Fintech Finance

FEBRUARY 28, 2024

We are confident that the extension of our partnership with Kuvasz Solutions will support the rapid adoption of the new scheme by banks, fintechs and merchants in Colombia,” commented Leonardo Escobar, head of Latin America, ACI Worldwide. “It

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Real Time Payments Financial Inclusion Central Bank Payments 81

The Fintech Times

DECEMBER 21, 2023

Throughout 2023, a variety of different themes emerged from the Middle East and Africa (MEA) region. Specifically within the MEA region, VC funding declined by 13 per cent in 2023. Looking specifically at open banking, 2024 will see more news on this front. In light of this, what can we expect from fintech in MEA in 2024?

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FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

Fintech News

AUGUST 12, 2024

Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector. Holistic inclusion goes beyond financial inclusion, focusing on participation from women, persons with disabilities, and providing opportunities across the rural and urban demographics.

Embedded Finance 91

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Fintech News

DECEMBER 10, 2023

With data gathered from over two million fraud attempts across 224 countries and territories, Sumsub’s Identity Fraud Report 2023 breaks down the changing yet pervasive outlook for identity scams this year. Additionally, the sector’s impressive growth is reflected in the 2023 Singapore Fintech Map, with 700 companies now featured.

FinTech 93

FinTech Cross-Border Deepfake Cross-Border Payments 93

The Fintech Times

SEPTEMBER 3, 2024

Bonifacio Global City, Taguig, Philippines IMAGE SOURCE GETTY Firstly, there have been various national economic development and digital strategies to help boost economic growth, financial inclusion and standards of living. In June 2023, they launched the digital national ID which can be used as valid proof of identification and age.

Accounts 59

Accounts Financial Inclusion FinTech Economy 59

Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

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The Fintech Times

SEPTEMBER 10, 2024

Digital adoption, already high before Covid-19, surged during the country’s strict pandemic policies, alongside a boom in e-commerce and financial inclusion efforts for individuals and SMEs. For instance, Chinese retail web sales surpassed $2.1trillion in 2023, double that of the US. Further collaborations are also underway.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. Europe : The European Central Bank (ECB) is actively working on a digital euro. What Are CBDCs?

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Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024. billion transactions since 2016.

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Payments Trends Digital Currency Cross-Border Payments Instant Payments 99

Fintech News

APRIL 16, 2024

The event is poised to provide a comprehensive platform for professionals across the Asia-Pacific (APAC) region to explore the latest advancements in fintech across a wide range of sectors, including payments, banking, regtech, insurtech, lending, and more. The successful applicants are expected to be announced by the first half of 2025.

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Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 81

Embedded Finance APACS Financial Inclusion CBDC 81

Fintech Finance

FEBRUARY 6, 2024

” Nepal’s transition from a cash-based economy to a burgeoning digital payment ecosystem has been a remarkable journey with positive impact on financial inclusion and economic development. Of these, 81% utilize banking services, and 9% opt for other formal financial services. billion people.

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Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 72

Embedded Finance APACS Financial Inclusion CBDC 72

The Fintech Times

FEBRUARY 19, 2024

They can easily capitalise on personalisation, financial inclusion , and frictionless finance through their data-driven approach to customers and providing customised payment solutions to all, even those who are unbanked and financially excluded. Fintechs are natural trailblazers in the cashless revolution.

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Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

Clearly Payments

MARCH 18, 2024

Overall, 84% of adults in North America had a credit card in 2023. billion in 2023, representing an annual growth rate of 2.79% from 1.1 According to the Federal Reserve, credit card debt in the US soared to $905 billion in the fourth quarter of 2023, surpassing pre-pandemic levels. billion in 2018. billion transactions.

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Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

Fintech Finance

DECEMBER 8, 2023

of all electronic payments worldwide, a substantial increase from the 18% observed in 2022, per ACI Worldwide’s report It’s Prime Time for Real-Time 2023. “They become a bridge for digital and financial inclusion, bringing everyone into the digital economy.

Digital Payments 52

Digital Payments Instant Payments Cross-Border Payments Cross-Border 52

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

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Fintech News

JUNE 19, 2024

Stablecoins have been rising in conversation within the financial ecosystem of Singapore. Stablecoins can be backed by fiat currencies, commodities, or even other cryptocurrencies, and offer a range of benefits, including faster and cheaper cross-border transactions, increased financial inclusion, and the potential for programmable money.

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Stablecoins Cross-Border Cross-Border Payments Blockchain 86

Fintech News

MAY 19, 2024

An evolving regulatory landscape The surge in data monetization within the banking sector coincides with governments worldwide implementing new data sharing rules and establishing open banking standards to promote innovation, enhance competition and drive financial inclusion.

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Rules Non-Bank Audit Central Bank 72

The Fintech Times

APRIL 9, 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. There are so many parts of society that are excluded from the traditional banking market.

API 59

API Finance Financial Inclusion Use Case 59

The Fintech Times

JUNE 13, 2024

In Saudi Arabia, the implementation of the Sarie system by the Saudi Central Bank in collaboration with Mastercard and IBM in 2021, is a trailblazing leap toward modernising the payment infrastructure. This move aligns with Vision 2030 , aiming to diversify the economy and reduce cash dependence, boosting efficiency and inclusion.

