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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.
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. Despite their significant contributions to GDP and employment, SMEs in emerging markets remain underserved by traditional banking.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financial inclusion challenges with 820 million unbanked and 1.8 billion underbanked adults.
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.
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. The rapid adoption of the Leja App over the past year highlights the power of local solutions tailored to underserved markets.
Chandler, United States, April 4th, 2025, FinanceWire Fintech company DecisionFi, LLC is expanding its reach into underserved consumer markets with a suite of financing solutions designed for sectors often overlooked by traditional lenders. billion by 2030, expanding at a compound annual growth rate (CAGR) of 20.3% from 2022 to 2030.
It will embed multi-currency accounts, payments, and access to a best-in-class fintech partner network across multiple geographies. This is hampering innovation as many exciting businesses are excluded based on their size, location, or industry, without any effort made to understand their business.
According to a report in Bloomberg, JP Morgan is going to make fintechs pay up if they want access to customer financial data. Check out this news and more in this week’s edition of Finovate’s Fintech Rundown ! Wealth management Weath management solutions company TIFIN unveils new multilingual LLM innovation hub in India.
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
Since Singapore launched its first digital bank in 2022, five digital banksGXS Bank, MariBank, ANEXT Bank, Green Link Digital Bank, and Trust Bankhave entered the market, challenging traditional banking models and reintroducing fintechinnovation to Singapore’s financial landscape. removing minimum deposit requirements.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. Traditionally, fintechs are known for their agility, innovation and ability to disrupt traditional financial systems.
Amazon Web Services (AWS) has launched its first Innovation Hub in Asia Pacific, located at its corporate office in downtown Singapore. The post AWS Launches Innovation Hub in Singapore, Its First in Asia Pacific appeared first on Fintech Singapore. ” said Jaime Vallés, Vice President, AWS Asia Pacific & Japan.
Singapore-based fintech, Aspire , is launching a new Visa corporate card for small and medium-sized businesses (SMBs) in Hong Kong. By combining Aspires innovative technology with Visas global network, businesses can manage their funds with one account, ensuring reliable, secure, and fast transactions that are widely accepted worldwide. .
This month at The Fintech Times, we’re reflecting on the past year’s fintech highlights while looking ahead to what 2025 might hold. We’ve engaged with fintech CEOs and industry experts to uncover key trends from 2024 and their insights on priorities for the coming year.
Home News Startups JPMorgan opens Fintech Forward programme in the UK Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
It aims to build innovative solutions that address existing challenges, all the while helping to drive sustainable growth and development in the region. This presents a significant opportunity to support the founders who are not only driving innovation, but also addressing the unique challenges and opportunities of the region.
The fintech, which serves as an industry utility with over 30 years of experience, spearheads the creation of innovative digital platforms that support the integration of open banking and finance, crucial for modernising the financial ecosystem.
Thunes has won the Thunes Best Payment Solution Award at the 2025 Asian Banking & Finance Fintech Awards, making its name as a great place to make payments across borders. It’s a great honour to be recognised here in Singapore, a global fintech hub that embodies the spirit of innovation shaping our region.
In this article, we cover the developments between Agentic AI in fintech and possible use cases, giving a glimpse into how financial services could look like in the near future. In fintech, this means AI systems that dynamically manage credit risk, automate trading decisions, and even preemptively block fraud, all without human intervention.
Innovations such as Antom Copilot, which reduces payment channel integration time to just a few minutes, and Antom EasySafePay, which simplifies digital wallet transactions, have contributed to improved efficiency and success rates for merchants. said Peng Yang, Chief Executive Officer of Ant International.
The State Bank of Pakistan (SBP) has awarded Mashreq Pakistan a restricted license for pilot operations as part of the government’s strategy to unlock Pakistan’s digital potential and provide greater access to financial services to underserved consumer groups.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. No one would be surprised to learn that 99 per cent of fintech firms are established with one overarching priority: to make money.
