Are securities rules limiting the evolution of FinTech?
January 10, 2019. Investment News
As financial technology companies grow beyond the startup phase, they are pressing up against the rules and regulations governing traditional financial institutions.
This year’s FinTech predictions, from the company powering most of the industry
January 05, 2019. CNBC
Zach Perret runs Plaid, which links more than 20 million customer bank accounts to financial technology apps like Robinhood, Venmo and Coinbase. The start-up recently raised $250 million at a $2.7 billion valuation and added Kleiner Perkins partner Mary Meeker to its board.
FinTech lenders and banks call for clarification on alternative data usage in loan origination
January 04, 2019. Finextra
The US Government Accountability Office (GAO) has called for financial regulators to pay more attention to the role played by nonbank technology companies in the consumer and small business lending market.
Brexit Uncertainty Threatens the U.K.’s FinTech Prominence
January 03, 2019. JDSUPRA
London is considered the European capital for FinTech, and the third global tech start-up ecosystem, behind only Silicon Valley and New York. In the past two and a half years, FinTech companies have brought more than $5 billion of investment to the city.
$295 Billion Reasons Why Investors Like Nigerian FinTech Startups
January 02, 2018. Tekedia
Fintech will contribute $150 billion to sub-Saharan Africa’s GDP by 2022, according to Financial Sector Deepening Africa, a development-finance organization. According to IMF, sub-Saharan Africa has a total GDP of $1.6 trillion with Nigeria contributing nearly 30% of that number.
How FinTech will change the region
December 25, 2018. Zawya
If 2018 has anything to show, it’s that FinTech is no longer just a buzzword that established banks can mock startups for using. Estimates show that – on a global scale – investments in fintech startups since 2010 have almost reached $100 billion.
All FinTech Acquisitions in 2018 Were Led by American & EU Banks
December 24, 2018. Gomedici
FinTech has shown strong growth in the last five years, but there were some questions as to why there is so little M&A in the industry. There was always an implicit assumption that the larger players like banks/financial institutions would be interested in acquiring some of the upcoming lending platforms, blockchain plays or even the payment apps.
UK FinTechs claim Brexit could lead to a “lost generation” of London businesses
December 23, 2018. Business Insider
One of the UK’s fasting growing and most exciting industries, FinTech, is thriving despite Brexit fears weighing heavily on the dynamic sector. Business Insider spoke to 10 UK FinTech leaders to get a better perspective on the impact Brexit is having on the industry.
The biggest FinTech stories of 2018
December 21, 2018. FSTech
The most clicked story of 2018 was on the news in June that a collection of 39 banks, institutions and financial firms completed a trial of more than 300 transactions on a Know Your Customer (KYC) application built on R3’s Corda blockchain platform.
How FinTech Companies Tackle Forex Identity Verification Challenges
December 19, 2018. PYMNTS
Regulatory changes, particularly those in Europe, are making it an interesting time for companies to be in the forex and money exchange businesses.
What FinTech can learn from Robinhood’s ‘epic fail’ of launching checking accounts
December 18, 2018. CNBC
Robinhood’s attempt to launch a disruptive, first-of-its-kind product offers some lessons for fintech companies trying to break the mold in a highly regulated industry.
Christmas All Wrapped Up? Here Are Some FinTech Tools That Can Help Small Businesses In 2019
December 17, 2018. Forbes
Chances are that if you own a small business then time off over the holidays isn’t always possible, and while you’re busy cooking the turkey those thoughts of ‘Should I? Could I?’ always seem to interrupt.
As Blockchain Banking Goes Mainstream – A FinTech Bank Claims It Can Be A Holistic Force For Good
December 15, 2018. Forbes
For people in their early and mid-twenties, when reflecting on their parent’s life, though full of admiration for putting up what they had to in order to get where they wanted to go, feel that since tomorrow is never guaranteed, there is a little more emphasis on living in the moment whilst still planning and saving for the future.
How Will 5G Shake Up Banking And FinTech?
December 12, 2018. Payments
Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to work more closely with FinTech providers to upgrade services, retain customers and acquire new ones.
FinTech Guide for Global Citizens
December 12, 2018. Finextra
With traditional providers slow to cater to global citizens, FinTechs have been quick to fill the space, launching innovative solutions to meet global citizens’ banking, remittance and payments needs. While these are undoubtedly amongst the areas most penetrated by FinTech innovation, global citizens’ wider financial needs are now also being addressed.
