Remove Fintech Remove Innovation Remove Regional Remove Report
article thumbnail

Business Payments FinTechs Embrace A Time To Innovate

PYMNTS

percent — or nearly $50 billion — for example, CNBC reported. The business travel arena is another area of major spend reduction, with Amazon revealing that it has spent $1 billion less in travel expenses since the coronavirus crisis hit, CNBC said in a separate report. Virtual Cards And Mobile Technology.

article thumbnail

Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. As reported, Singapore has been working on other cross-border initiatives as well. The Fed And FinTech Firms.

Fintech 211
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks Say FinTech Innovation, Not Regulation, Is Now Their Fiercest Market Pressure

PYMNTS

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Cybersecurity.

article thumbnail

Turning Compliance Burden Into FinTech-Regulator Collaboration

PYMNTS

Lithuania wants to become a global FinTech powerhouse. In recent years, the market has gone from one struggling with high financial illiteracy and limited card acceptance, to a bright spot in Europe for FinTech innovation. Regulation is perhaps the strongest driver of Lithuania’s FinTech-friendly environment.

article thumbnail

Why Belgium Can Be A Good ‘Test Market’ For FinTech Firms

PYMNTS

Belgium, which is home to many European Union (EU) institutions, is also a burgeoning FinTech hub. The country has the fifth-highest number of FinTech deals in Europe, according to an analysis from Belgium-based European FinTech platform B-Hive. ” FinTech firm recovr is among the startups based in Belgium.

Fintech 218
article thumbnail

FinTech MatchMove To Acquire Stake In eCommerce Firm Shopmatic

PYMNTS

FinTech firm MatchMove has struck a deal to acquire a “strategic stake” in eCommerce solutions company Shopmatic, according to reports. MatchMove’s LightSpeed solution won top honors in the category “Best Payments Innovation of the Year” in the 4th Payments and Cards Awards 2019 held in Mumbai, India.

Fintech 168
article thumbnail

Are Ride-Hailing Apps Responsible for Southeast Asia’s Growing Fintech Market?

Bank Innovation

Fintech in Southeast Asia is reaching new records for both deals and funding. The region, which includes countries like Vietnam, Indonesia and the Philippines, among others, is a widely under-banked market. In fact, according to a CB Insights report, published Wednesday, […].

Fintech 210