How Singapore is primed to build Fintech Talent
Fintech is a burgeoning industry and leveraging it is a step in the right direction for Singapore to become the world’s first “Smart Nation”—a city-state connected and empowered by technology in all facets of everyday life. Last November, the Monetary Authority of Singapore (MAS) informed the country of its commitment to invest in the fintech sector by staging the Fintech Festival in collaboration with The Association of Banks Singapore. This event saw participation from around 50 countries and more than 10,000 participants. It even saw appearances from Microsoft, Paypal, Citi, and other market biggies. Why fintech? There is no dearth of financial startups, especially in the Asian markets of China, […]
eWAY, Australia’s largest payments platform, partners with zipPay
zipMoney Limited is pleased to announce an Australia-first strategic partnership with eWAY, part of US giant Global Payments. eWAY is Australia’s largest online payment gateway and processes more than 25 percent of all eRetail payments. The partnership will see the roll out of the zipPay and zipMoney ‘buy now, pay later’ digital wallets as core offerings for tens of thousands of online retailers in Australia and millions of Australian shoppers. “The two leading names in the Australian online payments and digital wallet space are joining forces to help merchants sell more and sell better,” said Mark Healy COO at eWAY. “eWAY helped pioneer online payments in Australia and remains at […]
Hong Kong news stands to accept cashless payments in bid to boost business
With their numbers dwindling, news vendors will now accept cashless payments from e-wallet firm TNG Wallet. Hong Kong’s half-century-old news stand industry has teamed up with a home-grown electronic wallet firm, hoping to rescue their dwindling business by tapping into the fast growing digital world. From Wednesday, people will be able to buy newspapers and magazines by simply scanning a QR code through TNG Wallet’s mobile application at about 30 stalls in Central and the Western district. The service will be further expanded to 100 operators across 18 districts by the end of April. The move is a step forward for the city’s 400 cash-only news stands, who are struggling […]
Apple Pay to be launched in Taiwan Wednesday
Apple Pay, a mobile payment and digital wallet service provided by Apple Inc., will become available in Taiwan from Wednesday, local banks that are part of the initial launch of the service confirmed Tuesday. After Apply Pay becomes available, consumers in Taiwan will be able to use their iPhones and Apple Watches to make payments when they make purchases at physical stores, on apps and on websites, according to information on the website of the U.S. consumer electronics giant. It said shoppers will simply need to place a finger on the Touch ID sensor and hold the iPhone within an inch of the contactless reader to make a purchase. When […]
Alphavend installs second bitcoin ATM in London
Bitcoin ATM specialist, AlphaVend is pleased to announce the installation of its second London ATM, (the third nationally) strategically situated between Euston and Kings Cross underground stations. The UK’s largest independent high street provider of foreign exchange services will play host to the ATM which is located at the No1 Currency store, 128 Euston Road. Customers can buy the digital currency from the ATM, as well as all availing of the 50+ foreign currencies offered over the counter by No1 Currency. The location of the Euston Road store, which is open 7 days a week, provides a unique business opportunity with annual footfall estimated to be in excess of 6million […]
Incumbents should now be scared of four biggest digital challenger banks
While the disruption of financial services has been going on for a number of years now, the capital banked by four of the most advanced digital challenger banks is hugely significant. Rewind only ten years ago, and if you asked someone on the street to open up their wallet (in a non-threatening way) there’s a pretty good chance it would be filled exclusively with cards from the major high street banks. Back then there was choice, but little to differentiate where you banked your savings, held a credit card or conducted business affairs. We accepted, like we do with energy suppliers, that our banking provider could pretty much dictate terms […]
Fintech startup Quantexa raises $3.3Mn to support international expansion
Quantexa Limited, a FinTech startup, has managed to rake in $3.3 million in a Series A round led by Albion Ventures and HSBC. The company, based in London, uses big data analytics to go head to head against complex financial crime. Its Entity Resolution and Network Analytics software makes use of artificial intelligence and machine learning to gather information from disparate data sets and create insights. Its applications include the following features: – Protection against financial losses and reputational damage with data analytics and entity and network based techniques. – Creation of an integrated, networked view of customers across disparate data sources, in order to support all areas of your […]
Fintech helps Chinese SMEs get loans
Small businesses and individuals in China have long found it hard to get loans, as the country’s government-controlled banks prefer to lend to state-owned enterprises. In particular, those living in poorer and less developed areas may not have easy access to a bank. But financial technology, which includes internet banking and has made banking services accessible as long as one has a mobile phone, has become a game changer, said panelists at a discussion at the Boao Forum for Asia. The annual forum in Hainan, south China, touted as China’s answer to the Asian counterpart to the World Economic Forum in Davos, runs from Thursday to Sunday. Mr Li Dongrong, […]
