Fintech News

MAY 13, 2024

Wong’s tenure with MAS includes his time as Deputy Chairman from 1 June 2021 to 7 July 2023 and as a Board member from 10 June 2011 to 29 August 2016. Wong has held the Chairman position since 8 July 2023 and will step down from his roles as Chairman and Board member on 15 May 2024.

Authorization 117

Authorization Finance FinTech Posting 117

Finezza

SEPTEMBER 24, 2024

The launch of UPI in 2016 has transformed the financial landscape in India. However, there remained a gap in how the credit was accessed. India’s credit access and repayment system is a lengthy and cumbersome process that feels like a trap more than a solution.

Process 96

Process Posting Origination FinTech 96

Fintech News

JUNE 4, 2024

Founded in 2016, HitPay offers a no-code, full-stack commerce infrastructure and is backed by investors including Tiger Global, Global Founders Capital, HOF Capital, and Y Combinator. The post HitPay Secures Payment License from MAS appeared first on Fintech Singapore.

SDN 107

SDN Security Cross-Border Payments 107

PYMNTS

SEPTEMBER 21, 2020

The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. According to PYMNTS’ exclusive Whole Paycheck tracker , in 2016, Amazon brought in $20.5 billion in clothing and apparel sales, but more than doubled that amount to $48.3 billion in 2019.

Product 105

Product Consumer 105

PYMNTS

AUGUST 13, 2020

But in June of 2016, Google went ahead and merged this data anyway, effectively destroying anonymity on the internet.”. “Google’s chief legal advisor testified before the Senate Antitrust Subcommittee that Google wouldn’t be able to merge this data even if it wanted to, given contractual restrictions,” Demmings said.

Contactless Payments 138

Contactless Payments Federal Trade Commission FTC Payments 138

Fintech News

FEBRUARY 20, 2024

His experience includes roles as the inaugural CFO of Gainsight, a customer success platform, and a tenure at Marketo, contributing through its IPO and subsequent acquisition by Vista Equity Partners in 2016. Prior to joining Jumio , Beckerman was the CFO at Newsela, following senior positions at Precise Software Solutions and Symantec.

Fraud Prevention 105

Fraud Prevention Verification AI Automation 105

Fintech News

MAY 5, 2024

Crypto.com announced it has surpassed 100 million global users since its establishment in 2016. Its user base has doubled since the first Formula 1 Crypto.com Miami Grand Prix in May 2022.

Participant 113

Participant Compliance Regulations FinTech 113

Fintech News

FEBRUARY 20, 2024

Previously, Yong was the Group Chief Information Security Officer at Certis CISCO from 2016 to 2019, where he was instrumental in advancing their cybersecurity initiatives.

Cybersecurity 112

Cybersecurity Security Authorization Digital Payments 112

Fintech News

APRIL 22, 2024

Bambu, launched in 2016 by Phillips alongside co-founders Luke Janssen and Aki Ranin, had secured at least US$13.4 . “We couldn’t get there in the timeline,” Phillips stated, highlighting the firm’s struggles amidst a challenging macroeconomic environment and rising interest rates.

Shutdown 112

Shutdown Advisors Mitigation Consulting 112

Fintech News

FEBRUARY 20, 2024

Established in 2016, Advance Intelligence Group has developed a suite of AI-powered, credit-enabled products and services. Despite his transition to GoTo, Chen will maintain his position as Co-founder of the Advance Intelligence Group , the parent company of Atome, as well as Chairman at Atome Financial.

Consumer 112

Consumer BNPL Embedded Finance B2B 112

Bank Automation

DECEMBER 15, 2023

Envestnet bought Yodlee in 2016 […] A potential sale, first reported on Dec. 13 by Bloomberg News, could generate between $300 million and $400 million for Envestnet, according to a JPMorgan report published Dec.

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Fintech News

OCTOBER 6, 2024

Wong joined Adyen in 2016 in a technical role before transitioning to sales in 2017. In his new role, Wong will manage the company’s commercial operations across the region, focusing on growth strategies and strengthening partnerships in key markets, including Singapore, Malaysia, and Hong Kong.

