Finovate Global: Fintech News from Around the World

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.

Sub-Saharan Africa

  • Mastercard partners with Kenya-based PSP, DGO Group, to enable 40,000+ African merchants to accept Mastercard payments.
  • Forbes looks at the founding role of women in Africa’s fintech industry.
  • QuartzAfrica’s review of 2018 begins with a discussion of partnerships between Nigerian fintechs and “global payment giants.”

Central and Eastern Europe

  • Estonian fintech startup CostPocket wins Rockstart pitch competition at the Digital Freedom Festival.
  • Trulioo announces its ID verification services are now available in the Czech Republic and Slovakia.
  • Russia-based Oz Forensics wins Fintech Startup of the Year award at India FinTech Awards 2018.

Middle East and Northern Africa

  • ACI Worldwide helps the National Bank of Kuwait launch Swift’s global payments innovation (gpi).
  • Albawaba asks “What UAE Startups Should Expect in 2019?”
  • Daily Sabah calls 2018: “The Year of Million-Dollar Startups in Turkey.”

Central and South Asia

  • InstaReM introduces new feature to enhance ability to make multi-currency payments to multiple beneficiaries.
  • Pakistan’s CareemPay is the latest fintech to challenge the country’s payment industry.
  • Indian government announces new initiatives to support fintech innovation.

Latin America and the Caribbean

  • Forbes profiles “corporate credit cards for startups” specialist Brex and the potential of the company to expand to Brazil by 2021.
  • Mexico’s El Empresario considers the potential for the country’s fintech sector in 2019. In Spanish.
  • iProUP’s Mundo Fintech looks at the fintech industry in Argentina i the wake of the financial crisis. In Spanish.

Asia-Pacific

  • Chinese ride-sharing company Didi Chuxing launches in-app financial services including credit, financing solutions.
  • PaySend inks payments partnership with Vietcombank.
  • TechCrunch features Chinese online consumer lending platform, 360 Finance.

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Finovate Alumni News

On Finovate.com

  • SuperMoney Teams Up with Lending Platform Best Egg.

Around the web

  • Wealth Migrate nears £1.35 million in its equity crowdfunding campaign on Seedrs.
  • Trulioo announces its ID verification services are now available in the Czech Republic and Slovakia.
  • More than a dozen Finovate alums shortlisted for the 2019 FS Tech Awards to be announced in late March.
  • PaySend inks payments partnership with Vietcombank.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Check out a sneak peek of Topicus.Finance’s upcoming demo at FinovateAfrica.
  • Launchfire Launches StepDemo to Enhance Employee Training.
  • Poland’s Braintri Merges with iCompass.

Around the web

  • Xero teams up with Absa Bank to improve access to financing for South African SMEs.
  • TransferWise opens its API.
  • Fenergo introduces new Client Lifecycle Management: Front to Middle Office Transformation app on Salesforce AppExchange.
  • Mortgage Cadence adds to its Enterprise Lending Center loan origination platform courtesy of a partnership with MGIC.
  • Tinkoff Bank enables its iOS-using customers to buy concert and theatre tickets via its mobile app.
  • ThetaRay CEO Mark Gazit appointed to the International Technology Advisory Panel of the Monetary Authority of Singapore.
  • Klarna forges partnership with weighted blanket developer, Gravity Blanket.
  • Temenos announces Technology Partner Agreement with distributed SQL database provider, NuoDB.
  • Aqubix, Behaviosec, CustomerXPS, ElectronicID, GreenKey, IdentityMind, Jumio, NICE, Onfido, Payfone, SecuredTouch, Sedicii, Trulioo, and Trunomi honored on RegTech 100 list.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • CredoLab, GoBear Launch Credit Solution for the Underbanked.
  • Meniga Lands $3.4 Million from Íslandsbanki.
  • TransferWise Teams Up with Dutch Digital Bank bunq.

Around the web

  • Jack Henry’s Symitar Credit Unions expand outsourcing initiatives.
  • Trulioo expands European operations with new presence in Dublin.
  • Arab Bank for Investment and Foreign Trade (Al Masraf) licenses Temenos‘ Learning Community Engine.
  • Fenergo expands into private banking and wealth management.
  • AlphaPoint integrates stablecoin TrueUSD into its exchange network.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Credit Karma Acquires Noddle to Launch in the U.K.