FinTech’s potential for financial inclusion in emerging markets
December 10, 2018. Holland FinTech
Fintech can have a big impact on increasing financial inclusion. To find out more about how, we spoke with Diana Cazacu, founder of Amsterdam-based financial inclusion consulting firm AdVision Finance, about fintech’s impact on financial inclusion in emerging markets.
Why adopting FinTech is crucial in the GCC
December 09, 2018. Gulf Business News
The adoption of FinTech solutions in the GCC region has soared in recent years, with financial services firms and banks seeking the latest technologies in the field. A recent report by MENA Research Partners found that FinTech start-ups in the Gulf region are set to attract more than 10 times the funding achieved over the last 10 years in the next decade.
DIFC eyes global FinTech hub status
December 09, 2018. Trade Arabia
Dubai International Financial Centre (DIFC) has made great strides in the FinTech space, cementing the emirate’s position as one of the world’s top 10 FinTech hubs and a preferred growth platform for startups and SMEs, said a senior official.
3 Reasons Millennials Should Enter Into Digital Finance and FinTech
December 08, 2018. Forbes
Whether it’s the fear of missing out (FOMO) or just simply not wanting to be left behind, young investors and businesses do not want to be left behind as we begin to see our traditional world of finance evolve and download itself into the 21st century.
4 FinTech Predictions For The New Year
December 07, 2018. Forbes
The financial technology market is booming as startups try to disrupt every area of finance. The growth the sector has enjoyed this year is expected to continue unabated in 2019, with one forecast pegging the compound annual growth rate at 74.16% from 2019 through 2025.
How FinTech is Transforming the MEASA Region
December 04, 2018. Digital HBS
Financial Technology, or FinTech, has gained significant traction in recent years, especially as digital transformation becomes a core priority for effective business development within financial institutions.
These Are The 13 FinTech Companies to Watch in Singapore in 2019
December 03, 2018. FinTech News
2019 is right around the corner, which means we are near the end of an eventful year of FinTech in Singapore. The Singapore FinTech Festival was probably the biggest one here yet, and the Monetary Authority of Singapore (MAS) has made some definitive pushes into big data, artificial intelligence, and the launch of an ASEAN-wide API to answer the global demand for open banking principles.
FinTech solutions in Green Finance
December 03, 2018. Whitecase
In order to deliver on the UN Sustainable Development Goals and the Paris Agreement on Climate Change, it is estimated that around USD 5-7 trillion of sustainable investment is required on an annual basis.
Reshaping the Future of FinTech
December 02, 2018. Albawaba
An entrepreneur walks into his bank to apply for a loan. The machine learning capabilities within the system would have already predicted that he might be needing additional cash.
Switzerland adopts new FinTech authorisation rules
November 30, 2018. Finextra
The Swiss government has amended its Banking Act to include new authorisation rules for FinTechs in its latest bid to boost innovation in the sector.
FinTech firms target loans to individuals in region
November 29, 2018. SGSME
The FinTech boom has sparked a stream of mobile-friendly financial services in South-east Asia including Singapore, from e-wallets to remittances and cryptocurrency trading.
What Is Holding Back Egypt’s FinTech Success?
November 26, 2018. Albawaba
There is no denying that the world has revolutionised every aspect of modern society, from business to communication to entertainment. With the spread of high-speed internet throughout the entire globe, information is more accessible than ever before.
Bahrain targets ICT to become FinTech hub
November 25, 2018. Zawya
Bahrain’s Economic Development Board (EDB) has made the kingdom a data destination for Amazon and is now keen to leverage the Kingdom’s telecoms connectivity and IT knowledge pool to become a regional FinTech hub, said a top official.
Friend Or Foe: Railsbank Questions Whether European Banks Do Indeed Support Fintech
November 25, 2018. Forbes
In Europe in 2018 there is a widely held belief that banks are increasingly working with, and investing in, fintech. Spanish-based Banco Santander, for example, has added eight new fintech investments to its portfolio since mid-2017, the most out of any major European bank.
Poland’s at the Heart of FinTech sandbox action
November 20, 2018. Banking Tech
The Polish Financial Supervision Authority has appointed the Heart, the corporate centre for digital ventures, as one of the operators of the regulatory sandbox for companies developing new technologies from the financial sector.
Deal or no deal: British FinTech firms just want to move on from Brexit uncertainty
November 20, 2018. CNBC
London has been called the financial technology (FinTech) capital of the world. Consultancy KPMG found $16 billion was invested in the United Kingdom’s fintech market in the first six months of the year, outpacing China and the United States.
