Fintech News

Newsfeed: Fintech

  • EBRD teaming up with top Fintech accelerator Startup Wise Guys 03 Jun 2020 16:41 The Baltic Course EBRD and Startup Wise Guys start Fintech accelerator partnership. New companies from across EBRD regions invited to apply. Programme co-financed by TaiwanBusiness – EBRD Technical Cooperation Fund. Start-ups across the regions where the European Bank for …
  • S.F. fintech Varo raises $241M as it seeks to become chartered bank 03 Jun 2020 16:21 Bizjournals
  • Why Penny Stocks Aren't the Answer to Investing During a Recession 03 Jun 2020 15:26 www.madison.com Companies with stock trading below $5 per share and with very small market capitalizations are often referred to as "penny stocks," and they tend to attract investors who are willing to assume big risk in pursuit of explosive returns. The appeal …
  • London Stock Exchange Group and Global Accelerated Ventures Introduce Post COVID-19 Fundraising Program for Fintech and Healthtech Firms 03 Jun 2020 15:21 Crowdfundinsider June 3, 2020 @ 9:05 am By Omar Faridi The London Stock Exchange Group (LSEG) and Global Accelerated Ventures (GAV) have introduced a post-COVID-19 fundraising program that aims to assist Fintech and Healthtech firms that might need additional capital to …
  • Revolut Unveils New Version of Financial “Super” App 03 Jun 2020 15:21 Crowdfundinsider June 3, 2020 @ 9:25 am By Samantha Hurst Digital bank Revolut announced on Wednesday the launch of its new financial app version. According to Revolut, the new version is the latest step in the fintech’s journey to becoming a financial super app. Revolut …
  • British Business Bank Continues to Add more CBILS, BBLS Accredited Lenders 03 Jun 2020 15:21 Crowdfundinsider June 3, 2020 @ 10:53 am By JD Alois The British Business Bank has approved new lenders for several COVID-19 support schemes. According to a release, JCB Finance will join the other 18 Bounce Back Loan Scheme (BBLS) lenders who have been accredited since …
  • Subservicing, VA IRRRL, Workflow products; Wholesalers Shifting Product Gears 03 Jun 2020 14:58 Mortgage News Daily From the Bay Area Marcus L. writes, “I miss the days when Tiger King was the most controversial thing going on.” Everything is a controversy these days, including where the real estate market is heading. Supply is limited, demand is decent, case closed. …
  • When we go back to eating out, more of us will pay with our phones 03 Jun 2020 14:43 CNN Johnson predicted that "the mobile app will become the dominant form of payment." Other chains are encouraging customers to make use of digital apps for ordering and payment when possible. José Cil, CEO of Restaurant Brands International (QSR), …
  • Varo Money gets new backers as it nears completion of its bank charter 03 Jun 2020 14:20 Americanbanker More big names are backing Varo Money in its quest to become a nationally chartered bank. On Wednesday the mobile bank announced it has closed a $241 million Series D round of funding. New investors include the private investment firm Gallatin Point …
  • Even with FDIC endorsement, fintechs' path to becoming banks is bumpy 03 Jun 2020 14:20 Americanbanker Efforts in the U.S. to create a dedicated pathway for fintechs to acquire bank charters made little progress, until recently. For years, some fintechs had been exploring alternatives that now seem more viable: seeking industrial loan company (ILC) charters …
  • DAX Above 200 DMA, Dollar Declines With Demonstrations 03 Jun 2020 14:06 Investing.com DAX breaches its 200-day moving average Nasdaq on course for new record high (possibly this week) US dollar falling as protests/looting continue Last Bank of Canada meeting for Poloz Markets are putting the politics to one side and pinning hopes on a …
  • Uduk’s Efforts in Making Nigerian Capital Market World Class, By Victor Onyebuchi 03 Jun 2020 13:54 Prompt News Online Ag. Director General, Security and Exchange Commission (SEC), Ms Mary Uduk The Acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk  in the last two years, has made unassailable achievements and total commitment to …
  • NCERT, UNESCO launch e-Raksha competition for students, teachers, parents 03 Jun 2020 13:43 Indian Express NCERT launches e-Raksha competition (Source: NCERT) The National Council of Educational Research and Training (NCERT) in partnership with the Cyber Peace Foundation and United Nations Educational, Scientific and Cultural Organisation (UNESCO) has launched …
