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Singapore Provides ‘Springboard’ To Asian Markets For FinTech

PYMNTS

Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching $983.6 Hong Kong, by comparison, saw $596.8 million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016. million that year.

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The rise of Monzo, Revolut, and Starling and a comparison of Facebook and Whatsapp

Lex Sokolin

The results say more about consumer Fintech investing than about any company in particular. Next came the arithmetic of how much these companies raised, and how together they have 15 million users and $10 billion of European Fintech unicorn enterprise value. Grab the financial model we built for this analysis here.

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Making the Instant Payment Decision

South State Correspondent

Doesn’t every business want to reduce the operating cost of reconciling their AP and AR positions? Because instant payments operate over a trusted network and are end-to-end, money movement and messaging take place over a closed system. Being able to build operating balances is the main driver for most banks.

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Credit Unions Innovate, But Stay Competitive With Credit Cards

PYMNTS

Tried-and-true credit unions (CUs) have managed to keep pace with commercial banks, FinTechs and other financial institutions. According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. In comparison, 89.8

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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

The Comparison of Risk. One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. Instantly, the cash flow for those businesses that many community banks lent to is impacted. However, that still does not put all risks on a level playing field.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S.

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The Future According To SoftBank

CB Insights

Many of SoftBank’s portfolio companies operate across a variety of different industries. More recently, as remote workout options have grown in usage, the firm has backed digital fitness brands like fitness community Keep and at-home gym Tempo. Bubble size and proximity to center correspond to number of investments. First name.