Fintech Report News Today

Making billions in export revenues, further gains are expected with the long-awaited introduction of open banking come 30 May.

/PRNewswire/ -- F-Prime Capital today released its 2024 State of Fintech Report. This annual report offers an in-depth look at the private and public fintech...

Significantly, it said the financial sector has become a particularly attractive target for hackers who exploit vulnerabilities in online banking systems.

The FinTech sector in India received $2 billion in funding in 2023, a decline of 63% compared to previous years. Despite a decline in funding, India ranked third globally in terms of FinTech startup funding last year.

These fintechs include: ivendPay, which provides comprehensive solutions for using cryptocurrency in everyday life.

The Singapore Fintech Report 2023 illustrates the growth in digital lending and payments, and the innovation present in the sector.

Breakthroughs in financial technology and artificial intelligence, along with growth in cellular coverage, are providing hope to many MSMEs in developing economies, including the Philippines, especially to those that qualify as micro-borrowers and are dependent on local, informal lenders to finance their businesses at less-than-ideal terms.

Between 2018 and 2022, equity infusion has gone up to $6 billion from around $2 billion, the report from Elevation Capital found. However, 2023 overall has been a slow year in terms of venture funding.

The 1st edition of the quarterly Fintech Report titled “THE GHANA FINTECH REPORT” has been launched today.

Dave founder and CEO sat down with TechCrunch to give us an update on the bank's performance and trajectory.