Instant Payments 59

Instant Payments Payment APIs and Integration ISO 20022 PCI DSS 59

Finovate

JULY 19, 2024

The company includes two of the top three banks in the world and more than one-third of all banks in Brazil as its customers. This week’s investment arrives as the company reports 2023 revenues of $77 million and 4x growth since 2020. To this end, the company has acquired U.S.-based

Instant Payments 69

Instant Payments AI Acquirers Payments 69

Fintech News

JANUARY 3, 2024

Fintech funding in APAC recorded a significant decline in H1 2023, dropping from US$6.8 AFF 2023 also featured a comprehensive showcase of the latest advancements in fintech, unveiling emerging business strategies while fostering expansive professional networks and saw the active involvement of over 120 exhibitors.

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APACS FinTech Web 3.0 AI 83

The Fintech Times

DECEMBER 15, 2023

We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. Governments will leverage interoperability to streamline state payment systems, possibly integrating Central Bank Digital Currencies (CBDC’s).

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Cross-Border Cross-Border Payments Interoperability Payments 59

CoinRemitter

JULY 9, 2024

The United States Department of the Treasury has also flagged DeFi’s financial crime risks in a 2023 report and sanctioned Tornado Cash for aiding money laundering and sanctions evasion, a decision upheld by courts despite industry protests. Will CBDCs lead to greater financial inclusion or create new systemic risks?

Stablecoins 40

Stablecoins Financial Crimes Cryptocurrency Money Laundering 40

Fintech News

DECEMBER 19, 2023

AFF 2023 also featured a comprehensive showcase of the latest advancements in fintech, unveiling emerging business strategies while fostering expansive professional networks and saw the active involvement of over 120 exhibitors.

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FinTech Web 3.0 AI Participant 115

PYMNTS

NOVEMBER 22, 2018

If this happens, [India’s] financial inclusion program would be severely impacted, as millions of beneficiaries under the government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who withdraw subsidies in the form of cash through ATMs, may find their neighborhood ATM shut,” said CATMi, which warned that there will be long lines to get cash out.

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ATM Digital Payments Financial Inclusion Payments 75

Fintech News

SEPTEMBER 9, 2024

One might also argue that it is the foundational layer that enabled digital banking to flourish in Singapore allowing for its citizens to seamlessly their bank accounts digitally. Notably, digital IDs are used by banks for eKYC and authorising transactions.

Deepfake 91

Deepfake PCI DSS Verification Financial Inclusion 91

The Fintech Times

MAY 1, 2024

billion real-time payments transactions recorded in 2023. It also identifies how lawmakers and central banks are pushing for adoption, determined to reap the economic benefits of real-time payments and drive financial inclusion for their citizens. In 2023, there were 129.3 Meanwhile, in Brazil, 37.4

Real Time Payments 59

Real Time Payments APACS Cross-Border Cross-Border Payments 59

The Fintech Times

FEBRUARY 27, 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. What are some investment trends we’re seeing in Brazil and Mexico?

FinTech 59

FinTech Cross-Border Real Time Payments Returns 59

Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The FedNow Service will begin operating in July 2023 and it is the first U.S. Accessibility FedNow aims to be available to everyone.

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FedNow Federal Reserve Liquidity Management Instant Payments 52

The Fintech Times

JUNE 18, 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. This success is now drawing attention in Latin America and further afield.

Payments 64

Payments Financial Inclusion Online and Mobile Banking Central Bank 64

Fintech News

MARCH 6, 2024

In an effort to mitigate these customer pain points and to cater to the evolving needs and growing digital inclination of customers, there has been a marked rise in the number of digital first banks appearing in the major markets in Asia, with over 40 having launched to date. However, not all digital banks in Asia are created equal.

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Online and Mobile Banking Debit Card Non-Bank Push-to-Card 130

The Fintech Times

JULY 16, 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. Our goal is to build an open and interconnected financial market.

Financial Inclusion 52

Financial Inclusion Consumer Assessments Interoperability 52

Fintech News

JULY 23, 2024

Of the 13 Southeast Asian companies that made it into this year’s list, six are returning honorees from 2023. These companies are CapBay, Airwallex, Aspire, GoTo Group, Grab Financial Group and StashAway. The remaining seven are newcomers: Akseleran, Crypto.com, ANEXT Bank, Atome Financial, DBS Bank, Opn and YouTrip.

FinTech 105

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

Fintech Finance

MAY 23, 2024

Temenos (SIX: TEMN) today announced that ZainCash , a subsidiary of March Holding and a leading payment service provider in Iraq, has gone live with Temenos core banking and payments to power the rapid growth and innovation of its digital payment services.

Digital Payments 52

Digital Payments FinTech Financial Inclusion Payment APIs and Integration 52

The Fintech Times

SEPTEMBER 10, 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. In fact, 36 billion transactions were processed by Pix in Brazil in 2023.

Payments Trends 59

Payments Trends Cross-Border Cross-Border Payments Payments 59