Growing competition from established technology companies (BigTech) and financial technology (FinTech) could adversely affect the profitability of financial institutions and can pressure them to take on more risks to retain their margins, a report by Financial Stability Board said.
The...
A study called the Global Islamic Fintech Report recently revealed expectations for such companies in the coming year, said Salaam Gateway. The research eyes P2P crowdfunding and challenger banking as two of the contributing sectors for such fintech in...
Various alternatives to traditional money and mode of payments have been popping up in recent years. Cryptocurrencies come to mind when thinking about alternative options for transactions. With this option available to investors in the past years, what does...
Taiwan’s Financial Supervisory Commission (FSC) signed on a financial technology deal last week, July 9, 2019, with France’s Autorite de Control Prudentiel et de Resolution (ACPR). The agreement followed through after pushing the decision to support innovative pursuits was...
In a bid to facilitate faster payments in crypto trading, Sygnum Bank, the world’s first digital asset bank, announced Monday the launch of its digital Swiss Franc token, labelled DCHF.
In a press release, the company described the latest digital...
Malaysian software firm Silverlake is collaborating with Japanese financial technology company Money Design to develop an AI-powered robo-advisor, says FintechNews Malaysia. MYTHEO, the AI advising service, will be released by the two companies’ joint-venture organization called GAX MD Sdn....
Fintech company Fingopay has selected Manchester as the first city to enjoy its revolutionary payment system, says Invest in Manchester. To be globally launched in the summer of 2019, the service will be available in select hospitality and recreational...
Investment and wealth management fintech firm JHC System announced on Monday, July 15, it will be partnering with Dutch-based fintech company Ortec Finance to optimize its digital wealth platform.
According to a report from Institutional Asset Manager, Ortec Finance will...
The University of the Philippines has officially signed a memorandum of agreement with PayMaya, an online payment account and the fintech arm of Philippine Long Distance Telephone Company (PLDT), to provide cashless solutions for students and staff at the...
Fintech companies were mostly responsible for the boom in the unsecured personal loan market, which surged by 17% year over year to reach a record high of $138 billion last year, revealed by a report by TransUnion.
In 2018, fintechs...
