Fintech Sector Trends 2023
This List covers trend insights about the future of the Fintech Sector. Insights curated in 2023.
This List covers trend insights about the future of the Fintech Sector. Insights curated in 2023.
Insight posts
Quantumrun Foresight
Ag-FinTech is changing the agriculture sector by providing farmers with access to financing, streamlined payment methods, and real-time data.
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Techcrunch
our financial industry is evolving at the pace of Moore's law on steroids — reshaping the structure of our markets, transitioning buying power to the consumer, and dislocating segments of the customer value chain once dominated by traditional banks. Fintechs have been busy pushing legacy banks toward product innovation of payments, settlements/clearing, online loans, and more, rewriting the standards for customer experience and highlighting the volume of waste and inefficiency associated with the fixed cost structure of traditional banks.
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Financemagnates
The confluence
of fintech and contactless technology is driving a transformation in the
landscape of travel payments. In this essay, we will look at the
transformational impact of fintech solutions in the field of contactless travel
payments. We investigate the impact of these breakthroughs and...
of fintech and contactless technology is driving a transformation in the
landscape of travel payments. In this essay, we will look at the
transformational impact of fintech solutions in the field of contactless travel
payments. We investigate the impact of these breakthroughs and...
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Ibtimes
When Brazilian sisters Daniela and Juliana Binatti quit their jobs to launch a new financial technology -- or fintech -- product, colleagues called them a pair of upstart nuts.Alas, they ended up founding a company that US credit card giant Visa acquired this year for a cool $1 billion.Pismo, as...
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Koreatimes
By Anna Park. Financial Services Commission (FSC) Vice Chairman Kim So-young vowed to actively support mutually beneficial business activities by private financial companies in Korea and Indonesia to deepen bilateral cooperation. As of Monday, the FSC vice chief has been on a week-long visit to Southeast Asian countries, including Indonesia and Vietnam.
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Koreatimes
Annual global fintech event draws 107 domestic and foreign firms, organizations By Anna ParkKorea's fintech sector will be strengthening partnerships with major financial groups, seeking win-win strategies in an accelerated digital transformation era. While fintech enterprises can spur the development of traditional financial giants by providing innovative business-to-business (B2B) models, fintech venture firms' ingenious services will also reach a wider number of customers, utilizing major financial groups' platforms.
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Financialit
Amongst esteemed Partners such as Kyndryl - the world's largest IT infrastructure services provider - Verve Management is thrilled to announce an unmissable opportunity for banking professionals to delve into the world of fintech technology and banking innovation - the Future Banks Summit &...
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Botreetechnologies
Digital transformation strategies played a major role in the expansion of the FinTech sector. From startups to well-established companies, they have utilized the benefits of digital transformation and witnessed massive business growth. Moreover, the advent of digital technologies has...
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Tech
A leading VC firm has predicted more pain for the European fintech sector over the next 12 months, as the sector battles cuts in funding, layoffs and downrounds, but says sunnier skies are on the horizon. Finch Capital's Annual State of European Fintech Report 2023 highlights the downturn in Europe fintech funding, which it says was down by more than two-thirds to €4.6bn in the first half or 2023, compared to €15.3bn in the first six months of 2022.
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Jdsupra
Recently, the U.Securities and Exchange Commission (the "SEC") announced charges against an investment adviser (the "Adviser") for using hypothetical performance metrics in advertisements that were misleading pursuant to the anti-fraud rules under the Investment Advisers Act of 1940 (the "Advisers Act").
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Fintechfutures
Artificial intelligence (AI) has exploded in popularity over the last year, with businesses across industry sectors exploring new ways to tap into the wealth of possibilities offered by the technology. However, amid the surge of new AI-powered offerings such as ChatGPT and the increasing range of potential use cases popping up, it can be difficult to separate the reality from the noise.
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Robots
As the fintech industry continues to navigate through challenging times, some startups are finding success by harnessing the power of artificial intelligence (AI) to combat money laundering and fraud. These innovative companies are emerging as beacons of hope amidst the storm of uncertainty.
Key...
Key...