Addressing 109

Addressing Global Payments Payment Solutions FinTech 109

Fintech News

FEBRUARY 26, 2024

In 2023, JULO saw a 73% rise in its revenue and disbursed over US$454 million in loans, totaling approximately US$1 billion in disbursements since its inception in 2016. The company has a retention rate of over 70% per cohort, contributing to reduced loan acquisition costs and increased efficiency.

Underwriting 105

Underwriting Risk Management Credit Cards Volume 105

Fintech News

JULY 14, 2024

This is a key step in bolstering our service offering while leveraging on each other’s strengths to offer our clients the best service when it comes to cross-border payments.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Treasury Management Treasury 122

Fintech News

JUNE 9, 2024

Since its launch in 2016, JULO has disbursed over US$1 billion in total, with nearly half of that amount disbursed in 2023 alone—a 50% increase from the previous year. Indonesian fintech company JULO reported that it is on track to disburse over US$650 million in loans by the end of 2024, while also setting its sights on becoming a neobank.

Financial Inclusion 116

Financial Inclusion Underserved Non-Bank Returns 116

Fintech News

NOVEMBER 27, 2024

The formation of DBS Securities Japan in 2016 further expanded its in-country offerings to include securities services. JFC will issue standby letters of credit, helping SMEs secure long-term funding in local currencies through DBS, facilitating smoother financial access for subsidiaries in these markets.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Finance Legal 115

Fintech News

APRIL 23, 2024

EzyProcure, launched in 2016, is a cloud-based platform that automates ordering, invoice reconciliation, and payment processes for businesses, particularly in the food and beverage industry. This move is expected to enhance the financial agility of SMEs by enabling them to manage their procurement and payments more effectively.

BNPL 112

BNPL Embedded Finance Best Practices Reconciliation 112

Fintech News

OCTOBER 2, 2024

Since 2016, over 200 Singaporeans have benefitted from iPOST, and the new track aims to further support leadership development through international exposure. In exchange, MAS will provide more flexibility regarding posting duration and extend funding support from 2 years to 3 years.

Authorization 111

Authorization Posting Returns FinTech 111

Fintech News

MARCH 6, 2024

Since acquiring its inaugural license in Luxembourg in 2016, Bitstamp has expanded its regulatory compliance across major markets, including the UK, Luxembourg, the Netherlands, Italy, Spain, France, and the United States, covering 40 states like New York, Washington, Texas, and Florida.

Security 105

Security APACS Regulatory Compliance Compliance 105

Fintech News

FEBRUARY 25, 2024

Established in 2016, HitPay offers a no-code, full-stack commerce infrastructure designed to empower small businesses. In December last year, HitPay had launched its mass payout services in Singapore, Malaysia, and the Philippines to enable businesses to pay workers, contractors, partners, and suppliers through its platform.

Cross-Border 104

Cross-Border Small Business Payments Payments Institute 104

Finovate

MAY 22, 2024

Go here for a list of previous Best of Show winners through 2014.

AI 64

AI Credit Union FinTech Innovation 64

Fintech News

JULY 9, 2024

Since its inception in 2016, Fave has facilitated over US$1 billion in transactions across Southeast Asia and India, helping consumers save over US$500 million through its loyalty programs. This approval allows Fave to offer account issuance, merchant acquisition, and domestic money transfer services.

Interoperability 94

Interoperability Payments Payments Institute Facilitators 94

Fintech Finance

JUNE 14, 2024

This represents Stripe’s largest set of new products for the French market since launching in the country in 2016. Stripe’s momentum in France is accelerating Since launching in France in 2016, Stripe has supported over 100,000 French businesses looking to accelerate their growth.

AI 98

AI BNPL Credit Cards PayPal 98

PYMNTS

APRIL 14, 2020

The lawsuit seeks triple damages since April 14, 2016. . “Plaintiffs bring this claim for relief on behalf of all Americans who would still [like] to enjoy a nice dinner out with their family before defendants make that impossible,” the complaint said. .

Laws 117

Laws Consumer Process Posting 117

Fintech News

NOVEMBER 5, 2024

Since the sector’s inception in 2016, fintech lending has surpassed US$24.19 Italy’s fintech industry has seen significant expansion, with lending to small and medium enterprises and supply chain finance reaching nearly US$3.89 billion in the first half of 2023 alone. billion in 2024.

