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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Askari Bank selectsFinastra’s trade finance solution.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
ProfitStarsReaches 500 Bank and Credit Union Customers for Commercial Lending Solution.
Around the web
PYMNTS interviewsBento for Business Co-Founder and CEO Farhan Ahmad.
OnPay partners with Xero to bring back-office services to the agricultural industry.
Innov8tif selectsID R&D’sPassive Facial Liveness for remote customer onboarding.
LoanScorecard to power new QuickQual loan solution from Angel Oak.
ACI Worldwide to help Massachusetts-based Nichols College enhance its payment processes.
Revolutbolsters executive ranks with appointment of new treasurer, deputy Chief Financial Officer, and director of financial crime risk.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Nvstrearns a spot in the Financial Venture Studio’s incoming cohort.
CREALOGIXintroduces new Chief Financial Officer Daniel Bader.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
A handful of Finovate alums were among those earning top honors at the second annual PayTech Awards earlier this month. In categories ranging from e-commerce to real-time payments, four Finovate alums won commendations for their contributions to “excellence and innovation in the payments industry.” Another trio of alums took home “Highly Commended” runner’s up recognition.
We’ve listed those honored alums below along with the categories they competed in and a link to their most recent Finovate/FinDEVr conference demo video.
The PayTech Awards consists of three categories: Judged Awards, Leadership Awards, and Ovum Payments Innovation Awards. In addition to those alums that won their categories – or earned Highly Commended honors – a few Finovate/FinDEVr alums were also short-listed ahead of the final votes. These companies – along with their category and most recent Finovate/FinDEVr video – are below:
Entrepreneur.com featuresXero in its round up of solutions to help companies better control their business expenses.
SaaS banking engine Mambuinks deal with its first Brazilian client, Acesso.
Worldpay to deployUP eCommerce Payments solution from ACI Worldwide as part of new international partnership.
Czech Republic’s Twistoannounces plans to expand to Poland this fall, with expansion to Romania to follow.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.
Middle East and Northern Africa
RISQTeams Up with Aion Digital to Boost SME Lending in MENA.
ACI Worldwideteams up with Egyptian Banks Company, which will leverage ACI’s UP Retail Payments solution.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has begun issuing digital banking licenses.
Central and Southern Asia
Bangalore-based neobank for workers NiYO raises $35 million in new funding.
WebMoney Transfer goes live with its WMY wallet in Uzbekistan.
India’s Recko, a company that provides AI-powered digital transaction reconciliation, picks up $1 million in seed capital.
Swiss payments technology company BPC opens offices in Pakistan.
Nikkei Asian Review highlightsVymo and its entrance to the Japanese market.
Latin America and the Caribbean
Jumio to power digital identity for Brazil-based BTG Pactual.
Mexico’s Sr.Pago announces partnership with American Express.
Mastercard Brazil partners with Airfox and banQi to bring lower-cost banking options to Brazilian customers.
Asia-Pacific
Bank of Thailand implements SimCorp Dimension to manage its reserve management and monetary policy operations.
Vietnam’s central bank warns against fraud in the P2P lending market.
Regulators in the Philippines introduce new rules governing crowdfunding.
Sub-Saharan Africa
Temenos to power digital transformation for Rwanda’s Bank of Kigali. The company will also replace core and front office legacy systems for South African microfinancier Barko
Ghana to launch universal QR code payment method later this year.
Mobile payments startup OPay raises $50 million in funding in round led by Sequoia China, IDG Capital, and Source Code Capital.
Central and Eastern Europe
Settlelaunches its mobile payments app in Croatia.
Czech-based fintech developer Turing Technology closes second round of funding.
Slovenia’s Telekom Slovenije introduces its mobile wallet.
Temenos to power digital transformation for Rwanda’s Bank of Kigali.
BuiltIn featuresHooYu in its look at how AI is changing the banking industry.
ACI Worldwideteams up with Egyptian Banks Company, which will leverage ACI’s UP Retail Payments solution.
Entrepreneur magazine names Lendio Franchising as a Top 100 Franchise for Less Than $50,000 in 2019 and as the Best Financial Services Franchise Brand for the second year in a row.
