Following the Electronic Know Your Customer (e-KYC) guidelines announcement earlier this December, the Bank Negara Malaysia said the draft will take effect soon.
The e-KYC is a set of verification that banks need to implement in order to protect their...
Synapse, a financial technology company that operates a platform that allows banks and other fintech companies to efficiently develop financial services has concluded a $33 million Series B funding. The purpose of capital raising is to create new products...
A Series B funding led by Gauss Ventures raised startup Curve, a London fintech startup company, $55 million in new funding.
Curve is a platform that consolidates a user’s bank cards and makes it easier to manage spending and access...
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...
With the strong need to innovate, the financial services industry has been getting onboard various technological trends including artificial intelligence (AI) and machine learning (ML). FintechNews Singapore reports that 3 out of 4 banks in Asia deems AI and...
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....
Europeans remain wary about using the latest financial technology even if it will make purchasing goods and other monetary transactions more convenient, according to a survey by ING.
The insurance giant's 7th annual survey on attitudes towards financial technologies revealed...
Horizon 2020, European Commission's funding program for research and innovation, recently awarded Fintech startup Hokodo €2 million ($2.23 million).
The London-based firm, established in 2018, aims to give European small and medium enterprises access to insurance and financing, particularly those...
American multinational company Visa proposes to fund 500 scholarships to students and workers to offset the cost of training for dispute resolution.
The company said in a press release that its new certification program in dispute resolution will help them...
Singapore Exchange is tapping on the investment research network with its newest local-based fintech company investment Smartkarma.
The move comes with SGX’s initiative to create growth opportunities for Smartkarma in terms of alternative data sourcing in investment research.
Together with Sequoia...