  • Trade Finance Fintech Stenn Extends and Upsizes Core Finance Programme to $500 Million With New Major Investors 03 Jun 2020 12:49 Tradingcharts.com LONDON, Jun 3, 2020 (Canada NewsWire via COMTEX) -- Online trade finance scale-up Stenn has secured participation from Barclays Bank, Coface SA, and Crayhill Capital Management LP in its latest investment round. The funding is for its core trade financing …
  • MassMutual Ventures Announces Third Boston-based $100 Million Fund 03 Jun 2020 12:14 Odessa American BOSTON--(BUSINESS WIRE)--Jun 3, 2020-- MassMutual Ventures (MMV) announced today that it has launched a third $100 million venture capital fund to continue its successful strategy of investing in early- and growth-stage companies in the financial …
  • Virtual bootcamp for startup businesses 03 Jun 2020 12:09 Farm Weekly TEN of the State's high-tech startups in agriculture and food will have the opportunity to attend a virtual bootcamp with the Austrade Landing Pad in Tel Aviv, Israel. The Department of Primary Industries and Regional Development (DPIRD) and Austrade …
  • Facebook, Paypal eye digital payments market in Southeast Asia (Ld) 03 Jun 2020 11:48 CanIndia News San Francisco/New Delhi, June 3 (IANS) With an aim to cement their position in the fast-growing digital payments market in Southeast Asia, Facebook and Paypal have invested in Gojek, Indonesia-based first and fastest growing app for ordering food, …
  • E-invoice solution developed in Estonia to expand to 10 countries 03 Jun 2020 11:28 The Baltic Course Estonian fintech company Fitek, together with its parent company Unifiedpost, is developing the e-invoicing service Invoice Gate, which was recently launched in Latvia and Lithuania and will expand to eight more countries in July 2020, informs LETA/BNS …
  • Fintech secures funding for next wave of video conferencing 03 Jun 2020 10:35 Herald Scotland A Scottish fintech start-up is set to increase its headcount by a third following a successful six-figure seed funding round. The newly-rebranded Aveni, previously known at Hatch-AI, has raised £520,000 ahead of the launch of its Aveni Connect technology …
  • Finance firms must prepare for extended period of risk management: MAS 03 Jun 2020 10:15 Singapore Business Review Close to 85% of the financial industry worked from home during the circuit breaker. Financial institutions must prepare to operate in a prolonged environment of health and safety management, Managing Director Ravi Menon of the Monetary Authority of …
  • 360 Finance Among First Wave of Companies to Register its Financial Services App with China's NIFA 03 Jun 2020 10:01 GuruFocus.com BEIJING, June 3, 2020 /PRNewswire/ -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that its mobile application "360 Jietiao" was among …
  • Australian neobank Xinja is mastering integration through microservices 03 Jun 2020 09:15 PC Magazine When Greg Steel first investigated what the architecture for Xinja was going to look like just over four years ago, a few options were considered. One of those, according to Steel, now CIO of the Australian neobank, was to purchase an off-the-shelf bank-in …
  • Bank ABC Group becomes founder partner with Bahrain Fintech Bay 03 Jun 2020 08:38 24 X 7 News Manama: Bank ABC, MENA’s leading international bank, along with its subsidiaries, the digital, mobile-only, ila Bank, and the MEA region’s leading payment solutions provider and fintech enabler, Arab Financial Services (AFS), enter a founding partnership …
  • Singapore to assess COVID-19 impact on digital bank bidders - sources 03 Jun 2020 08:11 Reuters SINGAPORE, June 3 (Reuters) - Bidders for five Singapore digital bank licences on offer will have to factor in how the COVID-19 outbreak has impacted their funding and profitability plans, as the central bank kicks off interviews with applicants over the …
  • Bitcoin Mercantile Exchange (BitMEX) Says COVID-19 Is Accelerating Digital Technology Adoption, Benefiting BigTech while SMEs Struggle 03 Jun 2020 07:44 Crowdfundinsider Bitcoin Mercantile Exchange (BitMEX), one of the largest cryptocurrency derivatives exchanges in the world, says that they “no longer think that dated volatility-related bets are an effective way to protect portfolios because they are now too expensive.” …
