Tagged: digital transformation

Salesforce Dir of Strategy, Architecture Reveals he “Successfully” Tested Enterprise “Adoption Ideas” on Leading Blockchain Platform VeChainThor

The VeChain Foundation, which aims to support the development of VeChain, a leading blockchain platform, reports that their community’s vision “remains steadfast” which is focused on delivering the “mass adoption of public blockchain” while addressing key business challenges that may be “unworkable without this emerging,… Read More

Digital Banking: Philippines based OFBank Acquires the Country’s First Virtual Bank License

Overseas Filipino Bank (OFBank), which is a wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK), has managed to acquire an operational license following the introduction of the Bangko Sentral ng Pilipinas’ (BSP) updated virtual banking guidelines. OFBank was reportedly provided a digital banking… Read More

Australian Banking Challenger Judo Bank Shares Top Factors SMEs Need their Banking Service Providers to Deliver

Australia-based banking challenger Judo Bank has released an SME Banking Insights report for February 2021. The extensive report notes that the Australian small to medium-sized enterprises (SME) segment remains the “largest battleground for revenue, profit and growth.” The report adds that this particular segment is… Read More

Leading Gaming Hardware Firm Razer Reports $1B in Annual Revenue, with Fintech Services Now a Significant Contributor

Razer, a leading gaming hardware producer, has managed to diversify its business operations during the past few years. Razer CEO and Co-founder Min-Liang Tan first launched the company in 2005 with the goal to develop a computer mouse that would be ideal for avid gamers…. Read More

Real-Time Data Integration Platform Striim Secures $50M via Series C led by Goldman Sachs Growth Equity

Striim, Inc., provider of a real-time data integration service, has acquired $50 million in funding through a Series C round that was led by Goldman Sachs Growth Equity. Summit Partners, Atlantic Bridge Ventures, Dell Ventures, Bosch Ventures made contributions to the investment round as well…. Read More

Malaysian Digital Wallet Provider Boost Joins PayNet Real-Time Retail Payment Platform

Digital wallet provider Boost recently revealed that it’s now a part of the PayNet Real Time Retail Payment Platform (RPP). Boost confirmed that it will be adopting DuitNow QR (beginning on March 26, 2021). DuitNow QR is the national QR code standard used in Malaysia…. Read More

Bank Closures Continue Across the Globe, as Digital or Online Banking Becomes the Norm in Post COVID World

George Holland, Mayor of Moorhead, Mississippi, recalls the feeling he experienced when  Regions Bank announced it was shutting down its physical branch in his town just a few years back. As reported by NPR, Holland noted that it was the only banking service provider in… Read More

Islamic or Sharia-Compliant Fintech Services are Increasingly being Adopted in MENA Region and Globally

Islamic or Sharia-compliant Fintech services are being increasingly adopted in Saudi Arabia, the United Arab Emirates (UAE) and internationally as well, according to a report from Arabian Business. As reported by the news outlet, the largest transaction volumes have come from Saudi Arabia, the UAE,… Read More

James Teodorini from Currencycloud Reveals how Salary Finance Services are Improving Financial Wellbeing of Workers

Currencycloud, a cross-border payment platform, notes that a lot has changed since March 2020, when the financial markets crashed (after awareness about COVID became more widespread). The COVID crisis has led to the largest global upheaval since the past few decades. It has touched the… Read More

Accenture Report Reveals Most Banking Board Members Lack Technology Background to Manage Modern Financial Institutions

Although banking platforms have been upgrading their legacy technology stacks and making substantial investments into their digital transformation strategies, their boards of directors still don’t have the tech-related expertise needed to effectively manage modern financial institutions. A report from Accenture reveals that only 10% of… Read More

More than $140M in Equity Capital and $210M in Debt Capital Raised by PitchIt Startup Competition at LendIt Fintech USA

The team at LendIt Fintech USA notes that if the last year has taught us anything, it’s that “innovation” in Fintech has only just started. LendIt Fintech is now challenging early-stage company founders to “”take a chance and compete in PitchIt.” PitchIt at LendIt Fintech… Read More

Australia Is Home to At Least 733 Active Fintech Firms, Up from 629 in September 2019: Report

Australia is currently home to at least 733 active Fintech firms, up considerably from 629 back in September 2019, according to the KPMG Fintech Landscape 2020 map. This represents an increase of 104 firms that joined the nation’s financial technology industry between September 2019 and… Read More

Banks Must Invest in Digital Transformation and Need to Think About Deployment of Fintechs and Value-Added Services, Industry Exec Says

Banking Circle, a financial infrastructure developer, notes that digitalization “dramatically accelerated” in order to address the challenges of 2020. Banking Circle writes in a blog post that having had to innovate (and fast) due to the socioeconomic challenges created by COVID-19, banking institutions are now… Read More

Fraudulent Activities via Online Platforms have Increased Significantly as More Transactions are Now Conducted via the Internet

The COVID-19 outbreak has forced individuals and businesses to adopt new working practices and move their operations online. This has led to a considerable increase in fraudulent activities being carried out via digital platforms, because many more transactions are now conducted online or via the… Read More

Ireland based Fintech Fenergo Hires Gary Brookes as Head of Sales for Asia as Company Continues to Expand Global Operations

Dublin-based Fenergo, a Fintech company focused on supporting digital transformation initiatives, has announced the appointment of a new Asia Head of Sales who will be leading growth operations and executing on Fenergo’s innovative Cloud strategy in the APAC region. Fenergo has hired Gary Brookes to… Read More

Fintech and Healthcare focused Oak HC/FT to Allocate $1.4B in Fresh Capital to Support Innovative Projects

Oak HC/FT, which is focused on the future of Fintech and Healthcare, is launching the Oak HC/FT Fund IV as the organization continues its “pursuit of extraordinary opportunities.” Oak HC/FT notes that when looking back on an “exceptionally challenging” year due to the COVID-19 pandemic,… Read More

Fintech Consumers of 2030 could be More “Data-Aware” and “Discerning” in What Information They Share, KPMG Report Predicts

Big Four auditing firm KPMG in Australia has released a report, titled, The 30 Voices, which aims to cover “every facet” of financial services and beyond. It features insights related to developments from incumbents to banking challengers, Big Tech firms to investors, legislators to academics…. Read More

Advanced Facial Biometrics Now Being Used by Singapore’s DBS Bank to Perform Data Authentication and Verification

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, is reportedly using facial biometrics for handling online corporate account opening processes for small businesses. This should help the bank with speeding up information authentication and verification…. Read More

Indian Neobank RazorPay Reveals that Number of Digital Payments via Platform have Increased 80% YoY

If we ask people to name their “best” or “worst” year ever, their answers might differ, RazorPay notes. However, if we want them to arrive at the “most-common answer” (in terms of unprecedented challenges due to COVID-19), then last year’s pandemic would probably be it,… Read More

China Fintech 50 Report Updated to Reflect Financial Tech Industry’s Rapid Growth, includes AirWallex, JD Digits, OneConnect, WeLab, Others

Happy Buddha

Big Four auditing company KPMG recently published its annual selection of China’s top Fintech firms. This year, the China Fintech 50 report was updated to include 100 companies to showcase the financial technology industry’s rapid growth and fast-evolving landscape. The 2020 China Fintech 50 list,… Read More

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