Former Diamond Bank CEO launches Nigerian start-up Sparkle
Sparkle already has a banking license from Nigeria’s central bank.
Sparkle already has a banking license from Nigeria’s central bank.
Luminor has been working on centralising its IT systems.
Sellers can avoid the 3.9% international transaction fee.
The old system has been in place since the early 2000s.
The Islamic finance industry is set to grow to $3.8tn by 2022.
Both firms want to speed up access to credit for SMEs.
Users can now send money with just a phone number.
Crown Commercial Services adds another open banking partner.
H4 claims that documentation in capital markets is ripe for change.
The vendor is aiming to push its SmartEcosystem platform.
The challenger is working with solarisBank and Visa.
Up to 12 winners will be selected to receive in prize money.
German regulator alleges Wirecard gave “misleading signals” for its stock market price.
Both regions want to boost their statuses as financial technology hubs.
A go-live is expected in May 2021.
We focus on one particular coronavirus news item affecting the fintech industry.
The acquirer wants to boost revenues by 25%.
The Dubai-based innovation centre plans for Series A injections to come.
But the regulator is not considering a national bank charter for fintechs.
The acquisition is expected to close in Q4 2020.
All three co-founders have taken exit options from Aviva’s investment.
RBI has made an initial seed contribution of $33 million (RS 250 crore).
The fintech is sharia-compliant and follows AAOIFI rules on gold.
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
The metrics will inform credit risk scoring and customer marketing.
The payment scheme is planning to enable QR payments for more customers.
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The fintech’s sandbox is regulated by the FCA.
New York-based cloud communications firm Cloud9 Technologies has raised $17.5 million is a Series B funding round.
Lawyers have said that the firm’s actions can be read as unlawful.
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
The two firms have worked together since 2011.
The fintech says it will donate “at least” 10% of its revenue to charity.
Chunghwa Telecom owns a 41.9% stake in Next Bank.
The announcement is part of the bank’s strategic expansion into the Asia Pacific region.
German bank will launch co-branded accounts using SIA platform.
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Belgian bank looking to improve contact centres with Worldline system.
The redundancies account for roughly 8% of the start-up’s workforce.