Fintech News

OCTOBER 2, 2024

The investment aims to address the increasing demand for cloud services in Southeast Asia. This expansion follows an agreement with the Thai government in 2023, which outlined plans for digital infrastructure development, responsible AI adoption, and accessible digital skills.

AI 117

AI On-Demand Governance Government 117

PYMNTS

DECEMBER 23, 2020

businesses and individuals to avoid storing data with Chinese companies due to the risk the country's government will demand and receive access to commercially valuable information. government and U.S. economy and businesses at direct risk for exploitation. The federal Department of Homeland Security is urging U.S.

Governance 75

Governance Government Risk Security 75

PYMNTS

MARCH 26, 2020

economy has never seen a clearer picture of the consequences of friction in government procurement practices than it is witnessing right now. COVID-19, the disease caused by the coronavirus , could prove to become a catalyst for digitization in government procurement operations, according to Mark Eigenbauer, president of BidNet.

Governance 58

Governance Government On-Demand Automation 58

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. The numbers speak for themselves. D2C Explodes.

Economy 118

Economy Consumer On-Demand Shutdown 118

Fintech News

MAY 6, 2024

Amazon Web Services (AWS) announced that it is set to invest an additional S$12 billion into Singapore’s cloud infrastructure by 2028 during the 10th AWS ASEAN Summit , aiming to bolster its services amid increasing demand. aligning with the government’s S$1 billion investment in AI.

AI 109

AI On-Demand Economy Governance 109

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. In other markets, workers in the gig and sharing economies — such as ridesharing drivers — are beginning to expect to see their wages paid out instantly.

On-Demand 49

On-Demand Instant Payments Online and Mobile Banking Checks 49

PYMNTS

SEPTEMBER 22, 2016

Regulation makes the sharing a economy a challenge in Japan, but those rules apparently don’t quite apply to a network of freelancing Buddhist priests that is making on-demand gains by bringing enlightenment to the doors for the devout. Definitely. Spiritual guidance? They’re protecting their own interests.”.

On-Demand 70

On-Demand Rules Economy Government 70

PYMNTS

DECEMBER 7, 2020

It's kind of an on-demand working capital solution,” he said. “If In the first few months of the pandemic, Brachfeld said he saw a spike in demand for early payments alongside heightened worries about the economy, as well as an increase in “goodwill” by businesses wanting to help out their suppliers. If you need it, you use it.

On-Demand 73

On-Demand Payments Participant Accounts 73

PYMNTS

OCTOBER 13, 2020

However, he added that new restrictions put in place to stem the virus will likely lead to slowdowns anyway, saying the second wave will "dent" the economy — though it's not yet clear by how much. He said the mass layoffs and the lack of a vaccine would make it difficult for the economy to recover. 13), Reuters reports.

Economy 57

Economy Central Bank On-Demand Government 57

PYMNTS

JUNE 1, 2020

government has passed a series of stimulus bills responding to the COVID-19 crisis, including the $2.2 So how does the outlook for the economy look? The quarterly survey shows growing certainty among CFOs that the pandemic will hurt their companies — while the outlook for the global economy grows more negative. is “declining.”

Economy 52

Economy On-Demand Governance Government 52

PYMNTS

APRIL 2, 2020

Australian challenger bank Judo will now have an extra $500 million to distribute in loans to small businesses amid the coronavirus pandemic, coming directly from the government, The Sydney Morning Herald reported. Hornery said the bank’s demand was high and their deposit book currently sits at $1.4

Governance 66

Governance Government Security Mitigation 66

PYMNTS

NOVEMBER 12, 2018

The World Economic Forum (WEF) revealed that cybersecurity, changing energy prices and the ability for countries to provide proper governance were among the largest threats businesses faced this year. Failure of national governance ranked No. Cyberattacks were viewed as the No. Cyberattacks are seen as the No.

Governance 57

Governance Government Risk Cybersecurity 57

PYMNTS

JANUARY 10, 2019

From tax refunds and government assistance to payments made for home service and housekeeping professionals, faster payout solutions appear to be gaining popularity — all around the world. The solution, which has been used for lenders and gig economy companies, is also seeing interest from payroll providers and insurers. In the U.K.,

On-Demand 62

On-Demand Tax Refunds Push-to-Card P2P 62

PYMNTS

MARCH 6, 2019

As the Associated Press reports , China will stop demands that overseas firms give access to their trade and tech secrets to the government — a handover that up until now has served as a key to enter the much coveted Chinese market. Might one leg of the trade war between China and the United States have fallen away?

On-Demand 55

On-Demand Laws Governance Government 55

Fintech Review

APRIL 24, 2024

Distinct from decentralised cryptocurrencies such as Bitcoin , CBDCs are centralised and backed by government authorities. Unlike cryptocurrencies , which operate independently of a central governing body, they integrate the traditional trust and regulatory rigor of central banks with the innovative advantages of blockchain technology.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

The Fintech Times

AUGUST 6, 2024

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.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

JANUARY 1, 2020

Armed with new tech, mobile devices, data and the cloud, they fast-tracked the shift from a largely analog world to the app-based economy of today. That connected economy will be the result of the full force of the Internet of Things (IoT) in action. Payments will power that shift. Today, there are 7.3 billion people in the world, 5.1

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

PYMNTS

JULY 28, 2020

It’s utterly consumer-centric – which, along with spend management, explains the core appeal of buy now, pay later (BNPL) alternative credit apps in any economy. In a wrecked economy, however, the appeal of BNPL multiplies, as evidenced by the surge of new customers attracted to the various BNPL apps during the lockdowns.

