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.
Latin America and the Caribbean
- Banco Fassil is the first Bolivian company to migrate its ATM network to TranzAxis from Compass Plus.
- Legal Tech News reviews the improved opportunity for investment in the Mexican fintech market.
- Can blockchain technology fix Argentina’s financial crisis? VentureBeat considers the challenge.
Asia-Pacific
- Siam Commercial Bank is the first bank on Ripple’s RippleNet to pioneer multi-hop, a feature that allows payment settlement on behalf of other financial institutions on the network.
- Singapore and Hong Kong-based digital private banking clients of Credit Suisse now can communicate with their bank via Apple Business chat.
- Singtel launches electronics payments alliance with a pair of Thailand-based partners.
Sub-Saharan Africa
- South African fintech Centbee announces beta launch of its bitcoin cash wallet.
- BitCoinke looks at funding for African fintech startups in 2018.
- Fintech Association of Nigeria begins fintech learning series in partnership with the SEC.
Central and Eastern Europe
- Sberbank to offer loans of up to RUB 300,000 without proof of income as part of new pilot program.
- FICO to provide KYC and onboarding solutions for Belarus-based lender, Belgazprombank.
- Alfa Group of Russia plans to launch online insurance company, Mango.
Middle East and Northern Africa
- Cameroon’s biggest bank, Afriland First Bank, to deploy Temenos’ T24 core banking platform.
- Qatar Islamic Bank to leverage solutions from Volante Technologies to help meet PSD2 and open banking standards.
- ICS Financial Systems completes blockchain proof of concept for Arab Jordan Investment Bank (AJIB).
- Tunisia’s Banque de l’Habitat (BH) selects Temenos’ T24 core banking system.