Yseoprecognized as a representative vendor in Gartner’s first Market Guide for Natural Language Generation Platforms.
Saga selectsFIS to deploy its Integrity SaaS solution.
iSignthislaunches third European office in Gzira, Malta.
In June Personal Capital surpasses $10 billion in assets under management, an increase of more than $2 billion since Q4 2018.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.
Central and Southern Asia
ACI Worldwideinvests in Mumbai, India-based payments innovator, Mindgate Solutions.
Pakistan’s Bank of Khyber to deploy new core banking system from Temenos.
Infosysearns recognition as a ‘leader’ in the IDC MarketSpace: Worldwide IT Service Management (ITSM) Implementation Services 2019 Vendor Assessment.
Latin America and the Caribbean
Brazilian fintech Creditas picks up $200 million investment from Japan’s Softbank, boosting the company’s valuation to $700 million.
Crowdfund Insider reveals the 3 Biggest Fintech Trends Shaping Latin America.
Amero-Isatek to open its first brick and mortar cryptocurrency exchange in Mexico’s Nuevo Leon, Monterrey.
Asia-Pacific
Splititpartners with EFTPay to bring installment payments to merchants in Hong Kong and Macau.
Vietnam’s MSB (Maritime Bank) picks SunTec for its customer centricity system.
Morocco-based BMCE Bank of Africa to leverage technology from Temenos to drive new corporate banking and trade finance operation in China.
Sub-Saharan Africa
Global Finance investigates the rise of Africa’s entrepreneurial class in the private banking industry.
Finextra looks at three reasons why fintech is driving change in Africa.
Standard Bank introduces new Mastercard-powered ditital trade solution, SimplyBlu, for SMEs in South Africa.
Central and Eastern Europe
Wallet, the PFM app from Prague-based fintech BudgetBakers, earns license from Czech National Bank to join the bank’s APIs.
New lending platform for “multi-credit” services, Omnicredit, goes live in Romania.
Global Finance interviews Alexey Krgulov, Acting Director of Digital Business Platform with Sberbank.
Middle East and Northern Africa
Turkey’s Isbank partners with Russian PSP Yandex.Checkout to support e-commerce between the two companies.
Disrupt Africa features MerQ, an Egyptian startup that leverages AI to promote financial literacy.
AMEinfo publishes its report on banking and fintech in the Middle East and Africa.
ACI Worldwidemakes strategic investment in Indian digital payments company Mindgate Solutions.
Currencycloud and VISAforge partnership to fuel innovation in cross-border and travel payments.
Trulioopartners with Refinitiv to improve access to digital identity solutions.
German open digital identity scheme yes.com to integrate into Signicat’sDigital Identity Platform.
Splititappoints former Intuit and PayPal Exec to lead North American operations.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Fundopolis Turns toAlphaPoint for Tokenization Initiative.
Around the web
Mastercardpartners with Samsung Electronics to develop mobile digital verification solutions.
YellowDogappoints James Stevens as its new Chief Commercial Officer.
Chile’s largest acquirer Transbank to deployUP Retail Payments solution from ACI Worldwide.
ThetaRayadds Steve Mann as Chief Marketing Officer.
Spectrum Equity closes sale of Ethoca to Mastercard.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.
Asia-Pacific
Singapore-based financial supermarket GoBear scoops up $80 million in new funding.
Wiprobuilds prototype for central bank digital currency project in Thailand.
Chinese fintech Pintec Technology opens international headquarters in Singapore.
Sub-Saharan Africa
Chipper Cash, an African cross-border payment startup, raiseded $2.4 million in funding – including a contribution from football Hall of Famer Joe Montana’s Liquid 2 Ventures.
Central Bank of Kenya and the Monetary Authority of Singapore to launch the first Afro-Asia Fintech Festival.
Remoney winsInnovation in Lending award at the Nigerian Fintech Awards.
Insuritas and Tower Hill Specialty partner to bring Tower Hill’s property products to market through Insuritas’ bank partner network.
NIIT Technologiespartners with Blue Chip to bring its wealth management application to Blue Chip’s IBM POWER.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
