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.

Central and South Asia

  • India-based investment app Groww picks up $6.2 million in BBVA-led Series A funding.
  • Uzbekistan’s Digital Trust Fund inks deal with tokenization and securitization service provider BANKEX to bring blockchain technology to government agencies.
  • Entrepreneur.com India interviews Razorpay CTO and co-founder Shashank Kumar.

Latin America and the Caribbean

  • Jamaica Stock Exchange announces successful digital asset trading pilot with Canadian fintech Blockstation.
  • Bolsa de Valores de Panamá goes live with new trading system from Nasdaq.
  • Private equity firm Advent buys $1.42 billion majority stake in Prisma Medios de Pago, an Argentina-based payments firm.
  • Mexican challenger bank Albo raises $7.4 million Series A.

Asia-Pacific

  • IBM announces $250 million partnership with the Bank of the Philippine Islands.
  • UNPay founder Zhang Zhenghua named as 2018 Golden Shell Award’s inaugural “Payment Industry Pioneer.”
  • Hong Kong’s Atom cryptocurrency exchange, AAX, prepares for Hong Kong launch in the first half of this year.

Sub-Saharan Africa

  • Absa to deploy AI to help customers in South Africa switch bank accounts.
  • Nigeria’s Nairametrics lists its Fintech companies to watch out for in 2019.
  • The first online insurance distribution solution in Mozambique, Askari Fintech, opens for business.

Central and Eastern Europe

  • Bankart wins final approval from Slovenian Central Bank to go live with Net’s instant payment solution.
  • CryptoNews looks at the rise in interest in fintech and blockchain technology in Lithuania.
  • Czech fintech Twisto to launch operations in Romania.

Middle East and Northern Africa

  • New partnership helps Moven grow in MENA.
  • Iraq’s Al Mustashar Islamic Bank goes live with ICS Financial Systems’ core banking system, ICS Banks Islamic.
  • Entrepreneur.com talks with Padmini Gupta, co-founder and CEO of UAE-based fintech Rise about democratizing access to financial services.

Top image designed by Freepik

Finovate Alumni News

Around the web

  • New partnership makes Venmo a payment option for Uber and Uber Eats.
  • Hedgeable announces plan to end management of accounts by mid-August.
  • IdentityMind Global to provide KYC for Ontology Trust Ecosystem.
  • Socure named to Red Herring Top 100 in North America for 2018.
  • Mortgage Cadence integrates compliance auditing and monitoring into its loan origination platform.
  • Bluefin and Verifone team up to boost payment security with PCI-validated Point-to-Point Encryption (P2PE).
  • Twisto payment platform goes live in Poland this week.

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.

Middle East and Northern Africa

  • UAE’s Foloosi introduces cashless transactions via digital wallet.
  • Revenue management specialist SunTec partners with UAE’s Mashreq Bank.
  • Jumhouria Bank of Libya to deploy reconciliation management technology from SmartStream Technologies.

Latin America

  • Fintech Futures takes a look at Mexico’s preparation for implementation of its new fintech law.
  • TyN Magazine profiles Argentine P2P lender, TuTasa. In Spanish.
  • Bermuda’s government to amend banking laws to support new class of banks to work with local fintech and blockchain startups.

Asia

  • Bloomberg investigates the challenges Singapore is facing in trying to meet its fintech aspirations at a time of stiff competition for engineering talent.
  • Will China step up regulations on its P2P lending industry?
  • Lattice80 and SuperCharger team up to develop bridge between fintechs in Singapore and fintechs in Hong Kong.

Sub-Saharan Africa

  • Nigerian logistics startup Kobo360 picks up $1.2 million in pre-seed funding; announces launch of Kobo Wealth Investment Network, a crowd investing vehicle financing program.
  • Creamer Media’s Engineering News looks at how policymaking in South Africa will affect fintech innovation in the country.
  • Nuadox features its seven African fintech startups to follow in 2018.

Central and Eastern Europe

  • Silicon Republic features expense-tracking tool BudgetBakers, PFM solution Spendee, and financial services provider for the underserved Twisto in its list of 10 Outstanding Start-ups from Prague to Watch.
  • Blockchain innovator Billon is the first Polish company to be featured in the FinTech 50.
  • Bank of Lithuania introduces regtech solution to make it easier for companies to remotely apply for e-money and payment institution licenses.

Top image designed by Freepik

FinovateEurope Sneak Peek: Twisto

twisto_homepage_january2017

FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Twisto is simplifying daily payments, providing customers with a flexible credit line and helping them regain control over their finances.

Features

  • Pays all non-cash daily payments with one click
  • Seven minutes to access credit line with a card delivered within 48 hours
  • One mobile app to manage all finances, save money and time

Why it’s great
Twisto is a game-changer in payments across the CEE region through simplifying daily payments with the smart use of credit and outstanding customer experience born in the mobile age.
twisto_michaelsmida

Presenters

Michal Smida, Founder and CEO
Smida founded Twisto with the vision to become the leading bank challenger in CEE. Having previously spent four years at Barlcays, he lived in the U.S., Russia, U.K., and is currently based in Prague.
LinkedIn

Lukas Janousek, Chief Strategy Officer
twisto_lukasjanousekJanousek has more than eight years of experience building start-ups. He sold his last venture to O2. He is focused on delivering products with high added value and building a brand customers love.
LinkedIn

Finovate Alumni News

On Finovate.com

  • AnchorID Adds Apple, SolarCity Vet Mark Roe to Board of Directors.
  • Equifax Shakes Up Mortgage Tech with Castlight Partnership
  • Payfone Lands $23.5 Million in Funding

Around the web

  • Pakistan’s Samba Bank to deploy new core banking technology from Temenos.
  • Infosys’s core banking software Finacle goes live at Nepal’s Sunrise Bank.
  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • Mitek partners with the American Cancer Society, supporting mobile fundraising with its mobile deposit and MiSnap technology.
  • Check Point Software partners with Attivo Networks to improve fraud detection.
  • DAVO Technologies has just been approved as a Certified Electronic Return Originator (ERO) with the California State Board of Equalization.

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.