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Singapore Government Joins IBM to Create Blockchain Innovation Center
Computing giant IBM has revealed that the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS) are collaborating with it to establish its first Center for Blockchain Innovation in the country. The Innovation Center is expected to involve both global banks and fintech startups and to develop a number of technology pilots for the finance and trade industries, built on the Linux Foundation Hyperledger platform.
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- Uncategorized
- Region
- South Asia
- Tags
- blockchain, fintech
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WeChat targets mobile wallet technology in South Africa
In November last year, WeChat South Africa launched its wallet tech which allows electronic cash transfers and the ability to transact via cards verified by Visa and MasterCard. This month, WeChat South Africa has partnered with Stuff Magazine to allow readers of the print title to buy featured Incredible Connection products by scanning a QR code via the app.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Fintech start-up NeoGrowth raises $35 million to help small retailers in India access credit
Fintech start-up NeoGrowth has raised $35 million (about Rs.225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital.
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- Technology
- Region
- South Asia
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How Barclays Aims to Bring a Billion Unbanked into the Fold
Though its parent company, the $1.8 trillion-asset Barclays PLC, has had operations in Africa for more than 100 years, today Barclays Africa has only 12 million customers, about 1% of the continent's total population.
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- Technology
- Region
- Sub-Saharan Africa
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FinTech Firm MyBucks Becomes Listed in Germany after Successful IPO
The latest financial technology firm to complete a successful initial public offering (IPO) is MyBucks S.A., which was welcomed by Deutsche Borse on the Frankfurt Stock Exchange today where it was listed on the Entry Standard market.
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- Technology
- Region
- Europe & Eurasia
- Tags
- fintech
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Weekly Roundup: How Brexit Could Impact Emerging Markets + Other Non-Brexit News
We could not call this a Weekly Roundup without addressing Britain’s decision to leave the European Union (spoiler alert: like most economists, we're struggling to see any upside.) But for those readers who've had their fill of Brexit news, we have plenty more developments to share, including Capria Accelerator's new $100 million fund, Waste Ventures' tie up with Coke, and the dark side to alternative credit scoring.
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- Health Care, Investing, Social Enterprise
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Opportunity International and MyBucks: ‘A Powerful Partnership to Improve More Lives’
Opportunity International's sale of six microfinance banks to the fintech company MyBucks has sparked extensive analysis in recent days - along with some serious concerns. In this article, Opportunity CEO Vicki Escarra responds to the criticisms of the partnership leveled by former MFTransparency CEO Chuck Waterfield in his recent NextBillion post.
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- Uncategorized
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‘Ahead of the Curve’ – Three Companies Get Serious About Measuring Customers’ Financial Health
It is easy to track the number of active checking accounts or the number of dollars lent on credit cards. It is much harder to measure if those checking accounts and credit cards are actually helping customers manage their money better. To help financial services providers get serious about measuring their impact, CFSI recently released eight key indicators of financial health, and profiled three companies that are ahead of the curve in understanding customer outcomes.
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- Uncategorized