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Ant Financial Could Pursue Digital Banking License In Singapore

PYMNTS

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. It also owns the world’s biggest money market fund, Yu’e Bao, and a credit-rating system called Sesame Credit. billion) in capital and local control. billion ($1.1

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Canadian Fintech Market Map

CB Insights

The 2019 Canadian fintech market map. The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Navigating the Canadian fintech market map. Data is as of 10/8/2019.

Fintech 93
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Freelancer Banking App Lili Nets $15M For Expansion

PYMNTS

All-in-one banking app Lili , which is typically used for freelancers, has raised $15 million in a funding round, a press release says, bringing its total raised to $25 million. The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says.

Capital 170
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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. He also cited “banks’ aversion to taking on risk and fraud” in a proactive manner that leads them to create and promote new card offerings.

System 258
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Fundbox, Tipalti Tip The B2B Payments VC Scales

PYMNTS

A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. BankiFi operates APIs to enable banking clients access to a range of business banking infrastructure to augment their own small business and corporate banking operations. said this week. ZenBusiness.

Payments 149
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Fintech Deals to Watch: Back to School

Gonzobanker

Digital Engagement Had Great Attendance and Extracurriculars. Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B.

Fintech 182
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Virtual cash management: A catalyst for new business models for European transaction banks

Accenture

European banks are in the midst of a ‘perfect storm’ of negative interest rates, regulatory pressures and market disruption, and are in search of new sources of value. The solution of choice for each bank must be qualified based on the specific characteristics of its client segments and local market considerations.