Tagged: fintech adoption

July 5, 2020 @ 10:09 pm By Omar Faridi  |  

FInD, a government of Maharashtra initiative that aims to match suitable investors and startups in India, confirmed on July 2, 2020, that Yuva Pay, which is part of FInD’s curated Fintech cohort, has teamed up with Yes Bank to introduce an integrated digital wallet platform…. Read More

July 5, 2020 @ 12:55 pm By Omar Faridi  |  

  The global Fintech industry is being transformed by the COVID-19 outbreak and resulting socio-economic problems and challenges, according to a recent report from CB Insights. As mentioned in the report, the first quarter of this year was quite difficult for the financial services sector… Read More

July 3, 2020 @ 8:25 am By Omar Faridi  |  

The global COVID-19 outbreak has created many challenges as individuals and businesses have to get used to observing safe distancing measures and make changes to their lifestyle – which may include working from home. According to a recent blog post published by the International Monetary… Read More

July 2, 2020 @ 11:29 pm By Omar Faridi  |  

The COVID-19 outbreak has had a negative impact on the economies of countries throughout the world including Asian nations such as Indonesia. PT JULO Teknologi Finansial (JULO), an Indonesian Fintech firm that supports peer to peer (P2P) lending, has introduced several programs that aim to… Read More

July 2, 2020 @ 4:32 pm By Omar Faridi  |  

An International Monetary Fund (IMF) official recently noted that China’s Fintech sector could be “instrumental” in assisting SMEs with acquiring reliable credit. The representative added that reliable loans and funding will play a key part in helping businesses get through the COVID-19 outbreak and resulting… Read More

July 1, 2020 @ 12:02 pm By Omar Faridi  |  

Israel is reportedly getting ready to launch a Fintech regulatory sandbox, in order to make it easier for local financial technology startups to test out new products and services. The Arrangements Law that the nation’s Treasury will be presenting to the cabinet will include rules… Read More

June 30, 2020 @ 9:59 pm By Omar Faridi  |  

Dennis Gao, partner of Management Consulting at KPMG Southern China, recently noted that Fintech is preparing to enter the “regulatory-driven 2.0 era,” and opportunities are now greater or outweigh potential challenges for Fintech due to COVID-19. Gao, whose comments came during “Financial Digitalization & Fintech… Read More

June 30, 2020 @ 12:57 am By Omar Faridi  |  

Digital technology startups need venture capital or some other type of reliable funding to grow and expand their operations. Several foreign investors have been supporting Indonesian startups which are a critical part of the trillion-dollar economy. Investors have been investing in selected qualified Indonesian start-ups,… Read More

June 29, 2020 @ 11:56 pm By Omar Faridi  |  

Manila has been ranked among the top 40 emerging startup ecosystems in the world, according to a new report. While neighboring Southeast Asian countries such as Malaysia and Indonesia are higher up on the list, the Philippines has seen steady growth and development in its… Read More

June 29, 2020 @ 10:54 pm By Omar Faridi  |  

The Fintech startup ecosystem in Bahrain has been ranked among the highest in the Middle East region. The sector is also ranked near the top in terms of Islamic finance regulation, according to Startup Genome’s Global Startup Ecosystem Report (GSER) 2020. The Central Bank of… Read More

June 27, 2020 @ 5:11 pm By Omar Faridi  |  

Dubai is consistently ranked among the world’s leading Fintech hubs. Fintechs in Dubai have been supported by the UAE (United Arab Emirates) government which has introduced many progressive policies and regulations. In statements shared with the Khaleej Times, Arif Amiri, CEO at the Dubai International… Read More

June 26, 2020 @ 9:18 pm By Omar Faridi  |  

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

June 14, 2020 @ 9:23 pm By Omar Faridi  |  

Indian financial services group IIFL (India Infoline) recently introduced an initiative that aims to support local Fintech firms that might be experiencing challenges due to COVID-19. IIFL’s initiative, #IIFLDisrupt, aims to assist Indian Fintechs by providing funding, and potentially becoming their first client. IIFL also… Read More

June 8, 2020 @ 4:54 pm By Omar Faridi  |  

Carlos Valderrama, managing partner at law firm Legal Paradox, reveals that there are about 640 active Fintech platforms based in Mexico. The trillion-dollar economy has introduced regulations that aim to support its booming Fintech sector. The nation’s authorities are currently reviewing applications from several financial… Read More

May 25, 2020 @ 2:33 pm By Omar Faridi  |  

Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider, has argued that the United Kingdom still leads the evolving global digital banking sector. Lane, who has previously served in senior management roles at Oracle and Salesforce, writes that… Read More

May 14, 2020 @ 7:39 pm By Omar Faridi  |  

Community banks and credit unions have been finding it difficult to keep their platforms updated with the latest innovations because of limited capacity, lack of industry skills and expertise, and relatively small budgets. Due to these limitations, small lenders have been working with Fintech firms,… Read More

May 3, 2020 @ 10:35 pm By Omar Faridi  |  

Cambodia’s Fintech sector is still not as mature and developed as its ASEAN neighbors which include major economies such as Singapore, Malaysia, and Indonesia (among others). However, Cambodia’s Fintech economy has been growing steadily, mainly due to the increased adoption of digital payments and the… Read More

May 2, 2020 @ 10:28 am By Omar Faridi  |  

Magyar Nemzeti Bank (MNB), the reserve bank of Hungary, has released its very first Fintech and Digitalization Report, which looks into the state of financial technology adoption and the level of digitalization across the nation’s banking ecosystem. The report revealed that there are at least… Read More

March 24, 2020 @ 2:34 pm By Omar Faridi  |  

James Lloyd, associate partner at Big Four auditing firm Ernst and Young (EY) and Asia-Pacific Fintech leader, claims that financial technology growth and adoption is surging in the Asia-Pacific region. He notes: “[Fintech development in Asia is] driven by consumers’ desire for more attractive fees… Read More

January 2, 2020 @ 4:45 pm By Omar Faridi  |  

South Korea’s government aims to continue to support the development of its Fintech industry. The nation’s authorities have launched regulatory sandboxes and are assisting internet-based banks in establishing their operations. However, a recent survey reveals that South Korea still needs to make significant improvements in… Read More