Tagged: digital financial services

Payments Giant Mastercard Joins $25M Round in Australian Payment as a Service Fintech mx51

Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as… Read More

DeFi: Kava Labs Hard Money Market V2 to Add Support for More Digital Assets, Stablecoins

Adam Turman, Developer Support Engineer at Kava Labs, which is focused on “democratizing” financial services and making them more accessible to “anyone, anywhere” across the globe, notes that when Hard Money Market V2 was introduced on April 8, 2021, Binance USD (BUSD) had been the… Read More

Joachim De Koning: Founder of Netherlands based Blockchain Platform hybrix Explains how they Empower Users to Gain Control of their Finances

We recently connected with Joachim De Koning, the Founder of hybrix, a Utrecht, Netherlands-based company offering a technically borderless cross-ledger (or cross blockchain) platform where users can swap, store, build, explore, and conduct asset transfers across different distributed ledger tech (DLT) networks. Joachim explained how… Read More

Norway’s Norges Banks Says Financial System Is Working Properly despite COVID Issues, Is Researching CBDCs

Norges Bank has released its Financial Infrastructure Report 2021 and Norges Bank Papers 2/2021, titled “Retail payment services 2020.” Norges Bank notes that there have been significantly fewer disruptions in the Norwegian financial infrastructure during the past few years, and the infrastructure has been working… Read More

Ethereum Not Just a Digital Currency, It’s a Financial Ecosystem Generating $29.3M in Fees Every 24Hrs, 8x More than BTC: Report

James Wang, an experienced crypto analyst who says that Ethereum (ETH) could be the “last investment of your life,” points out that the world’s largest smart contract platform isn’t merely a cryptocurrency. Wang explains that Ethereum is a complete software platform with a rapidly increasing… Read More

Digital Onboarding Introduced by Land Bank of the Philippines, Clients May Open Savings Accounts Online without Visiting a Bank Branch

The Land Bank of the Philippines has introduced its digital onboarding platform for its clients so they can easily open up a savings account without being required to visit a physical bank location. The State-managed banking institution unveiled its digital onboarding system, called DOBS Mobile,… Read More

Fintech Innovation Lab Asia Pacific Returns in 2021, Aims to Help Early-Stage, High-Potential Startups

The Fintech Innovation Lab Asia Pacific program has now returned for its eighth edition this year with additional opportunities for early-stage and high-potential startups. Cyberport, a founding partner, will be giving finalists from the 2021 cohort the chance to take part in the 2-year (or… Read More

Banking Circle to Act as Front-Runner Bank in Creating Bulk-Clearing for Danish Krone after Joining P27 Nordic Payment Initiative

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

Virtual Banking: Kuwait International Bank Partners Digital Transformation Specialist Mobiquity to Streamline Financial Services

Mobiquity, a digital transformation enabler, has teamed up with Kuwait International Bank (KIB), in order to support the institution’s goal of becoming a leading all-digital Islamic or Shariah-compliant financial service provider. Through the partnership, KIB will be working with Mobiquity’s team of experienced professionals –… Read More

Fintech and Bank UX Report Released by Axxiome Business Unit ADiLA Research Studio

ADiLA Research Studio, the new business division of Axxiome (a global solutions provider for the financial services sector focusing on advisory in banking, complexity reduction and analytics), has published a second study on UX (user experience) when working with Fintech solution providers and with banks… Read More

Arab Monetary Fund Releases Fintech Index, a Measure of Financial Tech Adoption in Middle East

The Arab Monetary Fund, which aims to establish policies of Arab monetary cooperation and promote the development of Arab financial markets, has launched “Finxar,” which is a regional Fintech index for tracking the development of the financial technology industry in Arab nations. The United Arab… Read More

China’s Fintech Crackdown Continues as Authorities Call ByteDance, Tencent, Baidu, JD.com, Others into Meetings

Authorities in China have reportedly told 13 of the nation’s largest tech firms to “rectify prominent problems” on their platforms, according to a recent report. These developments appear to be a sign that China continues to increase its regulatory scrutiny and pressure of its Fintech… Read More

TechUK Responds to Competition and Market Authority’s Consultation on Open Banking

The UK has reached a key stage for the ongoing development of Open Data initiatives.  The Open Banking Implementation Entity (OBIE) is now nearing the completion of creating Open Banking guidelines and the Competition and Markets Authority (CMA) has finalized a consultation on the updated… Read More

Kava Labs, which Focuses on Democratizing Financial Services, Establishes Security of Assets Fund for Users

Brian Kerr, Co-founder of Kava, has published a blog post in which he revealed that his team is introducing the Kava SAFU Fund (Security of Assets Fund for Users). Kerr noted in the update, dated Wednesday (April 28, 2021) that Kava SAFU Fund is an… Read More

London based Currencycloud Reveals how Clients Transition from BaaS to Embedded Finance Providers

London-based Currencycloud, a provider of B2B embedded cross-border solutions, published a blog post earlier this month that explained how embedded finance works and integrates with the financial system. The Co-founders of HUBUC (CEO Hasan Nawaz and COO Ignacio Javierre), which reportedly uses Currencycloud APIs, provided… Read More

Danial Daychopan: CEO at Plutus Explains how Financial Services Provider Is Bridging Worlds of Fiat and Crypto

We recently connected with Danial Daychopan, CEO and Founder of UK-based Plutus, a financial services provider that aims to bridge the gap between traditional fiat currencies and “upcoming” cryptocurrencies. Plutus says it offers the “best of both worlds,” which includes centralized fiat and non-custodial crypto,… Read More

Financial Institutions are at Forefront of Embracing Cloud Native Architecture to Lower Costs, Remain Competitive: Report

Financial Services TechnoVision, currently in its third year of publication, aims to offer businesses with a “robust” and “proven” foundation for technology adoption. It provides thought leadership to assist firms with navigating the “complex yet critical technology environment.” As noted in the report, “agility” and… Read More

Citi API, the Bank’s API Connectivity Platform, has Processed Over 1 Billion API Calls Since Launching in Late 2017

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

Digital Banking: UAE Central Bank Issues License to Al Mayah Community Bank to Offer Seamless Financial Services

The reserve bank in the United Arab Emirates (UAE) has issued a license to Al Maryah Community Bank in order to offer services in the Middle Eastern nation. Al Maryah is notably the very first all-digital bank to have been given approval to begin providing… Read More

Singapore’s DBS Introduces AI enhanced Digital Investment Advisory Solution

DBS (SGX:D05)/POSB retail clients are now able to access a new feature offered via DBS’ AI-enhanced financial and retirement planning tool, called NAV Planner, which will aim to offer specific investment recommendations that are well-suited for different investment profiles and requirements. Evy Wee, Head of… Read More

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