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Techcrunch
The 2008 Global Financial Crisis was easily the most destructive economic crisis since the Great Depression. And yet, it's not without a touch of irony that without it, we wouldn't have a thriving startup ecosystem. In an attempt to reboot the global economy, central banks slashed interest rates to almost zero, resulting in an era of cheap money.
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Fintechfutures
Denmark's Saxo Bank has completed the sale of its stake in Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Group, an automotive company based in Hangzhou, China. Saxo Fintech is the result of an equally split joint venture between Saxo Bank and Geely Group launched in 2019 as a means to connect banks and fintechs in Mainland China with Saxo's financial and regulatory technology, which would be supported, deployed and operated as a separate technology stack by Geely.
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Idc
This IDC Perspective presents the findings of the 2023 IDC FinTech Rankings. The annual program serves the needs of financial institutions worldwide by presenting current and historical trends in performance by the partner companies that support the financial service technology. The rankings data indicates longevity, strength, and commitment to the industry.
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Jdsupra
The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. It is therefore not surprising that, reflecting global trends, the FinTech market has been developing rapidly in the Cayman Islands, as the Government has sought to attract new business.
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Thenextweb
Fintech funding in Europe has been greatly affected by the challenging economic environment, the latest report by Finch Capital has found. Specifically, startups in the sector raised a total of €4.6bn in the first half of 2023 — down 70% from €15.3bn in H1 2022.
"Since mid-2022 we have seen an...
"Since mid-2022 we have seen an...
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Financialit
Fireblocks Launches Industry's Most Secure Non-Custodial Wallet Built for Fintechs & Corporates in Web3 Today, Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, expands its industry-leading wallet-as-a-service solution, with...
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AI in Fintech Beating Market by Excellent Revenue growth |Nuance Communications, Amazon Web Services
Newstrail
The Latest research study released by HTF MI "Global AI in Fintech Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status.
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Tech
Today French Treasury management fintech Fipto has raised €15 million in Seed funding. Fipto is a global B2B payments and treasury management solution which enables companies to manage corporate treasuries and to make instant international payments in both fiat and digital currencies using blockchain technology.
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Pymnts
has raised $39 million in a Series B funding round. Wednesday (Sept. 13). "It's big for reinforcing the quality and scale of our product, and it's also big for our customers. With Swan, it's truly easy for European companies to embed banking into their own product and reap the benefits," Benady said. .
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Irishtimes
Irish financial technology (fintech) firms have called for regulatory processes to be streamlined to trim costs for firms and for the Government to explore ways to support staffing in the sector in a difficult market.Financial Services Ireland (FSI), the Ibec lobbying group that represents the...
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Finextra
Fintech platforms are finding success in embracing innovation where their traditional financial institution counterparts have evolved slower. Now, as automation becomes sophisticated enough to streamline an array of processes for fintech startups looking to scale, there's never been a better time to take your business to the next level. .
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Robots
Overview of Fintech Analytics
Fintech analytics refers to the use of advanced data analytics techniques and technologies in the context of financial technology. It involves the collection, analysis, interpretation, and utilization of data to gain insights and make informed decisions in the...
Fintech analytics refers to the use of advanced data analytics techniques and technologies in the context of financial technology. It involves the collection, analysis, interpretation, and utilization of data to gain insights and make informed decisions in the...
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Financemagnates
The
European fintech sector is grappling with adverse changes, with a decline of 70% in funding for H1 2023 compared to the same period last year.
Amid these challenges, the industry is shifting its focus towards profitability
and long-term sustainability. The cryptocurrency industry is taking...
European fintech sector is grappling with adverse changes, with a decline of 70% in funding for H1 2023 compared to the same period last year.
Amid these challenges, the industry is shifting its focus towards profitability
and long-term sustainability. The cryptocurrency industry is taking...
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Helpnetsecurity
72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts.
As banks and credit unions evaluate fintech partnerships, cybersecurity (62%) is also a critical factor, followed by return...
As banks and credit unions evaluate fintech partnerships, cybersecurity (62%) is also a critical factor, followed by return...
