Fintech News

OCTOBER 28, 2024

Finfra reported that it has facilitated over US$65 million in credit for underserved Indonesian businesses since its establishment in 2022. This collaboration, supported by our investors, puts us on the path to profitability and strengthens our mission to drive financial inclusion and expand sustainable financing options in Indonesia.”

Financial Inclusion 94

Financial Inclusion Underserved Facilitators FinTech 94

The Fintech Times

OCTOBER 3, 2024

To make sure more people have access to these services, the government of Papua New Guinea has been putting a focus on financial inclusion. It was established to act as the industry’s apex organisation for coordinating, advocating and monitoring all financial inclusion activities in the country.

Financial Inclusion 52

Financial Inclusion Financial Literacy Governance Government 52

Fintech News

DECEMBER 11, 2024

Since Singapore launched its first digital bank in 2022, five digital banksGXS Bank, MariBank, ANEXT Bank, Green Link Digital Bank, and Trust Bankhave entered the market, challenging traditional banking models and reintroducing fintech innovation to Singapore’s financial landscape.

Underserved 101

Underserved Regulatory Compliance Innovation Financial Inclusion 101

Fintech News

FEBRUARY 26, 2024

billion in 2022, plus a further plunge to US$39 billion in 2023, as per CB Insights — has seen fintechs in certain regions noting the poor funding outlook as a hindrance to better growth. The commitment to financial inclusion remains a cornerstone of the fintech value proposition. billion in 2021 to US$77.5

FinTech 120

FinTech Consumer Financial Inclusion On-Demand 120

Fintech News

MAY 5, 2024

By setting up shop right in the bustling heart of the country’s financial district, Oradian is not just physically closer to clients — the Filipino fintech is better positioned to be effective within the very fabric of everyday Filipino financial life. from 56% in 2021.

Financial Inclusion 85

Financial Inclusion Underserved Regulatory Compliance Disaster Recovery 85

Clearly Payments

OCTOBER 7, 2024

In the United States alone, the number of mobile wallet users grew from 64 million in 2019 to over 100 million by 2022. billion in 2022, up from $7.5 Serving the Needs of the Underbanked The pandemic exposed significant gaps in financial inclusion, particularly for underbanked populations. billion in 2019.

Cross-Border 90

Cross-Border Processors Multi-Currency Contactless Payments 90

The Fintech Times

APRIL 12, 2024

Remittances remain a key economic driver in Sub-Saharan Africa with a reported $53billion flowing into the region in 2022. billion worth of foreign currency inflows in 2022. In Kenya, the Central Bank of Kenya reported $5.77 ” This collaboration also ensures full value for recipients as there are no landing fees.

Cross-Border 69

Cross-Border Visa Transactions Financial Inclusion 69

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period.

FinTech 100

FinTech Payment APIs and Integration Online and Mobile Banking Security 100

The Fintech Times

JANUARY 10, 2024

The deal will bolster access to modern banking services for millions of underserved and underbanked Filipinos in key regions. Accelerating inclusive growth The transaction also supports the Rural Bank Strengthening Program launched by the BSP in 2022 to enhance the country’s rural banking sector.

Financial Inclusion 59

Financial Inclusion Underserved Transactions Product 59

Fintech News

SEPTEMBER 10, 2024

It integrates with Capital A’s financial services, such as BigPay, and leverages a strong loyalty program called AirAsia rewards to offer a comprehensive digital ecosystem. Digital inclusion may also help MSMEs achieve sustainability. billion grams of carbon emissions.

Cross-Border Payments 93

Cross-Border Payments Cross-Border APACS Interoperability 93

Fintech Finance

APRIL 12, 2024

Remittances are a key economic driver in Sub-Saharan Africa with a reported $53 billion flowing into the region in 2022. billion worth of foreign currency inflows in 2022. In Kenya, the Central Bank of Kenya reported $5.77 This collaboration also ensures full value for recipients as there are no landing fees. .”

Cross-Border 52

Cross-Border Visa Financial Inclusion Central Bank 52

The Fintech Times

SEPTEMBER 24, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. A key factor in Argentina’s digital wallet growth is financial inclusion.

Financial Inclusion 64

Financial Inclusion Processors Innovation Cross-Border 64

Fintech News

JANUARY 18, 2024

Trust Bank: Rapid customer acquisition and unique products Trust Bank , backed by Standard Chartered Bank and FairPrice Group, launched in Singapore in 2022. It is also the first virtual bank in Hong Kong to receive a Type 1 license from the Securities and Futures Commission for dealing in securities in January 2022.

APACS 94

APACS Finance Cross-Border Ubiquitous 94

Fintech News

OCTOBER 28, 2024

These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery. RCBC also launched RCBC Barangayan (village/community) Banking, blending human touch with digital finance to reach underserved communities.

AI 76

AI FinTech Innovation Payment APIs and Integration 76

The Fintech Times

MAY 7, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Peruvian financial habits are vastly changing from what they have traditionally been.

Digital Payments 64

Digital Payments Online and Mobile Banking Financial Inclusion Payments 64

PYMNTS

SEPTEMBER 15, 2017

With countries in the Indian subcontinent and the rest of Southeast Asia, including Bangladesh, India, Pakistan and the Philippines, refocusing their efforts to improve financial inclusion, there has been solid growth in the availability of cash via ATMs in remote areas over the last three years. million to 1.72 The country of 1.38

ATM 48

ATM Financial Inclusion Underserved Digital Payments 48

The Fintech Times

NOVEMBER 6, 2024

The overall transaction, an accumulative commitment of over $100million, also includes the two annual credit facilities extended to Funding Societies, reaffirms HSBC ’s continued support for MSMEs through the platform since 2022.

