News about FINTECH

News about Fintech

FinTechFact - Ethereum Price Update and Trading Volume

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Hong Kong exploring CBDC as part of fintech strategy

A new study from Hong Kong regulators is expected to present initial thoughts and findings on CBDCs during the summer of 2022. On Monday, the Hong Kong Monetary Autho...

Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals

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Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund

Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services s...

West Ham United is partnering with pioneering FinTech company YIELD App

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Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa

The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for altern...

Fintech Firm Centbee Graduates From South African Regulatory Sandbox

Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fint...

Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin

The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion...

ZPAE Solves World Retail Challenges Using FinTech at Sharjah Research Technology and Innovation Park

PRESS RELEASE. Sharjah, September 2021 – The Sharjah Research Technology and Innovation Park (SRTIP) issued its third Distributed Ledger Technologies license (DLT) to ZelaaPayAE. Focusing on numerous areas related to the exchange of value, Zel...

E-Naira Countdown: Nigerian Experts Question Selection of Bitt Inc as Central Bank’s Fintech Partner

Nigerian fintech entrepreneurs have slammed the Central Bank of Nigeria (CBN)’s decision to select Bitt Inc as its fintech partner. They insist that the choice of Bitt Inc, a Barbados based firm, undermines central bank claims that it is &...

Baanx Acquires Stake in Major US Fintech Bank

PRESS RELEASE. Baanx, the fast growing B2B2C “Better than a Banking Platform” specializing in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-mil...

Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research

Nigeria’s securities regulator, the Nigerian Securities and Exchange Commission (SEC) has set up a fintech division “to study crypto investments.” This was revealed by Lamido Yuguda, the director-general of the SEC during...

Nigeria's securities regulator establishes fintech unit to study crypto

With much of the Nigerian crypto market underground or peer-to-peer due to government restrictions, the country’s securities regulator is looking into ways to make investors safer....

Central Bank of Nigeria Selects Barbados-Based Fintech Firm as Technical Partner for CBDC Project

The Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is expected to use its “technological competence and implementation e...

Nigeria's central bank partners with fintech firm Bitt Inc for CBDC rollout

The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April. Barbados-based fintech firm Bitt Inc will...

Standard Chartered launches blockchain trade platorm with Chinese fintech

The joint venture operating the new blockchain-powered platform will be headquartered in Singapore and led by SC Ventures' Amelia Ng as CEO. United Kingdom-based multi...

Standard Chartered launches blockchain trade platform with Chinese fintech

The joint venture operating the new blockchain-powered platform will be headquartered in Singapore and led by SC Ventures’ Amelia Ng as CEO. United Kingdom-based multi...

Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations

The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of te...

Fintech company Leonteq expands crypto offering in Europe

Swiss-based financial firm Leonteq have launched an investment suite of 18 crypto assets with an inherent focus on institutional investors throughout Germany and Austria....

Fintech company Leonteq expands crypto offerings in Europe

Switzerland-based financial firm Leonteq has launched an investment suite of 18 crypto assets with an inherent focus on institutional investors throughout Germany and Austria....

Square to acquire Australian fintech Afterpay in $29B deal

Square will acquire Australian fintech firm Afterpay in a $29-billion stock deal, expecting to close the transaction in Q1 2022. Jack Dorsey’s cryptocurrency-friendly...

Visa to acquire cross-border payments fintech Currencycloud

The lines between traditional payments networks and fintech continue to blur with Visa’s acquisition of the London-based firm. Visa officially announced on Thursday th...

Africa Fintech Start-up Growth: Nigeria Dominates in ‘Big Three’ Markets

According to the findings of the latest study by Disrupt Africa, the number of fintech start-ups based on the African continent grew to 576 in 2021. This figure represents a 17.3% jump from the 491 start-ups that were operating on the continent in 20...

Report: Fintech’s Growing Popularity a Threat to Profitability of Nigerian Banks

Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the country’s Coronation Merchant Bank (CMB) have warned. The Efficiency of Fintech As a report carried b...

Robinhood: The $30 Billion Cockroach Of Fintech

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