Fintech

Africa’s Fintech Startups Are Innovating Out of Need and Global Investors Are Backing Them

It is hard to miss news of the several funding rounds recently raised by fintech startups in Africa. After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year.

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Fintech and the Digital Future: Bloomberg QuickTake

Not so long ago, homebuyers, entrepreneurs and investors went hat-in-hand to the bank to apply for a mortgage, small-business credit line or brokerage account. Financial technology, or fintech, is rapidly changing all that by making it easier to save, borrow and invest online or with a mobile device, without ever dealing with a traditional bank.

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Ant Financial Launches B2B Fintech Suite With Blockchain, AI Solutions

Ant Financial Services Group, the payments and financial services arm of Chinese e-commerce giant Alibaba, has launched a new suite of fintech products and services targeted at financial institutions and banks.

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How Lehmans Collapse Started the FinTech Fire

It’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some. I personally think FinTech was bubbling away before the GFC but, certainly, the GFC led to massive investment focus upon changing the system (almost 100 billion since 2010).

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Goldman Sachs Nears Deal to Sell Its Fintech App

Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.

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Banks Step Up to the Fintech Threat

Winning, or even succeeding, in today’s global market requires a new set of tactics. Manoeuvring through the rapidly changing landscape demands a wider and yet more detailed map. Gone are the days when providing a faster, better, cheaper solution is all it takes to stay ahead of the competition.

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Abu Dhabi Courts Fintech Firms and Investors to Grow Digital Economy

Abu Dhabi is luring a rising number of financial technology firms from the Middle East and beyond to its shores through new funding, mentorship and regulatory schemes, as part of its strategy to grow the UAE’s digital economy.

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The Success Story of the Fintech Revolution in China

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75 of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party payment segments.

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New York Sues U.S. To Stop Fintech Bank Charters

New York state’s top banking regulator on Friday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk.

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Fintechs Push to Get Out of the Shadow of Uber, Amazon

Uber and Amazon aren’t payment processors, banks or card companies. But both companies loom as threats and trendsetters for companies that squarely are in financial technology.

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The Fintech Banks Are Coming: Why You Should Care

The fintech banks are coming. With regulators accepting applications from financial technology startups for national bank charters, traditional banks are going to see a lot more competition. Potentially bad news for them. But for consumers, it could be a win if it results in better service and lower costs.

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How Today’s Regulatory Bodies Are Impacting FinTech Development

Regulation is an integral part of today’s society and one that many of us aren’t even truly aware is thrumming around us. From the laws we abide by every day, to the rules protecting consumers against corporate exploitation, regulation is all around us, constantly keeping us and the commercial bodies around us in line with […]

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