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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…
Etsy Payments has a brand new partner. The company, the bespoke seller offering from global online marketplace Etsy, has announced a collaboration with payments platform Payoneer. The partnership will help Etsy streamline payments to sellers. It will also give entrepreneurs in emerging markets better opportunities to grow their businesses. This includes the ability to offer Read more…
Philippines-based digital bank Tonik has entered the insurance business. The neobank announced a new strategic partnership this week with life insurance company Sun Life Grepa Financial, Inc. (Sun Life Grepa). The partnership will enable Tonik to offer its customers Payhinga, a credit life and disability insurance product. Payhinga gives policyholders access to life and disability Read more…
London-based fintech and digital wallet HyperJar announced a partnership with digital gift card network, Tillo. The announcement makes HyperJar the first spending app to integrate instant Cashback Gift Cards. The cards enable customers to earn instant cashback of up to 15% from more than 50 top brands including Ikea and Amazon. In a statement, HyperJar’s Read more…
Identity verification and compliance solutions provider Jumio has expanded its strategic partnership with data services provider NextWealth. The move comes as the risk assessment company seeks to add to its ability to combat increasingly sophisticated fraud and financial crime challenges. Via the enhanced relationship, NextWealth will provide identity verification services for Jumio. This will include Read more…
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…
Of all the takes I’ve heard about open banking over the past week, here is a great one I did not hear courtesy of The Finanser’s Chris Skinner: open banking is bad branding. The core issue is that banking and finance is being ripped open by technologies to ensure better service, data enrichment, machine learning, Read more…
Carmel, Indiana-based Baker Hill announced a new partnership with Oakworth Capital Bank this week. The partnership is the first new alliance from the mortgagetech since private equity firm Flexpoint Ford acquired the company in June. Oakworth Capital Bank will deploy Baker Hill NextGen, a unified solution for loan origination and portfolio monitoring for both commercial Read more…
FinovateFall is right around the corner (September 11 through September 13). If you still haven’t registered for our annual autumn fintech conference in New York this month, there’s no better time than the present. Visit our FinovateFall 2023 hub today and save your spot. This week’s edition of Finovate Global highlights companies headquartered outside of Read more…
Mobile payments app PhonePe announced today that its subsidiary, PhonePe Wealth Broking, has launched a stock broking app called Share.Market. The new tool, which is available as a mobile app or web platform, enables retail investors and traders to purchase stocks, mutual funds, and ETFs. Share.Market will also offer WealthBaskets– curated collections of stocks/investment products 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…
When we think of fintech in Asia, China often comes quickly to mind, as do Singapore, Hong Kong, and a few other places. But Japan? Not so much. Why is this so? One of the more interesting reads on the topic of fintech in Japan that I’ve come across is a Deloitte study Japanese Fintech Read more…