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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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State of Fintech Q2’22 Report

CB Insights

Global fintech funding fell 33% quarter-over-quarter (QoQ) to hit $20.4B — its lowest level since Q4’20. Below, check out a handful of highlights from our 197-page, data-driven State of Fintech Q2’22 Report. Below, check out a handful of highlights from our 197-page, data-driven State of Fintech Q2’22 Report.

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EU Proposed Law Aims To Make Friends With FinTech

PYMNTS

s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. The proposed law would bypass the mixture of regulatory approaches FinTech firms currently have to deal with, as well as review how firms handle cybersecurity and cyber threats.

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Australia’s Alt-Lending Market Vows Transparency

PYMNTS

28) said the Australian Small Business and Family Enterprise Ombudsman announced a collaboration with BankDoctor.org and FinTech Australia. Together, the entities released a report detailing steps the alternative financial services market can take to boost transparency. Tech news source iTWire reports on Wednesday (Feb.

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FinTech Jeff Aims To Boost Lending To The Underbanked In South Asia

PYMNTS

Our goal here is not to be in a position where we are the biggest loan comparison or aggregator site in the market,” Niparts said. “Our “What we saw after analyzing it was that there was a lot of potential for disruption,” he said, noting that banks and intermediaries still exchanged data in Excel files. “So

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Where Does Chime Go From Here?

Gonzobanker

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. Cornerstone’s numbers don’t jive, however, with what some of the other fintechs have reported publicly. Is it ready for an IPO?

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Global Fintech Unicorns See Covid-19’s Impact

CB Insights

As the coronavirus crisis continues to roil private capital markets, Q1’20 was one of the worst quarters in 2 years for VC-backed fintech. In comparison, Q4’19 saw 8 new unicorns. The top-funded fintech unicorns span across different countries, from the China-based Lu.com ($39.4B The 3 additions were: Pine Labs ($1.6B

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