Fintech News

DECEMBER 20, 2023

In 2023, Singapore actively pursued key initiatives across various domains in the financial sector. Finally, partnerships were inked to pursue artificial intelligence (AI) opportunities, increase financial access and address challenges faced by micro, small and medium-sized enterprises (SMEs). and advancing talent.

FinTech 109

FinTech Cross-Border CBDC Web 3.0 109

Finovate

APRIL 16, 2025

April is Financial Literacy Month. While we are all getting an education in trade policy these days, making sure we’re up to speed when it comes to financial wellness is just as important. How they support financial literacy: CoHome introduces parents to the concept of co-investing in student housing for their child.

Financial Literacy 59

Financial Literacy Credit Union Finance On-Demand 59

The Fintech Times

FEBRUARY 12, 2024

New research has been released by Capital One Insights Center , the research facility for the America-based bank, revealing the extent of consumers’ digital and financial literacy. However, over 40 per cent of consumers lack basic financial knowledge, like how to manage debt or build credit.

Financial Literacy 69

Financial Literacy Consumer Online and Mobile Banking Enrollments 69

The Fintech Times

NOVEMBER 16, 2024

Armenia Population: +2,967,000 Capital, financial hub and largest city: Yerevan Gross domestic product (GDP) per capita: +$8,500 Access to a formal financial account (adults): 52.3 The fintech payments market in Georgia is on the rise, growing from just under $1billion in 2022 to $1.18billion in 2023.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

The Payments Association

JUNE 3, 2025

Relax the common bond and credit broking barrier to affordable credit : The Money and Pensions Service estimates that more than nine million adults across the UK were declined credit in just 12 months between April 2022 and 2023, and this figure is only expected to grow. Research conducted by Aberdeen PLC found that 23.3 Its a win-win.

Financial Inclusion 88

Financial Inclusion Financial Literacy Treasury Verification 88

The Fintech Times

SEPTEMBER 18, 2024

Uzum , the fintech and e-commerce ecosystem in Uzbekistan, is joining forces with payments giant Mastercard to launch a new education project to improve financial literacy across the country. We believe these courses will be an important step toward improving financial literacy and building trust in digital payments.”

Financial Literacy 59

Financial Literacy Visa Online and Mobile Banking BNPL 59

Fintech Finance

FEBRUARY 28, 2024

By leveraging Paynetics’ flexible financial framework, Woli embeds critical financial education seamlessly into the user experience, preparing the younger generation to confidently manage their finances amidst the complexities of today’s economic landscape.

Financial Literacy 52

Financial Literacy Embedded Finance Finance Compliance 52

The Fintech Times

MARCH 17, 2025

” DAlmeida says that the trend is “especially concerning” as new innovative fintechs are beginning to unveil new ways to improve financial literacy and competition in Australia. This is where government intervention can have the greatest impact.”

Governance 59

Governance Government FinTech Financial Literacy 59

Fintech News

DECEMBER 12, 2023

These startups should offer products or services that cater to gig workers, employee wellness, physical and mental health, or financial literacy. The inaugural edition of Singlife Connect concluded in August 2023, witnessing the graduation of five startups – GetPaid, Outside, Octomate, Mito, and CHOYS. Singlife Connect 2.0

Financial Literacy 108

Financial Literacy Participant Innovation FinTech 108

Fintech News

SEPTEMBER 18, 2024

An additional S$300 million is being invested from 2023 to 2025, with a focus on customer-led design and development. As part of the strategic partnership, the Analytics and Innovation Lab will be established at SIT’s Punggol campus, serving as a hub for coding, financial analytics, and fintech AI applications.

Financial Literacy 113

Financial Literacy Financial Analysis Innovation AI 113

Fintech News

APRIL 4, 2024

Following its US$36 million Pre-Series C funding round in December 2023, Igloo shared that it is focused on achieving profitability this year. We also hope that this collaboration can provide an opportunity to increase financial literacy among Indonesians and contribute to the national economy,” said Ruth Afrita, Head of Insurance, Tokopedia.

Product 113

Product Consumer Financial Literacy Settlement 113

Fintech News

FEBRUARY 20, 2024

The Singapore National Wages Council had earlier, in October 2023, advised local companies to extend additional financial support to their employees to help manage the country’s surging cost of living, a suggestion that was later endorsed by the government.

