Friday, November 22, 2019
Fintech is currently generating interest from the media. Businesses, governments, and even non-profit organizations are starting to invest in advanced technologies to improve productivity and efficiency while cutting costs. But while this initiative can streamline operations and provide better...
Fintech entrepreneurs are setting their eyes on small businesses, financial experts said. With the help of Internet marketing, fintechs now target startups and small enterprises as customers, Chris Sugden, managing partner at the Princeton-based growth equity investment firm Edison...
Indian fintech startup Zeta has recently acquired external funding after its participation in its first funding round. TechCrunch reported that the Zeta’s valuation jumped to $300 million after getting support from an external backer. One of the biggest contributors to...
Experts predict that the use of artificial intelligence in fintech will have a 26.21% compound annual growth rate (CAGR) from 2019 to 2024, according to PR Newswire. This could indicate growth from 2018’s $1.44 billion to a whopping $5.677...
Singapore Life, a financial technology company, specializing in insurance and wealth management, has secured a US$90 million funding from Sumitomo Life Insurance. The Japanese major life insurer has also taken over about 25% in Singapore Life. The investment raised the...
A new report from the GSM Association revealed that investments in African fintech companies quadrupled in the past year, amounting to $357 million. Fintech startups in Kenya, South African and Nigeria received the largest funding, with MTN leading the shares....
In response to the threat of the emergence of peer-to-peer platforms, banks are now starting to use technology to hasten the lending process to small business and retail customers, financial industry analysts say in an American Banker article. Peer-to-peer...
Fintech startups who are trying to turn into a bank need to slow down, as the New York Federal District requires a traditional route for granting fintech charters. The Federal District has slammed the Office of the Comptroller of the...
Bulgaria is rapidly becoming the leading financial technology center in the Southeast part of Europe, according to ZDNet. The Balkan country saw a spike in the number of homegrown fintech companies. The industry has also been raking in income...
U.S-based financial technology provider Plaid is planning to expand its operations in Europe. The start-up, which has just raised $250 million funds, is looking to fill not less than 10 Europe-based job positions, according to a review of the company's...

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