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Fintechfutures
SC Ventures, Standard Chartered's fintech investment arm, has launched Audax Financial Technology, its new Banking-as-a-Service (BaaS) offering. Standard Chartered says Audax has been designed to help banks and financial institutions accelerate their digital transformation, pursue new digital business models, serve new customer segments and generate new revenue streams.
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A16z
Lee este artículo en Español. The world of finance is undergoing a profound transformation, and Mexico is no exception. In recent years, the country has witnessed a burgeoning fintech industry, particularly in the business-to-business (B2B) sector: Mexico's fintech market now encompasses over. companies and counting.
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A16z
The UK is home to some of the largest payments companies and most successful neobanks in the world, Wise, Starling, and Monzo among them. That success has been bolstered by the fact that the UK is among the world's most innovative financial services regulatory environments. . Regulation is generally a blocker to innovation.
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Cointelegraph
Architect Financial Technologies, the startup founded by former FTX US president Brett Harrison, will provide derivatives brokerage services following its Architect Financial Derivatives subsidiary receiving approval from the National Futures Association (NFA) to operate as an independent...
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Rougefox
The Australia fintech market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2028, exhibiting a growth rate (CAGR) of 28.during 2023-2028. Fintech, also referred to as financial technology, represents specialized software and technological solutions that improve or automate financial services and processes.
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Jdsupra
Partners Niall Esler and Shane Martin, along with senior associate Conor Daly and trainee solicitor Coleen Wegmann, have authored the Ireland chapter for Global Legal Insights Fintech 2023. They provide an up-to-date summary of the current FinTech and crypto law in a number of key offshore jurisdictions prepared by our global market-leading FinTech team.
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Jdsupra
Deal highlight:
White & Case advised Thinksurance, a Frankfurt-based InsurTech offering a digital platform solution dedicated to commercial and industrial insurance, on its €22 million Series B-2 funding round, led by Segenia Capital.
Deal highlight:
White & Case advised Klarna on its US$800...
White & Case advised Thinksurance, a Frankfurt-based InsurTech offering a digital platform solution dedicated to commercial and industrial insurance, on its €22 million Series B-2 funding round, led by Segenia Capital.
Deal highlight:
White & Case advised Klarna on its US$800...
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Tech
Elon Musk's vision to transform Twitter into X.com has ignited a debate reaching far beyond social media. At its core lies a simple maxim that has long shaped the landscape of financial services: those closest to the customer win the market. . In the 1980s, financial institutions sought to capture customers by offering a comprehensive suite of services, establishing themselves as the go-to, credible, and secure destination for all monetary needs.
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Financialit
Bahrain is gearing up to host the inaugural Fintech Forward 2023 (FF23) where the first day, October 11, 2023, will be programmed by Economist Impact. Set to be held at Exhibition World, Sakhir, under the patronage of the Central Bank of Bahrain (CBB) and in strategic partnership with Bahrain...
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Mondaq
The rapid advancement of financial technology, or fintech, with an overall transaction value of $24 Trillion in FY21-22 alone, has revolutionised the way financial services are delivered and accessed worldwide. Fintech encompasses a wide range of digital financial services, including but not limited to mobile payments, peer-to-peer lending, robo-advisory and blockchain-based solutions.
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Coinjournal
Ramp and MetaMask have partnered to bolster Web3 adoption.
The collaboration allows users to convert fiat into crypto from the MetaMask wallet.
Ramp, a UK-based fintech startup focused on Web3 growth via payment rails connecting crypto and traditional finance, has sealed a strategic...
The collaboration allows users to convert fiat into crypto from the MetaMask wallet.
Ramp, a UK-based fintech startup focused on Web3 growth via payment rails connecting crypto and traditional finance, has sealed a strategic...
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Biometricupdate
Innovations in Lending, Alternative Financing, Fintech & Private Credit Summit
Dana Point, CA
December 5-7, 2023
Opal Group is proud to present the Innovations in Lending, Alternative Financing, Fintech & Private Credit Summit (formerly Marketplace Lending & Alternative Financing Summit)....
Dana Point, CA
December 5-7, 2023
Opal Group is proud to present the Innovations in Lending, Alternative Financing, Fintech & Private Credit Summit (formerly Marketplace Lending & Alternative Financing Summit)....
