Digital Banking Fintech Regional Report 
PYMNTS
SEPTEMBER 11, 2019
Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 million in pre-seed funding led by Haresh Aswani, as reported on Wednesday (Sept. Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank.
PYMNTS
APRIL 24, 2020
Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. however, funding for FinTechs actually increased to $3.7 billion the same period a year prior, reports said, citing Crunchbase data. In the U.S., In the U.S.,
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PYMNTS
JANUARY 7, 2020
Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Research companies predict for the digital lending market in Southeast Asia to more than quadruple to $110 billion in the next five years. Other companies include Razer, Grab Holdings and Ant Financial.
PYMNTS
JANUARY 3, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.
PYMNTS
NOVEMBER 29, 2018
As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases. FinTech Efforts In Africa.
PYMNTS
SEPTEMBER 11, 2019
The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.
PYMNTS
SEPTEMBER 28, 2020
Open banking rules have continued to evolve during the global health crisis, but the pandemic has given regulators and financial authorities new questions to tackle. One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA).
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