Finovate Global Switzerland: Temenos Unveils Enterprise Services, Rivero Raises $7 Million

Swiss fintech Temenos launched its end-to-end Temenos Enterprise Services on the Temenos Banking Cloud this week. The new offering will enable banks to lower the cost, complexity, and risk of modernization, and deploy new software solutions in 24 hours. Temenos President Product and Chief Operating Officer Prima Varadhan called the offering “a game-changing approach.” Varadhan Read more…

The Best of Finovate Global 2023: Digital Transformation, Financial Inclusion, AI and Automation

Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. Stay tuned in 2024 for more interviews with some of the most interesting founders, entrepreneurs, and thought leaders in fintech and financial services. “We developed BehaviorQuant because every financial decision is ultimately made by Read more…

Finovate Global Singapore: Multi-Currency Wallets, MAS on Scams, and the OCBC OKs AI

Arguably the premier fintech hub in Asia, Singapore has benefitted from its own strong growth, the emerging economies of its neighbors, and a robust regulatory regime in the form of the Monetary Authority of Singapore (MAS). According to the 2022 FinTech State of Play report from the Singapore Fintech Association, Singapore has more than 1,000 Read more…

Finovate Global Lithuania: The Rise of Regtech in One of the Europe’s Most Dynamic Fintech Hubs

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…

Finovate Global Hong Kong: A Roadmap to the Future of AI and DLT

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…

Finovate Global India: Conversational AI Comes to UPI, Debt-Collection-as-a-Service Scores $50 Million

The Reserve Bank of India (RBI) announced a number of new fintech initiatives this week. Among the more interesting was a plan to bring AI-powered, conversational payments to the country’s UPI (Unified Payments Interface) system. The National Payments Corporation of India (NPCI) launched the platform in 2016. Today, UPI has more than 300 million monthly Read more…

Finovate Global Israel: From Innovations in Payroll to the Impact of Politics

Israel-based payroll and payments technology company Papaya Global unveiled its latest solution this week. The new offering, Papaya Global Payroll Payments, is a fully automated, embedded payments platform that facilitates global payroll processing and mass payments. The solution is designed to assist payroll vendors who typically outsource these payments to third party vendors who often Read more…

Finovate Global Canada: Paytech M&A, Mobile Top-Ups, and New Rules for Crypto Exchanges

Canada Inks New Guidelines for Crypto Exchanges In the wake of the FTX scandal and the so-called “crypto winter,” the Canadian Securities Administration (CSA) has issued a set of new regulations for cryptocurrency exchanges. The new guidelines involve both commitments to investor protection as well as a registration mandate. The mandate requires “crypto asset trading Read more…

Finovate Global Hong Kong: Digital Payments, Cross Border Partnerships, and New Leaders

Hong Kong and Shanghai Banking Corporation (HSBC) launched a new digital payments solution this week. The new offering, called HSBC Merchant Box, is designed to make it easier for SMEs to make international payments across regional and global e-commerce platforms using real-time exchange rates. HSBC Merchant Box will be available to selected HSBC commercial customers Read more…

Finovate Global Africa: Revolutionizing Payments and Promoting Inclusion with Paga’s Tayo Oviosu

This week on Finovate Global, we feature an extended conversation with Paga founder and CEO Tayo Oviosu. Serving more than 21 million unique users in Africa, Paga is a payments and financial services ecosystem that makes it easy for people to request, send, and receive money; pay bills; get remittances and more. Founded in 2009, Read more…

Xoom Adds Cross-Border Money Transfers to Debit Card Deposit Product

PayPal-owned Xoom has added international money transfers to its Debit Card Deposit product. Leveraging a partnership with Visa, U.S. users can send funds directly to recipients’ eligible Visa debit cards. Debit Card Deposit originally launched domestic transfers in 2020. PayPal’s international money transfer service Xoom added a new debit card feature today that will help Read more…