Strike and payments giant Fiserv have rolled out Lightning Network integration to enable crypto payments on Fiserv’s point-of-sale solution Clover. Clover Pilot Will Test Lightning Speed and Settlemen...
Tag: Fintechs
Blockchain ranks as the 5th most sought-after tech among China’s fintechs
Despite China’s frosty relationship with the cryptocurrency space, businesses in the country are increasingly embracing the underlying technology in the industry. In particular, blockchain has emerge...
Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study
– Advertisement – As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study finding...
Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study – Fintech Bitcoin News
As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-se...
Crypto Winter Won’t Freeze Fintech’s Interest
Despite the downturn, interest in and demand for crypto as a long-term investment is still very much alive A survey M1 conducted of over 1,000 retail crypto investors in September 2022 showed the majo...
US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round – Fintech Bitcoin News
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer...
Five of the top 10 most influential fintechs of 2022 are crypto companies
The expansion in the financial technology industry is sweeping the globe like a tidal wave, bringing with it digital payment wallets, investment platforms, and cryptocurrency exchanges. Notably, five...
India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks
The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in ...
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported on Se...
Congress Should Give Fintechs Access To Fed’s Settlement Services
Future of financial technology concept businessman selecting fintech word getty Last week, the Federal Reserve released new guidelines for providing access to its master accounts and payment services,...
Bank Behind Fintech’s Rise Reels in Billions in Pandemic’s Wake
(Bloomberg) — One of the fastest growing banks in the US is on a mission to rewire the industry. It has also touched some nerves. Most Read from Bloomberg Cross River Bank began turning heads ac...
Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start – Africa Bitcoin News
In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has...
Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs – Regulation Bitcoin News
In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigeri...
IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks – Emerging Markets Bitcoin News
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. Th...
Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function – Emerging Markets Bitcoin News
The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial instit...
Starling Bank Boss Attacks Crypto Despite Fintech’s ‘Crypto-Friendly’ Status
Anne Boden is more than skeptical about crypto, as she criticizes their use worldwide. The Goldman Sachs-backed digital bank’s CEO has gone head-on against cryptocurrencies, warning users to refrain f...
Fintechs delay IPO plans, focus on profitability amid recession fears
Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment. Elena Noviello | Moment | Getty Images AMSTERDAM — Financi...
Rival fintechs Revolut and Wise are still recruiting
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Not all fintech unicorns are cutting jobs. After Klarna announced plans to lay off 10% of its w...
‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’ – Interview Bitcoin News
The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startu...
More fintechs follow Wise’s lead in suspending transfers to Russia
advertisement Remittance fintechs Zepz (previously known as WorldRemit), TransferGo and Remitly have suspended their services to Russia amidst its invasion of Ukraine. The news follows money transfer ...
How London’s historic docklands paved the way for fintech’s future
London dockland workers standing on the stones. “Standing on the stones” was the phrase to describe the last resort of the many desperate, hungry, unemployed London workers in the late nineteenth/earl...