Temenos a leader in Gartner’s Magic Quadrant
For the 8th consecutive time Temenos recognized as a Leader in the Gartner Magic Quadrant for Global Retail Core Banking 2017. Temenos, the software specialist for banking and finance, announced that industry analyst firm Gartner, Inc., has positioned Temenos as a Leader for the eighth consecutive time in the 2017 report ‘Magic Quadrant for Global Retail Core Banking’ (GRCB). This report assessed 11 vendors based on the multicurrency products they offer in support of a bank’s financial transaction management in the retail banking market. Temenos is positioned furthest for completeness of vision based on the company’s market understanding, sales strategy, product strategy, vertical/industry strategy, geographic strategy and innovation evidenced through […]
GO-PAY driving the cashless society in the largest southeast Asia population
GO-PAY powered by GO-JEK proved itself as one of the leading e-wallets in Indonesia, the largest Southeast Asia country, as it has just recently received an Award from the Central Bank of Indonesia in Jakarta. GO-PAY won the award for its success in promoting cashless society, financial inclusion and small-medium enterprise (SME) empowerment. The award was handed over by the Governor of Bank Indonesia Agus D.W. Martowardojo. GO-JEK is the first unicorn startup in Indonesia. Through the Bank’s official media release, Agus Martowardojo stated that the awards reflect the synergy between Bank Indonesia, Indonesia’s Financial Services Authority (OJK), and Deposit Insurance Corporation (LPS), to facilitate the acceleration of economic growth […]
FINTQ expands digital partnerships to become biggest fintech firm in Philippines
FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations, on Thursday announced a string of new digital partnerships with banks and non-banking institutions for a variety of financial technology products and services, making it the biggest fintech firm operating in the Philippines today. Among its newly signed partners for Lendr, its pioneering and award-winning digital lending platform, include the Development Bank of the Philippines, EastWest Bank, the Philippine Bank of Communications, Philippine Veterans Bank, Cebuana Lhuillier Bank, Insular Bank, Philippine Business Bank, Card Bank Inc., Card SME Bank Inc., Rizal Bank Inc., Radiowealth Finance Company, Asialink Finance Corporation, Filidian Rural Bank, JK Capital, Esquire Financing, Algo Leasing, FINEX, […]
Praise the lord: Pushpay shares rise after $33m placement
Pushpay, an ASX-listed fintech seeking to convert United States church goers to donating via their mobile phones, has raised $US25 million ($33 million) in an oversubscribed placement as it targets a doubling of revenue next year. Fifteen new institutional investors in Australia and New Zealand, where Pushpay is also listed, backed the private placement at $NZ1.51 per share, 26 per cent below the price when it raised $54 million ahead of its ASX float last October. The latest fundraising was managed and underwritten by Deutsche Craigs and Ord Minnett and initially reported by Street Talk. When the Seattle-based company resumed trading on the ASX on Thursday, shares rose 6.9 per […]
UK fintech start-up Revolut raises $66 million, adds bitcoin
The “global banking alternative” Revolut has raised $66 million in a fund-raising round, the start-up said on Wednesday, in the latest sign that London is so far weathering Brexit to remain a global financial-technology center. Led by Europe- and San Francisco-based venture capital fund Index Ventures, the fund-raising round was one of the biggest ever Series B rounds in Europe. It should provide some comfort to the British capitol as it jostles to hold onto its reputation as Europe’s leading hub for the nascent fintech sector. The investment dwarfs the 19.5 million pounds ($25 million) raised by London-based rival Monzo in its Series B round earlier this year. Revolut, which […]
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank’s commercial lending arm, as the personal finance management platform looks to develop its technology and launch more products. The International Finance Corp (IFC), as the World Bank unit is called, said it had agreed to invest $15 million in the firm. The other investors include Alibaba Entrepreneurs Fund, a not-for-profit fund launched by Chinese e-commerce giant Alibaba Group, and Japan’s SBI Group. Existing investors of CompareAsiaGroup, such as Goldman Sachs Investment Partners and private equity firm Ace & Company, also took part in the funding round, the fintech company said without disclosing the […]
London fintech Curve closing in on $10M Series A
Curve, the London fintech startup that offers a platform that lets you consolidate all your bank cards into a single Curve card and manage your money, is on the verge of closing $10 million in Series A funding. According to sources, the round, which could be announced as soon as this week, is being led by Connect Ventures, with participation from Santander Ventures, the venture arm of Spain-headquartered bank Santander Group. A number of other investors from the fintech and banking world are also participating, although I haven’t been able to pin down who they are. It is also not clear if this Series A includes an earlier bridge round […]
Ireland is well placed to ride the fintech wave
It was almost inevitable that Dublin would emerge as the hub of a thriving fintech sector in Ireland. The co-existence along the banks of the Liffey of the well-established International Financial Services Centre (IFSC) and the more youthful “Silicon Docks” with its coterie of world leading born-on-the-internet firms created an ideal breeding ground for the new sector, which merges traditional financial services with the latest advances in social media, data analytics and artificial intelligence technologies. According to the Fintech & Payments Association of Ireland (FPAI), fintech in its broadest sense comprises every area of technology and innovation in the financial services arena, including payments, trading and foreign exchange, big data, […]
