Tagged: fintech

October 2, 2024 @ 7:42 am By Omar Faridi  |  

The latest DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting Middle East operations. Ripple, the provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) in order to expand its services from the Dubai International Financial… Read More

September 30, 2024 @ 9:15 pm By Michael Wong  |  

Lendistry, a minority-led fintech and Community Development Financial Institution (CDFI), announced today it has received a $5 million investment from City National Bank. The capital injection aims to expand the provision of individual loans under $100,000 to support the rapidly growing small business sector in… Read More

September 22, 2024 @ 7:39 pm By Michael Wong  |  

Malaysian Fintech major TNG Digital is exploring a potential domestic initial public offering (IPO) that could raise over $300 million within the next two to three years, according to two sources familiar with the matter, Reuters reported. The sources indicated that TNG Digital, which owns… Read More

September 19, 2024 @ 9:41 pm By Omar Faridi  |  

Taurus is pleased to announce a strategic partnership with the Qatar Financial Centre (QFC) Authority as part of the QFC Digital Assets Lab. This strategic collaboration reinforces Taurus’ commitment “to better serving banks and financial institutions across Qatar and the Middle East, delivering tailored digital… Read More

September 15, 2024 @ 9:40 pm By Michael Wong  |  

Bangladeshi consumer technology provider Pathao has announced raising $12 million in a pre-Series B funding round as the company shifts its focus towards fintech. The latest investment brings Pathao’s total capital raised to over $50 million, marking the largest pre-Series B funding for any Bangladeshi… Read More

September 15, 2024 @ 4:38 pm By Michael Wong  |  

Sorbet, a US Fintech offering employees access to the monetary value of their unused paid time off (PTO), has launched its services nationwide. This expansion follows a strategic partnership with Lead Bank, a key player in providing financial services to fintech companies. The timing of… Read More

September 14, 2024 @ 12:45 pm By Michael Wong  |  

Abu Dhabi’s sovereign wealth fund, Mubadala, has taken its first stake in London-based Fintech company Revolut, participating in a share sale that valued the firm at $45 billion. Revolut is one of the largest crowdfunding success stories. During its early days, the company raised money… Read More

September 6, 2024 @ 8:35 am By Omar Faridi  |  

Quilter, a FTSE-250 wealth manager,  has agreed to acquire Fintech NuWealth. Quilter states that this acquisition will help it pursue its objective to enhance digital capabilities “to better support customers and advisers.” With this acquisition, Quilter aims to “evolve NuWealth to work with advisers to… Read More

September 2, 2024 @ 7:27 am By Omar Faridi  |  

Industry veteran and Pine Labs’ Chief Transformation Officer Sumit Chopra transitions to a new role of COO – Pine Labs, Digital Payments. In this new role, Sumit will lead the digital payments business “for the company and will spearhead sales, customer experience, and operational excellence.”… Read More

September 1, 2024 @ 8:51 pm By Michael Wong  |  

Ant International has launched a strategic initiative to enhance financial inclusion in Brazil by partnering with Latin American payments and banking tech firm Dock. The partnership seeks to deliver AI-driven credit technology solutions to improve credit management and infrastructure efficiency for various clients, including financial… Read More

August 30, 2024 @ 4:44 am By Omar Faridi  |  

SmartStream, says it has launched a new version of the TLM Collateral Management solution. Version 7.0, developed in collaboration “with a tier-one bank customer, introduces new features such as real-time updates of information via versioned APIs across business lines, serving multiple jurisdictions globally.” The expanded… Read More

August 25, 2024 @ 6:33 pm By Michael Wong  |  

Financial technology (fintech) investments in China showed a modest recovery at the end of 2023 and continued into 2024, according to KPMG’s Pulse of Fintech H1’24 report. Among the top ten fintech deals in the Asia-Pacific (APAC) region, five were from Mainland China and Hong… Read More

August 18, 2024 @ 7:47 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, along with the Department of Labor and Employment (DOLE) held the 2nd Financial Inclusion Forum for the Labor and Employers Sector on July 30 at the BSP’s Manila Head Office. The discussions centered… Read More

August 18, 2024 @ 3:46 am By Michael Wong  |  

The Monetary Authority of Singapore (MAS), in collaboration with major banks DBS, HSBC, OCBC, UOB, and tech firms SPTel and SpeQtral, have initiated a significant move towards enhancing cybersecurity in the financial sector with the signing of a Memorandum of Understanding (MoU). This agreement sets… Read More

August 17, 2024 @ 10:19 am By Michael Wong  |  

Singapore’s DBS Bank, in partnership with Visa, unveiled its first multi-currency commercial debit card, the DBS Business Advance+ Card (BAC+), designed to bolster the financial operations of companies engaged in global digital markets. This launch is part of DBS’s broader strategy to facilitate smoother cross-border… Read More

August 12, 2024 @ 10:19 pm By Omar Faridi  |  

Hong Kong’s Fintech ecosystem is reportedly focusing on growth plans across Greater Bay, along with closer cooperation with Shenzhen. As first reported by the SCMP, the Fintech association intends to further expand its operations and programs in the Greater Bay Area, according to Chair Lareina… Read More

August 11, 2024 @ 2:19 pm By Michael Wong  |  

Sav, a UAE-based Fintech, has secured in-principle approval for a Category 4 license from the Dubai Financial Services Authority (DFSA), positioning the company for significant expansion. The licence will enable Sav to offer regulated financial services, aligning with its objective to simplify money management for… Read More

August 9, 2024 @ 8:50 am By Omar Faridi  |  

CBInsights has released an extensive update focused on the role of “Big Tech in Fintech: How Amazon and Google are battling to own transactions.” The comprehensive research report from CBInsights pointed out that while Amazon and Google have reeled in their efforts to offer their… Read More

August 8, 2024 @ 9:23 am By Omar Faridi  |  

Octane (Octane Lending, Inc.), the fintech enhancing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million “in total equity funding to date.” The capital will… Read More

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More