FinTech 106

FinTech Cybersecurity Innovation Facilitators 106

Finovate

FEBRUARY 5, 2024

Headquartered in Philadelphia Pennsylvania, and founded in 2016, Privakey made its Finovate debut at FinovateFall 2017 in New York. Privakey is currently inviting companies interested in its technology to participate in its Privakey SSO Free Beta Test. The beta testing period runs from January 30, 2024 to May 31, 2024.

Authentication 105

Authentication Authorization Gateways On-Demand 105

Finovate

DECEMBER 2, 2024

” Founded in 2016, Harmoney made its Finovate debut at FinovateEurope 2022 in London. . “By integrating all regulatory processes onto a single platform, we’re able to merge advanced technology with expert support from two expert teams that share the same values and dedication to compliance.”

Compliance 105

Compliance Acquirers Money Laundering AML 105

Finextra

NOVEMBER 12, 2024

million for financial crime failings after a new transaction monitoring system implemented in 2016 went on the blink. The UK's Financial Conduct Authority has fined Metro Bank £16.7

Financial Crimes 59

Financial Crimes Crime Authorization Transactions 59

PYMNTS

JUNE 26, 2020

Sources told the Times that between 2016 and 2018 EY did not check with Singapore’s Oversea-Chinese Banking Corp. Markus Braun, the 50-year-old Wirecard founder and CEO, was arrested this week on charges of manipulating the market and misrepresenting accounts. He posted bail and has denied any wrongdoing.

Accounts 116

Accounts Audit Procedures Processors 116

PYMNTS

DECEMBER 21, 2020

Annual revenues have grown from $97 million in 2016 to an anticipated $1.25 The transaction is expected to close in the first half of 2021. . Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms. billion in 2020.

Federal Trade Commission 105

Federal Trade Commission Acquirers FTC Adjustments 105

Fintech News

JULY 15, 2024

Since its launch in November 2016 as a joint venture between Yoma Bank and Telenor Group, Wave Money has significantly expanded its services and network, covering approximately 89% of Myanmar by November 2020. Ongo Ongo, a brand owned by Ronoc Myanmar, is an app-based mobile money service catering to businesses and consumers in Myanmar.

FinTech 115

FinTech Online and Mobile Banking Financial Inclusion Payroll 115

Open Banking

SEPTEMBER 9, 2024

The CMA’s investigation into the retail banking market (whose findings were published in August 2016) concluded that older and larger banks do not compete hard enough for customers’ business and that open banking should deliver a new, secure option for customers to be able to compare the deal they are getting from their bank.

Innovation 121

Innovation Message Standards API Enrollments 121

Fintech News

JANUARY 7, 2024

Indonesia’s burgeoning fintech sector Indonesia’s fintech sector has grown tremendously over the past years.

Financial Inclusion 120

Financial Inclusion Innovation Payments NOV 120

Fintech News

JULY 21, 2024

This marks an expansion from the AFSL that Airwallex has held since 2016 for its payments and foreign exchange business. The new license allows Airwallex to extend its Airwallex Yield service to retail clients, lowering the minimum investment threshold to AUD 10,000 (or US$ equivalent).

Multi-Currency 104

Multi-Currency Returns On-Demand Product 104

Open Banking

JULY 23, 2024

OBL was only set up in 2016, with the launch of open banking in January 2018, and it’s been encouraging to see sustained growth in such a short time. “ Competition has been a key driver to growth, and we’ve observed that when one company focuses on open banking technology their direct competitors soon follow.

Small Business 80

Small Business Message Standards Regulations Economy 80

PYMNTS

NOVEMBER 24, 2020

Metromile launched in 2016 and is currently available in eight states, including California, New York, Washington, Pennsylvania and Arizona. The new company seeks to expand into 49 states by the end of 2022, with a premium run-rate of $1 billion by the end of 2024, the company said.

Automation 105

Automation Product Transactions Security 105

Fintech News

MAY 16, 2024

In Malaysia, the Financial Technology Enabler Group was established by Bank Negara Malaysia in 2016 to drive fintech and open banking initiatives in collaboration with stakeholders. Additionally, fintech companies like Curlec and Soft Space are contributing to open banking growth.

Payment APIs and Integration 129

Payment APIs and Integration API Facilitators Interoperability 129