Welcome to Weekly Fintech Insights, your go-to source for the latest developments, trends, and innovations in the fintech world. Each week, we dive into the most pressing topics shaping the future of finance, from cutting-edge technologies like blockchain and AI to evolving regulations and market opportunities. In this edition : TikTok Shop partners with FinTech…
Financial inclusion is critical for building resilience among individuals and businesses. It integrates marginalized populations into the financial system, enabling them to secure financial stability, manage risks and withstand economic shocks. This white paper examines global efforts to promote financial inclusion among individuals and businesses, emphasizing the role of government policies, public–private partnerships and technological…
The Fintech Festival Tanzania 2024 is a premier event in East Africa, bringing together over 5,000 C-suite leaders, 1000+ pre-qualified investors, 200+ speakers, 100+ exhibitors and more key players from the financial technology ecosystem. Scheduled for November 21-22 at the Julius Nyerere International Convention Center in Dar es salaam, Tanzania, the festival offers a platform…
FinTech firm Storfund has announced a new partnership with TikTok Shop that, it says, will introduce the first fully embedded cash flow solution in a major US marketplace. Called Daily Advance, the product will see Storfund, which was founded in London in 2018, advance money to sellers as soon as they ship their goods. The…
The global digital payment market was valued at US$ 8.97 Trillion in 2023 and the figure is expected to increase to US$ 28.16 trillion by 2032, a compound annual growth rate of 13.55% during the year 2024 to 2032. Such factors as internet and mobile phone usage, government policies and incentives, shift in the demand…
Weekly Fintech Insights 6th October – Global Centre for Fintech Innovations Welcome to Weekly Fintech Insights, your go-to source for the latest developments, trends, and innovations in the fintech world. Each week, we dive into the most pressing topics shaping the future of finance, from cutting-edge technologies like blockchain and AI to evolving regulations and…
In a dynamic banking environment, banks are seeking to differentiate themselves and gain a competitive advantage. Generative Artificial Intelligence (GenAI) is transforming the banking sector, providing innovative solutions that optimise efficiency, enhance security, and increase customer satisfaction. As the banking industry increasingly moves towards digitisation, the adoption of advanced AI technologies becomes crucial. GenAI, with…
FNB has been named the best digital bank in South Africa. This is according to Human 8’s latest South African SITEisfaction survey, which evaluates banks’ internet and mobile banking platforms based on user feedback. FNB was named the Best Digital Bank for 2024 with a score of 72.80. Nedbank and Capitec followed closely with scores…
The Financial Services Industry (FSI) is at the forefront of innovation, often leading the way even in highly regulated sectors, said Eric Yeo, country general manager for Amazon Web Services (AWS) Vietnam. Generative AI is a particularly hot topic right now. Many banks such as VPBank and Techcombank, are utilising generative AI to drive innovation…
On 25 September 2024, the Central Bank of Ireland (Central Bank) announced that its first Innovation Sandbox Programme (Programme), which is themed combatting financial crime, is open for applications. The Programme commences in December 2024 and will run for six months. The Central Bank is calling for applications from firms developing a product or service…