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...
LendingClub, America’s largest peer-to-peer lending platform, made history on Tuesday by becoming the first U.S. fintech company to acquire a U.S. bank via a $185 million deal.
In a press release, the fintech firm said it has entered into a...
South Korea-based crypto exchange firm Bithumb has recently partnered up with Bitmax, a crypto trading platform from Singapore. Coin Telegraph noted that this new alliance will give the South Korean company “Wall Street-Level fintech expertise.” The two are also...
Financial technology firm and Neobank Varo Money made a historical breakthrough as it gained the Federal Deposit Insurance Corporation’s (FDIC) approval last February 10, 2020. The FDIC’s approval will allow the fintech company to provide customer deposit facilities for...
Monzo CEO and founder Tom Blomfield recently said that the largest banks are impervious to change as they often have outmoded technology and practices a traditional culture, CNBC reported. These financial institutions also tend to avoid any changes due...
