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Digital transactions are occurring at higher rates than ever and are the vey driving force for FinTech industry to reckon the different levels of the financial industry. In the global industrial scenario, FinTech has played a very key role. The FinTech industry is experiencing radical restructuring and the major 3 trends that has been making this restructuring possible is discussed below: Digital Money: E-wallets and cashless transactions are taking the physical modes of payments like
Fintech
Of the total Latin American population, 70% of the area’s population does not have a bank account. The usage of smart phones in Latin America is expected to get to 80% by the year 2025 and this implies that the industry growth potential will gain newer heights. Latin America being a thickly populated region with large number of mobile device users, but lacks a proper and formal banking access. FinTech can transform smartly the regular
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Singapore is one of the top FinTech hubs in the world. Singapore has always been part of the FinTech revolution and recently there has been yet another remarkable milestone in the history of FinTech in Singapore. Singapore FinTech Association (SFA) and Nexia TS have jointly announced the launch of Nexia InnoLab with the objective of engaging business from various business verticals on technological solutions. The MoU was signed in the presence of Ms.Indranee Rajah, 2nd
Fintech Solutions
The year 2019 was a remarkable year for private US FinTechs reaching 18 billion USD compared to 13 billion USD of 2018. The giants in the industry got more giant and among the top 10 most-valued industries the average valuation has risen to 9 billion USD as against 6 billion USD in 2018. Following are the top 10 private venture-backed FinTechs in the US: Stripe- $ 35 billion Ripple- $ 10 billion Coinbase- $ 8.1
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Latest Analysis is not so good for FinTech start-ups. It seems that investors want to work with amateurs rather than the newbies in the FinTech sector. Investors were largely pulled back during the first quarter that was compelled due to the FinTech fund hedging. It is said that investors want to maintain or increase the liquidity of their funds and are not willing to try their potluck with early-stage chances. The analyses in the US
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