Search result for FinTech
The words from the central bank are the focus as European markets end on a slightly higher note; fintech Wise is up 16%.
Tuesday was mostly a bad day for European markets, but they ended on a cautiously optimistic note as investors listened to what central bankers said at the ECB Forum in Sintra.
After six straight down days, the pan-European Stoxx 600 finished with a tentative gain of 0.09%.
Th...
Ant Group, owned by billionaire Jack Ma, has launched a digital bank
In Singapore, the fintech behemoth said that its wholly-owned and Singapore-based subsidiary ANEXT Bank will provide financial services to small and medium-sized businesses in the region, with an emphasis on those with cross-border activities. The company, which is led by former DBS CEO Toh Su Me...
Libeo, a French B2B payments expert, bids hello to the United Kingdom
According to the EY Global Fintech Adoption Index, the United Kingdom has the most developed fintech market for consumers in Europe, both in terms of size and usage. However, the rate of adoption of fintech among SMEs in the United Kingdom is far lower, with just 49% of UK firms still using paper...
International Fintech Wise to employ 150 people in its Singapore headquarters this year
Wise, a financial technology business, stated on Wednesday that it wants to employ 150 people in its Singapore headquarters this year (Feb 16).
It added in a press statement that this comprises jobs in engineering, product development, design, analytics, compliance, payments, and other ...
Global Fintech Personal Finance Market to grow at 11.5% during 2021 - 2029
Global Fintech Personal Finance Market is estimated to grow at a CAGR of 11.5% over the forecast period (2021 – 2029).
Extensive information on the following pointers will be covered in the 402+ Pages Research study:
- Global Market size and foreca...
Fintech Airwallex Announces International Payment Services for the Country
The Airwallex platform of Fintech has been granted the license of Major Payment Institution by the Monetary Authority of Singapore prior to its official launch in the country.
Singaporean businesses can now benefit from the international payment services offered by Airwallex that includ...
Is Thailand Prepared for the Metaverse?
The next digital revolution can promise Thailand great success, but also great peril.
The concept of the metaverse is not something new but has started attracting worldwide attention only recently. The metaverse is the use of advanced technology for the creation of a boundless vi...
NY BASED FUTURE FINTECH ACQUIRES SICHUAN BASED NANJING RIBENSI
Highlights:
• Acquiring of the Chinese miner by the US-based fintech firm was driven by the ongoing bitcoin rally
• Nanjing Ribensi was chosen for its location in a hydroelectricity rich region w...
GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO
Highlights –
- Global investors value Ant Group at over $200 billion after halting IPO.
- The amount is said to be third above Ant’s valuation after its fundraising in 2018.
- Ant’s business was affected a little by regulatory s...
US-BASED STARTUP STRIPE TO SOON MAKE ITS DEBUT IN INDIA
Highlights
• US-based payments startup Stripe is probably one of the most talked about topic across the world thankfully because of its latest fundraise of $600 million at a valuation of a whopping $95 billion
• Stripe will also soon be available to millions more bus...
$200 MILLION RAISED BY NYDIG; OLD INVESTORS A PART OF THE ROUND
Highlights:
• NYDIG is a known name in Wall Street
• The firm has the backing of strong and established corporate houses.
LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE
HIGHLIGHTS
- Public sector banks are planning to build and share digital infrastructure.
- Not just software, banks are likely to share the hardware used for setting up the back office and servers.
In response to the rapid digital adopti...
INDIAN ISVS SWIFTLY MOVING TO ORACLE CLOUD
HIGHLIGHTS
- Many ISVs are running their business critical applications on OCI to improve application performance.
- Oracle has two cloud regions in India.
- OCI got highest ranking in a recent IDC survey.
To improve application...
SINGAPORE BASED FIRM TO INVEST $50 M IN DeFi START-UPs
Highlights:
• The firm has a long term plan of creating a new financial system in about 20 years dominated by DeFi and fintech firms
• &...
VISA'S $5.3 BILLION PLAID ACQUISITION FALLS THROUGH
Highlights:
- The US Department of justice was unhappy about Visa's fee charges for online debit
- The failed deal will leave other fintech firms to develop online debit systems
The planned acquisition of a Plaid, a fintech firm by ...
WILL KAKAO BANK’S IPO IN 2021 TURN THE MARKET AROUND?
- Kakao Bank, one among a small number of digital banks in Korea, became a profitable solution in 2019 after just 18 months of operation. The bank is all set to launch an initial public offering (IPO) in 2021. The process of selecting underwriters is underway.
- The key questions f...
ANT GROUP IPO FALLS FROM GRACE WITH SUSPENSION WRITTEN IN BOLD LETTERS
- The Shanghai stock exchange has restricted Ant Group's A-share IPO on its STAR Market, which was previously marked for Thursday, the Chinese exchange said on Tuesday.
- Ant Group has of late reported to China's securities regulator about the significant changes in the reg...
CHINA SHARES INCH HIGHER; ECONOMY DOES A HASTY VOLTE-FACE FROM PREVIOUS STALEMATE
- China shares were up for a change ending higher on previous Tuesday in a relatively weak session, as new-found optimism over resurging consumption lifted the benchmark index, though trade figures showed a slack pace of new home price growth in the world's second-largest economy....
CEO OF KOREAN FINTECH SEEKS $200 MILLION
Highlights:
- Viva Republica Ltd. is planning to raise about $200 million from investors to expand its online banking and trading services.
- Founder Lee Seung-gun stated that they are planning to go public in two to three years with a listing in Hong Kon...
MOTOREFI GOT $8.6 MILLION TO LIVE ITS AUTO FINANCING PLATFORM
Highlights:
- MotoRefi, an American fintech startup, raised funding of $8.6 million in a Series A funding round.
- Auto loan debt is a serious issue in America.
- Americans are still under $1.2 trillion in auto loans.
MotoRefi, ...