  • New York and Toronto Stock Exchange listed Scotiabank Introduces “Bank Your Way” Solution for Seniors to Learn Digital Banking Basics 03 Jun 2020 07:44 Crowdfundinsider June 2, 2020 @ 11:15 pm By Omar Faridi Scotiabank (TSX: BNS), the third-largest bank in Canada, which has been exploring ways to upgrade its systems to make them quantum-resistant, has launched a new information portal for seniors, known as “Bank Your Way …
  • Kava Labs CEO Brian Kerr Explains Why they Chose Cosmos SDK, while Claiming it’s “Very Difficult” to Build on Ethereum 03 Jun 2020 07:44 Crowdfundinsider Brian Kerr, CEO at Kava Labs, notes during an interview with Alexandre Raffin at GAINS Associates that Cosmos’ value proposition is that “if you make a blockchain and it has a similar consensus mechanism to another blockchain …[then by by using] … the …
  • 9mobile appoints Sinfield as CEO 03 Jun 2020 07:07 Telecompaper Alan Sinfield has been appointed the new chief executive officer of Nigerian operator 9mobile. Sinfield succeeds Stephane Beuvelet, who has held the position in an acting capacity since November 2018, when the new board took over the company’s management. …
  • QNB Group receives prestigious GTR Leader in Trade... 03 Jun 2020 07:04 Peninsula Qatar QNB Group, the largest financial institution in the Middle East and Africa, has been named this year’s Leader in Trade for Qatar by Global Trade Review (GTR) magazine. QNB received the award based on the efficiency of its efforts to enhance the banking …
  • Mobile banking startup Varo Money raises $241M 03 Jun 2020 05:56 SiliconANGLE San Francisco-based mobile banking startup Varo Money Inc. revealed today that it has raised $241 million in new funding to expand development of its mobile banking products. The Series D round was co-led by Gallatin Point Capital and The Rise Fund and …
  • NFA permanently bars former Winter Park, Fla. commodity trading advisor Fintech Investment Group, Inc. 03 Jun 2020 05:45 Hedgeco (Opalesque) NFA has permanently barred Fintech Investment Group, Inc. (Fintech), a former NFA Member commodity trading advisor and forex firm located in Winter Park, Fla., and its former sole principal and associated person Alan Friedland from membership …
  • Everi Holdings Inc. (EVRI) CEO Mike Rumbolz on Q1 2020 Results - Earnings Call Transcript 03 Jun 2020 03:58 Seeking Alpha Everi Holdings Inc. (NYSE:EVRI) Q1 2020 Earnings Conference Call June 2, 2020 5:00 PM ET Company Participants Bill Pfund - Vice President of Investor Relations Mike Rumbolz - Chief Executive Officer Randy Taylor - President & Chief Operating Officer …
  • HSEVEN Launches Ambitious Incubator Programs for African Entrepreneurs 03 Jun 2020 01:47 Liberian Times In an effort to help contribute to the spur of new solutions to the continent, HSEVEN, Africa's largest startups accelerator, is launching "Rise-Up", "Re-Start" and "Disrupt", three ambitious incubation and acceleration …
  • ANALYSIS -Coronavirus brings Asia's booming online lending sector to juddering halt 03 Jun 2020 01:26 Reuters HONG KONG/MUMBAI/SINGAPORE, June 3 (Reuters) - The spring started out rosy for the Indian arm of ClearScore, a company that offers online credit scores and loans. Within weeks, the coronavirus pandemic had taken hold, drastically changing the …
  • Visa Inc. (V) Presents at MoffettNathanson's 2nd Annual Payments, Processors, and IT Services Summit (Transcript) 03 Jun 2020 00:09 Seeking Alpha Visa Inc. (NYSE:V) MoffettNathanson's 2nd Annual Payments, Processors, and IT Services Summit June 2, 2020 12:00 PM ET Company Participants Vasant Prabhu - CFO Conference Call Participants Lisa Ellis - MoffettNathanson Research Lisa Ellis All right, …
  • Plug and Play Japan Announces 104 Startups For Summer/Fall 2020 Batch 03 Jun 2020 00:00 Crowdfundinsider June 2, 2020 @ 11:40 am By Samantha Hurst Accelerating program Plug and Play Japan announced on Tuesday it has selected 104 startups in six verticals (IoT, Fintech, Insurtech, Mobility, Brand & Retail, and Hardtech & Health ) together with 38 …
  • Crypto Scams, Frauds, Hacks etc. Stole $1.36 Billion in First 5 Months of 2020: Report 03 Jun 2020 00:00 Crowdfundinsider The cryptocurrency sector of finance has long been a hotbed for fraud, scams, hacks, and crimes. The relative anonymity (or perceived anonymity) along with the ability to seamlessly transfer value in seconds has been catnip for crooks. Industry …
  • Western Union Reportedly Seeking to Aquire MoneyGram 03 Jun 2020 00:00 Crowdfundinsider June 2, 2020 @ 3:54 pm By Samantha Hurst Western Union (NYSE: WU) is reportedly seeking to acquire digital money transfer service MoneyGram (NASDAQ: MGI). The acquisition rumors come just a little over a month after Western Union announced the continued …
