Fintech News

JULY 25, 2024

Lim Boon Heng Lim added, “Income Insurance will continue to provide affordable and accessible insurance options to the underserved and lower-income customers, through products such as the LUV and SilverCare policies. Secondly, Income Insurance will continue to participate in national insurance programmes in partnership with the CPF Board.

Underserved 92

Underserved Participant Continuity Acquirers 92

Fintech Finance

SEPTEMBER 25, 2024

This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth. The post Mastercard and KaiOS Partner to Simplify Acceptance for Millions of SMEs in Emerging Markets appeared first on FF News | Fintech Finance.

Visa 77

Visa Economy Digital Payments Enrollments 77

The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

Instant Payments 69

Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

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.

Treasury 69

Treasury AI Innovation FinTech 69

Fintech News

FEBRUARY 14, 2024

Roy Agustinus Gunara “Given the underserved market conditions, we welcome IFC’s funding and expect it to support communities, enabling us to offer affordable formal financing to MSMEs, particularly WMSMEs, who have been historically overlooked. in Thai Credit Bank to Support Women-Led MSMEs appeared first on Fintech Singapore.

Financial Inclusion 95

Financial Inclusion Non-Bank Underserved Finance 95

Fintech Finance

OCTOBER 29, 2024

With only 48% of the adult population in Africa banked, according to the African Digital Banking Transformation Report ( [link] ), the collaboration between Orange and Mastercard is designed to accelerate financial access, contributing to the financial empowerment of underserved communities.

Visa 77

Visa Digital Payments Financial Inclusion Online and Mobile Banking 77

The Fintech Times

MAY 22, 2024

Colin Digby , head of strategic client coverage of Crown Agents Bank, shared his thoughts on the partnership: “Financial institutions are struggling to access hard-to-reach markets, especially as counterparties retreat from these increasingly underserved and challenging geographies.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Settlement Underserved 59

Fintech Finance

MAY 21, 2024

Through a single integration, wholesale market participants including commercial banks, Money Services Businesses (MSBs), NGOs and Charitable Trusts can access transparent and relevant pricing information for EM currencies. This is why the AbbeyCross ABX Platform is so important.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Settlement Underserved 52

Fintech Review

NOVEMBER 6, 2024

Fintech companies are now focusing on these underserved populations, aiming to break down financial barriers with innovative digital solutions. By digitizing microfinance, fintechs are extending credit to underserved populations, supporting entrepreneurship, and encouraging economic growth.

Financial Inclusion 110

Financial Inclusion FinTech Online and Mobile Banking Cross-Border Payments 110

Fintech Finance

OCTOBER 29, 2024

This collaboration will enable all participant partners in TerraPay Global network to send seamless international money transfers directly to Yape users, allowing them to instantly access their funds and take advantage of a wide array of financial services within the app.

Financial Inclusion 90

Financial Inclusion Cross-Border Economy Underserved 90

The Fintech Times

OCTOBER 29, 2024

Recognising this as an issue that needs to be solved, the collaboration between Orange and Mastercard aims to accelerate financial access and contribute to the financial empowerment of underserved communities.

Visa 59

Visa Financial Inclusion Online and Mobile Banking Debit Card 59

The Fintech Times

NOVEMBER 16, 2024

Furthermore, participants repeatedly mentioned apps crashing, having complicated layouts, taking a long time to load and being regularly unavailable (due to maintenance or updates) as key frustrations. “AI-driven The post Futurice Reveals How Banks Are Failing to Meet Customers Digital App Demands appeared first on The Fintech Times.

AI 64

AI On-Demand Mobile Banking Underserved 64

Fintech Finance

AUGUST 22, 2024

The round also includes participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures and Acadian Ventures, a venture firm which specialises in investment into the next generation of work technologies. With the addition of integrated financial services, Workpay’s potential for growth is immense.”

