As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.
Capetown, South Africa-based digital lender Lulalend raises $6.5 million in Series A.
Techpoint Africa looks at how fintechs are “democratizing investment opportunities” for Nigerians across the income spectrum.
The Catalyst Fund announces that three Africa-based fintechs – Turaco, Chipper Cash, and Salutat – will join its accelerator program.
Central and Eastern Europe
Estonia’s Tallinn Business Bank (TBB) partners with Icefire and Token to deliver PSD2 compliance.
Cointelegraph profiles Warsaw, Poland’s Alior Bank leverages Ethereum blockchain to authenticate client documents.
Polish Netflix subscribers will soon be able to pay for their viewing via the country’s Blik payment system.
Middle East and Northern Africa
Bahrain’s Bank ABC partners with Jumio, making it the first bank in the MENA region to offer biometric-based, digital KYC.
Egypt’s Banque du Caire to deploy omni-channel banking technology from Temenos.
Wamda interviews Elie Nasr founder of Lebanese fintech startup FOO.
Central and Southern Asia
The Bank of Mongolia will implement Intellect Design Arena’s Quantum Central Banking Solution as part of its digital transformation.
Indian SME-based neobank Open raises $30 million in Series B funding.
India’s Wizely introduces a new mobile savings account.
Latin America and the Caribbean
Contxto looks at the current fintech landscape of Mexico.
How will Facebook’s Libra project impact Latin America?
BBVAannounces major changes to mortgage portfolio, including a rate reduction.
U.K. regtech firm ClauseMatch teams up with Singapore-based consultancy Ingenia, the company’s first client in the country.
Axinan to work with PT Sompo Insurance to provide on-demand insurance options to Indonesian millennials.
The Monetary Authority of Singapore to issue as many as five new digital bank licenses.
Congratulations to the trio of companies that earned Best of Show honors from our FinovateAsia 2018 audience. This year’s selections reflect two key themes in fintech: the importance of enabling banks with the resources they need to empower SMEs to better serve their customers, and the rise of intelligent virtual assistants to improve efficiency and enhance the customer experience.
Arival Bank for its ArivalOS digital banking platform that integrates a full suite of third party fintech products tailored for SMEs, including bank accounts, money transfers, debit cards, mPOS, factoring, and lending. Video.
Avaloq for its platform that provides seamless access to fintech solutions via a “double marketplace” that brings the app store concept to banking. Video.
Voca.ai for its human-friendly, virtual intelligent agent for financial services call centers that helps drive lead generation, cross-sales, notifications, scheduling, and more. Video.
A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.
Arival is the first digital fintech bank for SMEs. Arival partners with some of the best names in fintech to deliver awesome products tailored for businesses. Arival makes running a business easy.
Supports 100% online business account opening from any part of the world
Provides access to digital banking products handpicked for SMEs
Integrates the best fintechs to create an amazing banking experience
Why it’s great
Imagine if all your favorite fintechs existed inside your bank and you never had to go searching for another financial product or service again.
Jeremy Berger, Chief Operating Officer
Berger is a young entrepreneur with big dreams. Driven by resilience and an insatiable desire to create a legacy, Berger is on a mission to help businesses discover the new world of digital banking. LinkedIn
Igor Pesin, Co-Founder and CFO
Pesin is a Partner at Life.SREDA (Singapore), one of the first fintech-only VC funds in SE Asia with a portfolio of 25+ fintech startups. Pesin co-founded Arival, the first fintech bank for businesses. LinkedIn