Financial Literacy 122

Financial Literacy Advisors Adjustments Government 122

Clearly Payments

FEBRUARY 5, 2025

In 2023, credit cards accounted for 33% of total payments in Canada, surpassing debit cards, which stood at 30%. In 2023, Americans charged $6.22 trillion in worldwide consumer transactions in 2023. As of 2025, there are more than 100 million credit cards in circulation, with over 83.4% in 2024, reaching a total value of CAD 1.2

Credit Cards 59

Credit Cards Processors Visa Acquirers 59

Fintech Finance

SEPTEMBER 23, 2024

workers have missed payments on key household bills in 2023. Moreover, data from The Great British Financial Literacy Test finds that 88% of U.K. According to research from the UK’s Money and Pensions Service (MaPS), more than 16 million U.K. DailyPay has been proven to help. A survey of DailyPay users in the U.S.

Financial Literacy 96

Financial Literacy Small Business Finance Research 96

Fintech News

FEBRUARY 21, 2024

DBS Earmarks S$15 Million for the One-Time Financial Aid The bank set the precedent on 7 February 2024, by announcing a one-time bonus for its junior employees as part of its financial results disclosure.

Financial Literacy 117

Financial Literacy Caps Advisors Accounts 117

Fintech News

OCTOBER 28, 2024

The 18 finalists have been selected based on solutions to challenges in credit access, financial literacy, cross-border payments, and personalized protection, among other areas. Founded in 2023, Heymax has captured a significant base of over 120,000 frequent travellers who use it to optimise their spending and earn free travel.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

Neopay

JUNE 24, 2024

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) has published its 2023 Annual Report, detailing the joint work completed over the past year. Consumer Protection and Financial Innovation Consumer protection remained central to cross-sectoral work in 2023.

Legal Framework 40

Legal Framework Financial Literacy Consumer Protection Risk Assessment 40

Fintech News

AUGUST 12, 2024

This growth will be supported by improvements in digital and financial literacy, making these investments more accessible to a broader audience. In 2023, the value of the market was estimated to be approximately US$689 billion, a figure that’s projected to surge to US$2.1 billion in 2021 to nearly US$515 billion by 2030, a 33.5%

Embedded Finance 113

Embedded Finance FinTech Non-Bank Cross-Border 113

The Fintech Times

OCTOBER 2, 2024

Despite global economic challenges impacting the fintech sector, including wealthtech, investment in the wealthtech sector dropped to less than $200million in 2023. Financial literacy However, a significant challenge persists – financial literacy, particularly regarding concepts like savings.

Financial Literacy 64

Financial Literacy FinTech Underserved Financial Inclusion 64

Fintech News

JULY 3, 2024

million in 2023 to 326.8 Tech-savvy population Singapore consistently ranks high in global financial literacy indices. The 2020 Global Financial Literacy Excellence Center report placed Singapore among the top nations in financial literacy. million in 2024, marking a substantial 21.8 percent increase.

Financial Literacy 109

Financial Literacy Cryptocurrency Digital Currency Accreditation 109

The Fintech Times

DECEMBER 9, 2023

We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023.

Consumer 111

Consumer Financial Literacy Regulations AI 111

The Fintech Times

JULY 22, 2024

According to the 2023 Chainalysis Global Crypto Adoption Index , Indonesia ranks seventh globally in cryptocurrency adoption, putting it ahead of the UK, as well as China. Interest in cryptocurrency in Indonesia has soared, with the value of digital token transactions reaching IDR158.84trillion ($9.76billion) in the first quarter of 2024.

Financial Literacy 80

Financial Literacy Alternative Payment Methods Cross-Border Cryptocurrency 80

The Fintech Times

JULY 18, 2024

After successfully raising $14million in 2023, myZoi , a UAE-based fintech focused on financial inclusion and financial literacy for the underbanked, has launched its first inclusive digital wallet.

Financial Literacy 59

Financial Literacy Financial Inclusion Funds Transfer Payroll 59

Fintech News

APRIL 3, 2024

It draws on a survey of 114 fintech firms across 17 countries, as well as interviews with leaders from 25 fintech firms, conducted between November 2022 and February 2023. According to the report, digital financial services carry significant potential to advance women’s financial inclusion.

Financial Inclusion 128

Financial Inclusion FinTech Financial Literacy Non-Bank 128

The Fintech Times

JANUARY 31, 2025

, the Lord Mayor highlighted a predecessors commitment to financial education. King also believes that 2025 is the year to revisit these initial plans and gain renewed support from both the private sector and Government, harnessing fintech innovation to increase financial inclusion.

