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How are Wealthtech Tools Improving Financial Inclusion?

The Fintech Times

While wealthtech is traditionally associated with investing, solutions in this field also have a part to play in improving financial inclusion. “Critically, these wealthtech tools reduce the barriers to entry for individuals who are eager to begin investing. appeared first on The Fintech Times.

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HSBC Supports Funding Societies With Third Credit Facility to Support APAC Businesses

The Fintech Times

Southeast Asian digital finance platform for micro, small and medium enterprises (MSMEs), Funding Societies , has signed its third credit facility with HSBC under its ASEAN Growth Fund. The post HSBC Supports Funding Societies With Third Credit Facility to Support APAC Businesses appeared first on The Fintech Times.

APACS 52
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What are Developing Countries Doing to Improve Access to Finance?

The Fintech Times

“Regulatory frameworks are being adjusted to support fintech innovations and foster a conducive environment for financial technology growth. .” They also tend to be micro and nano lenders, which cater to the lower-income segments who are most in need of financial inclusion.

Finance 58
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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. million in loans.

AI 91
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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

In Q4 2022, Moca by Grab ranked as the sixth most used digital financial platform in Vietnam with an 8% penetration rate, results from a survey of more than 1,500 consumers reveal. These incumbents had made a strong entry, collectively achieving a 23% penetration rate and securing the fifth position, the data show.

Finance 104
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. In late 2019, Stripe entered into the provision of financial services products to customers. Source: Square. Business lending & corporate cards.

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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

And all of them – developed and developing – use regulated rails, bank accounts and compliant fiat currencies to remove user confusion and friction, establish trust, enable merchant acceptance and accelerate market entry and scale. Just like WeChat did. Of Messenger and Libra.

Bots 62