Hong Kong’s fintech industry booms as consumers turn to mobile solutions
In Hong Kong the fintech industry is dynamic and fast-growing, both in terms of innovation and fundraising, with funding targeting new economy stocks.
Australia to be 98% cashless by 2024: FIS report
The sun is officially setting on the use of cash for retail payments in Australia, with the economy projected to be 98% cashless by 2024.
Temenos to boost digital banking services for Ireland’s Croí Laighean CU
Temenos today announced that Ireland’s Croí Laighean Credit Union has selected its Software-as-a-Service for boosting its digital banking services.
ACI Worldwide and InComm Payments partner to digitize cash payments
ACI Worldwide and InComm Payments announced a partnership that will digitize cash payments through the use of a barcode payment token.
UK’s biggest lenders to unveil plans for ‘open banking’ rollout
Britain’s biggest lenders will this week unveil proposals for a not-for-profit company to oversee the industry’s attempt to bolster competition.
TrueNorth partners with Mambu
TrueNorth, a global fintech software development company, have announced a partnership with Mambu, a SaaS banking platform which empowers tech-forward financial institutions to design and service nearly any financial product. This partnership creates a cost-effective way for regional banks, credit unions and community banks to integrate with a leading cloud-native, modern core processor. The TrueNorth/Mambu venture is well-timed as COVID-19 signaled the accelerated need for digital technologies at small and medium-size financial institutions, many of whom may have found themselves priced-out of upgrading their technologies and customer experience. Johanna Pugh, Managing Director, North America at Mambu states, “This is a true partnership that helps deliver market changing technology to US-based […]
UK fintech review lays out a plan to supercharge the industry
A £1bn growth fund, changes to visas and new listing regulations are among the recommendations to grow the UK fintech sector.
India attracted $2.7 billion in fintech investment in 2020: KPMG
‘Payments remained the hottest area of investment, followed by insurtech and wealthtech’ India attracted $2.7 billion in fintech investment in 2020, the second-highest amount ever after 2019’s record $3.5 billion, according to the Pulse of Fintech H2’20, a bi-annual report on global fintech investment trends published by KPMG. While the majority of fintech investment was seen early on in the year, merchant platform Pine Labs and Razorpay each raised $100 million in H2 2020. “Payments remained the hottest area of investment, followed by insurtech and wealthtech,” says the report. Fintech investors also adjusted their strategies in the second half of the year, shifting focus more to profitability. Investors moved away […]
