Sibos 2022: Food, shelter, water – what does banking have to do with it?
Banks can play a crucial role in lifting people out of poverty.
Financial Inclusion
State Bank of Pakistan stops fintech start-up Tag’s operations
The central bank says it has taken this decision to “protect the interest of the public at large”.
Sibos 2022: “Skyscanner for money” – money as subscription service
In the future, we’ll all have our own “Skyscanner for money” working for us, believes VC Innovations’ Lisa Moyle.
Family-focused financial wellness app Fr33m3n gears up for launch
The app will offer financial literacy programmes such as lectures, tutorials, podcasts and webinars.
Daily News at Sibos 2022
Download your free copy of the Daily News at Sibos publication today!
Banking Technology Magazine October 2022 issue out now
Cover story: INVESTING IN THE FUTURE – Putting money in the right places.
Brazilian payroll-deductible loan fintech Ali raises $25m in Series A round
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
European community fintech 11Onze launches SME banking app
11Onze chair James Sène says SMEs are “the lifeblood of our communities and global economies”.
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
Crypto banking firm Juno lands $18m Series A, launches loyalty token
The funding round, led by ParaFi Capital’s Growth Fund, saw participation from high-profile angel investors.
Arab Jordan Investment Bank taps Codebase for digital onboarding tech
The bank will deploy Codebase’s Digibanc platform.
UAE’s Fintech Galaxy announces new COO and CFO hires
Former Salt Edge CEO and co-founder Dmitrii Barbasura joins as COO while Iaroslav Babenco joins as CFO.
New “hybrid” banking app Dexy gears up for launch in the US
Founded this year and based in Miami, Florida, Dexy is currently waitlisting applicants.
FinovateFall 2022: Q&A with Ripple’s James Wallis on CBDCs, crypto and blockchain
We chat with Ripple’s James Wallis about the rise of CBDCs and the future of blockchain.
New banking and insurance app Onuu goes live in the US
Founded in 2021, Onuu claims to have 600,000 members on its waitlist.
Banking app for “global citizens” Bankkit launches in UK
The app offers overseas bill payment functionality and an integrated current account.
Zopa Bank and ClearScore in bid to strengthen consumer finances by 2025
The initiative will focus on four areas – savings, credit building, debt consolidation and utility marketplaces.
Equity management platform Ledgy raises $22m Series B
Ledgy will use the funding to expand its workforce, boost product development and cement its presence in Europe.
“Care now, pay later”: medical care fintech Scratch raises $35m Series C
Scratch offers a payment model to help patients cover the cost of medical care.
FairMoney taps banking tech vendor Oradian to power next growth phase
Oradian’s account, finance and investment offerings are tailored to the needs of rapidly developing markets.
African crypto exchange Yellow Card lands $40m Series B
The new funding brings the total capital raised by Yellow Card to $57 million.
How coopetition can boost financial inclusion in LatAm
An environment of coopetition between companies can further democratise access to financial services in LatAm.
The importance of card and mobile money interoperability in Africa
For the African fintech revolution to reach its true potential, interoperability needs to be completely borderless.
RBank picks BPC for paytech revamp and financial inclusion drive
Philippines-based Robinsons Bank (RBank) will implement BPC’s SmartVista payments platform.
Southeast Asian financial services group Fazz bags $100m Series C
The funding will be used towards building its business account and expanding across Southeast Asia.
US fintech Kafene lands $18m in Series B funding
The new funding will be used to increase Kafene’s employee headcount and onboard more merchants onto its platform.
US digital bank for migrants Majority lands $37.5m Series B
Majority says it will deploy the new funds towards enhancing its suite of essential services.
Fintech Innovation Challenge looks for fintechs focused on low-income women’s market
Applications for the Fintech Innovation Challenge are open until 15 September 2022.
UK’s Amplifi Capital launches personal loans provider Reevo Money
Reevo Money says its ultimate goal is to help people build their credit rating.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
Colombian fintech start-up Plurall bags $20m debt funding
The debt funding will be complemented by a seed equity round that Plurall is currently raising.
Banking hubs set to open in 13 locations across UK
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
UAE’s Ajman Bank to launch Mastercard ‘touch’ card for visually impaired
The card was co-designed by Idemia, an identity technology solutions provider in the physical and digital space.
Fintech and its impact on the agricultural sector
Fintech can help connect farmers with finance and boost financial inclusion.
Africa fintech funding round-up: Pezesha, Duplo, SubsBase, Grey and Anchor
A handy round-up of the recent funding endeavours of fintech companies across Africa.
Banking Technology Magazine September 2022 issue out now
Cover story: MONEY PUZZLE – Helping US arrivals get on track financially.
Qatar Central Bank issues first digital payment licence
The central bank says the step will lead to the development of the fintech sector and enhance financial inclusion.
Singapore’s Lightnet secures $50m funding to fuel growth
Lightnet aims to “improve the lives of the unbanked and underbanked populations throughout Asia Pacific”.
