Financial Technology companies (FinTech) are becoming important players in the Mexican financial system and could support financial inclusion. As a Latin American market with significant growth opportunities for FinTech, these companies could help increase the country’s financial intermediation levels, which are among the lowest in the region. Fitch Ratings says according to Inegi’s (National Institute…
Giesecke & Devrient, Gemalto, and Apple are big winners in the 2016 Future Digital Award Winners Announced for Commerce & Fintech by UK-based Juniper Research. The award winners and runners-up in each category were as follows: Digital Banking – Best System Solution Winner – EdgeVerve Systems Finacle Omnichannel hub Highly Commended – Bankable…
Asia-Pacific nearly doubles 2015 fintech financing in the first half of 2016 to the tune of nearly $10 billion, primarily driven by China. Investments in Asia-Pacific have eclipsed North America, which as of July 31 garnered $4.58 billion in fintech investments; and also tops Europe, which attracted $1.85 billion in the same period. More specially investments…
A new study has found Fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960% during the period 2016-2021, rising to $17 billion globally in the latter forecast year. This rise is driven by advances in analytics and accessible computing power. The new study, AI…
Societe Generale Group has acquired a stake in the share capital of TagPay, a French FinTech specialized in mobile digital banking. TagPay is currently being rolled out in several of the Group’s African subsidiaries: a mobile recovery solution implemented by Manko in Senegal, merchant payments in Ivory Coast tested at Shell service stations, as well…
Wirecard and MyOrder have teamed to offer new FinTech solutions. Wirecard and MyOrder now enabled GRPPY to create a shared wallet. GRPPY is Rabobank latest startup and is using the platform of MyOrder, for which Wirecard already provides the complete wallet infrastructure as a technical service provider. GRPPY, the group wallet on your mobile, is…
Global investment in fintech ventures in the first quarter reached $5.3 billion, a 67% increase over the same period in 2015, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62%. ARTICLE: Global investment in fintech ventures in the first quarter reached $5.3 billion, a 67% increase over…
In Other News: TSYS (Alerts); YAPSTONE (award); BLUEPOINT (paper); and FLOK (LoyalBlocks). TSYS – TSYS will provide the payment providers its services across Europe with TSYS Alerts, a solution that helps cardholders monitor their accounts and prevent fraudulent activity with real-time, on-demand information using cardholder-driven communication preferences that include push notifications, SMS text messaging, voice…
There are new indications the FinTech investment market will grow at a CAGR of over 53% until 2020. According to the latest research study released by London-based Technavio, the investments made by FinTech start-ups for P2P lending was valued at close to US$6.37 billion in 2015. P2P lending is among the most used models by…
Silicon Valley Fintech startup SelfScore has unveiled the first dedicated MasterCard credit card designed for international students in the U.S. By utilizing unique analytics and robust data sets including a borrower’s education, source of funding, and career prospects, SelfScore identifies creditworthy international students who are otherwise labeled as “thin-file” or “no-file” credit seekers. This credit…
Western Union has launched online money transfer in Ukraine. The new service is available in collaboration with Public Joint Stock Company Commercial Bank PrivatBank. With this capability, Western Union customers in Ukraine can now make fast, convenient and reliable online money transfers on www.westernunion.ua using their Visa or MasterCard credit cards and debit cards issued…
Yoyo Wallet has been ranked by KPMG as one of the top 50 emerging companies in the global financial technology space. Yoyo’s U.S. expansion comes after a successful $10 million A round that has boosted Yoyo to become the fastest growing mobile wallet in the UK, processing up to 65% of checkouts across participating locations.