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The following is a guest post by Lily Tran, content writer for MoneyTap. Southeast Asia is one of the fastest-growing fintech markets in the world. The expected market growth is estimated to be between $70 billion and $100 billion by 2020, outpacing the likes of the U.S., U.K. and China. One of the contributing factors Read more…
As the price of bitcoin returns to old highs, we see a renewed appetite for cryptocurrencies and digital assets of all kinds. Add to this a new generation of investors raised on the wealth-building possibilities of alternative assets like private securities. The result is a range of new opportunities – as well as customer expectations Read more…
There’s no better time than the present to plan for the future. That’s the approach taken by European fintech Bitpanda, which announced earlier this week that it was investing €10 million ($12 million) to launch a technology and innovation hub in Poland. The initiative will be headquartered in Krakow and will employ 300 engineering professionals Read more…
Puerto Rico is poised to become the global model for how to roll out cutting-edge tools that enable blockchain, AI, and the Internet of Things (IoT)…all designed to transform nearly every sector, notably financial services.
If you’re unfamiliar with blockchain-based payments company Sila, it’s worth checking out. The Oregon-based company has an API that offers what it calls Infrastructure-as-a-Service. Overall, Sila helps companies authenticate consumers via a partnership with Alloy, connect with consumer bank accounts via a partnership with Plaid, and move money via the blockchain. So why is 2021 the breakout Read more…
One of the more interesting questions during a recent FinovateWest Digital panel on challenger banks asked: how important are partnerships to these digital newcomers? This week, one answer to that question came in the form of an announcement from Australia’s self-described “smartbank” – 86 400 – that it was teaming up with one of the Read more…
The biggest news in global fintech this week was word that the much-anticipated Ant Group IPO, an initial public offering expected to raise $34.5 billion, had been suspended on both the Shanghai and Hong Kong stock exchanges. Why? According to reports from the Wall Street Journal, Chinese President Xi Jinping himself ordered a halt to Read more…
Italy’s Nexi to Acquire Rival SIA in $5.4 Billion Deal Italy has a new payments behemoth on the block courtesy of a big acquisition in its financial services industry. Nexi, the country’s biggest payments processor with more than $1.16 billion (€984 million) in revenue in 2019, has agreed to acquire banking and fintech solution provider Read more…
Crypterium Launches Virtual Card Earlier this month at FinovateFall Digital, it was heartening to hear a number of fintech founders and CEOs highlight the blockchain and cryptocurrencies among the technologies they are most excited about in 2021. While a number of other enabling technologies such as AI and machine learning are in the spotlight right Read more…
Payments network Ripple announced a move today that will make its climate change activist users happy. The company has pledged to be carbon net-zero by 2030 and to decarbonize public blockchains. “The blockchain and digital asset industry will play a critical role in building a sustainable future for global finance,” the company said in a Read more…
While many fintechs were working on digital transformation, Linqto was focused on complete transformation. That’s because the San Francisco-based company recently made a major pivot. Linqto was founded in 2010 as a digital banking technology company that provided software-as-a-service to fintechs. Perhaps most notable during the company’s first few years of operation was the launch Read more…
Below is a guest post from Shubhradeep Nandi, co-founder and CEO of PiChain. The current pandemic has brought the whole world to a standstill and created grave economic issues. The finance and banking sectors have slowly started to experience the tremors, too. With almost all sectors struggling to keep up in these economic conditions, all Read more…