Around the web

  • Moneyhub announces integration with PensionBee API.
  • Outsystems unveils new program, outsystems.ai, to leverage AI and machine learning to improve software development.
  • Finastra introduces Open Banking Readiness Index for Asia Pacific region.
  • Trulioo reports ability to verify five billion people via its identity verification platform, Global Gateway.
  • Wipro collaborates with Check Point Software to offer cloud security services.
  • Unison expands with Goldwater Bank Partnership.
  • Flywire partners with the Dallas-Fort Worth Hospital Council to offer members payment solutions.
  • How I Built This podcast features Betterment founder Jon Stein.
  • Roostify names Courtney Keating Chakarun as new Chief Marketing Officer.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Payworks to Fuel New Point of Sale Tool for Bambora.
  • Roostify Enhances Customization with New Adapt Tool
  • Check out today’s FinovateFall Sneak Peeks:

Around the web

  • Seasons FCU selects online and mobile banking technology from Bankjoy.
  • Customer experience specialist Truphone partners with Verifone.
  • AlphaPoint taps Sri Manda as its new Chief Information Security Officer.
  • RegTech Supplier Performance Report ranks Trulioo’s GlobalGateway as top ID verification tool for third consecutive year.
  • Telenor pioneers Norwegian Open AI Lab.
  • WSJ features LendUp’s focus on subprime lending.
  • Diebold Nixdorf hires advisers to seek a sale.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Global: Fintech News from Around the World

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.

Sub-Saharan Africa

  • Mookh Africa, a fintech startup from Kenya that has developed a social business payments solution, wins Visa’s Sub Saharan Africa Everywhere Initiative contest.
  • Techpoint declares 2018 The Year of the Nigerian Fintech Startup.
  • Temenos taps Alexandre Menage as new Head of Sales for Africa.

Central and Eastern Europe

  • Equities.com reviews the 10 Hottest Places to Launch a Fintech Startup in Central and Eastern Europe.
  • Total Croatia News looks at money transfer startup, Aircash, which has gained 15,000 users in the first 12 months of operation.
  • Ukraine’s Financial Stability Council issues digital currency regulating document as popularity of crytocurrency trading in the country grows.

Middle East and Northern Africa

  • Salaam Gateway discusses how Dubai’s FinTech Hive supports Islamic fintech with the organization’s executive Vice President, Raja Al Mazrouei.
  • UAE-based merchant acquirer Network International introduces e-commerce platform for SMEs.
  • Daily Sabah looks at venture investment in Turkey in the first half of 2018.

Central and South Asia

  • Aurora talks with President and CEO of Telenor Bank, Shahid Mustafa about microfinance and e-commerce in Pakistan.
  • Onfido to Secure Drivers for India’s Largest Rideshare Company.
  • Fortune India interviews PayU India’s CEO Amrish Rau.

Latin America and the Caribbean

  • Incoming cohort for Startupbootcamp FinTech’s second Latin America-oriented program features fintechs from Mexico, Costa Rica, Ecuador, Chile, and Peru.
  • The Sociable profiles Microsoft-backed Imagine Lab Chile.
  • PYMNTS.com looks at how financial institutions in Latin America are coping with cyber fraud.

Asia-Pacific

  • Trulioo extends its identity and business verification service to the Philippines.
  • Personetics Scores Minority Stake Investment from United Overseas Bank.
  • Hong Kong Monetary Authority unveils Open API framework.

Top image designed by Freepik

Finovate Alumni News

On Finovate.com

  • nCino Partners with Secure Trust Bank.
  • Onfido to Secure Drivers for India’s Largest Rideshare Company.
  • Dynasty Financial Partners Teams Up with Cash Management Innovator MaxMyInterest.
  • Continuity to Provide Compliance Tech for Affinity FCU.

Around the web

  • CREALOGIX to implement its mobile application platform for VZ Depotbank.
  • Trulioo extends its identity and business verification service to the Philippines.
  • OutSystems named Leader in Gartner’s Magic Quadrant for Mobile App Development Platforms for the second year in a row.
  • MBT Bank to deploy SilverLake System from Jack Henry & Associates.
  • Fairstone Financial converts consumer loan portfolio to Fiserv’s LoanServ real-time servicing platform.
  • Temenos taps Alexandre Menage as new Head of Sales for Africa.
  • Lendio announces 90% YoY quarterly revenue growth.
  • Blackhawk Network’s CashStar wins PayTech award for Best E-Commerce Initiative.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Kinetica Taps Dell for Hardware.

Around the web

  • Workfusion announces Smart Process Automation 9.0 — the newest evolution of its flagship AI-powered RPA software.
  • Trulioo and Acuant join forces on AML/KYC Compliance.
  • SnapCar and Revolut team up to offer instant payouts to SnapCar drivers (in French).
  • InComm achieves HITRUST CSF Certification to mitigate security and compliance risk.
  • Glassdoor lists PayPal as one of 20 companies that champion LGBTQ equality hiring.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • iProov Wins Contract with U.S. Department of Homeland Security.
  • iSignthis Unveils B2B Transactional Banking Service, Partnership with Gobbill.
  • LendStreet Raises Additional $117 Million for Debt Restructuring.
  • DarcMatter Partners with Crypto Fund #Hashed.

Around the web

  • Trulioo’s AML/KYC identity verification now covers Romania.
  • MicroStrategy wins 2018 NetworkWorld Asia Information Management Award.
  • Token completes PISP open banking transaction.
  • Actiance and Smarsh update executive leadership team in wake of merger.
  • Investor Junkie takes 401(k) roboadvisor Blooom for a test drive.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.