FinTech

Oct
30

London FinTech TrueLayer partners with Visa

London API provider TrueLayer is collaborating with Visa, which now has a minority stake in the FinTech as part of a $35 million Series C funding round in June, outlets reported on Tuesday (Oct. 29). The funding round was led by Temasek and Tencent with participation from previous investors Northzone and Anthemis. The investment helped […]

By Reposted by International FinTech | FinTech
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Oct
28

Iraqi company and Lebanese fintech launch the first digital-only payment card ‘Neo’ in Iraq

Iraq-based International Network for Cards and Digital Payment Services (INC Iraq) and a Lebanese fintech startup NymCard that is digitizing how payments cards are issued, delivered, and used, in collaboration with Visa have launched the first digital-only (prepaid) payment card ‘Neo‘ in Iraq to serve the underbanked Iraqi population, the two companies announced in a […]

By Reposted by International FinTech | FinTech . Payments
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Oct
28

FinTech will lead India’s financial formalisation

The Indian FinTech market has scaled great heights in the past few years, both in terms of funding and adoption of emerging financial services solutions. India ranked 2nd globally in FinTech adoption with the percentage of users reaching 57.9%. Deloitte has already pegged FinTech as one of the fastest-growing sectors due to increasing number of […]

By Reposted by International FinTech | FinTech
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Oct
28

ID Finance secures £1.5m within minutes on Crowdcube

ID Finance, the fintech company operating in Europe and Latin America, has raised over £1.5m crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors. The data science, credit scoring and digital finance company has a crowdfunding target of £2m and is inviting interested parties to invest at https://www.crowdcube.com/idfinance. […]

By Reposted by International FinTech | FinTech . Investing
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Oct
28

Hungarian Central Bank reveals Fintech strategy to foster financial innovation

The central bank of Hungary, the MNB, has just published its first strategy on fintech. The plans aim to bring greater digitization to the domestic financial sector in the country. The report, titled ‘Financial Innovation and Stability,’ is the product of central bank collaboration with Hungarian companies working in the fintech industry. It is comprised […]

By Reposted by International FinTech | Banking . FinTech
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Oct
28

Tron partners with Fintech firm Simplex

Tron, the blockchain-based decentralized platform, has announced a new partnership with the provider of fraudless crypto payment firm Simplex. The announcement on Tron was made on twitter. Simplex acknowledged that it will enable TRX’s purchase with credit cards on its platform. Simplex is a fintech firm that acts as a credit card processor in the […]

By Reposted by International FinTech | FinTech . Payments
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Oct
28

Softbank pumps £510m into finance firm Greensill that could kill off payday lenders

Japanese conglomerate Softbank is set to inject another £510million into British online finance firm Greensill as part of plan to launch a new service that aims to wipe out controversial payday loans. City sources said Greensill, set up by former Morgan Stanley banker Lex Greensill, is in advanced talks to buy FreeUp, a technology company […]

By Reposted by International FinTech | FinTech . Investing . Lending . Payments
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Oct
28

China passes cryptography law as it gears up for digital currency

China’s largely rubber stamp parliament has passed a new law on cryptography as the country gears up to launch its own digital currency, state media reported at the weekend. China’s central bank set up a research team in 2014 to explore launching its own digital currency to cut the costs of circulating traditional paper money […]

By Reposted by International FinTech | Currency . FinTech
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