RegTech

KYC for Businesses – A Deep Dive

While banks and financial institutions have a monetary incentive to add as many new companies and individuals as possible to their banking system, they face many challenges in executing the onboarding process for new customers. Over the past few years, the Know Your Customer (KYC) and Know Your Business (KYB)...

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Payments

Kenya: Building the Cashless Future of Africa

Source: Cashless Africa, Provoke.fm Africa is poised to be a 3-trillion-dollar economy by 2030. Kenya, with the success of M-Pesa, has been the economic powerhouse of East Africa and has a goal to become a developed economy by 2030, Rachel Morrissey, Senior Producer at Provoke.fm, shares. The widely adopted digital...

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InsurTech

FinTech Firms in Asia Raised $858 Million in May 2018

FinTech firms in Asia raised close to $857.7 million across 33 disclosed financing deals, including two ICOs. The total number of FinTech financing deals in Asia in May 2018 was 40. The largest number of deals were made in India (47.5%), followed by Singapore (20%), China (12.5%), Malaysia and Singapore...

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InsurTech

Daily Review: How Will the Bank-FinTech Narrative End?

The ability to develop and adopt advanced technological solutions has been widely attributed to the startup community rather than to corporate players (banks, insurers, etc.). The year 2018 and the years ahead will be very different – corporations are gradually taking over the game by either aggressively pressuring startups in...

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Enabling Technologies

Building the Future of Banking in the CEE Region Through Collaborative Innovation – Interview with Hannes Cizek, Head of Group Digital Banking, Raiffeisen Bank International (RBI)

In an age where collaboration is key to success in the financial services industry, banks and technology providers are looking to build deeper relationships with FinTechs. The task at hand is not an easy one – the total number of FinTechs in the industry today stands at more than 11,000,...

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Lending

4 Ways Modern Credit Is Solving Omnichannel Retail Challenges

Innovation in the retail industry has always been linked to the evolution of payments, especially the use of consumer credit. But the birth of e-commerce in the late 1990s and the emergence of mobile-first, digitally-native consumers has made it increasingly hard for retailers to attract and convert shoppers. While previous...

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