Fintech

Ant Financial Bids to Acquire UK Fintech WorldFirst

Ant Financial, the payments affiliate of Alibaba Group, is in advanced discussions about a takeover of UK fintech firm WorldFirst in a move that would allow the subsidiary of Chinas biggest e-commerce company to tap into a big player in Europes payments sector.

Read More

Harnessing the Fintech Revolution to a Better Future

Innovation drives progress by disrupting the status quo and forcing established players to raise their game. But innovation can also be destructive if it is not managed properly, and financial innovation (fintech) is no exception.

Read More

China Launches Blockchain and Fintech Incubators in Guangdong “Finance High Tech Zone”

Twenty-eight Chinese blockchain and Fintech companies have found a home at a newly-inaugurated blockchain incubation centre located in the Guangdong Financial High-tech Zone, CSDN reports.

Read More

Fintech Startup Phi Commerce Is Bringing Doorstep Payments Innovation to Non-metro India

Startup Pune-based Phi Commerce operates a payments processing platform, PayPhi, for Cash-on-Delivery orders. Now, it is also tapping into card and credit purchases. That India runs on cash is a foregone conclusion. It is one of the reasons why demonetisation was deemed a “disaster” in most economic circles.

Read More

Irish Fintechs Predict Strong Revenue Growth, to Increase Headcount

New census shows 17% of fintechs expecting turnover to rise by more than 50% As many as 7,000 people are working in the Irish fintech sector with almost all start-ups in the space taking on up to 50 additional employees over the next 12 months, a new report shows.

Read More

Kenya Gets Ready to Unveil Sandbox Policy | PYMNTS.com

In Kenya, the Capital Markets Authority (CMA) has issued its FinTech Sandbox Guidance Note, which is now finalized as policy. As reported by BitcoinKE, the sandbox had been announced in the middle of the year, and, as reported earlier in December, will soon be made available to stakeholders within the financial realm before being made […]

Read More

Payments Fintech InstaReM Improves Service for SMEs

InstaReM says it is introducing a new feature to its money transfer platform that improves payments from SMEs. The company states that users in Southeast Asia making regular overseas payments to vendors, suppliers, and service providers, can now do so more quickly, transparently and at Zero-Margin FX Rates with the platform.

Read More

Mobile Payments and Finance Should Accompany a Tech Revolution in the Back Office

Mobile payments are eliminating the need for cash, online banking offers fast and easy convenience and banks are incorporating customer-facing front-end operations with digital solutions.

Read More

London FinTech Raises $4M for ‘Social’ Bank

A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports.

Read More

Leading China Into the New Future of Fintech

Hangzhou leads the country in the booming financial technology sector with just 13 companies investing a total of US23.88 billion. This compares with Beijing, which has the most fintech companies – 58 with a total investment of US21.

Read More

DuitNow Now Available to 17 More Banks

An additional 17 banks and non-banks will soon launch the DuitNow service as well. Customers wishing to receive DuitNow fund transfers using their mobile number need only perform a simple one-time registration to link their mobile number with their account number at their bank.

Read More

Cross-Border Payments and Bank-FinTech Collab

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration, particularly between banks and FinTech firms.

Read More