Tagged: fintech adoption

October 25, 2021 @ 6:26 pm By Omar Faridi  |  

During the past year, the Fintech sector in Saudi Arabia has experienced steady growth. This, according to the Fintech Saudi Annual Report for 2020/2021. The number of Saudi Arabia-based Fintechs increased by 37% with an investment amount surpassing SAR 1.3 billion (appr. $347 million). Nejoud… Read More

October 23, 2021 @ 3:35 pm By Omar Faridi  |  

Carbon footprint tracking firm Cogo has completed a $20 million Series A round, which has been announced just a few weeks ahead of the COP26 UN climate summit. The impact-led Fintech firm has reportedly entered strategic partnerships with major banking institutions, which came ahead of… Read More

October 21, 2021 @ 9:13 am By Omar Faridi  |  

Swedish Fintech firm Dreams has appointed Stefan Krafft as its new VP of B2B Marketing to support the next phase of international expansion Dreams, the financial wellbeing platform and leader in engagement banking solutions, notes in a release shared with CI that Krafft will focus… Read More

October 20, 2021 @ 4:21 pm By Omar Faridi  |  

Glia, a provider of Digital Customer Service, has announced that Liberty Bank has chosen its Digital Customer Service platform. By leveraging Glia’s platform, the bank will be able to digitize its customer service model, “resulting in an easier, more streamlined customer experience as well as… Read More

October 20, 2021 @ 11:45 am By Omar Faridi  |  

Constellation Digital Partners have introduced a digital service for Farmers Insurance Federal Credit Union (FIGFCU) on the Constellation platform. This launch reportedly includes support for member enrollment and authentication, with Android and iOS application support. The digital service FIGFCU comes with a location finder from… Read More

October 19, 2021 @ 2:25 pm By Omar Faridi  |  

Finastra reveals that Workers Credit Union has chosen Fusion Phoenix as its Core banking solution to grow its membership, “future-proof its business and strengthen its position against competitors, including digital banks.” Workers Credit Union will reportedly use Fusion MortgageBot, Fusion ECM, Fusion Originate, Fusion Analytics,… Read More

October 18, 2021 @ 10:07 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) signed an agreement with Dubai International Financial Centre (DIFC), the international financial center in the MEASA region, in order to collaborate on the development and growth of the UAE’s Fintech sector “through joint initiatives and activities.” The agreement… Read More

October 18, 2021 @ 2:40 pm By Omar Faridi  |  

Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech’s Mass Adoption Moment. The report noted that as Fintech adoption approaches “parity” with traditional banking (95% of consumers are banked), it’s also become the main way that most consumers manage their… Read More

October 14, 2021 @ 7:50 am By Omar Faridi  |  

SumUp, the London-headquartered payments service provider with more than 2,800 employees across three continents, confirms its acquisition of Fivestars, which is one of America’s largest two-sided local commerce networks that “combines a marketing platform with integrated payments.” SumUp has reportedly paid $317 million for the… Read More

October 12, 2021 @ 9:50 pm By Omar Faridi  |  

Broadway Technology, a provider of high-performance front-office solutions, reveals that it has hired two Fintech industry professionals as part of its efforts to expand its international business development team. Broadway Technology noted that they continue to make investments in top industry talent in order to… Read More

October 12, 2021 @ 10:15 am By Omar Faridi  |  

Moneybrain, an international Fintech platform, reveals that it has joined Visa’s Fintech Fast Track program, in order to accelerate the process of integrating with Visa and “allowing Moneybrain to more easily leverage the reach, capabilities, and security that Visa’s global payment network offers.” As mentioned… Read More

October 12, 2021 @ 7:54 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is teaming up with Demica, a major Fintech focused on working capital solutions, in order to streamline access to the bank’s supplier finance program,  allowing easier enrolment for suppliers via an online portal while providing a seamless experience for the Bank’s… Read More

October 11, 2021 @ 9:37 pm By Omar Faridi  |  

UK-based Proptech Goodlord, the lettings tech and services platform, has reportedly acquired the Fintech app provider, acasa, in order to wider the range of services it provides to letting agents and their landlords and tenants. As first reported by Mortgage Introducer, acasa is a Fintech… Read More

October 10, 2021 @ 4:38 pm By Omar Faridi  |  

Payments are entering a new “experience-driven” era (Payments 4.X1), “ushered in by an accelerated transformation timeline” because of the Coronavirus crisis and the increasing virtual appetite of clients, according to the World Payments Report 2021 released by Capgemini. As noted in a release: “With the… Read More

October 10, 2021 @ 1:27 pm By Omar Faridi  |  

Nexi, the European Paytech firm, has reportedly obtained approval for its CO2 emissions reduction targets for Nexi in Italy by the Science Based Target initiative (SBTi) – the global network born from the collaboration between WRI, CDP, WWF and the United Nations Global Compact. In… Read More

October 6, 2021 @ 11:17 pm By Omar Faridi  |  

WeLab, an established Fintech firm in Asia, has introduced an innovative subscription program for buying Apple products with Apple authorized resellers, Subscribe+ for Apple Products. Clients are able to purchase Apple products via the subscription program using the newly launched WeLab Pay that’s powered by… Read More

October 6, 2021 @ 8:20 am By Omar Faridi  |  

Thousands of Catalan residents celebrated the launch of the first community virtual bank account, El Canut, by registering to open a new account on October 1, 2021 – which is an important date on the Catalan calendar, as it marks the anniversary of the independence… Read More

October 5, 2021 @ 7:19 pm By Omar Faridi  |  

Qatar Fintech Hub (QFTH), established by the Qatar Development Bank (QDB) to support the growth of the Fintech industry in the Middle Eastern country, published its first whitepaper on the current state of the fast-evolving Fintech ecosystem in the MENA region. Titled “From Qatar to… Read More

October 3, 2021 @ 10:29 pm By Omar Faridi  |  

Chase has teamed up with 10x Banking, the UK-headquartered Cloud-native banking tech business, in order to create a modern technology platform that has “powered Chase’s entry into the UK retail banking market.” During the last two years, 10x and Chase have been working cooperatively to… Read More

October 3, 2021 @ 11:26 am By Omar Faridi  |  

Money transfer Fintech firm TransferGo has acquired $50 million in capital in order to support its digital payments transformation efforts. Focusing on enhancing global funds transfers, TransferGo‘s Series C investment round was reportedly led by Elbrus Capital Fund III and Black River Ventures. The fundraise… Read More