If 2016 should be remembered for something, it’s the launch of the first Visa/Mastercard/SWIFT-free payments system – the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI). UPI is an open-source platform designed for the mobile age that helps with easy integration of various payment platforms. UPI...
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The worldwide cybersecurity market is defined by market sizing estimates that range from $77 billion in 2015 to $170 billion by 2020. Nonetheless, even at such a scale, cybersecurity service providers are not able to tame imaginative and aggressive pool of talented hackers, exposing vast amount of private data to...
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With 2017 around the corner, the financial services industry is way past the stage when technology startups and financial institutions are perceived as competitors, comprising an existential threat to one another. The year ahead is expected to accelerate and strengthen the collaborative culture in forms of mutually beneficial, balanced partnerships,...
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With a population of over 1.35 billion and the second largest economy in the world, China plays an important and influential role in the global ecosystem. Summarizing the hallmarks of China’s FinTech market, ITA puts China among the top financial technology markets along with the UK, Singapore, Brazil and Australia....
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It's now or never Customer expectations are often running ahead of the available options, creating a gap for innovators to fill. In the financial services industry, the speed of service delivery without security and quality compromise became a cornerstone of the development of highly competitive alternatives to institutional portfolios. As...
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27.12.2016 – Warsaw, Poland – Kontomatik is happy to announce its exponential growth during the year 2016. Even though the company was founded in 2009, the current year has shown the highest level of growth throughout the company’s history. “2016 was another exciting year for Kontomatik. As planned, we intensified...
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“InsurTech is here to stay, and it will bring fundamental change to the insurance industry,” said Andrew Rear, Head of Munich Re’s Digital Partners. Indeed, in the recent history of InsurTech, insurance carriers along with the surrounding traditional elements of the ecosystem came under attack for the comparative inefficiency and...
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CEO Massimo Arrighetti: “This operation, sustainable from an economic and social perspective, allows us to strengthen our European leadership and to grow in size.” The acquisition – effective from 1st January 2017 – concerns the management of around 13.5 million payment cards, 206,000 POS terminals and 12,000 ATMs of UBIS Milan,...
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Over the past two years, distributed ledger technology (DLT) has seen tremendous interest by investors and financial institutions alike. There have been numerous variants of the technology coming up, both on the enterprise and consumer side. However, owing to the ecosystem scale of the technology, it is not surprising that...
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Low-income consumers in the US face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. The Center for Financial Services Innovation (CFSI) is the definitive voice on US...
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RegTech has been a famous buzzword in 2016 and the industry – banking and FinTech alike – is looking eagerly at 2017. RegTech is comparatively a new term used in FinTech to describe a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative...
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New York – December 22, 2016 – Today, Bizfi, the premier FinTech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to more than...
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