  • FPC Meeting: Economy, Tourism, Covid & More 02 Jun 2020 23:45 bernews.com The response to Covid-19, the economy, business and tourism were some of the topics discussed as the Financial Policy Council [FPC] held their meeting via teleconference A Government spokesperson said, “The Financial Policy Council [FPC] held its …
  • Hunger Games – The Socioeconomic Divide and the Response to Disease Outbreaks 02 Jun 2020 22:53 News Diary Online By Dr Adaeze Oreh The global count of confirmed cases of COVID-19 has since passed the six million mark, close to half a million families have lost at least one member to the virus and numbers are escalating even in Africa. However, across parts of …
  • Rakuten: Attractive Bet On Mobile 02 Jun 2020 22:48 Seeking Alpha Overview Rakuten (OTCPK:RKUNY) is the largest eCommerce company in Japan. At ¥1.3 trillion (~$12 billion) of revenue in 2019, it is roughly 8 times smaller than SoftBank (OTCPK:SFTBY). Given its success in eCommerce, the company has diversified its …
  • Why Fintech and E-Commerce Stocks Jumped Today 02 Jun 2020 22:32 The Motley Fool What happened Shares of various financial tech and e-commerce companies have jumped today after Visa (NYSE:V) disclosed some encouraging data regarding U.S. payments volumes, spurring hopes that the economy is starting to recover. That's good news for …
  • Blue ocean for Islamic finance industry 02 Jun 2020 22:29 Daily News Egypt Islamic finance is going digital. Muslims around the world are looking for alternative Shariah-compliant solutions to manage their daily finances. New fintechs offering Islamic banking products and services are on the rise and there is a blue ocean for …
  • Quantum Xchange Named to the Global CyberTech100 List for 2020 02 Jun 2020 22:05 SF Gate - California Quantum Xchange Named to the Global CyberTech100 List for 2020 Annual List Recognizes the World’s Most Innovative Providers of Digital Solutions Helping Financial Services Firms Defend Against Cyber-Attacks and Protect Their Critical Data BETHESDA, Md. ( …
  • BCT Digital launches the first ever ‘Real-Time Early Warning Systems’ to tackle Non-Performing Assets 02 Jun 2020 20:42 Chennai Vision Simplifying credit monitoring for the BFSI sector to control the rising number of NPAs and financial frauds BCT Digital, a global FinTech company specializing in BFSI, Predictive Analytics, and Risk Management, has announced the launch of their specialized …
  • Finitive and Vervent Announce Strategic Partnership 02 Jun 2020 20:02 Odessa American SAN DIEGO--(BUSINESS WIRE)--Jun 2, 2020-- Vervent is pleased to announce a partnership with Finitive to further promote collaboration and inclusion within the Fintech industry. “There is so much knowledge in this industry,” said David Johnson, CEO & …
  • Calero-MDSL Strikes Partnership with Jordan & Jordan for Index... 02 Jun 2020 19:50 SF Gate - California Leading Market Data Management Provider Strengthens Offering for Securities Firms to Manage Complex License Agreements NEW YORK (PRWEB) June 02, 2020 Calero-MDSL, a leading provider of Technology Expense Management (TEM) and Market Data Management (MDM) …
  • GoCardless and YayPay Form Partnership to Address YayPay’s... 02 Jun 2020 19:49 SF Gate - California GoCardless and YayPay Form Partnership to Address YayPay’s Growing Global Customer Base Integration of GoCardless’ network will enable YayPay customers the flexibility of collecting recurring payments through bank debit SAN FRANCISCO (PRWEB) June 02, 2020 …
  • 4 Community Bank Executives Give Their Perspectives On The Paycheck Protection Program 02 Jun 2020 19:23 Benzinga President Trump signed the $2.2 trillion CARES Act on March 27, 2020 The Paycheck Protection Program—the emergency small business loan program established by the CARES Act—has provided a much-needed safety net for businesses struggling as a result of the …
  • LendingClub: Signs Of Desperation 02 Jun 2020 19:12 Seeking Alpha Almost the entire market rallied in May, especially small cap stocks, with the Russell 2000 advancing 11% during the month. One major exception, however, is LendingClub (LC). The once-innovative and market-leading fintech company, which focuses on …
