Denmark is planning to use a cryptocurrency to provide humanitarian assistance, the first such instance of a donor state using blockchain technology for humanitarian efforts. To this end, a report …
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Kenyan group in talks with Ethiopian banks on mobile payments
Equity Group Holdings Ltd.’s FinTech Unit is in discussions with six Ethiopian banks to collaborate on cross-border mobile payments and e-commerce. The company, acting via its wholly-owned subsidiary Finserve Africa …
Read More »Arab Financial Inclusion Prize encouraging FinTech to help the unbanked
Although there have been many exciting advancements to further financial inclusion in the Arab world in the last 15-20 years, 60% of the adult population in the region’s developing countries …
Read More »Five countries getting rid of cash
Many countries are switching to a digital economy as a way to better fight shadow businesses and crime, increase control over flows of money and reduce the responsibilities that come …
Read More »How MyBucks is increasing financial inclusion among Africa’s unbanked
There is a large unbanked population in Africa that does not use formal banks or semiformal microfinance institutions. This has provided an opportunity for MyBucks to step in and fill …
Read More »FinTech is making financing more accessible
Investments in underfunded space, especially for SME lending, are important for increasing financial inclusion. And managing director of Creditease’s FinTech Value Chain Fund, Anju Patwardhan, understands this. For that reason, …
Read More »UK regulator proposes new rules on crowdfunding
The United Kingdom (UK)’s Financial Conduct Authority (FCA) has unveiled some new proposed measures following a post-implementation review of its crowdfunding rules. The FCA says it has observed “some poor …
Read More »Open banking is uberizing Ukraine’s financial services
The era of open banking has come, and it is already starting to change the rules of the game for financial institutions around the world. As this trend continues, it …
Read More »Russia expecting an uberized mortgage market
As Russian financial institutions increasingly offer consumers more and more mobile services, the process of obtaining a mortgage will also become faster and less stressful. In fact some, including Deputy …
Read More »Online marketplace for financial services to open in Russia
We live in a world where startups are emerging everywhere thanks to the idea of aggregated information. For example, to buy a car, you no longer have to go from …
Read More »Bank of England to open new blockchain-based payment system
The Bank of England is conducting a full review of its interbank payment system, including studying the possibility of transitioning to an updated version of the real-time gross settlement service …
Read More »Russian bank launches app to teach children about finances
Russia’s Post Bank has introduced a mobile app for children aged 8-14 as a way of teaching them how to make educated financial decisions. The app allows the children to …
Read More »POPin Video Banking and MEA announce collaboration
US-based POPin Video Banking has teamed with mobile firm MEA Financial Enterprises to integrate the POPin platform into MEA’s Android and iOS digital banking applications. According to POPin, the partnership …
Read More »Digital banks provide better service than traditional ones
According to FIS, British digital banks outperform traditional ones when it comes to overall customer satisfaction. In a survey of more than 1,000 customers, 76% of digital bank customers said …
Read More »Beware of biometric identification systems
Biometric identification is gaining in popularity in Russia. In the near future in fact, it is expected that customers of Russian financial institution will be able to open an account …
Read More »Google adds messaging to its Tez payment app in India
Google is adding a chat feature to its Tez payment app in India, allowing users to directly communicate via the app itself. Google launched Tez last year and claims to …
Read More »Corporate banking in Russia heading towards the digital
Much attention has been given to the fact that Russia is considered as a top 5 country in terms of digital banking in Europe. Until now, however, most of this …
Read More »Citi app now open to non-Citi customers in bid to grow digital presence
Citi bank has updated its mobile app for iPhone with several features as part of the bank’s effort to be a nationwide digital bank. Perhaps the largest change is that …
Read More »Berlin-based online bank to use Bitcoins to issue loans worldwide
The Berlin-based peer-to-peer (P2P) lending platform Bitbond will soon allow its customers to receive loans in bitcoins and other cryptocurrencies around the world. This will help the company bypass the …
Read More »Amazon partners with Bank of America for lend-tech leap
Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program …
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