Page 17 - Fintech News Today

Mastercard and Equity Bank have announced a strategic collaboration that will enable Equity Bank customers to send money safely and securely to 30 countries. This collaboration marks a significant milestone for cross-border financial transactions in Kenya.

According to the Fintech India report released by data intelligence platform Tracxn, funding during the January-March quarter dried up year on year across stages, with seed stage down 77% to $9.9 million, early stage down 42% to $147 million and late stage falling 60% to $394 million, compared to the previous year.

This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years.

TRM Labs launches Behavioral Intelligence—a new generation of blockchain intelligence that deepens and expands insights in illicit crypto investigations....

Viva.com, Europe’s first technology bank powering merchant payments acceptance on any device in 24 markets, and Bancomat, the leading payment network in Italy, announced today their strategic partnership.

US Capital Global engaged as financial advisor to a Canadian fintech company specializing in ATM and kiosk software development and integration, alongside...

N26, Europe’s leading digital bank, today announced the launch of Joint Accounts in 21 new markets. Joint Accounts allow N26 customers to manage both their personal finances as well as finances shared with a partner – all in the N26 app, and at no extra cost.

Pomelo Group, the Singapore based payment infrastructure platform that enables financial institutions to offer modern payment solutions to their end users, today announced that Steve Vickers, formerly COO of Paysend and CEO of Thunes, has been appointed Chief Executive Officer and will join the company’s Board of Directors.

Non-bank lenders that depend on banks for a significant portion of their borrowings are now turning to other more expensive options for funds, including deposits and bonds

R Dinesh, President of CII emphasised big-ticket reforms and broad consensus amongst the centre and the states to make the sea-change. Speaking with CII President, he said, "From an industry perspective, let me make four broad points. First and foremost, we are saying that India should have growth and it should be inclusive growth, which is very important for us, both from an industry perspective and also from the countrys economic growth perspective."