Tagged: fintech adoption

September 17, 2020 @ 10:40 pm By Omar Faridi  |  

Fintech solutions, retail focused platforms, and information communication technology or ICT software programs are expected to lead the blockchain or distributed ledger tech (DLT) revolution, according to a new report. The findings of CIVITTA’s report reveal that finance, retail, and ICT solutions are the “most… Read More

September 16, 2020 @ 9:45 pm By Omar Faridi  |  

Satya Nadella, CEO of Microsoft, recently noted that we’ve experienced two years of digital transformation in just two months due to the acceleration of the shift towards all-digital platforms and services following the COVID-19 outbreak. Business ideas that may have been considered unthinkable or inconceivable… Read More

September 16, 2020 @ 7:41 am By Omar Faridi  |  

Germany has one of the world’s most active Fintech sectors. It has become increasingly competitive with many new ventures being launched. There are more than 800 Fintech firms in Germany and $2.2 billion has been invested into the sector between January 2019 and August 2020,… Read More

September 15, 2020 @ 11:53 pm By Omar Faridi  |  

The digital technology sector in Scotland has reportedly been growing as fast (if not faster) than that of London and the South East for the past few years. E-commerce giant Amazon is now planning to create new jobs for the residents of Dundee and Fife…. Read More

September 12, 2020 @ 2:58 pm By Omar Faridi  |  

Fintech Australia, a member-driven organization that’s focused on supporting the financial technology ecosystem in the country, has reportedly teamed up with Big Four auditing firm Ernst & Young Australia (EY). Through the partnership, both organizations will aim to support EY’s further involvement in local Fintech… Read More

September 11, 2020 @ 10:43 am By Omar Faridi  |  

The MENA region’s digital payments sector is projected to grow by 6.5% from 2020 to 2021. The Coronavirus crisis may have accelerated the shift towards the adoption of all-digital platforms and services, including virtual payments. The MENA region’s Fintech industry participants recently noted that the… Read More

September 10, 2020 @ 9:39 pm By Omar Faridi  |  

The Middle Eastern country of Bahrain has identified key focus areas to further develop its economy. The nation’s government has outlined a national strategy for supporting digital commerce. Zayed Alazayani, the Industry, Commerce and Tourism Minister, stated that the Kingdom will be introducing new laws… Read More

September 9, 2020 @ 10:25 pm By Omar Faridi  |  

Payments giant Mastercard has teamed up with the Qatar Development Bank (QDB) in order to support the ongoing development of the nation’s Fintech sector. Through the partnership, Mastercard and QDB will support the Qatar Fintech Hub (QFTH), which is a technology ecosystem that aims to… Read More

September 9, 2020 @ 9:36 pm By Omar Faridi  |  

Vietnam reportedly doesn’t have enough skilled professionals needed to support the growth of the nation’s Fintech focused economy. The Southeast Asian country is home to more than 96 million residents, making it the world’s 15th most populous nation. Its GDP stands at around $250 billion…. Read More

September 9, 2020 @ 8:40 pm By Omar Faridi  |  

Fintech investments in Australia reached $376.5 million during H1 2020, which represents a 150% increase when compared to the same period from last year when $149.05 million for raised by Fintechs in the country. But there was a significant drop in mergers and acquisitions (M&A)… Read More

September 9, 2020 @ 6:44 pm By Omar Faridi  |  

Vaduvur Bharghavan, CEO and president of Fintech firm Ondot, a card app platform, has pointed out that the Apple Card was the first to set the expectation for what should be offered by an all-digital payment card. He added that the Apple Card really set… Read More

September 9, 2020 @ 9:58 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, has revealed that it will set up its Fintech incubator and accelerator F10 in Spain. In June 2020, SIX had acquired a controlling interest in BME, the Spanish stock market operator…. Read More

September 8, 2020 @ 11:45 pm By Omar Faridi  |  

Prospa (ASX: PGL), an online small business lender based in Australia and New Zealand, has reportedly welcomed the interim report recently released by the Senate Committee on Fintech and Regtech. But Prospa has also come to an agreement with other industry participants that a lot… Read More

September 8, 2020 @ 11:28 pm By Omar Faridi  |  

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

September 8, 2020 @ 10:25 pm By Omar Faridi  |  

The Consumer Data Right (CDR) legislation in Australia has been introduced to enhance the nation’s modern banking sector. It’s also supposed to make it easier to match or compare different financial products across a range of industries in the country, according to Senator Jane Hume,… Read More

September 8, 2020 @ 12:00 pm By Omar Faridi  |  

Cred, a digital asset lending and borrowing platform, revealed on September 8, 2020, that it has joined Visa’s Fintech Fast Track program, in order to speed up the process of integrating with the payment giant’s global network. As mentioned in a release shared with CI,… Read More

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

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

September 7, 2020 @ 8:06 pm By Omar Faridi  |  

Ashwani Bhatia, MD at State Bank of India (SBI), has said that Fintech solutions should improve the nation’s banking and payment system. Bhatia revealed that the SBI is handling 91% of its tasks via all-digital platforms, which would have been inconceivable just 35 years ago…. Read More

September 7, 2020 @ 11:24 am By Omar Faridi  |  

The Fintech industry in the Middle East and wider MENA region has experienced significant growth during the past several years. The State of Fintech report reveals that the number of financial technology companies in the Middle East was expected to increase from around 105 in… Read More

September 5, 2020 @ 2:11 pm By Omar Faridi  |  

Senator Andrew Bragg, the Chair of the Senate Select Committee on financial technology and regulatory technology in Australia, recently introduced an interim report which included 32 different recommendations. Bragg noted that as the country tries to cope with its first recession in the past three… Read More