Tagged: fintech

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

August 3, 2024 @ 5:18 pm By Michael Wong  |  

National Pulse, a Dubai-based tech-driven enterprise, has strategically invested in Singaporean Fintech firm Aleta Planet to enhance cross-border payment services in the Middle East. This move aligns with the UAE’s recent push towards open finance and the adoption of digital services, according to the announcement…. Read More

July 31, 2024 @ 10:45 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI) is reporting net revenue of $599 million and net income of $17 million for Q2 2024, marking the third consecutive quarter of GAAP profitability. Despite these fairly solid results, SoFi’s share price has barely budged in the past day. The Fintech… Read More

July 20, 2024 @ 10:25 pm By Michael Wong  |  

BigPay, the digital financial services division of Malaysia-headquartered Capital A Bhd, has expanded its operations to Thailand. The e-wallet service, which offers features ranging from trip savings to seamless global payments and real-time currency exchange, aims to enhance financial inclusion in the region. The launch… Read More

July 19, 2024 @ 10:57 am By Michael Wong  |  

Slope, a fintech company specializing in innovative B2B financial solutions, announced it has raised $65 million in a new funding round. The investment, led by J.P. Morgan and Notable Capital, brings Slope’s total funding to $252 million, comprising $77 million in equity and $175 million… Read More

July 16, 2024 @ 8:21 am By Omar Faridi  |  

As we arrive at the midpoint of 2024, the team at Klarpay is providing an update to their clients and partners on the Fintech firm’s milestones and achievements in the first half of the year. Klarpay has been active on the global stage, “participating in… Read More

July 14, 2024 @ 3:29 pm By Michael Wong  |  

The United Nations Development Programme (UNDP) together with the timbuktoo Africa Innovation Foundation inaugurated the Fintech timbuktoo Hub in Lagos early this week. This pioneering facility, the first of its kind on the continent, aims to stimulate innovation, encourage collaboration, and expedite growth within the… Read More

July 14, 2024 @ 12:24 pm By Michael Wong  |  

WeBank, a pioneering Fintech giant, says it has established its new global headquarters in Hong Kong. The headquarters is expected to primarily focus on research and development (R&D) and the commercialization of technological solutions aimed at international markets, according to an announcement. The decision to… Read More