The Fintech Times

DECEMBER 17, 2023

The UAE has established itself as a frontrunner in the fintech innovation space, boasting a market currently valued at $39.3billion in terms of transaction value, as reported by Mordor Intelligence. The inaugural eight-week cohort features four promising fintechs, chosen to amplify innovation in the region through a comprehensive programme.

Innovation 109

Innovation Participant Economy FinTech 109

The Fintech Times

JUNE 6, 2024

The platform now invites further international participation and private sector proposals for value-added solutions. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

Participant 44

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 44

Fintech Finance

JULY 30, 2024

By enabling seamless international transactions, we are not only facilitating easier access to financial services but empowering individuals and businesses to participate more fully in the global economy. This ultimately contributes to the economic growth and empowerment of communities across the region.”

Multi-Currency 134

Multi-Currency Visa Innovation Point-of-Sale (POS) 134

Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The competition is divided into two primary areas.

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Cross-Border SWIFT AI Innovation 122

The Fintech Times

OCTOBER 14, 2024

Nurturing local talent and ensuring the Middle East and North Africa (MENA) region continues to be a hub for innovation, Bahrain FinTech Bay (BFB), the fintech ecosystem builder, has launched its MENA Innovation Academy (MENA-IA). This will ensure that participants gain both broad industry knowledge and deep technical skills.

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Innovation FinTech AI Participant 52

Fintech Finance

MARCH 15, 2024

Federal Reserve Financial Services (FRFS) has introduced the new FedNow User Group to continue promoting collaboration among the 607 participating financial institutions and their service providers on the FedNow Service network.

Federal Reserve 52

Federal Reserve FedNow Participant Instant Payments 52

Open Banking

SEPTEMBER 9, 2024

The delivery of VRP for sweeping functionality opens significant opportunities for fintechs to collaborate with these banking providers, introducing new and innovative financial services to their customers. By leveraging sweeping functionality, third-party providers (TPPs) can help drive the next wave of financial innovation.

Innovation 121

Innovation Message Standards API Enrollments 121

Fintech Review

JULY 22, 2024

At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

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Participant Blockchain AI Security 52

The Fintech Times

MAY 14, 2024

Ripple , the global payments and financial solutions provider, is accelerating blockchain education in the US as its University Blockchain Research Initiative (UBRI) renews its $1.05million partnership with Morgan State University to support blockchain innovators across America’s Historically Black Colleges and Universities (HBCUs).

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Blockchain Innovation Research Deepfake 115

Fintech Review

JUNE 25, 2024

This distributed ledger technology ensures that all participants in a transaction have access to the same information. Through innovations like smart contracts, cross-border transactions, and enhanced transparency and security, blockchain is redefining how financial transactions are conducted globally.

Blockchain 95

Blockchain Technology Innovation Cross-Border 95

Finovate

SEPTEMBER 20, 2024

What is the level of interest in fintech innovation there? A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank. There is a lot of talk about enabling technologies such as AI.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

The Fintech Times

FEBRUARY 5, 2024

To better understand the role collaboration plays in driving innovation within fintech and banking, we hear from Jackie Toole , vice president of financial services at NTT DATA Services , who offers her expertise on the topic. Despite this, both parties stand to gain a lot when it comes to partnering with one another.

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Innovation FinTech Regulatory Compliance On-Demand 113

The Fintech Times

SEPTEMBER 28, 2024

Milan Fintech Summit returns on 8 and 9 October, welcoming global leaders, innovators and experts from financial and tech sectors. Last year’s summit drew over 1,300 attendees, with 63 per cent of participants holding C-level positions. Regulators will also participate in the discussions.

Innovation 57

Innovation FinTech Technology Embedded Finance 57

Finovate

OCTOBER 14, 2024

Interactive learning: Participate in a live Q&A session with experts, allowing you to get personalized answers to your specific challenges and questions. Photo by Ron Lach The post Finovate Webinar: Innovations in AI-Powered Observability appeared first on Finovate. Learn more or register today.

