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In this week’s edition of Finovate Global, we feature Uri Rivner, co-founder and CEO of Refine Intelligence. The Tel Aviv, Israel-based company, founded in 2022, made its Finovate debut earlier this year at FinovateEurope. At the conference, Refine Intelligence demoed its technology, Life Story Analytics, that leverages AI to help banks better defend themselves against Read more…
This week’s edition of Finovate Global takes a look at the wave of funding that fintechs in France have received in recent weeks. The $108 million secured by hardware crypto wallet maker Ledger appropriately leads the pack. But there have been a handful of investments in a variety of French fintechs that are also noteworthy. Read more…
Kredivo Holdings has raised $270 million in Series D funding. The round was led by Japan’s Mizuho Bank. Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures also participated. Kredivo will use the funding to enhance its status as a digital financial service provider, particularly via online lending, credit cards, Read more…
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…
Ireland’s Central Bank to Staff: No ChatGPT for You! While organizations, institutions, and businesses of all kinds are scrambling to figure out how to best make use of generative AI technologies like ChatGPT, the Central Bank of Ireland already has staked out a position – at least for its employees. Ireland’s The Business Post reported Read more…
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…
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…
In this week’s edition of Finovate Global, we take a look at a handful of developments in Estonia’s fintech industry. With a population of more than 1.3 million, Estonia has the Baltic Sea to the west, the Gulf of Finland to its north, Latvia on its southern border, and the Russian Federation on its eastern Read more…
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…
Earnix, an Israel-based company that provides insurers and banks with real-time, dynamic pricing and rating solutions, introduced a new Chief Executive Officer this week. Robin Gilthorpe will take over the top spot at the firm effective February 1st, replacing outgoing CEO Udi Ziv, who served as Earnix’s CEO for six years. “Today’s end-customer demands unparalleled Read more…
Denmark-based Subaio announced this week that it was teaming up with fellow Danish fintech – and fellow Finovate alum – Aiia. Subaio will leverage its partnership with Aiia to better assess creditworthiness for its new white label offering. The collaboration will streamline creditworthiness assessment through a combination of Aiia’s access to financial data and Subaio’s Read more…
China’s recent emergence from severe COVID lockdowns has caught the attention of investors, who sent shares of Chinese companies soaring in the final months of 2022. The momentum has continued into 2023 with many observers and analysts suggesting that, while China’s COVID-related woes may not be over, the country and its $17+ trillion economy may Read more…