The Chinese Central Bank appoints a new regulatory authority to certify the types of fintech and blockchain products, software, and digital systems. The People’s Bank of China (PBoC) will release the first list of fintech products appropriate for both front...
Fintech company Jibrel won the recently concluded 2019 Fintech Abu Dhabi Innovation Challenge, said the Khaleej Times. The firm won with its blockchain-based platform, Jibrel.com. Jibrel’s blockchain project allows startup companies and their investors to connect more efficiently and effectively....
Spanish banking giant Banco Santander has nabbed the majority stake in the UK-based fintech startup Ebury after acquiring 50.1 percent in the company at the price of £350 million. According to a report from Tech Crunch, under the terms of...
Walmart, the world’s largest retailer, announced Tuesday, Oct 29, it has extended its existing relationship with financial services provider Green Dot to develop a FinTech accelerator under the name “Tailfin Labs.” In a press release, the American multinational retailer giant...
The city of Johannesburg’s authority system was hacked last Sunday, Oct. 27, by a group that demanded a Bitcoin ransom worth $136,736 or R2,000,000. The authorities are conducting an investigation and have shut down the city’s billing systems and website....
South Africa’s first-ever peer-to-peer insurance platform, Pineapple, has won the top prize at a recent fintech competition held in the United States last September and October, bagging a total prize of R22.5 million. According to a report from Business Tech,...
This year’s Africa Fintech Festival will be conducted in Kampala, Uganda on November 5 and 6 as part of the 2019 Financial Inclusion Week. The event will be held at the Kampala Serene Hotel. SoftPower News reported that the...
Fintech startup PeerNova Inc. announced Tuesday, Oct 22, it has secured a $31M in its latest funding round led by an existing investor, Mosaik Partners, along with the participation of Medici Ventures and Intuitive Venture Partners. In a press...
The U.S. Commodity Futures Trading Commission (CFTC) announced in the annual Fintech Forward Conference last Oct. 24, its decision to turn its research wing into an independent office. LabCFTC will transform its research laboratory into an independent office. While there...
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...

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