  • $1.45 billion in loans issued under Payroll Protection Program went to Delaware organizations 02 Jun 2020 18:59 Delaware Business Daily Financial institutions have processed more than $1.45 billion in Payroll Protection Program loan-grants for Delaware companies. The PPP program partially or totally forgives loans to companies and organizations that retain employees during the coronavirus …
  • SS&C to Present at the Piper Sandler Global Exchange & FinTech Conference 02 Jun 2020 18:44 GuruFocus.com WINDSOR, Conn., June 2, 2020 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Patrick Pedonti …
  • Embrace Disruption to Tenth Degree With This ETF 02 Jun 2020 17:50 ETF Trends With disruptive technologies emerging and permeating our daily lives on a regular basis, investors can find it dizzying to hone in on the right concepts. The ALPS Disruptive Technologies ETF (DTEC) is one ETF that solves that conundrum because it offers …
  • Bank ABC in founding partnership deal with Bahrain Fintech Bay 02 Jun 2020 17:42 Trade Arabia Bank ABC, Mena’s leading international bank, along with its subsidiaries, the digital and mobile-only ila Bank, and the MEA region’s leading payment solutions provider and fintech enabler, Arab Financial Services (AFS), has entered a founding partnership …
  • FinTech Options Open Opportunities for Consumers and... 02 Jun 2020 17:34 SF Gate - California FinTech Options Open Opportunities for Consumers and Businesses in Africa, According to Axiom Prepaid Holdings Experts Where voids in financial services exist, Axiom Prepaid Holdings is fast on the scene to provide options. The company was launched two …
  • An Important Ratio Highlights Advantages of This Fintech ETF 02 Jun 2020 17:07 ETF Trends The  Global X FinTech ETF (NasdaqGM: FINX) and its fintech brethren continue outpacing traditional financial services fare this year and there are some important factors indicating that that trend can continue. FINX seeks to provide investment results that …
  • An Ideal ETF for Being Tactical With Disruptive Asset Allocation 02 Jun 2020 15:44 ETF Trends As more advisors and investors look to add disruptive technology investments to their asset allocation processes, some are looking to get tactical with sector and industry ideas. A strong avenue for doing just that is the ARK Fintech Innovation ETF ( …
  • How lenders are preparing for a wave of loan modifications 02 Jun 2020 15:34 Americanbanker For the first weeks of the coronavirus crisis, mortgage servicers were in triage mode. As the government issued a flurry of measures to deal with financial hardships resulting from widespread economic shutdown, servicers rushed to grant the CARES Act …
  • As Lockdown Eases, LendInvest Loosens Bridge Finance Lending 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 7:43 am By JD Alois LendInvest, a top Fintech providing property finance in the UK, has updated its bridge financing product suite with higher LTVs [loan to value] of up to 75% as the UK’s national lockdown eases.  In a release, LendInvest …
  • UK Fintech Longevity Card to Introduce Better Way to Manage Finances via a Healthtech App, and help People Lead a Long, High-Functioning Life 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 7:47 am By Omar Faridi UK-based Longevity Card, a Fintech company that aims to introduce a new and better way to help users manage their finances while leading a healthy lifestyle via an easy-to-use app, recently revealed that it has …
  • Rapyd Unveils All-In-One integrated Payment Solution in the UK 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 7:49 am By Samantha Hurst Rapyd, a global B2B Fintech as a Service provider, announced on Tuesday the launch of its new single, “full-stack,” payment solution in the UK. According to Rapyd, the solution allows businesses locally and globally …
  • New $100 Million Pandemic Innovation Fund Launched by OurCrowd 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 8:00 am By JD Alois   OurCrowd, the world’s largest investment crowdfunding platform, has announced the launch of a $100 million Pandemic Innovation Fund. OurCrowd has long held an interest in Medtech/Biotech, today OurCrowd is focusing …
  • Monetary Authority of Singapore Lists COVID-19 Support for Fintechs 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 10:31 am By JD Alois The Monetary Authority of Singapore (MAS) has recently created a section of its website outlining the support programs for domestic Fintechs. Singapore has long advocated on behalf of innovation in financial services and …