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AI Innovation Regulatory Compliance Compliance 52

Finextra

JUNE 3, 2024

TSB is taking applications for fintechs to participate in its fourth Innovation Labs programme as the bank and Fintech Scotland encourage the next cohort of fintech collaborators.

Innovation 52

Innovation FinTech Participant 52

Finextra

APRIL 10, 2024

The Isle of Man Government today reveals the cohort of 16 international organisations that will take part in the Island’s biggest ever Innovation Challenge.

Participant 52

Participant FinTech Governance Government 52

Fintech Finance

JANUARY 12, 2024

Reflecting on the news, Joe Morley, EU CEO at TrueLayer, said: “Our inclusion in the first SPAA register underscores our commitment to innovation and our role in advancing the next era of payments across Europe. The post TrueLayer becomes first participant in SEPA Payment Account Access Scheme (SPAA) appeared first on Fintech Finance.

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Participant Accounts API Compliance 52

The Fintech Times

APRIL 10, 2024

Led by Nicola Anderson , CEO of FinTech Scotland, the organisation will be joined by representatives from Terrapin , Tindeco , GrandBequest , as well as Broker Insights , to participate in New York Tartan Week and New York FinTech Week, representing the dynamic Scottish fintech sector on the global stage.

Innovation 62

Innovation FinTech Cross-Border Participant 62

The Paypers

AUGUST 14, 2024

Bank payment provider GoCardless has joined the SEPA Payment Account Access (SPAA) scheme and calls on banks to sign up to drive European payments innovation.

Participant 45

Participant Innovation Accounts Payments 45

Fintech Finance

JANUARY 25, 2024

Leading account-to-account (A2A) payment infrastructure provider, Token.io , has announced it has become an official participant in the SEPA Payment Account Access (SPAA) scheme: a commercial API initiative that will enable greater innovation and unlock wider adoption of A2A payments in Europe. As a SPAA participant, Token.io

Innovation 52

Innovation Participant Central Bank Payments 52

Fintech News

OCTOBER 28, 2024

This year’s awards are also supported by 12 fintech community members, including Ripple, NETS, ADVANCE.AI, and HSBC, as part of the ‘Fintech Gives Back’ initiative, aimed at encouraging innovation and supporting emerging talent. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.

AI 93

AI FinTech Innovation Payment APIs and Integration 93

Fintech Finance

MARCH 5, 2024

FI’s and PSP’s are able to access local payment schemes without the development and administrative costs linked to direct participation with the clearing houses (ACH) or integration with multiple banks. To be eligible, FI’s and PSP’s, will need to be regulated in the SEPA zone or UK to become indirect participants.

IBAN 52

IBAN Innovation Payment APIs and Integration Cross-Border Payments 52

The Fintech Times

FEBRUARY 28, 2024

NayaOne has bagged $4.7million in a funding round led by global alternative asset management firm EJF Capital , with participation also from Valley Ventures and Carthona Capital. ” The post NayaOne Secures $4.7Million Funding Round to Propel Fintech Innovation appeared first on The Fintech Times.

Innovation 57

Innovation FinTech Security SWIFT 57

The Fintech Times

FEBRUARY 11, 2024

The Hong Kong government has reaffirmed its dedication to fostering fintech innovation following the issuance of approximately HK$6billion worth of digital green bonds. Paul Chan , the Financial Secretary, said: “The Government has once again issued digital green bonds this year, incorporating various technological innovations.

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Government Governance Innovation FinTech 62

The Fintech Times

DECEMBER 21, 2023

The financial services market is predicted to grow 10 per cent per year, reaching $230 billion in revenues by 2025. ² “We found that the fintech community across the continent is really leading the charge for payments innovation and connecting unbanked populations with the digital economy. Around 350 million of Africa’s 1.47

Innovation 108

Innovation FinTech Financial Inclusion Economy 108

The Fintech Times

DECEMBER 15, 2023

This strategic partnership underlines Sumsub’s commitment to driving innovation, establishing essential industry connections and contributing to the dynamic fintech ecosystem in Singapore and the broader APAC region.

