Raiffeisen Bank International has joined a funding round in business verification and KYC RegTech kompany. RBI is investing in kompany via its corporate venture capital unit Elevator Ventures.
Kompany was one of the first participants in Elevator Lab;s fintech partnership programme. The programme helps scale-ups collaborate with leading bank experts across RBI Group and resulted in a multi-year commercial agreement for kompany in 2018.
Washington, D.C., August 6th, 2019 – Alpha Bank Romania became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institu
With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing platform that offers clearing and instant payment services, according to a statement on August 6. Mastercard also confirmed that the purchase will take a bite out of its profits for up to two years after the deal closes, which is expected to happen sometime in the first half of 2020.
Taiwan’s Financial Supervisory Commission is said to have issued it virtual banking licences to three consortiums, according to a report by Reuters. The licenses were granted to Line Financial Taiwan, Next Commercial Banking (led by local telco Chunghwa Telecom) and Rakuten International Commercial Bank.
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, and Banistmo, a subsidiary of the Bancolombia Group, announce the issuance of the first social gender bond in Latin America, totaling $50 million with a five-year term. Banistmo issues the bond and IDB Invest structures it and buys 100 percent of it.
The new IMF series "Fintech Notes" examines pressing topics in the digital economy.
The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar.
Barclays Bank Ghana says it has lined up plans to become the country's number one lead financial enabler for business activities of Small Medium Enterprises (SMEs) in Ghana when it transitions fully to Absa in 2020.
TechnoServe partnered with the Argidius Foundation to launch the Catalyzing SGB Acceleration (CaSA) Initiative. Through this initiative, they will help a corporate partner to design and implement a shared-value pilot project to support the UN’s Sustainable Development Goals, tapping into their experience working with entrepreneurs on three continents. CaSA will provide match funding for this pilot, reducing therisk for the corporate partner.
This SME Finance Forum webinar will build on the January 2019 alternative data, scoring and risk management webinar which highlighted that the smaller the firm, the less conventional the data that is usually available. This can make access to formal credit and financial services more difficult to obtain, due to both perceived risks from traditional lenders and the potential higher cost of lending.
Dana, the fintech startup backed by Ant Financial in Indonesia, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users. Dana is one of several digital wallets outside of China that Ant’s backed, as the funds-to-finance titan tries to forge a global payments network.
