Tagged: fintech adoption

July 24, 2020 @ 8:21 am By Omar Faridi  |  

Banks in Argentina have reportedly launched a new peer to peer (P2P) money transfer app, called Dimo. There are around 20 local banks that have now registered with the joint venture firm Pay Digital, which will be developing and deploying Dimo, according to an update… Read More

July 21, 2020 @ 10:34 pm By Omar Faridi  |  

The People’s Bank of China (PBoC), the nation’s central bank that’s also tasked with managing monetary policy and the regulation of financial institutions in mainland China, has reportedly added Chengdu, the capital of the Sichuan province, to its list of approved regions for conducting Fintech… Read More

July 21, 2020 @ 8:00 am By Omar Faridi  |  

Bolsas y Mercados Españoles (BME), a Spanish company that addresses the organizational aspects of Spain’s stock exchanges and financial markets (including stock exchanges in Madrid, Barcelona, Bilbao, and Valencia), has reportedly teamed up with Barcelona Tech City in order to establish a new Fintech hub…. Read More

July 20, 2020 @ 11:37 pm By Omar Faridi  |  

Ney Villasenor, the VP and chief corporate affairs officer at GCash, a Fintech company that facilitates fast and secure mobile payments, has noted that there’s no doubt that COVID-19 has made Fintech services essential for people residing in the Philippines. Villasenor pointed out that cash… Read More

July 20, 2020 @ 9:44 pm By Omar Faridi  |  

FintechAlliance.ph, an organization that aims to encourage collaboration and cooperation among digital finance sector participants in the Philippines, has published a handbook that outlines various standards for the Fintech industry in order to help regulators, policymakers and stakeholders understand what’s expected of them. FintechAlliance.ph noted… Read More

July 20, 2020 @ 4:25 pm By Omar Faridi  |  

Matthew Unger, CEO at Vancouver, Canada-based iComply Investor Services Inc, a global compliance platform for digital finance, reveals that updated regulations for strong client authentication and transaction monitoring now require Fintech companies to manage many complex tools. He points out in an Op-Ed on Finance… Read More

July 19, 2020 @ 8:29 pm By Omar Faridi  |  

A recent blog post notes that since the COVID-19 pandemic began, there’s been a significant acceleration in digital banks and P2P wallet activity volume (during the first half of 2020). The blog states that the impact of the Coronavirus crisis has “disproportionately” affected the world’s… Read More

July 19, 2020 @ 7:27 pm By Omar Faridi  |  

Japan Communications Inc., a company that engages in the provision of wireless data communication services via in-house software solutions, has partnered with Pakistan‘s Saffran Group, a multinational technology development company. Through the partnership, the companies will invest in financial technology projects in Pakistan via the… Read More

July 18, 2020 @ 9:07 pm By Omar Faridi  |  

Benedict Carandang and Lee-Anne Tobias from First Circle Growth Finance, a company that offers financing services to qualified SMEs in the Philippines that sell to other businesses or government agencies, note in a blog post published on the World Economic Forum’s (WEF) official website that… Read More

July 18, 2020 @ 4:41 pm By Omar Faridi  |  

  The National University of Singapore (NUS), a research-focused academic institution that’s consistently ranked among the world’s top universities, is planning to support the city-state’s next generation of Fintech professionals and full-stack application developers. Introduced in July 2020, the NUS-FintechSG initiative, which is being offered… Read More

July 18, 2020 @ 11:39 am By Omar Faridi  |  

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

July 17, 2020 @ 10:48 pm By Omar Faridi  |  

Qatar has a population of around 2.5 million, however, there are only around 300,000 to 400,000 Qatari citizens, as the country is home to more than 2 million expatriates. These expats are from all over the world, including the US, the UK, and other leading… Read More

July 17, 2020 @ 11:46 am By Omar Faridi  |  

UK-based Fintech Vesuvio Labs is reportedly planning to establish an investment business in the Middle Eastern nation of Qatar in order to further expand its operations and assist firms in Doha, particularly startups, with branching out into other global markets. Vesuvio Labs is a vertically… Read More

July 16, 2020 @ 7:47 am By Omar Faridi  |  

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, has reportedly acquired a minority stake in FitBank, a Brazilian Fintech firm. The amount paid by the bank for the part acquisition hasn’t been shared publicly. Established in… Read More

July 12, 2020 @ 2:37 pm By Omar Faridi  |  

Steve Sloane, a Principal at Menlo Ventures who focuses on investing in SaaS applications, marketplaces, and robotics, points out that Fintech has dominated the news cycle during 2020. He notes that there were some large exits this year, including those involving Credit Karma, Personal Capital,… Read More

July 12, 2020 @ 2:32 pm By Omar Faridi  |  

There were many borrowers in the US that signed up for Paycheck Protection Program (PPP) loans because they wanted to be able to make payroll, David O’Connell, a senior analyst focused on wholesale banking at Aite Group, confirmed. O’Connell claims that these businesses were thinking… Read More

July 10, 2020 @ 4:26 pm By Omar Faridi  |  

Tonik, the very first all-digital banking platform in the Philippines, has reportedly chosen Mastercard as its payments partner as the company gets ready to officially launch its operations later this year. Through the partnership, Mastercard will be supporting Tonik by acting as its Fintech accelerator…. Read More

July 9, 2020 @ 10:38 pm By Omar Faridi  |  

Approximately 20% or one-fifth of bank account holders in the Middle East are now using Fintech solutions, according to a recent survey performed by Deloitte. The survey, which examined nine key markets in the Middle East, reveals that consumers in the region are quite willing… Read More

July 9, 2020 @ 7:49 am By Omar Faridi  |  

The Fintech Abu Dhabi Innovation and startups team is reportedly planning to “digitally visit” 23 different countries throughout the world between July and November 2020, The Fintech group aims to meet and potentially work with the founders of high-potential early-stage financial technology companies. The best… Read More

July 8, 2020 @ 12:11 am By Omar Faridi  |  

Jane Gladstone, the recently appointed president of Promontory Interfinancial Network, has been working in Fintech investment banking since the 1990s. Gladstone established a Fintech merger and acquisition (M&A) and advisory service during the 90s, while working at Morgan Stanley. Gladstone, the former senior MD at… Read More