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Lithuania is one of those countries that punches above its weight in terms of fintech innovation. With a population of less than three million, the country boasts more than 260 fintech companies. It is the largest fintech hub in the EU when it comes to licensed companies. These fintechs, numbering nearly 150, represent the majority Read more…
When you think of the top crypto players in fintech, MoneyGram may not come to mind. However, the 83-year-old company continues to position itself at the forefront of the crypto space. As evidence of this, MoneyGram unveiled its non-custodial digital wallet today. MoneyGram will launch the non-custodial digital wallet in the first quarter of next Read more…
Is the tide turning in favor of crypto? Today’s unanimous, three-judge ruling in favor of Grayscale over the SEC is yet another sign that crypto winter could be transitioning into crypto spring. What happened? As we’ve been reporting in Tales from the Crypto, there has been a growing movement in favor of an exchange-traded fund Read more…
The Hong Kong Monetary Authority (HKMA) unveiled its Fintech Promotion Roadmap today. The goal of the document is to provide a strategic outlook for the coming year to promote fintech adoption and innovation across Hong Kong’s diverse financial services ecosystem. The top takeaways? The Roadmap highlights three business verticals: wealthtech, insurtech, and greentech – as Read more…
We are less than one month out from FinovateFall. In true Finovate fashion, we are hosting 52 companies to demo their technology live on stage. Most impressively, this year, 27 of the demoing companies are new to Finovate. Because more than half of the FinovateFall demo companies are new to us, we figured they might Read more…
CB Insights shared its State of Fintech Q2 2023 report last month. The top takeaways? Fintech funding continues to take a hit, with the report noting that both funding and deals globally have retreated to “levels not seen since 2017.” But wait, there’s more. Mega-round funding, deals valued at $100 million or more, fell to Read more…
Fully backed by U.S. dollar deposits, short-term U.S. treasuries, and cash equivalents, PayPal’s new stablecoin, PayPal USD is now live. The stablecoin – PYUSD – is designed for digital payments, and is compatible with most digital asset exchanges, wallets, and Web3 apps. Eligible U.S. PayPal customers who buy the coin will be able to transfer Read more…
Back off blockchain! And move over metaverse! The future tech on the minds of many innovators in fintech and financial services is quantum computing. Quantum computing leverages the concepts of quantum mechanics to make complex computations that would be very difficult – if not impossible – for traditional, non-quantum computers. Quantum computing provides exponential increases Read more…
The road to recovery for crypto may be long. And making meaningful headway may require more than a few instances of taking one step back in order to take two steps forward. Case in point is the latest hurdle faced by BlackRock as the company seeks to launch a spot bitcoin ETF. On Monday, we Read more…
Keytrade Bank, the first online bank in Belgium, has turned to Infosys Finacle to modernize its core banking system. Courtesy of the partnership, Keytrade Bank will swap out its legacy platform in favor of the Infosys Finacle suite. This will help the financial institution boost efficiency, accelerate time-to-market for products, and provide a superior experience Read more…
Blockchain-based payments network Ripple announced its latest acquisition this week, picking up digital asset management solutions company Metaco for $250 million. The move will help Ripple enter into the crypto custody market, which is expected to reach $10 trillion by 2030. Specifically, it will enable Ripple to expand its offerings, providing customers the technology to Read more…
This week’s edition of Finovate Global takes a look at recent fintech developments involving companies headquartered in France. First up is news that European Buy Now, Pay Later firm Alma has partnered with BNP Paribas and new Finovate alum Numeral to automate payments. “As part of our goal to create the most fluid and seamless Read more…