  • UK Fintech GoCardless Announces New Partnership With YayPay 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 10:54 am By Samantha Hurst   UK-based payments platform GoCardless announced on Tuesday it has formed a new partnership with YayPay, a predictive account receivable (AR) automation solution. GoCardless claims that through the partnership …
  • Alibaba Adds Freight Service, Includes Trade Financing Solution as Part of the Package 02 Jun 2020 15:23 Crowdfundinsider June 2, 2020 @ 11:19 am By JD Alois Alibaba (NYSE:BABA), one of the largest tech firms in the world, has announced a new shipping service that includes a trade financing option. The financing is provided in partnership with MTS a Fintech that offers “ …
  • Capital Appreciation sees opportunity in reduced use of cash 02 Jun 2020 15:16 Business Day The group says SA’s trading environment remains challenging, but demand for new technologies is soaring BL PREMIUM 01 June 2020 - 18:32 Mudiwa Gavaza Bucking the trend of JSE-listed companies predicting doom and gloom, fintech group Capital Appreciation ( …
  • MyWallSt to provide investment app for online university in US 02 Jun 2020 14:57 Irish Times Irish fintech MyWallSt, which provides advice on what shares to buy and when, has partnered with one of the largest online universities in the US on a new app for its students. MyWallSt co-founder Emmet Savage said the partnership was one of a number the …
  • Tier1 Financial Solutions Hires Reval Founder Okochi As President 02 Jun 2020 14:28 Mondovisione Tier1 Financial Solutions (“Tier1”), a leading provider of global relationship management solutions to capital markets, investment banking, and investment management firms, has appointed Jiro Okochi as President, responsible for managing the global …
  • QuadPay and Zip Co (ASX: Z1P) forge $1bn+ fintech alliance, accelerating North American and global expansion 02 Jun 2020 14:21 Odessa American NEW YORK--(BUSINESS WIRE)--Jun 2, 2020-- High-growth, US-based payment installment platform, QuadPay, has partnered with Australian publicly traded buy now, pay later (BNPL) pioneer, Zip Co (ASX:Z1P), to create a $1bn+ global payments company. The deal …
  • Lithuania and Estonia climbing up the global entrepreneurship ladder 02 Jun 2020 12:51 The Baltic Course In its new 2020 report StartupBlink has ranked Estonia`s startup ecosystem 11th, Lithuaia`s startup ecosystem 15th and Latvia - 36th out of 100 countries. This is StartupBlink’s 3rd global startup ecosystem report, as part of quest to uncover the trends of …
  • E-commerce companies go on a hiring spree 02 Jun 2020 12:48 Economic Times KOLKATA/BENGALURU: Amid a 50-60% slump in CXO hiring and layoffs galore, a handful of startups and ecommerce companies are using the opportunity to bolster their top decks. BasicFirst, Dream Sports, FarEye, Licious, Myntra, Milk Mantra, Vedantu, …
  • Economies That Prioritize Payment Digitization Best Placed for GDP Growth and Citizen Well-Being, Reveals MasterCard Report 02 Jun 2020 12:42 Al Bawaba Countries that prioritize digitized payment economies are better placed to mitigate the associated adverse impact of unemployment, financial exclusion, fraud, theft, cost of cash, and corruption. This was the key takeaway of a new Mastercard white paper …
  • Globe Telecom: Unexpected Tailwinds 02 Jun 2020 11:54 Seeking Alpha Elevator Pitch I maintain my "Bullish" rating on Philippines-listed telecommunications company Globe Telecom (OTCPK:GTMEY) (OTCPK:GTMEF) [GLO:PM]. This is an update of my prior article on Globe Telecom published on February 11, 2020. Globe …
  • OneBlinc Offers Free Salary Advances to Money-Strapped Individuals 02 Jun 2020 11:51 Odessa American MIAMI--(BUSINESS WIRE)--Jun 2, 2020-- OneBlinc, a disruptive fintech that brings affordable and fair financing options to money-strapped, poor credit individuals, announces free (no fee, no interest) salary advances to federal employees who may be in a …
  • Harness the power of innovation to compete in a post-COVID world 02 Jun 2020 10:54 National Post Canada’s response to the economic crisis caused by the coronavirus pandemic must be different than how we dealt with the Great Recession of 2008. Twelve years ago, our recovery was driven by high-priced Alberta oil buttressed by voracious Asian demand. …