FinTech one of few areas willing to give women a break
November 17, 2018. Investment News
Financial services has long been an industry dominated by men, but Wall Street is hardly alone when it comes to gender inequality.
FinTech Hong Kong kicks-off to a roaring start
October 29, 2018. China Knowledge
The much-awaited Hong Kong FinTech Week has just kicked off. The event which is touted as the world’s first cross border FinTech event is set to attract more than 8,000 visitors spanning across 50 countries, not to mention a legion of the world’s top FinTech founders and CEOs.
Is Nigeria prepared for FinTech revolution?
October 27, 2018. The Nation Lineng
Financial technology (FinTech) is a novel idea alread having a rippled effect on the banking and financial services landscape across the globe with immeasurable opportunities for early adopters and absolutely inevitable for emerging economies like Nigeria.
US State Banking Regulator Sues Government Over FinTech Special Charter
October 26, 2018. CCN
The US regulatory body for state banking has filed a lawsuit against the federal government for granting bank charters to FinTech companies. The complaint calls into question the leniency of FinTech “sandbox” charters.
3 Proven Monetisation Models For FinTech
October 26, 2018. FinTech News
A report indicates that more than 70% of Americans struggle financially. At the same time, these same households pay roughly $175 billion annually in fees and interest for financial products and services, yet most of such instances don’t improve their financial situation.
Sibos 2018: How blockchain makes banks catch up with FinTech
October 23, 2018. Banking Tech
Richard Buckle, founder and CEO of Pyalla Technologies, looks at how banks can not only catch up with FinTechs but to some extent overwhelm the less mature entities – all thanks to distributed ledger technology (DLT).
Business banking, the final FinTech frontier
October 23, 2018. Finextra
Ever since the establishment of Banca Monte dei Paschi di Siena – first bank in history-, banking is all about helping businesses grow. This principle is vital in today’s banking system, followed by laser focus challenger banks who aim to strategically grow their portfolio.
FinTech Now Takes Up 33% of Revenue Share in Financial Services
October 22, 2018. FinTech News
New entrants to the banking market — including challenger banks, non-bank payments institutions and big tech companies — are amassing up to one-third of new revenue, which is challenging the competitiveness of traditional banks, according to new research from Accenture.
More Than 3/4 of UK Consumers Unsure of FinTech, According to TopLine Comms Survey
October 22, 2018. FinTech Times
More than eight out of ten people in Britain (83 percent) are ‘unsure’ of FinTech, according to a survey of 2,000 UK consumers commissioned by TopLine Comms.
Cyverse: Celebrating Female FinTech Leaders
October 22, 2018. FinTech Times
This month, we chatted to Shira Kaplan – founder, CEO & owner of CyVerse, a Zurich-based cyber-security firm which provides best-in-breed cyber-security solutions made in Israel to global and local corporations.
FinTech the most appealing industry for investors as African start-ups bridge the financial gap
October 18, 2018. Biz Tech Africa
We are fortunate to witness a period of monumental progress in Africa. The changes are visible across all sectors. African start-ups have raised a record breaking $560 million in 2017, an increase of 53% from the previous year.
UK FinTech funding is on course to reach new heights in 2018
October 17, 2018. Fintech Global
UK FinTech investment this year is on track to outperform 2017 as size of deals keeps increasing. So far this year the value of FinTech Investments in the UK has reached $2.8bn across 145 deals. The capital raised is already 93.1% of last year’s level.
Jewel Paymentech Teams Up With one of Malaysia’s Leading FinTech Payments Firm
October 15, 2018. FinTech News Singapore
Jewel Paymentech a local financial risk technology company recently signed a partnership with Soft Space, one Malaysia leading payments FinTech firm, who despite having their co-founder recently step down is showing no signs of slowing down.
Hong Kong is Rocking FinTech
October 15, 2018. Crowdfund Insider
Later this month, Hong Kong will host their annual FinTech Week. This year’s event is being billed as the “world’s first” cross-border FinTech event. The multi-faceted conference will straddle Honk Kong and Shenzen – the relatively new metropolis that links Hong Kong to China’s mainland. Macao is being rolled into the event as well, according to organizers.
Opinion | The challenges for FinTech adoption in India
October 15, 2018. Live Mint
FinTech means a great many things to a great many people. In such a broad, fast-moving space, risk and uncertainty are par for the course. Late last week, the International Monetary Fund and World Bank attempted to create a framework within which the tradeoffs between risk and potential should be made.