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.

PayU Acquires Red Dot To Move Into SE Asia
PayU Acquires Red Dot To Move Into SE Asia
July 05, 2019  |  Partnerships / Acquisitions

Naspers-owned FinTech PayU is pushing into Southeast Asia with a deal to acquire a majority stake in Singapore-based Red Dot Payment. Naspers specializes in developing...

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Bitcoin Daily: Cuba Considers Using Crypto To Boost Economy; France Sees Spike In Complaints From Crypto Investors
Bitcoin Daily: Cuba Considers Using Crypto To Boost Economy; France Sees Spike In Complaints From...
July 05, 2019  |  Bitcoin

Cuban President Miguel Díaz-Canel has announced a plan to use cryptocurrencies to boost his country’s ailing economy. The proposal is part of a series of...

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France’s Joko FinTech Gets €1.6M To Help Consumers Earn Credit Card Rewards
France’s Joko FinTech Gets €1.6M To Help Consumers Earn Credit Card Rewards
July 03, 2019  |  Investments

French startup Joko announced that it has raised €1.6 million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop...

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Japan-Based Challenger Bank Kyash Notches $14M To Expand
Japan-Based Challenger Bank Kyash Notches $14M To Expand
July 03, 2019  |  Investments

To continue its growth, FinTech firm Kyash has reportedly notched $14 million in funding. The investment was co-led by Mitsubishi UFJ Capital and Goodwater Capital,...

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Fundation Pulls Community Bank Into FinTech Collaboration
Fundation Pulls Community Bank Into FinTech Collaboration
July 03, 2019  |  B2B Payments

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning...

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Currencycloud Secures Funding For X-Border Technology
Currencycloud Secures Funding For X-Border Technology
July 02, 2019  |  Investments

As part of a Series E round, cross-border payment application programming interface (API) company Currencycloud has raised approximately £32 million. The company’s technology is reportedly...

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Deep Dive: Modernizing Cross-Border Payments Infrastructure For Speed, Access
Deep Dive: Modernizing Cross-Border Payments Infrastructure For Speed, Access
July 02, 2019  |  Smarter Payments

Cross-border, B2B payments generated approximately $125 billion in revenue last year, a figure that continues to rise. FIs and FinTechs need to be ready to...

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A New Divide In Business Banking?
A New Divide In Business Banking?
July 02, 2019  |  B2B Payments

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap...

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InstaReM Eyes Singapore Digital Banking License
InstaReM Eyes Singapore Digital Banking License
July 01, 2019  |  International

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. The Monetary Authority...

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