BNPL 52

BNPL Economy On-Demand Consumer 52

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans.

Federal Reserve 56

Federal Reserve Facilitators Economy Fed 56

Fintech News

OCTOBER 21, 2024

The Indonesian government has also played a critical part in fostering digital payments. E-wallets gain momentum in the Philippines amid financial inclusion efforts In the Philippines, e-wallet adoption has surged due to the country’s large unbanked population and ongoing efforts from the government to improve financial access.

Financial Inclusion 79

Financial Inclusion Embedded Finance Payments Push-to-Card 79

Fintech News

JULY 10, 2024

As Southeast Asia’s digital economy continues to grow, so do opportunities for fraudsters. Governments in these countries have responded by tightening regulations in the KYC (know-your-customer) and AML (anti-money laundering) sectors.

Identity Theft 104

Identity Theft APACS Deepfake Money Laundering 104

Fintech News

MARCH 11, 2024

The Jakarta-based company, known for its point-of-sale financing solutions aimed at digitising the nation’s predominant cash economy, has surpassed its initial target of US$25 million due to heightened investor interest. Featured image credit: Edited from Freepik The post AwanTunai Exceeds Series B Target, Raises US$27.5M

On-Demand 111

On-Demand Finance Facilitators Innovation 111

Open Banking Excellence

SEPTEMBER 27, 2024

A key strategy has been fostering dialogue among diverse stakeholders, including government entities, financial institutions, fintech companies, and consumer advocacy groups. With a progressive regulatory environment , and a growing demand for digital financial solutions , now is the perfect time to enter this dynamic market.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

PYMNTS

SEPTEMBER 11, 2019

10) — and in so doing has very possibly changed the course of the gig economy forever. According to Catherine Ruckelshaus, general counsel of the National Employment Law Project drivers in those states should be classified as employees, but via the use of arbitration agreements with workers gig economy firms have made enforcement difficult.

Economy 65

Economy Laws Legal Framework Legal 65

PYMNTS

JANUARY 28, 2021

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. This happens even as governments shut borders.”.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

SEPTEMBER 25, 2019

Platform economies want to make it easy for consumers to join. Stephen Ritter , CTO at Mitek , told Karen Webster in an interview that the sharing economy presents easy targets for fraudsters — and lucrative ones, too. Within certain verticals of the sharing economy, there is mounting pressure to ratchet up security.

Economy 75

Economy Verification Online and Mobile Banking Security 75

Finovate

SEPTEMBER 20, 2024

The doubly-landlocked country (one of only two in the world) has been transitioning toward a market economy for years and has been credited by the Brookings Institution for its high economic growth and low public debt. HSBC has predicted that the country will have one of the fastest-growing economies in the next few decades.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

The Fintech Times

MARCH 23, 2024

From mounting cyber threats to deficient digital infrastructure and persistent skills gaps, the road ahead is rife with complexities demanding innovative solutions and collaborative efforts. “We need to expand our secure data highways from open banking to all other areas of the economy to create true value of data and data sharing.”

Economy 59

Economy Crime Legal Framework Government 59

PYMNTS

JANUARY 16, 2018

As reported by CNBC , the petition has been posted on the South Korean presidential website, stating that if more than 200,000 signatures are gathered within 30 days, government officials will respond to the demands. As has been reported, South Korea has been the location of a bulk of trading in bitcoin and alternative currencies.

Bitcoin 53

Bitcoin Governance Government Digital Currency 53

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Nearly twice as many consumers are putting more stock into what medical science is telling them will lower their risk of contagion than what governments say is safe to do. Healthy Or Hermits? percent from 35.5

Economy 83

Economy Consumer Risk Returns 83

The Fintech Times

APRIL 23, 2024

The digital economy has no doubt picked up pace in the last 10 years, with it now contributing £149billion to the UK economy each year. This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration Governance 59

PYMNTS

JULY 30, 2020

This means firms may have to adjust the historic two-week payment cycle to something that better encapsulates the changing needs of today’s workforce, as well as adopting new methods such as early payment, pay advances or on-demand payment that can allow individuals to access this money at speed. Around The Changing Payroll Landscape.

Payroll 76

Payroll Federal Trade Commission On-Demand FTC 76

Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network. demand deposit accounts.

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

JANUARY 24, 2017

For the first time in two years, China’s economy has accelerated, which the National Bureau of Statistics said was sparked by transport, deliveries and eateries. The growth in the nation’s economy, Bloomberg reported, is a clear indication that it is going through a transition. percent in Q4 from a year earlier. percent in November.

Economy 40

Economy On-Demand Addressing Government 40

Fintech News

JANUARY 7, 2024

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. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 119

Financial Inclusion Innovation Payments NOV 119

CB Insights

OCTOBER 17, 2017

Startups like Misspao , LePao , Douba , and others have rolled out 24-hour public gym pods that offer basic fitness equipment available on-demand – making mini-gyms the latest entrant to China’s so-called sharing economy. Interior of a Misspao “pod gym.” ” (Image via Weibo). Fitness on the go.

On-Demand 48

On-Demand Economy Mobile Payments Innovation 48

Fintech News

FEBRUARY 26, 2024

This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.

FinTech 142

FinTech Consumer Financial Inclusion On-Demand 142