Remove FinTech Remove Multi-Currency Remove Underserved
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Pockit Acquires Monese and Consolidates Position as Leading Fintech for Financially Underserved

Fintech Finance

The British fintech company Pockit and the pan-European fintech Monese today announce that they have agreed terms for Pockit to acquire Monese, subject to Change in Control approval by the FCA, creating the leading fintech for the financially underserved and lower-middle-income consumers across the UK and Europe.

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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

Cross-border payment and FX fintech firm Neo is celebrating profitability – as an increasing number of SMEs explore alternatives to banks to manage their international business needs. Neo has been able to help businesses through its multi-currency account.

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Cross-border payments fintech Neo hits profitability after year of rapid growth

Fintech Finance

Neo, the cross-border payments and FX fintech, has today announced that the firm is now profitable as an increasing number of SMEs explore alternatives to banks for managing their international business needs. This has prompted company treasurers to diversify their banking pools and look to fintech providers as an alternative.

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WeLab and LightHub Apply for Virtual Banking Licence in Thailand to Improve Financial Inclusion

The Fintech Times

The Thai banking sector could have a new key player in the first half of 2025 as Lighthub Asset , a Thai fintech and WeLab , a pan-Asian fintech platform submit an application for a virtual banking licence with the Bank of Thailand. It will provide localised digital banking services to everyone, including the underserved.

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European Banks are Challenging Competitors With Cloud and AI Adoption

The Fintech Times

New research from Economist Impact supported by Temenos has revealed that almost half of European banks are investing in fintech start-ups while 36 per cent are building their own greenfield digital bank or fintech company. HSBC recently launched Zing , a new multi-currency payments app to compete with the likes of Wise and Revolut.

AI 139
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5 Asia Pacific Fintech Firms Eyeing an IPO Earliest in 2024

Fintech News

The fintech industry in the Asia Pacific region is booming, with several high-growth companies potentially eyeing an initial public offering (IPO) as early as 2024. Rapid digitalisation, a young internet-savvy population, and underserved markets make the region ripe for fintech disruption.

FinTech 117
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Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

Fintech News

ANEXT Bank continues to focus on serving the underserved MSMEs. The bank offers a range of services designed for MSMEs, including multi-currency business accounts, unsecured financing with flexible repayment options, and fixed deposit accounts with low entry thresholds. million. .”