FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
April 29, 2022  |  Technology

In today’s FinTech news, Dubai is upping its game on becoming a serious digital player by ponying up $100.7 million in venture capital funding to...

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Philippines-Based Mobile Wallet PayMaya Rebrands as ‘Maya’
Philippines-Based Mobile Wallet PayMaya Rebrands as ‘Maya’
April 29, 2022  |  Mobile Wallets

PayMaya, a FinTech based in the Philippines, is rebranding as “Maya” as it expands its services to include the digital banking and crypto trading feature...

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Dubai Unveils $100M Venture Capital Fund for Startups
Dubai Unveils $100M Venture Capital Fund for Startups
April 29, 2022  |  Investments

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has approved a $100.7 million venture capital finance fund that’s aimed at helping startups across the region...

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Nium Plans $400M European Expansion
Nium Plans $400M European Expansion
April 29, 2022  |  International

Digital payments startup Nium is in discussions to make a $400 million acquisition to help it expand across Europe, Co-Founder and CEO Prajit Nanu said....

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Bank Negara Malaysia Grants Digital Banking License to GXS Bank
Bank Negara Malaysia Grants Digital Banking License to GXS Bank
April 29, 2022  |  Digital Banking

Grab and Singtel have announced that Bank Negara Malaysia will grant their digital bank joint venture, GXS Bank, and a consortium of Malaysian investors, including...

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Today in FinTech: Meeting of the Cross-Border Payment Minds; Elevating Security with Behavioral Analytics
Today in FinTech: Meeting of the Cross-Border Payment Minds; Elevating Security with Behavioral Analytics
April 28, 2022  |  International

In Thursday’s (April 28) FinTech news, a pilot program for immediate cross-border (IXB) payments is being launched by three of the industry’s most influential payments...

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Minka Raises $24M for Clearinghouse and Central Bank Modernization
Minka Raises $24M for Clearinghouse and Central Bank Modernization
April 28, 2022  |  Investments

Colombia-based FinTech Minka on Thursday (April 28) grabbed $24 million in capital through a funding round that it will use to continue the modernization of...

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FinTech IPO Index Continues Free Fall Amid Conflicting Signals on Consumer Spend, Earnings Season
FinTech IPO Index Continues Free Fall Amid Conflicting Signals on Consumer Spend, Earnings Season
April 28, 2022  |  IPO

Down 7.5% for the week. Ending April down 16.4%. And for the year, the FinTech IPO Tracker has dropped 34.3%. More of the same, in...

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Zai Offers CurrencyFair Money Transfer System to US Customers
Zai Offers CurrencyFair Money Transfer System to US Customers
April 28, 2022  |  Payment Methods

Embedded finance provider Zai has launched its CurrencyFair money transfer service for customers across the U.S. American consumers can now “use CurrencyFair to exchange and...

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