APACS 52

APACS Micro-Entry Economy Financial Inclusion 52

Fintech News

DECEMBER 17, 2023

Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics. The startup’s last round was a US$200 million investment from Japanese megabank Mitsubishi UFJ Financial Group announced in December 2022. billion to US$15 billion.

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

FICO

MAY 19, 2023

At Prosper, financial inclusion is at the heart of our business and by utilizing FICO’s reliable and predictive scores as an input to our models, we are able to identify and offer access to affordable financial solutions to improve consumers’ financial health as they move across the credit spectrum.”

Financial Inclusion 52

Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

The Fintech Times

FEBRUARY 19, 2024

Beijing has also conducted a nationwide pilot scheme for e-yuan, also known as e-CNY , a digital currency, with more than 261 million people downloading the wallet in 2022. Financial inclusion and accessibility The move towards a cashless society also promises to foster financial inclusion.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

The Fintech Times

OCTOBER 2, 2024

Recent times have been challenging for many, including the ultra-wealthy, who collectively saw a decline of $10trillion, or 10 per cent, in their net worth in 2022 due to global economic uncertainties such as the energy crisis and the Ukraine War. See the chart below for the top ten richest individuals for reference.

Financial Literacy 64

Financial Literacy FinTech Financial Inclusion Underserved 64

Clearly Payments

APRIL 9, 2024

New products and services are being developed to compete in a market where customer expectations are constantly evolving, leading to a more dynamic financial landscape with quicker adoption of new technologies. This can lead to greater financial inclusion, with a wider range of people gaining access to essential financial services.

Finance 86

Finance FinTech Online and Mobile Banking Payment APIs and Integration 86

FICO

JULY 18, 2022

FICO has been a pioneer in the use of machine learning (ML) in the financial services industry for over 25 years. Mon, 07/18/2022 - 18:40. Financial Inclusion Using Analytics. Tue, 07/02/2019 - 02:45. by Can Arkali. expand_less Back To Top. ML does not create new data. Can Arkali. See all Posts. chevron_left Blog Home.

AI 52

AI Financial Inclusion Fraud Detection CFPB 52

Fintech News

DECEMBER 13, 2024

This trend highlights efforts to enhance monetary sovereignty, boost financial inclusion, and modernise payment systems in an increasingly digital world. Similarly, the Philippine central bank has launched a peso stablecoin pilot to explore its potential for financial inclusion and cross-border remittances.

Stablecoins 70

Stablecoins Cross-Border Cross-Border Payments Caps 70

Fintech News

MARCH 6, 2024

The startup targets underserved markets in the insurance space, such as the poor, students and startups. Thanks to her role at bolttech, she was recognised as one of Insurance Business Asia’s “Elite Women” in 2022. PolicyStreet also serves millennials and the rising middle class.

APACS 98

APACS FinTech Online and Mobile Banking Multi-Currency 98

Finovate

MAY 16, 2024

.” The news comes shortly after Experian launched Cashflow Attributes , a tool also powered by open banking and consumer-permissioned data, that aims to offer lenders more data about underserved consumers. Connecticut-based VantageScore was founded in 2006 as an independently managed joint venture of the U.S.’

Underwriting 52

Underwriting Adjustments Financial Inclusion Underserved 52

Fintech Finance

MARCH 22, 2024

Remittances play a key role in strengthening financial inclusion in the region, boosting economies, and alleviating poverty –often serving as an essential source of income for people in low- and middle-income communities. A financial exclusion gap also still exists affecting underserved or unbanked communities.

Visa 52

Visa Cross-Border Cross-Border Payments Financial Inclusion 52

The Fintech Times

JULY 2, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. The future of fintech across LatAm holds a lot of potential.

FinTech 59

FinTech Cross-Border Underserved Legal Framework 59

Fintech News

MARCH 26, 2024

These included bringing in revenue no less than US$100,000 in 2019 (or the currency value equivalent as of 2019); earning revenues of no less than US$1 million in 2022 (or the currency value equivalent as of 2022); revenue growth from 2019 to 2022 also needs to be predominantly organic (i.e., “internally” generated).

FinTech 77

FinTech APACS Payment APIs and Integration Multi-Currency 77

Fintech News

JULY 23, 2024

By the end of 2022, Akseleran had disbursed almost IDR 6.6 The company utilizes data analytics and machine learning (ML) algorithms to conduct comprehensive credit assessments of SMEs, considering financial metrics, transactional dynamics, performance monitoring, and industry risks. billion by late 2022. billion (US$4.4

FinTech 105

FinTech Online and Mobile Banking Multi-Currency Non-Bank 105

FICO

MAY 23, 2022

Círculo de Crédito , the fastest-growing credit bureau in Mexico, has used unique credit risk scores from FICO to boost financial inclusion in Mexico and help an additional 20 million citizens access credit. For its achievements, Círculo de Crédito won a 2022 FICO® Decisions Award for Decision Management Innovation.

Financial Inclusion 52

Financial Inclusion Embedded Finance Risk Assessment Assessments 52

Fintech News

NOVEMBER 4, 2024

This latest agreement brings HSBC’s total commitment to Funding Societies to over US$100 million since their partnership began in 2022. This investment will help Funding Societies expand its reach and provide greater access to credit for underserved small businesses across the region.

Underserved 88

Underserved Financial Inclusion Small Business Blocks 88

Fintech News

DECEMBER 18, 2024

Building a Legacy of Financial Inclusion From the outset, Tyme Groups journey began with a bold mission. It mainly revolves around democratising access to finance and giving people agency over their financial lives. When we launched TymeBank in South Africa, it was very much focused on the mass market.

Financial Inclusion 82

Financial Inclusion Underserved Innovation Best Practices 82