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However, the AFC , on its mission to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy, has taken issue with this proposal suggesting it is overregulating the market, and could potentially impact the freedom of regulation.
Small businesses have been among the biggest beneficiaries of the transition to fintech-powered modern payments systems, with the average benefits across all fintech solutions totalling $9 billion as a result of their adoption. after adopting a fintech payment solution. after adopting a fintech payment solution.
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation.
In many regions, they create jobs, drive innovation, and stimulate local economies. Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers. Fintech companies see this gap as an opportunity to innovate.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. In Southeast Asia alone, 85% of adults are underbanked, translating to approximately 300 million individuals lacking adequate access to financial services. CAGR between 2024 and 2029, reaching nearly US$1.7
In January 2025, the Swiss Financial Innovation Desk (FIND) announced the release of Pathway 2035 for Financial Innovation Your Navigator , a guide designed to steer financial and fintech leaders toward a resilient future. Panel and Organising Committee of the Event ReDesigning Financial Innovation.
Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. Featured image credit: Edited from Freepik The post Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations appeared first on Fintech Singapore.
Fintech is all about keeping up in a fast-moving industry. In Singapore, where cutting-edge financial innovation meets smart regulations, the fintech scene is buzzing with competition and collaboration. 6 Fintech Events to Attend in Singapore in 2025 1. ATxEnterprise opens the door to the advancements shaping tomorrow.
ASEAN’s fintech sector has seen remarkable growth, with funding rising more than tenfold since 2015, according to the Fintech in ASEAN 2024 report launched today by UOB , PwC Singapore, and the Singapore Fintech Association. A significant driver in 2024 has been Singapore and Thailand, which led ASEAN’s fintech funding.
The event is expected to bring together leading regulators, fintech executives, banks, and industry disruptors from across the Asia-Pacific region to discuss trends and innovations shaping the financial sector, with a focus on real-world case studies and actionable strategies. Yet, its potential is far from being fully realised.
In 2024, Indonesia’s fintech scene reached new heights, with one of the top highlights being. From regulatory shifts to technological breakthroughs, here’s our pick of the top Indonesia fintech stories 2024 that shaped Indonesias fintech landscape. trillion (US$73.3
The post W Chain Collaborates With Google Backed NeurochainAI to Drive AI-Powered Innovation in Global Payments appeared first on FF News | Fintech Finance. W Chain and NeurochainAI are working to define payment’s future with brainier systems run by the latest technology.
equity stake in Jingle Pay , one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across key markets. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. How does Almond FinTech ’s proprietary technology enhance the speed and transparency of cross-border transactions for financial institutions? Let’s dive in.
In 2024, Singapore continued to solidify its position as a global fintech leader. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0, Generative AI (genAI) in particular is witnessing booming adoption.
Speaking about the companys consistent growth, Kamal Hasanov, Group CEO- Guavapay said, Customer centric technology innovation at Guavapay has been central to our growth. The post Guavapays Transforming All Things Payments with Technology Innovation appeared first on FF News | Fintech Finance.
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event.
Silverflow , a leading innovator in payment processing technology, has partnered with shared mobility platform Bolt to optimise payment operations through the implementation of Silverflows next-generation platform and enhanced data transparency capabilities. We look forward to the continued development of this partnership.”
Technological breakthroughs Flutterwaves dedication to innovation is evident in its technological advancements. These innovations have earned Flutterwave prestigious accolades, including being named Fast Companys Most Innovative Company for the EMEA region in 2024 and winning Fintech of the Year 2024 by the African Bankers Award.
ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.
With fintechs gender gap stuck in the dark ages, does the next generation of women even want in? Hannah Duncan takes her Gen-Z sister to the Women in Fintech Powerlist celebration to find out. How can a young woman on the precipice of her career get into fintech? Soon-to-be graduates are the future, and we need them.
Kenyan fintech startup Leja has achieved remarkable growth, processing $2 billion in B2B payments since launching its B2B payments service in Kenya earlier this year. By leveraging its innovative data-driven credit scoring and payment solutions, Leja aims to drive revenue growth while advancing financial inclusion.
The company received the highest scores in critical categories, most notably in Strategy and Execution, reaffirming its position as an innovator in the payments industry. This internal expertise and exclusive focus on payment and messaging solutions were key factors in achieving its highest score for Strategy and Innovation.