Payroll 91

Payroll On-Demand Underserved Regulations 91

Fintech Finance

MAY 9, 2024

The post Access Bank Group and Mastercard Join Forces to Expand Opportunities for Cross-Border Payments for African Businesses and Consumers appeared first on Fintech Finance.

Cross-Border Payments 91

Cross-Border Payments Cross-Border Visa Financial Inclusion 91

CB Insights

JUNE 17, 2020

Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. Regulation will play a significant role in how opportunities in the fintech space take shape in a post-Covid world.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

NOVEMBER 18, 2020

FinTech participation in the Fast Track program, Angelos told Webster, has increased 360 percent year-over-year. And while Daylight is pursuing one avenue of building an inclusive community bank, Angelos noted, there are options to do this in other historically underserved communities in the U.S. — Building A Faster Fast Track .

FinTech 73

FinTech Posting Community Banks Processors 73

Clearly Payments

MARCH 11, 2024

Cryptocurrency offers a viable alternative for individuals and businesses, especially those underserved by traditional banking systems, to access financial services and participate in the global economy. Moreover, as Canada positions itself as a hub for blockchain and cryptocurrency innovation among the startup community.

Cryptocurrency 78

Cryptocurrency Financial Inclusion Consumer Protection Payments 78

Fintech Finance

SEPTEMBER 12, 2024

Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap. The post Fast-Growing Neobank Lupiya Partners with Network International to Launch Card Product appeared first on FF News | Fintech Finance. But a third of the population remains excluded.

Product 83

Product Financial Inclusion Debit Card Digital Payments 83

The Fintech Times

JANUARY 3, 2024

Many market participants have already sought to develop technologies and standards to facilitate consumer access to personal financial data,” wrote the CFPB in their introduction to the rulemaking. “Our The post American Fintech Council Identifies Hurdles in CFPB Open Banking Proposal appeared first on The Fintech Times.

CFPB 69

CFPB Consumer Financial Protection Bureau (CFPB) FinTech Underserved 69

Fintech News

JANUARY 15, 2024

This allows participating wallets (both local and cross-border) and merchants to have a common standard interface for sending and receiving payment notifications. This broader perspective facilitates alternative credit scoring methods, potentially increasing lending to previously unserved or underserved segments.

Interoperability 95

Interoperability Cross-Border Payments Financial Inclusion 95

Fintech Finance

FEBRUARY 26, 2024

Together with the GSMA Foundation, we seek to empower those in underserved communities across the world and provide equal access to help build better financial futures for all.” The post Visa and the GSMA Mobile for Development Foundation Launch Digital Finance for All Initiative appeared first on Fintech Finance.

Financial Literacy 52

Financial Literacy Finance Financial Inclusion Economy 52

The Fintech Times

FEBRUARY 16, 2024

These underserved communities also deal with such issues as workers sending money back home and being hit with unfair charges as high as 6.8 The post Blockchain and Bitcoin Education Targeted by Paystand with Paystand.org Launch appeared first on The Fintech Times.

Bitcoin 72

Bitcoin Blockchain Financial Inclusion Underserved 72

Fintech News

OCTOBER 28, 2024

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs.

AI 79

AI FinTech Innovation Payment APIs and Integration 79

The Fintech Times

JULY 28, 2024

. “SteelWave Digital can further bridge the financial accessibility gap by expanding its strategic partnerships with global liquidity providers to enhance capital flows into underserved markets. ” The post What More Could Your Fintech be Doing to Bridge the Financial Accessibility Gap?

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

The Fintech Times

SEPTEMBER 2, 2024

These digital-first institutions are bridging gaps in traditional banking, offering innovative solutions to meet the needs of a diverse and underserved market. Despite this, there have been positive developments, such as South Africa’s TymeBank posting a profit for the first time in December.

Non-Bank 64

Non-Bank FinTech Visa Underserved 64

The Fintech Times

JANUARY 15, 2024

Created in partnership with Create Labs , a social venture offering technology access to underserved communities, the tool aims to limit biases and cater to diverse entrepreneurial needs.