FinTech 59

FinTech Financial Inclusion Research Financial Literacy 59

Fintech News

DECEMBER 12, 2023

AI is being employed to assess financial health, create personalised loan offers, and improve customer education and financial literacy programmes. Moreover, the use of Artificial Intelligence (AI) is revolutionising lending by facilitating access to credit and reducing costs.

FinTech 113

FinTech ISO 20022 Fraud Detection Instant Payments 113

Fintech News

DECEMBER 12, 2023

AI is being employed to assess financial health, create personalised loan offers, and improve customer education and financial literacy programmes. Moreover, the use of Artificial Intelligence (AI) is revolutionising lending by facilitating access to credit and reducing costs.

FinTech 98

FinTech ISO 20022 Fraud Detection Financial Literacy 98

The Fintech Times

JUNE 24, 2024

The Consumer Duty came into force for open products on 31 July 2023, and will come into force for closed products on 31 July 2024. The FCA warned stock trading apps to review game-like design features in 2022 ahead of the Consumer Duty’s implementation. ” In the first four months of 2021 alone, 1.15

Financial Literacy 59

Financial Literacy Risk Consumer Participant 59

Fintech News

JUNE 18, 2024

Image: Fortune’s first-ever Southeast Asia 500 Despite the challenges of 2023, which saw a 2.5 UOB also promotes financial literacy and inclusion through its UOB Heartbeat programme, which focuses on financial education, skills training, and entrepreneurship support to aid economic and social development in the region.

Financial Inclusion 104

Financial Inclusion Financial Literacy Cross-Border Economy 104

Finovate

JUNE 10, 2024

The initiative has been hugely successful; in 2023, the number of UPI transactions exceeded 100 billion. Alleviating the reliance on cash and enhancing financial inclusion and digital financial literacy are among the goals of the initiative.

Real Time Payments 83

Real Time Payments Technology Financial Inclusion Financial Literacy 83

Finovate

AUGUST 5, 2024

In partnership with financial literacy platform Doshi, Yorkshire Building Society is offering online financial education to first-time prospective homebuyers. Yorkshire Building Society is a financial services mutual organization that offers savings, investing, insurance, and mortgage products.

Financial Literacy 59

Financial Literacy Non-Bank Credit Union Process 59

Fintech News

FEBRUARY 26, 2024

billion in 2022, plus a further plunge to US$39 billion in 2023, as per CB Insights — has seen fintechs in certain regions noting the poor funding outlook as a hindrance to better growth. But the noticeable decline in fintech investment — halved from US$140.8 billion in 2021 to US$77.5

FinTech 143

FinTech Consumer Financial Inclusion On-Demand 143

Fintech News

DECEMBER 17, 2023

Ajaib said in July that it had recorded 3 million retail investors for its stock trading and Ajaib Crypto products in the first half of 2023, a 50% increase from November 2022. The company also claims it is the first online stockbroker in Indonesia to have scrapped minimum capital requirements.

FinTech 52

FinTech Financial Literacy Online and Mobile Banking Financial Inclusion 52

Clearly Payments

FEBRUARY 3, 2024

In the US, adoption rates have surged among the top 1,000 online retailers, with 46% of the businesses offering BNPL options as of 2023 , up from 28.2% Let’s dig into some key statistics shaping the BNPL market: The global BNPL market is projected to reach $122.19

BNPL 104

BNPL Payments Mitigation Best Practices 104

Fintech News

FEBRUARY 10, 2025

Adjusted figures from 2023 later revealed a massive upward revision of 69%, indicating that current 2024 estimates will likely follow the same trajectory. It must include one that includes financial literacy, better consumer protection, enhanced cybersecurity measures, and deeper international collaboration.

Crime 83

Crime Ransomware Scams Phishing 83

The Fintech Times

OCTOBER 3, 2024

In 2014, the government set up the National Financial Inclusion and Financial Literacy Strategy. Two years later, it took its next step to reduce the country’s high levels of financial exclusion by launching its National Financial Inclusion Strategy.

Financial Inclusion 52

Financial Inclusion Financial Literacy Government Governance 52

FICO

MAY 19, 2023

As of March 2023, Prosper has effectively managed credit limit changes for over 25,000 customers, with over 70 percent of them receiving credit limit increases. Topics include Mastering Credit, Credit Scores, Financial Literacy, Financial Wellness, Managing Debt, and Home Ownership. Millions of consumers in the U.S.

Financial Inclusion 52

Financial Inclusion Credit Limit Financial Literacy Credit Risk 52