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Financemagnates
The Australian financial market regulator has taken enforcement action against Bobbob Pty Ltd, a fintech company, for misleading representation of a crypto-asset-linked investment product. ASIC Fines Bobbob According to the announcement today (Wednesday), the Australian Securities & Investments...
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Forbes
Ann Schlemmer, CEO at Percona.
getty
If you want to understand what is happening, follow the money. For banking and financial services, this points to a long-term shift in how we think about and use money. Boston Consulting Group this year flagged a long-term trend concerning money, payments...
getty
If you want to understand what is happening, follow the money. For banking and financial services, this points to a long-term shift in how we think about and use money. Boston Consulting Group this year flagged a long-term trend concerning money, payments...
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Finovate
Lithuania is one of those countries that punches above its weight in terms of fintech innovation. With a population of less than three million, the country boasts more than 260 fintech companies. It is the largest fintech hub in the EU when it comes to licensed companies. These fintechs,...
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Tech
Embedded finance provider Weavr is shutting down its open banking payments app Comma as a standalone product but is leveraging its underlying open banking technology in Weavr's embedded finance offering. London-based Weavr said the B2B open banking payments platform Comma, which it acquired in March this year, would close on November 30 this year.
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Finsmes
Fintech industry expert Sergey Kondratenko explains that ISO (International Organization for Standardization) standards are a set of international standards and recommendations developed jointly with stakeholders.
Their goal is to ensure uniform and consistent methods, processes and practices in...
Their goal is to ensure uniform and consistent methods, processes and practices in...
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Itnewsafrica
The launch of Sanlam Fintech - a business cluster within the Sanlam Group - signals a strategic move to expand the Group's existing fintech offering and ensure that all aspects of the US$8-billion (R143-billion) listed company's services are digitally led. The overarching goal is to use tech to accelerate access to financial services for all Africans, delivering on the brand's purpose: to help Africans live with financial confidence.
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Financialit
XConnect Partners with Sekura.id to Combat Digital Identity Fraud in Banking, Fintech, and E-Commerce XConnect, a Somos Company, the provider of world-class numbering intelligence solutions has partnered with Sekura.id, a leading global provider of mobile identity data, to assist in the fight...
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Betakit
Canada's open banking lead, Abraham Tachjian, will extend his tenure to the end of 2023.
A group of Canada's largest FinTech companies is launching a public action campaign to push the federal government to move faster on open banking and payments modernization.
The Choose More campaign —...
A group of Canada's largest FinTech companies is launching a public action campaign to push the federal government to move faster on open banking and payments modernization.
The Choose More campaign —...
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Financialit
Innovate Finance and leading FinTech industry players have given support to the digital pound, claiming it will boost innovation and cement the UK as a global payments leader.The Bank of England and HM Treasury have both claimed that there is 'likely to be a future need for' a digital pound or...
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Forbes
By Brian Eastwood
The financial technology sector is on the cusp of significant growth. While fintech today comprises just 2% of financial services revenue worldwide, by 2030 the sector is expected to account for 25% of all banking valuations and $1.5 trillion in annual revenue.
getty
With this...
The financial technology sector is on the cusp of significant growth. While fintech today comprises just 2% of financial services revenue worldwide, by 2030 the sector is expected to account for 25% of all banking valuations and $1.5 trillion in annual revenue.
getty
With this...
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Koreatimes
By Anna Park. Seoul Mayor Oh Se-hoon vowed Wednesday to inject a total of five trillion won ($3.7 billion) to foster fintech startups into unicorns and transform the capital into a global fintech powerhouse. In his opening speech at Seoul Fintech Week 2023 at Dongdaemun Design Plaza (DDP), Oh said the city government is supporting fintech businesses at each stage of growth through Invest Seoul, the investment arm of the metropolitan government, as well as Seoul Fintech Lab.
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Theinformation
The end of an era of historically low interest rates has been a boon for big banks, which can now earn more from the loans they make. But for financial tech startups that sought to challenge traditional lenders, steeper borrowing costs have provoked a reckoning, forcing some to hike fees and cut off their riskiest customers.