  • Andrew Anastasiou: a fintech entrepreneur in Kiti 02 Jun 2020 10:08 Cyprus Mail At the age of 24, Andrew Anastasiou left the City of London for Kiti, Larnaca with just a stack of ideas and an iron will to succeed. He arrived in Cyprus just after the financial crisis, but that didn’t faze him either. Six years later, at the age of 31, …
  • TrueLayer appointed to CCS Payment Acceptance Framework for 3 years 02 Jun 2020 09:29 Telecompaper Financial technology (fintech) company TrueLayer has been appointed to the UK Government's Crown Commercial Service's (CCS) Payment Acceptance Framework for an initial 3-year period. The appointment will allow TrueLayer to provide its Payment …
  • Four Lessons Utility Providers Can Learn from the Financial Inclusion Sector 02 Jun 2020 09:22 Nextbillion Over 1 billion people live without reliable access to essential services like sanitation and potable water, clean cookstoves and electricity. Though almost 70% of the global population has a cellphone and nearly 9 in 10 individuals have an electricity …
  • Singapore climbs to 16th place in global startup ecosystems rankings 02 Jun 2020 09:22 Singapore Business Review Its status as a global fintech hub helped boost its position. Singapore has re-entered the best 20 in startup ecosystems globally, jumping five spots to clinch the 16th place out of 100 countries, according to the latest Startup Ecosystems Rankings report …
  • How far are crypto and digital currencies from the mainstream? 02 Jun 2020 09:17 City A.M. Technology research firm Novum Insights looks at mainstream adoption of cryptocurrency and examines which areas might win this race. Cryptocurrency markets had a great run in April and a period of relative stability in May, which could draw enough …
  • Crypto AM: Shines its spotlight on Mode 02 Jun 2020 09:16 City A.M. Start A New Decade of Digital Banking with Mode We’re constantly reminded that we live in the age of digital banking. Most high street banks have been actively reducing their number of physical branches year-on-year since 2015, and according to comparison …
  • Orange announces Orange Ventures MEA Seed Challenge 02 Jun 2020 09:02 Telecompaper Orange Egypt has announced the launch of Orange Ventures in Egypt and the Middle East to support entrepreneurs and technology-driven start-ups during the Covid-19 crisis, which is causing difficulties in access to financing due to the low number of active …
  • Alan Sinfield is 9mobile’s new CEO 02 Jun 2020 08:09 Online Nigeria Nigeria’s fourth telecom operator, 9mobile, has appointed a new Chief Executive Officer, CEO — Alan Sinfield. Sinfield, a seasoned telecoms expert, has held leadership roles at numerous mobile, fixed-line and broadband data operators as well as retail, …
  • Australia’s Digital Transformation Agency Says its New Digital Identity System will Verify Users to Access Wide Range of Online Services 02 Jun 2020 07:23 Crowdfundinsider June 1, 2020 @ 11:29 pm By Omar Faridi The Digital Transformation Agency (DTA) has been focused on developing the Australian digital identity system, so that locals can access essential government services in a simple and secure manner. The new digital …
  • Facebook’s Libra Serves as Signal that Fintech Firms like Visa, Paypal, Booking.com Were Eager to Explore Stablecoins, Blockchain Advisor Argues 02 Jun 2020 07:23 Crowdfundinsider June 1, 2020 @ 11:30 pm By Omar Faridi Stablecoins are digital assets pegged 1-to-1 (in most cases) to major world currencies like the  US dollar or British pound (GBP), or even gold.  In most cases, stablecoin tokens are based on blockchain or some type …
  • Here’s Why Indonesia could be Ideal for Fintech Lending Platforms as Many Residents are Underbanked, and within Working Age 02 Jun 2020 07:23 Crowdfundinsider June 1, 2020 @ 11:45 pm By Omar Faridi Indonesia’s Fintech sector has been growing steadily, however, the majority or over 70% of the country’s adult population is unbanked or underbanked, according to the latest e-Conomy SEA Report. This suggests that …
  • Current Economic Situation Due to COVID-19 Is Good Opportunity for Developing Decentralized Finance Services, Fintech Entrepneur Felix Mago Says 02 Jun 2020 07:23 Crowdfundinsider Businesses throughout the world are looking for ways to cope with the adverse effects of the COVID-19 outbreak. Governments across the globe have enforced lockdowns and recommended that people observe safe distancing measures to avoid the further spread of …
