During the Global SME Finance Forum 2019, Tony Hadley, Senior Vicepresident, Regulation and Public Policy of Experian talks about the challenges and ethics of the growing use of data and the need of a good data governance program.
Join us on October 9th for the Global SME Finance Forum 2019 to access study visits to financial institutions and fintechs for the opportunity to learn best practices from highly respected peers.
Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd. The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according to Da
While initial forms of platforms have been around for centuries, more prominent ones have emerged in the last 15 years with the rise of the internet. New models which connected initially developer applications and customers arose (the first softwares), eventually connecting people together, sellers and buyers, hosts and visitors, drivers with people who need a ride etc.
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Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected. The company announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.
News via Pymnts.com
The «eXellerator» innovation lab in China alongside others in Singapore, Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on innovation and fintech. «With the launch of the eXellerator, Standard Chartered aims to deepen its contribution and participation in China’s vibrant technology and innovation ecosystem,» the bank said, highlighting various tech competencies including artificial intelligence, biometrics and mobile payments that could improve its client products and experiences.
News via Finnews Asia.
EnKash, a two year old card focused fintech startup, has announced the launch of Corporate Credit Card for SMEs/MSMEs and startup, called the Freedom card. The Freedom card would give the SME’s and startups the freedom to avail credit facility for immediate needs and to manage their financial liquidity.
GSMA reports that investment in African fintechs nearly quadrupled in 2018 to $357 million, with startups in Kenya, Nigeria and South Africa accounting for the largest share.
African telecom firm Africell plans to spend part of a $100 million U.S. credit line on expanding its infrastructure and fintech services. Africell founder and chief executive Ziad Dalloul told Reuters the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone.
In recent years, Latin America has joined the worldwide Fintech revolution, creating innovation and start-up ecosystems that permit the development of new technology start-ups offering highly innovative products and financial services. Many studies have reflected the fervor currently felt in the Fintech sector in the Latin America and the Caribbean (LAC) region in recent years.
