Brokerage service Robinhood faced the ire of its clients as it suffered a two-day downtime on March 2 and 3, 2020. Incidentally, this is when the “biggest market rally in 12 years” occurred, causing users to miss opportunities to...
Alibaba’s payment affiliate Ant Financial Group invested in Swedish financial tech company Klarna, as a move to penetrate the European market. The payment platform, which manages Alibaba payments, takes a minor stake at Klarna, in a move to deepen roots...
Chinese mobile phone manufacturer, Oppo, announced its new financial technology services armed named Oppo Kash last Monday, March 2, 2020. The company’s new financial services arm comes in the wake of other smartphone manufacturers venturing into the fintech space,...
Fintech Scotland, an independent body focused on enabling the country to achieve positive economic and social outcomes by promoting financial innovation, has joined forces with Fintech Alliance, a platform that intends to bring together the global FinTech community. As reported...
A study by S&P Global Market Intelligence predicts that e-commerce sites would spearhead the transformation of financial services in Southeast Asia. Reported by Fintechnews Singapore, the S&P research said digital and traditional banks’ use of e-commerce is “key” to...
In a bid to speed up international payments into the Philippines, payment network Ripple announced Tuesday, Feb 25, that its On-Demand Liquidity (ODL) service will be used by London-based money sender Azimo as part of the latter’s remittance services...
The Kingdom of Saudi Arabia has announced its intention to establish itself as a center of financial technology during the MEFTECH conference, reported Arab News. Ahmed Alkholifey, KSA’s Monetary Authority governor, said that the Kingdom is formulating a strategy...
Financial technology company Revolut made history as it became the most valuable fintech startup in the United Kingdom following its $500 million funding from the Series D investment round. The new amount brings the firm’s total valuation to a...
Fintech startups worldwide raised $33.9 billion in 2019, indicating a drop from the previous year’s total amount raised. In a report published by research firm CB Insights, it is said that fintech startups closed a total of 1,912 deals in...
Global payments network giant Rapyd announced a new agreement with Visa to expand business operations. The company signed the new partnership last Tuesday, Feb. 18, offering cross-border services market solutions. Under the new partnership, Rapyd will join Visa’s Fintech...

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