For banks and credit unions to maintain their edge, they should strategically leverage digital offerings to enhance profitability and meet customer demands for efficiency and innovation.” The underserved small and medium-sized business (SMB) market presents an opportunity for FIs looking to grow deposits.
Alipay+ expanded its vibrant wallet-based payment and digtalisation space that further strengthens WorldFirst and Antom , the two business fintech services. We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance. billion user accounts.
The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime.
It aims to align business growth with social value creation, particularly for SMEs and underserved markets. The company’s 10×1000 Tech for Inclusion programme, now in its seventh year, has trained over 7,000 individuals across 110 countries in fintech and digital innovation.
Welcome to the Fintech Review guide , our definitive source for everything fintech. Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. What Is Fintech? At its core, fintech challenges the status quo.
Key considerations included the potential of the proposed virtual banks to serve a broad and diverse customer base, with particular attention given to the unserved and underserved segments, including retail customers and SMEs.
ZORRZ , the pioneering fintech driving financial inclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. “We are delighted that ZORRZ has chosen to partner with CLOWD9!
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. Sending cross-border payments, for example, often comes with heavy processing costs and conversion fees.
This strategic milestone underscores Mastercards commitment to supporting the country’s growing digital economy by providing innovative financial products and services tailored to the market. We are eager to leverage our global expertise and innovative capabilities to introduce advanced payment technologies in this market.
The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also a robust capacity for growth. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth. However, the fintech sector’s journey is not without its challenges.
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.
Responding to the OCC, the AFC ‘s letter has urged a forward-thinking regulatory approach that supports responsible innovation and enables community banks to compete in an evolving financial ecosystem. OCC’s continued engagement on this issue is a meaningful step forward. Moloney , SVP and head of policy and regulatory affairs at AFC.
Project Nemo , a grassroots, not-for-profit campaign, is joining forces with Fintech Fringe and The Payments Association on a new initiative aimed at dismantling financial barriers for adults with learning disabilities. The Payments Association, at the heart of the UKs payments industry, promotes innovation and collaboration.
Enter fintechs, like the Philippines-based Salmon, who leverage agility, talent, and innovation to not only compete and collaborate with banks, but acquire banks and transform into full-fledged financial institutions. Oradian can enable swift entry into any market, including those that have been historically underserved.
The solution will be gradually introduced across multiple platforms to ensure easy and convenient access for customers, allowing for a smooth integration and enhanced user experience of these innovative financial services. The post UAE Financial Group Expands Its Operations With ABHI appeared first on FF News | Fintech Finance.
Payments giant Mastercard is expanding its collaboration with Paymentology , the global issuer processor, to facilitate card issuance for fintech companies in South Africa. “We are equipping fintech companies with market-relevant solutions that enable them to scale effectively.
This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. “Insurance policies and products can often be complex, high-touch, and very time consuming. .
This approach not only strengthens tpay’s service capabilities but also extends financial access to underserved communities, narrowing the gap in digital financial services across META. The post Geidea and Tpay Partner to Transform Digital Payments in KSA, Egypt, & UAE appeared first on FF News | Fintech Finance.
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, has urged the US Senate to expand access to responsible and affordable credit in a new letter.
Mastercard hosted the second annual Mastercard Ghana Fintech Forum in Accra, bringing together key stakeholders and thought leaders in the fintech industry to discuss critical developments and foster collaboration. The event highlighted the progress and innovation within Ghana’s fintech sector.
While Somalia’s financial sector has seen remarkable growth in recent years, a significant portion of the population remains underserved or unbanked. This innovation brings speed and security to daily transactions, empowering businesses and individuals to embrace a cashless economy. Abdirahman M.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 21 January 2025. Offa , the UK Islamic property finance fintech, is joining Connect IFA , a specialist mortgage brokerage network. Most recently, he served as chief operating officer at Bankable.
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