The Fintech Times

AUGUST 23, 2024

Supporting the project, FinTech Wales, the independent membership association and champion of the fintech and financial services industry in Wales, has announced a new partnership with Future Finance. The news was announced at FinTech Wales’ monthly Networking Breakfast event, hosted by Atamis.

AI 95

AI Blockchain Finance FinTech 95

The Fintech Times

MARCH 26, 2024

This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. “We have been able to scale while giving underserved customers the personalised guidance and expert solutions they need.

Underserved 114

Underserved FinTech Financial Inclusion Risk 114

Fintech News

NOVEMBER 4, 2024

Funding Societies, Southeast Asian digital financing platform for small businesses, has secured its third credit facility from HSBC. The funding is part of HSBC’s ASEAN Growth Fund, an initiative aimed at supporting the growth of digital platforms like Funding Societies that serve Southeast Asian e-commerce businesses.

Underserved 109

Underserved Financial Inclusion Small Business Blocks 109

Fintech News

SEPTEMBER 19, 2024

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses. WeLab is backed by billionaire Li Ka-shing and aims to grow its user base to 500 million by 2032.

Underserved 123

Underserved Cross-Border Financial Inclusion Interoperability 123

The Fintech Times

NOVEMBER 26, 2024

Through its proprietary cross-border payments solution, Tranglo Connect, the company helps financial institutions and businesses make secure payments to over 100 countries. Remittances remain a crucial factor supporting households, small businesses, and local economies across Africa. In 2023, remittances accounted for nearly 1.5

Cross-Border Payments 74

Cross-Border Payments Cross-Border Payment APIs and Integration Financial Inclusion 74

Fintech News

JUNE 18, 2024

Indonesian microfinance fintech company Amartha has secured a US$17.5 This investment from global nonprofit Accion aims to help Amartha expand its platform, offering a full range of financial products and services to underserved women-led small businesses in rural Indonesia using data and AI.

Underserved 109

Underserved Small Business AI FinTech 109

The Fintech Times

APRIL 9, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financial inclusion across the globe.

Financial Inclusion 121

Financial Inclusion Underserved Non-Bank Embedded Finance 121

Fintech News

OCTOBER 28, 2024

The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan.

AI 100

AI FinTech Innovation Payment APIs and Integration 100

Fintech News

DECEMBER 1, 2024

Despite their crucial role in economic growth and job creation, nearly half of all MSMEs in Asia and the Pacific are either unserved or underserved by financial institutions. Trillion MSME Financing Gap in Asia appeared first on Fintech Singapore. said ADB’s Vice-President for Market Solutions Bhargav Dasgupta.

Visa 73

Visa Finance Financial Inclusion Underserved 73

Fintech News

JULY 1, 2024

million) loan which matures in 2027 to Validus , marking its first fintech loan in Southeast Asia. This funding will enable Validus’ Indonesian subsidiary, Batumbu , to expand its reach and support more local businesses. billion in loans to small businesses across Southeast Asia since its inception in 2015. million (US$2.57

Finance 109

Finance Security Underserved Financial Inclusion 109

Fintech News

JULY 30, 2024

Launched two years ago, GXS focuses on serving financially underserved groups, including gig economy workers and small businesses, primarily through the Grab app. The post GXS Bank Eyes March 2027 Profitability, Targets US$3B Deposits and US$2B Loans appeared first on Fintech Singapore. million in 2023, up from US$113.7

Underserved 106

Underserved Assessments Small Business Volume 106

Fintech News

SEPTEMBER 1, 2024

Harish Venkatesan Harish Venkatesan, Head of Corporate and Business Banking, HSBC Singapore said, “As one of the leading MSME digital financing players in the ASEAN region, we are pleased to support Validus in playing an instrumental role in promoting financial inclusion to underserved small businesses in this region.

Financial Inclusion 118

Financial Inclusion Underserved Small Business Finance 118

CB Insights

APRIL 11, 2018

Technology corporates and fintech startups alike are turning their attention to Main Street, and the financial needs of small and medium-sized businesses (SMBs).

Small Business 46

Small Business Underserved FinTech Accounts 46

Fintech News

NOVEMBER 20, 2024

With a focus on emerging markets across Southeast Asia, the Middle East, and Latin America, the company aims to support small and medium-sized enterprises (SMEs) in their international growth with fast and convenient payment solutions. Moreover, customer acquisition is more difficult in B2B. Risk management is another challenge.

Cross-Border Payments 96

Cross-Border Payments Cross-Border B2B Due Diligence 96

PYMNTS

DECEMBER 27, 2019

While initially focused on the consumer market, open banking this year also began to demonstrate its potential value for the small to medium-size business (SMB) banking market. It’s a trend that has already begun to manifest in 2019 as more B2B FinTech solutions not only announced integrations with banks, but with each other.

Small Business 53

Small Business Payment APIs and Integration Credit Union Underserved 53

PYMNTS

FEBRUARY 13, 2020

Small business owners have historically faced a unique challenge in the banking world: Financial institutions (FIs) can sometimes fail to clearly define their small business services, blurring the lines between personal and corporate banking and forcing an SMB to fit somewhere within that ambiguity.

Small Business 61

Small Business Payment APIs and Integration Economy Finance 61

PYMNTS

JANUARY 17, 2021

Bookkeeper360 , a FinTech working with accounting solutions, has raised $1 million in seed funding, according to a press release. The round comes with a new confidence in small- to medium-sized business (SMB) FinTech solutions, as Bookkeeper360’s total capital funding hits $2.1 Small businesses are the backbone of the U.S

FinTech 75

FinTech Small Business Value Added Service Underserved 75

Fintech News

APRIL 29, 2024

The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand.