Small Business 59

Small Business Visa AI Underserved 59

Fintech News

APRIL 3, 2024

Such firms also considered women’s limited economic participation in certain markets, their reliance on informal sources of credit, and low loan size requirements, as limiting demand for credit from women. According to Oliver Wyman, women constitute the single largest underserved group of customers in the financial services industry.

Financial Inclusion 109

Financial Inclusion FinTech Financial Literacy Non-Bank 109

Fintech News

AUGUST 19, 2024

It excludes Debt, Grant, Post-IPO and ICO funding), Source: SEA Fintech – Semi Annual Report – 2024, Tracxn, Jul 2024 Despite this downturn, investors remain optimistic about the region’s fintech sector. The post Most Active Fintech Investors in Southeast Asia in the Past 2 Years appeared first on Fintech Singapore.

FinTech 109

FinTech Underserved Technology Cross-Border 109

Fintech News

FEBRUARY 4, 2024

Firms like Fidelity Investments, Wells Fargo , and Morgan Stanley are driving social impact through initiatives targeting minority and underserved groups. IIX’s operations are geared towards directing catalytic capital into underserved communities, offering a range of investment avenues, including ventures, bonds, and funds.

AI 115

AI Returns On-Demand Underserved 115

PYMNTS

JULY 30, 2020

Anton Kozlov, the company’s Russian market manager, said per the outlet, “Crisis aside, Russia has always had a monolithic banking system that is dominated by a few players, and the sentiment we get is that Russians are increasingly looking to find alternative ways to grow their earnings and participate in the financial markets.”

Bitcoin 52

Bitcoin Financial Literacy Digital Currency Legal 52

Fintech Finance

MARCH 22, 2024

A financial exclusion gap also still exists affecting underserved or unbanked communities. Providers should share educational information and offer post-transaction points, miles, discounts, gift cards, and/or other benefits. Provide rewards to loyal customers and financial education.

Visa 52

Visa Cross-Border Cross-Border Payments Financial Inclusion 52

PYMNTS

SEPTEMBER 22, 2019

that include, “rapidly growing, yet underserved startup ecosystems,” the company said. . Co-founders Ryan Broshar and Natty Zola said the underserved ecosystems they’re focused on include “the North, the Rockies, and companies across the Techstars ecosystem,” reports said. . “We JPK Capital also participated in the funding round.

Underserved 40

Underserved Advisors Participant Posting 40

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. We have to remember that before COVID, particularly the underserved small businesses, they were not flush with cash,” she said.

Small Business 98

Small Business Underserved Participant Government 98

PYMNTS

DECEMBER 18, 2020

India-based Arya , which offers post-harvest services throughout the agricultural value chain, said that it landed $21 million in a Series B financing round, according to a TechCrunch report. Caffeinated Capital headed up the round, with participation from Khosla Ventures and Craft Ventures, among others. CloudTrucks.

B2B 77

B2B Payroll Underserved Non-Bank 77

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. The post Here Are the Top 10 Must-Attend Sessions at Money20/20 Asia 2024 appeared first on Fintech Singapore.

Embedded Finance 86

Embedded Finance APACS Financial Inclusion CBDC 86

PYMNTS

APRIL 22, 2020

Amazon is delivering six million meals to underserved populations that have been impacted by the COVID-19 pandemic, the company announced. Our staff and our participants alike are grateful.”. The Seattle eCommerce giant said they are partnering with food banks in 25 U.S. cities to provide shelf-stable groceries and pre-packaged foods.

Underserved 57

Underserved Participant Risk Continuity 57

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. The post Here Are the Top 10 Must-Attend Sessions at Money20/20 Asia 2024 appeared first on Fintech Singapore.

Embedded Finance 78

Embedded Finance APACS Financial Inclusion CBDC 78