actually does to fulfill its role, the special administrative region of the People’s… Read More

Fintech Firms May have Significant Growth Opportunities in Africa due to Increasing Demand for Digital Services: Report

A recent study carried out by the Mastercard Economics Institute revealed that the Coronavirus crisis has presented Africa with significant growth opportunities for Fintech firms. The study has noted that the industry should, this year, play a key role in promoting greater financial inclusion in… Read More

Digital Payments in Saudi Arabia Surged 75% YoY as Consumers Began Shopping Online More Frequently due to COVID

Digital payments in Saudi Arabia surged by 75% last year, as consumers increasingly began shopping online following the COVID-19 outbreak. Meanwhile, cash withdrawals from ATMs and other payment points declined 30% during the same time period. Point of sale (PoS) refers to a location where… Read More

Fuse.io, a Platform Leveraging DeFi Instructure to Help Turn Communities into Economies, Achieves #2 Spot on Product Hunt

Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that they’re proud to confirm that after Fuse Studio was shared on Product Hunt this… Read More

Australia and the UK to Extend Existing Fintech Agreement, While Supporting Financial Services Providers in Singapore

  Australia is reportedly planning to extend one of its Fintech agreements with the UK. The agreement is designed to help Fintech firms in each country by making it easier for them to acquire operational licenses. Both jurisdictions also aim to increase cooperation and collaboration… Read More

Australia-UK “Fintech Bridge” Is Under-Utilized, as there’s Significant Potential for New Agreements, Says Aussie Senator Jane Hume

Australia’s Senator Jane Hume has suggested that there’s significant potential for new international agreements to lead the nation’s Fintech companies into emerging financial markets. Hume pointed out that Australia’s present agreement with the UK to promote exports of Australia’s financial technology has not been used… Read More

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