In response to the rise of embedded finance, some of Silicon Valley’s most powerful financial tech upstarts got together for a recent panel discussion at TC Disrupt to discuss the future of this transformative new technology. Hosted by TechCrunch’s Sr. Editor, Yen-Rong Wu, Panelists Alloy, Synctera and Unit each weighed in with their analysis of… Continue reading Alloy Synctera
Category: financial
Reliance spin-off Jio Financial Services slides 5% on market debut
Shares of Jio Financial Services Ltd, the recently spun-off arm of tycoon Mukesh Ambani-led Reliance Industries Ltd, dropped over 5 per cent in its market debut on NSE on Wednesday. Jio Financial Services, promoted by RIL’s subsidiary Reliance Retail Ventures Ltd, saw its scrips open at Rs 383.5, slightly lower than its issue price of… Continue reading Reliance spin-off Jio Financial Services slides 5% on market debut
Mastercard purchase
Mastercard, one of the world’s leading payments companies, has announced that it will acquire a minority stake in MTN Group’s financial technology business, MTN Fintech, in a $5.2 billion deal. The transaction, which is expected to close later this year, is part of an ongoing effort by MTN Group to monetise its fintech investments. The… Continue reading Mastercard purchase
Disrupt is around the corner — Here are the fintech players taking the stage
The FinTech industry is making waves all around the world, revolutionizing the way we use and manage funds. As technologies become more advanced and regulations become more sophisticated, traditional banking is no longer fulfilling the needs of many customers. Companies like SoFi, Ocrolus, and GreenSky have emerged to offer services that are faster, more secure,… Continue reading Disrupt is around the corner — Here are the fintech players taking the stage
Unveiling the winning formula: How B2C fintechs conquer customer acquisition
As the world of digital banking and financial technology ( FinTech) continues to evolve, we are seeing a growing number of business-to-consumer (B2C) FinTechs that offer innovative financial services to their customers. These FinTechs are leveraging technology to create customer experiences that are superior to those of traditional banks. With this transformation of the financial… Continue reading Unveiling the winning formula: How B2C fintechs conquer customer acquisition
Financial sells
One of the largest digital payment companies in India, Paytm, recently got some important news. Ant Financial, a major stakeholder in Paytm, has sold its massive stake worth $628 million to Paytm’s founder, Vijay Shekhar Sharma, in a no-cash deal. This news comes after Ant Financial increased its stake in Paytm last year in January… Continue reading Financial sells
Will the Law Commission’s digital assets final report make the UK a DeFi jurisdiction of choice?
The DeFi world is undoubtedly changing the way users interact with financial services. Now, more than ever, the possibilities for novel approaches to financial services and investments are opening up. But with this potential comes risk. That’s why it’s so important that governments step in to create a legal framework for DeFi services. This is… Continue reading Will the Law Commission’s digital assets final report make the UK a DeFi jurisdiction of choice?
Emtech advance
In a move to enhance its regulatory technology (Regtech) and Central Bank Digital Currency (CBDC) stack solutions, Emtech has now secured a $4 Million funding round led by Matrix Partners India. Matrix Partners India is one of the country’s most established venture capital firms and has previously invested in companies including ed-tech firm BYJU’S, budget… Continue reading Emtech advance
Kenya suspends Worldcoin scans over security, privacy and financial concerns
Kenya has suspended Worldcoin scans due to security, privacy and financial concerns. Worldcoin is a digital currency that is similar to Bitcoin, but allows its users to scan the coins for purchase or sale and to send or receive payment without the need for a traditional banking account. Kenya’s Central Bank has recently taken this… Continue reading Kenya suspends Worldcoin scans over security, privacy and financial concerns
Bloom Money raises £1M to digitize finance for ethnic communities
The power of fintech has been making waves in the financial market for quite some time now, and one startup is taking it to the next level by raising £1M to digitize finance for ethnic communities. Bloom Money, a UK-based fintech startup, has announced that it has secured £1M in a seed round backed by… Continue reading Bloom Money raises £1M to digitize finance for ethnic communities