  • UAE’s Fintech Rise Partners Pakistan’s HomeShopping.pk to Offer New Buy Now Pay Later Services to Overseas Pakistanis 02 Jun 2020 07:23 Crowdfundinsider June 2, 2020 @ 1:33 am By Omar Faridi United Arab Emirates (UAE)-based Rise, a Fintech firm that offers various financial services to low-income migrants in the Middle East region and recently acquired $1.4 million in capital for ongoing development, has …
  • 9mobile gets new CEO 02 Jun 2020 06:40 Eagle Online Telecoms company, 9mobile, has announced the appointment of seasoned telecoms expert, Alan Sinfield, as the substantive Chief Executive Officer of the company. The new CEO brings a wealth of global operational expertise having held leadership roles at …
  • AfriTech 2020: Sanofi Selects 11 Start-Ups For Online Finale On June 11 02 Jun 2020 06:13 Biz Watch Nigeria AfriTech 2020: Sanofi Selects 11 Start-Ups For Online Finale On June 11 Following the cancellation of the 2020 edition of Viva Technology, Sanofi will maintain its four AfricaTech Challenges by organizing an online pitch day on June 11, 2020. The objective …
  • Beyond the Crisis 02 Jun 2020 05:46 International Youth Leadership Network Aid, Economy & Trade, Environment, Financial Crisis, Global, Global Governance, Green Economy, Headlines, Health, Humanitarian Emergencies, Poverty & SDGs, TerraViva United Nations Opinion Now is the time to take advantage of this opportunity to …
  • StoneCo Soars on Earnings; Real Estate Is Making a Comeback 02 Jun 2020 04:47 The Motley Fool In this edition of Industry Focus: Wildcard, host Jason Moser and Fool.com contributor Matt Frankel start by discussing recent stock price action in the banking industry, and why some banks, like M&T Bank (NYSE:MTB) and Ameris Bancorp (NASDAQ:ABCB), …
  • Listing Positions MIEPAY To Help Companies Recover From Covid-19 02 Jun 2020 04:35 Scoop Tuesday, 2 June 2020, 3:56 pm Press Release: MIEPAY New Zealand fintech MIEPAY wants to help small businesses on both sides of the Tasman bounce out of the Covid-19 crisis by enabling them to make the most of the continued rapid growth in e-commerce and …
  • Why Shanghai FTZ Benefits if Trump Abandons HK Special Relationship 02 Jun 2020 03:47 Shanghai News Op/Ed by Chris Devonshire-Ellis  Last Friday, US President Donald Trump announced some form of sanctions would be placed on Hong Kong following Mike Pompeo’s announcement earlier in the week that he no longer considered Hong Kong as being autonomous …
  • Covid-19 drags down Cassava volumes 02 Jun 2020 03:19 Herald The Herald Tawanda Musarurwa, Senior Business Reporter Diversified digital services group, Cassava Smartech, saw its volumes during the lockdown period decline by 40 percent. The coronavirus (Covid-19) pandemic, has disrupted businesses and economies …
  • The Under-Sung Story of Deregulation in COVID Relief 02 Jun 2020 02:16 Asheville Tribune By Leslee Kulba- It seemed reopening the economy while government is broke would have been a perfect storm for activists wanting to deregulate or re-privatize sectors of the economy now managed by government overreach. However, when the question, “Where …
  • The fresh ideas that inspired Bank of the West's digital makeover 02 Jun 2020 01:51 Americanbanker When Hisham Salama held his first all-hands meeting after he joined Bank of the West as head of digital channels in the middle of 2018, he encountered silence. “I didn’t get one question, which I thought was very weird,” said Salama, known as Hish to his …
  • Coronavirus still a threat to credit scores despite congressional relief 02 Jun 2020 01:51 Americanbanker The coronavirus relief bill enacted by Congress in March aimed to shield credit scores from the fallout of consumers skipping loan payments due the pandemic. But observers say borrowers benefiting from the provision still face risks. The legislation aims …
  • 9mobile appoints Alan Sinfield as new CEO 01 Jun 2020 23:40 PM News Alan Sinfield By Taiwo Okanlawon A seasoned telecom expert, Alan Sinfield has been appointed a new Chief Executive Officer of Nigeria’s fourth telecom operator, 9mobile. He became the first substantive CEO of the telecom firms since it changed from …
  • Orange Egypt launches “Orange Ventures MEA Seed Challenge” to finance seed support to Entrepreneurs and Tech-driven Startups 01 Jun 2020 23:36 Daily News Egypt Orange Egypt announced the launch of the biggest challenge for digital solutions and services in Egypt and the Middle East under the sponsorship of Orange Group with the aim of supporting entrepreneurs and tech-driven startups during the current Covid-19 …