Tagged: fintech adoption

October 9, 2020 @ 8:31 am By Omar Faridi  |  

UK-based Fintech Payhawk, a corporate expense management solution provider that secured €3 million in seed funding in March 2020, notes that “the ticket to ride the rollercoaster of hype in any emerging technology is expensive.” Hristo Borisov, the co-founder and CEO at Payhawk who’s focused… Read More

October 7, 2020 @ 10:00 pm By Omar Faridi  |  

Abu Dhabi’s ADQ is reportedly planning to launch a digital banking platform. ADQ, which operates as a state-managed holding firm, confirmed that it will establish a virtual bank in the United Arab Emirates (UAE). As reported by Reuters, the ADQ said it would be using… Read More

October 7, 2020 @ 1:29 pm By Omar Faridi  |  

Almost 80% or four out of five banks had claimed that they don’t have the technology required to offer the best customer experience. This, according to Forrester’s Global Financial Services Architecture Survey Q3 2019. Forrester had noted that banks should consider looking into digital banking… Read More

October 6, 2020 @ 11:45 pm By Omar Faridi  |  

PAYMYNT Financial Group, a company that offers a financial growth app that combines digital commerce and investments with universal cashback and crypto, has pointed out that new research shows that less than half or 50% of bank customers are “highly engaged” with their local banking… Read More

October 6, 2020 @ 6:13 pm By Omar Faridi  |  

Joel Edgerton, COO at bitFlyer, a crypto-asset exchange that’s licensed to operate in Japan, the United States, and Europe, recently shared his views about the court case and charges brought against the Bitcoin Mercantile Exchange (BitMEX), a leading digital asset derivatives exchange. Edgerton also shared… Read More

October 5, 2020 @ 11:55 pm By Omar Faridi  |  

Monica (Appelbe) Long, SVP of Marketing at American Fintech Ripple, says that we’re all in the midst of a global climate crisis—”one that is impossible to ignore.” Long confirms that efforts are being made by many countries to “avert the worst-case climate scenarios.” Organizations and… Read More

October 5, 2020 @ 10:27 pm By Omar Faridi  |  

The role of Fintech platforms and services in supporting public services in Indonesia has become more prominent and relevant due to the global COVID-19 outbreak. Fintech service providers are now offering more digital payments options which allow Indonesians to pay for everyday expenses, instead of… Read More

October 4, 2020 @ 5:01 pm By Omar Faridi  |  

Michael Gerber, CEO of 360F, a Fintech firm that offers automated financial advice, has been focused on expanding the company’s operations into the MENA region. Gerber previously worked as the Managing Partner and CEO of a globally active management consultancy company. His professional career began… Read More

October 4, 2020 @ 4:53 pm By Omar Faridi  |  

Commonwealth countries are planning to further tap into the potential of Fintech applications. A new toolkit has been introduced to help countries with harnessing the potential of financial technology in order to achieve inclusive economic progress. The toolkit has reportedly been developed as a response… Read More

October 4, 2020 @ 4:04 pm By Omar Faridi  |  

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions. Expressing views… Read More

October 3, 2020 @ 7:32 am By Omar Faridi  |  

Fintech Saudi, an initiative that’s supported by startup accelerator, Flat6Labs, has announced that it’s launching a 3-months-long innovation and entrepreneurship program. The program will aim to bring together Fintech Saudi’s extensive MENA region market reach and Flat6Labs’ resources, in order to provide up to 10… Read More

September 28, 2020 @ 9:45 pm By Omar Faridi  |  

Fintech firms in Qatar are focused on improving the customer experience by providing more accessible financial services. Fintech solutions providers are helping with enabling greater financial inclusion, lower operational costs, and offering better security for applications, according to Burak Zatiturk, the Financial Services Leader at… Read More

September 28, 2020 @ 9:16 am By Omar Faridi  |  

Sridhar Iyer, the Executive Vice President and Head of Mashreq Neo (the digital banking division launched in 2017), recently noted that the United Arab Emirates (UAE) has one of the highest smartphone or mobile Internet penetrations rates in the world. Iyer claims that the UAE’s… Read More

September 27, 2020 @ 4:25 pm By Omar Faridi  |  

Indonesia’s regulatory authorities and local Fintech firms have been focused on creating a balance that will support innovative projects in the country, while maintaining regulatory guidelines that ensure consumer protection. Triyono, the head of Indonesia’s Financial Services Authority (OJK), stated on September 25, 2020, that… Read More

September 27, 2020 @ 10:00 am By Omar Faridi  |  

Malaysia’s Razer Fintech, the Fintech division of Razer (a multinational financial service provider), has teamed up with Singapore’s Lifestyle Marketing SaaS (software-as-a-service) provider, Perx Technologies, in order to provide better mobile-first customer engagement for financial services. Through the partnership, Razer Fintech will focus on transforming… Read More

September 24, 2020 @ 8:26 am By Omar Faridi  |  

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

September 23, 2020 @ 10:25 pm By Omar Faridi  |  

The Israel Competition Authority, which is tasked with maintaining and promoting competition in the nation’s economy, has released a report in which it notes that traditional banks think Fintech firms are their rivals and are attempting to block or prevent their entry into the Israeli… Read More

September 22, 2020 @ 7:14 pm By Omar Faridi  |  

Mohammed Al Beloushi, CEO at Barker and Booth Commercial Agency LLC, has confirmed that his company will make a strategic investment into the operations of Israel-based Fintech firm Fintica AI LLC, a deal made after the signing of the Abraham Accords – which is the… Read More

September 21, 2020 @ 7:49 am By Omar Faridi  |  

Sadie Williamson, founder of Williamson Fintech Consulting, notes that the rise of Fintech may be considered the small business ecosystem’s “biggest game-changing” developments of the past several years. Williamson acknowledges that Fintech products aren’t yet mature enough to fully replace legacy banking systems. However, she… Read More

September 18, 2020 @ 6:23 pm By Omar Faridi  |  

Industry professionals in Indonesia are calling on Fintech firms to expand their operations outside of Java and partner up with the nation’s government in order to cater to the requirements of the unbanked population. Only 23% of Fintech firms in the country have a reach… Read More