Innovation 57

Innovation FinTech Deepfake APACS 57

The Fintech Times

SEPTEMBER 8, 2024

This second release of the framework standardises how participants can offer PIS reliably and securely. This trend underscores SAMA’s continued efforts in developing the Saudi fintech sector and its commitment to promoting financial inclusion and innovation.

Innovation 57

Innovation Best Practices Financial Inclusion Central Bank 57

The Fintech Times

AUGUST 14, 2024

In response to this, the American Fintech Council (AFC) sent a letter detailing its recommendations to develop regulations for AI and to increase clarity for industry participants. The post American Fintech Council Calls for Treasury to Back Innovation by Enhancing Regulatory AI Clarity appeared first on The Fintech Times.

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Treasury AI Innovation FinTech 67

The Fintech Times

FEBRUARY 20, 2024

The Scottish fintech landscape is rapidly growing, with a variety of financial services subsectors such as life, savings and investments all developing innovation in the country. By joining forces with FinTech Scotland, Scottish Friendly is signalling its commitment to innovation and customer-centric financial solutions.

FinTech 57

FinTech Innovation Best Practices Facilitators 57

The Fintech Times

JUNE 6, 2024

“At Mastercard, partnership is a part of our DNA, critical to defining how the company innovates for the future and creates meaningful, sustainable impact for society,” said Eimear Creaven, division president, Western Europe Mastercard. Find out more about the new Mastercard Western Europe programme supporting fintechs.

Visa 57

Visa Innovation FinTech Embedded Finance 57

Finextra

NOVEMBER 20, 2024

EdfaPay, Saudi Arabia's leading fintech platform, has secured a $5 million Pre-Series A funding round led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment.

Security 52

Security Participant Innovation FinTech 52

The Fintech Times

JANUARY 26, 2024

Consumer finance firm BNP Paribas Personal Finance is continuing its collaboration with the West Midlands-based professional services technology supercluster SuperTech to unveil a new ‘Innovation Lab’, with an aim to address data-led challenges in the financial services sector.

Innovation 57

Innovation Finance Addressing FinTech 57

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Open banking is anticipated to increase competition in the country by lowering the barriers to entry for new participants.

Innovation 90

Innovation Financial Inclusion Central Bank Participant 90

Fintech Review

AUGUST 29, 2024

Volodymyr Nosov, founder and CEO of WhiteBIT, commented on the partnership: “Collaborating with TOKEN2049 underscores our commitment to driving blockchain innovation forward. WhiteBIT has partnered with Hash Bank, a neobank in Georgia, to provide its users with innovative financial solutions.

Blockchain 52

Blockchain Innovation Multi-Currency NFTs 52

Fintech News

NOVEMBER 5, 2024

The pilot program will begin in Singapore, allowing Visa cardholders from participating banks like DBS, OCBC, and UOB to pay with their palms at select merchants. Once registered, users can make future payments simply by waving their palm at participating merchants, eliminating the need for cards or phones.

Enrollments 117

Enrollments Payments Encryption Participant 117

The Fintech Times

APRIL 15, 2024

In a world where global fintech investment has faced challenges, the Middle East and Africa (MEA) region is a beacon of resilience and innovation. The program’s unique focus on Emirati founders and co-founders underscores its commitment to nurturing local talent and fostering innovation in the region.

Innovation 44

Innovation FinTech Participant On-Demand 44

The Fintech Times

DECEMBER 6, 2023

“Our collaboration with MDP will equip businesses with innovative payment solutions that allow them to participate in digital commerce and drive financial inclusion,” said Gaurang Shah, executive VP, product and engineering, Eastern Europe, Middle East and Africa, Mastercard.

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Visa Payment Solutions Innovation Non-Bank 62