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Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

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Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. OCC is an independent bureau of the U.S.

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BIS Debuts Innovation Hub To Help Central Banks Collaborate

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The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. The IT revolution knows no borders and therefore has repercussions in multiple locations simultaneously.

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Cambodia, Singapore In X-Border FinTech Pact

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Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

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Today In Payments Around The World: Mynt Lands $175 Million In Funding; Airtel Teams With Amazon On Video

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In todayā€™s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video entertainment platform. Globe Fintech, which is called Mynt, said Bow Wave Capital Management and existing investors took part in the fundraise.

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Mastercard Leads Investment In Mobile FinTech Mobeewave

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million Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital. This financial backing has also brought us one step closer to realizing our goal of making payment acceptance an option for everyone.ā€. Contactless payment company Mobeewave announced the closing of a $16.5

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Wirecard Collabs To Digitize Business Banking In Philippines

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Fajardo added that the partnership will empower businesses by offering financial services that will help them create a positive economic impact. ā€œAs She added that the companies have a common goal of advancing financial inclusion in the country. ā€œWe

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Singapore Eases Regulations Over Venture Capitalists

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According to Bloomberg , the Monetary Authority of Singapore published a new consultation paper that revealed new and existing venture capitalists will no longer be subject to the same rules that apply to fund managers overall, including capital requirements and business conduct regulations.