Card Issuer 105

Card Issuer Best Practices Underserved Small Business 105

PYMNTS

OCTOBER 23, 2020

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. A partnership model also invites cross-pollination between FinTechs and the Mastercard matrix. .

Visa 108

Visa Underserved Small Business Credit Union 108

Fintech News

DECEMBER 20, 2023

Recognizing their importance, efforts are underway in Singapore to address the challenges faced by these small businesses, including lack of scale, connectivity, and financing. Payments remained the largest fintech verticals with 146 companies, followed by blockchain and Web 3.0 (136), and advancing talent.

FinTech 104

FinTech Cross-Border CBDC Web 3.0 104

The Fintech Times

JUNE 28, 2024

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. However, it doesn’t stop there.

FinTech 63

FinTech On-Demand Finance Financial Inclusion 63

PYMNTS

MARCH 6, 2020

The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia. We focus on scale-up stage financial technology companies that are expanding access to financial services for underserved consumers and small businesses,” said Rengaswamy.

FinTech 56

FinTech Underserved Origination Small Business 56

Fintech News

DECEMBER 13, 2023

Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs. Validus has disbursed over US$3 billion in loans to small businesses across Southeast Asia since its establishment in 2015.

Due Diligence 106

Due Diligence Underserved Finance Small Business 106

PYMNTS

MARCH 27, 2020

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. California’s Pathlight announced a $7 million Series A funding round this week for its B2B technology that enables businesses to streamline day-to-day team management operations.

FinTech 72

FinTech Cross-Border Small Business Credit Cards 72

Fintech News

MARCH 26, 2024

In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista , technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.

FinTech 100

FinTech APACS Payment APIs and Integration Multi-Currency 100

The Fintech Times

DECEMBER 26, 2023

Many individuals and small businesses grapple with a common challenge: limited access to traditional banking services. This underserved group encompasses those with minimal or no credit history, small businesses, and emerging demographics, including the youth and female populations.

Financial Inclusion 58

Financial Inclusion Underserved Small Business Finance 58

Fintech Finance

SEPTEMBER 25, 2024

We’re looking forward to working closely with KaiOS to bring the best of our technology, scale, and expertise together to drive growth for emerging markets around the world.” “At KaiOS, our mission is to connect underserved communities with the digital world.

Visa 78

Visa Economy Digital Payments Enrollments 78

Fintech News

JUNE 5, 2024

Additionally, there has been a significant rise in the number of Foreign Business Owners (FBOs) with businesses incorporated in Singapore, making up nearly 31% of the bank’s clientele as of 31 May 2024. ANEXT Bank continues to focus on serving the underserved MSMEs. ” said Toh Su Mei, CEO of ANEXT Bank. .”

Micro-Entry 106

Micro-Entry SARS Multi-Currency Cross-Border 106

The Fintech Times

SEPTEMBER 19, 2024

TBC Uzbekistan has launched a waiting list for its upcoming business banking service, TBC Business. The service will offer key features such as paperless account setup in three minutes, 24/7 payment services, as well as tools to help businesses manage their financial operations.

Underserved 58

Underserved On-Demand Economy Small Business 58

The Fintech Times

MAY 9, 2024

Paymentology and Diamond Trust Bank (DTB) will provide an aggregated card solution to fintechs and any other non-financial organisations in Kenya that want to embed a CaaS programme as part of their proposition in line with existing regulations.

Financial Inclusion 103

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank 103

Fintech News

FEBRUARY 26, 2024

This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women, smallholder farmers, and small business owners in developing regions of Asia, Africa, and Latin America. said Chiagozie Nwabuebo, Vice President of Global Growth & Social Impact, Visa.

Financial Inclusion 90

Financial Inclusion Finance Financial Literacy Underserved 90

Fintech News

FEBRUARY 14, 2024

million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms. in Thai Credit Bank to Support Women-Led MSMEs appeared first on Fintech Singapore.

Financial Inclusion 109

Financial Inclusion Non-Bank Underserved Finance 109

PYMNTS

JUNE 22, 2020

The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020 fairly optimistically. First, for every dollar someone invests in a small business, 50 percent to 60 percent of that stays in the local community, Urrutia said.

Small Business 98

Small Business Underserved Participant Governance 98

PYMNTS

JULY 9, 2020

adoption is typically limited to contexts in which an individual may be making a purchase in a retail setting on behalf of a company: a professional on a business trip paying for lunch, for instance, or a delivery driver refueling while on the road. ” Driving Small Business Growth. In some markets, like in the U.S.,

B2B 82

B2B Cross-Border Cross-Border Payments Small Business 82

The Fintech Times

NOVEMBER 6, 2024

Furthermore, the region still has a $2.5trillion credit access gap, making up over half of the global shortfall in small business financing. This enables us to further explore scalable debt financing for growth and profitability, and bolster financial inclusion for the underbanked and underserved SMEs in the region.”

APACS 52

APACS Micro-Entry Economy Financial Inclusion 52

PYMNTS

OCTOBER 1, 2018

Regulators have allocated 10 percent of the funds for FinTech firms, but according to Tide, that’s not enough. Expanding the package’s eligibility will make the most of the once-in-a-lifetime opportunity to shake up [small business] banking by introducing real competition,” said Tide CEO Oliver Prill in a statement.

FinTech 64

FinTech Non-Bank Underserved Small Business 64

Fintech News

AUGUST 26, 2024

It owns Thailand’s leading lender, Siam Commercial Bank (SCB), and was established to drive SCB’s transformation into a diversified financial technology group, focusing on innovations in digital banking, fintech, and other financial services. million micro, small and medium-sized enterprises (MSME) customers.

Online and Mobile Banking 119

Online and Mobile Banking Bots Financial Inclusion Underserved 119