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Hbr
Historically, smaller, lower-tier suppliers have had trouble obtaining financing. New fintech platforms are changing that. They are making it easier for them to use assets such as approved invoices, inventories, and purchase orders to access financing from outside investors or focal...
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Techcrunch
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! It was a relatively quiet week in fintech startup land, so we took the time to scrutinize where we're seeing the most funding deals.
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Forbes
Investree cofounder and CEO Adrian A. Gunadi (right) and JTA International Holding CEO Amir Ali ... [+] Salemizadeh (left) in Doha, Qatar.Courtesy of Investree
Indonesian peer-to-peer lending platform Investree has raised €220 million ($231 million) in Series D financing led by JTA International...
Indonesian peer-to-peer lending platform Investree has raised €220 million ($231 million) in Series D financing led by JTA International...
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Fintechfutures
At the Sibos 2023 conference in Toronto, FinTech Futures sat down with Vivek Ramachandran, Global Head of Global Trade and Receivables Finance at HSBC, to discuss whether financial services are ready to leap into the new era of sustainable trade finance practices. You can find more FinTech Futures video interviews here.
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Investorplace
Source: Joyseulay / Shutterstock.com
Fintech stocks are a fickle bunch. Marred by misaligned operational models and falling prey to rising interest rates, many fintech stocks are in the gutter compared to last year.
Still, a handful of them are emerging victorious. For...
Fintech stocks are a fickle bunch. Marred by misaligned operational models and falling prey to rising interest rates, many fintech stocks are in the gutter compared to last year.
Still, a handful of them are emerging victorious. For...
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Tech
Brite Payments, a Stockholm-based fintech specialising in instant bank payments, has today announced the raise of $60 million in a new funding round. The Swedish company intends to use the investment to press forward with new market entries in tandem with strengthening its position in some 25 existing markets.
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Fintechfutures
At the FinovateFall 2023 conference in New York, FinTech Futures caught up with David Porter, Managing Director, Global Financial Services at Genesys, to discuss how banks can upgrade and enhance their customer experience to ensure they meet shifting customer needs and maintain a competitive advantage.
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Itnewsafrica
The B2C consumer payments sector has witnessed significant disruption over the past five years as fintechs, neobanks, and big tech companies introduced innovative digital value propositions to the market. Apple and Google have become synonymous with digital wallets, while traditional issuers and payment networks have seen their brand prominence diminish to some extent.
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Killerstartups
The fintech industry is witnessing a resurgence as top investors shift their attention to the most promising early-stage startups. In a recent Insider survey that included 34 initial-stage investors from firms like Bain Capital Ventures, Point72 Ventures, and Index Ventures, 54 burgeoning fintech companies were identified.
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Cfotech
Red Bird Ventures, Westpac NZ's venture capital fund, has led a $1.4m investment round into New Zealand fintech Akahu. The round also featured participation from co-investors K1W1 and NZ7 Investments. This partnership will offer the bank valuable insights to boost its design and delivery of open...
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Finsmes
IT support specialist working with hosting server using tablet in professional data center, planning web digitalization. Male database admin inspecting system hardware in networking industry.
In the ever-evolving world of financial technology, organizations consistently seek ways to improve their...
In the ever-evolving world of financial technology, organizations consistently seek ways to improve their...
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Financemagnates
The convergence
of fintech and real estate has changed the way we buy, sell, invest in, and
manage real estate. Fintech, or financial technology, has provided creative
solutions that expedite operations, improve accessibility, and provide new
investment opportunities in the real estate market.
...
of fintech and real estate has changed the way we buy, sell, invest in, and
manage real estate. Fintech, or financial technology, has provided creative
solutions that expedite operations, improve accessibility, and provide new
investment opportunities in the real estate market.
...
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Ft
During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting.
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Fedscoop
Federal regulators are falling short on ensuring that their staffs have the proper technological skills and knowledge of financial technology to conduct policymaking and oversight, according to a Friday report from the Government Accountability Office.
The agencies examined by the GAO include the...
The agencies examined by the GAO include the...
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Techcrunch
Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech companies to easily develop financial services, has been open about past layoffs. In June, CEO Sankaet Pathak wrote.