Network International (Network) ( www.Network.ae ), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider.
” “ABN AMRO is committed to supporting the growth of businesses with innovative financial services,” says Marc Baan , Head of Strategy & Innovation a.i. at ABN AMRO.
” The post Swift, UBS Asset Management, and Chainlink Successfully Complete Innovative Pilot to Bridge Tokenized Assets With Existing Payment Systems appeared first on FF News | Fintech Finance.
We previously explored why the convergence of SaaS and fintech is so compelling. Now, as fintech matures and SaaS evolves, a second wave is taking shape. Now, as fintech matures and SaaS evolves, a second wave is taking shape. This is SaaS fintech v2.0. In contrast, SaaS fintech v2.0 SaaS fintech v2.0
Jon Pollock, Elbow Beach CEO and managing partner Jon Pollock , Elbow Beach CEO and managing partner, said: Elbow Beach is on a mission to ensure Britain remains a global leader in climate technology innovation, and were going to help support the next generation of founders who are driving real transformational change.
Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role as a key driver of financial inclusion and innovation in the region. With IPO readiness and strategic expansion on the horizon, PayTabs is building a future-proof fintech enterprise for the AI era.
Tenity, a global innovation ecosystem and early-stage fintech investor, is expanding its focus on decentralised finance (DeFi) through its Incubation Fund II. These accelerator programmes have focused on developing DeFi solutions, real-world asset tokenisation, and payment innovations.
Were excited to expand our global presence and continue driving innovation in the crypto economy. The post Flashpoint Made Its 8th Fintech Investment and Led a $3M Finance Round in INXY Payments to Revolutionize Crypto Payments for Businesses appeared first on FF News | Fintech Finance.
The Ultimate Guide for Founders, CFOs, and Finance Teams Choosing the right fintech stack can make or break a company’s financial operations. Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical.
Money20/20 Asia’s show focus, Empowering Humanity Through Collaboration: Pioneering Secure, Frictionless, and Sustainable FintechInnovation in Asia, explores the future of finance and sustainable, collaborative fintechinnovation. Fintech News Network readers can save an additional US$200 with the code FNN200.
Floris de Kort “This is a significant milestone for Thunes as we continue to expand the global reach of our Network and drive innovation in the global payments space. Featured image credit: Edited from Freepik The post Thunes Enables Global Payments to Mastercard, Visa, and UnionPay Cards appeared first on Fintech Singapore.
This collaboration marks a pivotal moment for merchant services worldwide, setting a new standard for innovative payment solutions that are moving commerce forward.” Crypto.com Pay is a secure and scalable technology, offering our customers yet another innovative way to interact with cryptocurrency – as the future of payments.”
Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. Adoption of fintech products in Vietnam is expected to grow further.
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. Adeline Kim “This innovative solution represents our commitment to providing a simple, convenient, and secure way for consumers to pay.
dtcpay has a strong track record of innovation and achievement in the fintech sector. The post dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025 appeared first on Fintech Singapore. This surge highlights the increasing demand for stability and reliability in digital payments.
Outlined under Decree 94 issued on 29 April, the initiative introduces a regulatory sandbox for fintechinnovations in the banking sector, set to begin on 1 July. The pilot is designed to evaluate emerging financial technologies under controlled conditions while balancing innovation with risk management.
It underscores Visa’s commitment to supporting fintechinnovation and financial inclusion in the region.” This collaboration integrates Visa’s payment expertise, Cake’s innovative DNA and GC’s secure and scalable infrastructure to deliver a seamless payment experience and operational efficiency.”
He has successfully led payments innovation in diverse markets such as Europe, CEMEA, and LATAM, focusing on driving growth, increasing operational efficiency, and developing cutting-edge solutions for financial institutions and corporate clients. I’m excited to join Tuum at such a pivotal moment.
India’s efforts signal its growing influence in shaping the global financial ecosystem, particularly through innovations in payment infrastructure and digital currency frameworks. Featured image credit: Edited from Freepik The post India in Talks to Forge New Cross-Border Payment Linkages, Says RBI appeared first on Fintech Singapore.
Securing the 47th position overall, 7th in the Fintech, Financial Services & Insurance category, and 1st place among Estonian companies, Wallester has cemented its status as a leader in the fintech sector.
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