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CMA confirms full completion of Open Banking Roadmap, unlocking a new era of financial innovation 

Open Banking

The delivery of VRP for sweeping functionality opens significant opportunities for fintechs to collaborate with these banking providers, introducing new and innovative financial services to their customers. By leveraging sweeping functionality, third-party providers (TPPs) can help drive the next wave of financial innovation.

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Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Fintech News

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. million people in the productive age group. The total number of QRIS users stood at 43.44 million, BI also reported. million, with 207.99

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Thought Machine Taps Debt Resolution Innovator Flexys

Finovate

It features a Universal Product Engine that gives users a great deal of flexibility in the design of new financial products created by smart contracts. These range from savings accounts and credit cards to Islamic banking solutions and buy now pay later (BNPL) products. ” Bristol-based Flexys was founded in 2016.

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ACI Worldwide Teams Up with Red Hat

Finovate

Founded in 1975, ACI Worldwide has been a Finovate alum since its debut at our developers conference, FinDEVr Silicon Valley 2016. “We are excited to extend our collaboration by joining the Red Hat partner ecosystem,” ACI Worldwide head of product management Scotty Perkins said.

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Payments 2016: The Year Of The ‘Ecosystem,’ Redefined

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Florin Arghirescu, SVP of business relationships and innovation at Synchrony Financial ….

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Fave Singapore Gets In-Principle Approval for Payments License

Fintech News

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. The company plans to continue rolling out innovative commerce products in partnership with Pine Labs.

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Examining Thailand’s Fintech Landscape

The Fintech Times

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. Supporting startups Thailand is also investing significant resources into its wider startup ecosystem.

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