Friday, March 29, 2024
Singapore witnessed a huge jump in the number of consumers and establishments that opted for financial technology options, FintechNews Singapore reports. This significant increase in the adoption of fintech services occurred between 2017 and 2019, resulting in a three...
In the move to expand operations outside the UK, TransferWise is offering the first multi-currency banking dubbed as TransferWise Debit Mastercard. Using this new debit card, customers can shop and send money overseas as if they are locals. With very...
UK retirement plan technology company Smart Group recently announced the opening of its U.S. headquarters in Chicago. The new office, which is set to open in fall, will be based in the Western Loop. The company plans to staff the...
MX, a US-based fintech has raised $100 million from venture capitalists and other investors, led by Battery Ventures. The Series B round brings a total of $175 million to the company in equity financing. The new investment shows the value...
In a recent funding round, the UK startup Monzo has raised more than $2.5 billion valuations from investor Y Combinator, landing as one of UK’s most valuable fintech companies. Last year, the company has raised over $1.25 billion of funding,...
The UK-based bank NatWest and identity verification specialist HooYu collaboration enables customers to open a bank account using only a selfie. Natwest will use HooYu's AI-enabled technology and advanced biometrics to compare the new customer's selfie picture with the image...
The South-Africa based technology investor Naspers is in talks with the Indian Fintech startup Capital Float for an acquisition deal. According to three sources, the global Internet and entertainment group is set to purchase the latter instead of the...
The London-based financial and digital assistant Cleo is quietly gaining a lot of customers in the US market, expecting to replace banking apps in the near future. Cleo is an AI assistant that helps individuals look after their money, budget,...
Novo recently announced its partnership with Xero in a bid to become the company's first U.S. digital banking platform partner. The partnership of the mobile banking platform and the global cloud accounting provider enables Novo customers to update their business...
Bitcoin surged above $9,000 following reports that Facebook will launch a digital currency. The social media giant's announcement of its new cryptocurrency fueled optimism that digital coins are on its way to becoming adopted widely as a financial tool. The pioneering...

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