Kenya and Its Fintech Ecosystem in 2022
The Fintech Times
by Richie Santosdiaz
1y ago
The African continent plays host to a potential fintech, wider tech and digital powerhouse – Kenya. But what is its current ecosystem like? Located in East Africa, the country of over 56 million people has become not only a regional powerhouse in East Africa but for the wider African continent and Middle East and Africa (MEA) region as a whole. In particular, its capital and largest city, Nairobi, is even dubbed “Silicon Savannah” due to its strong tech ecosystem, acting as a regional hub. Both multinational companies (MNCs), and those specifically in the tech and fintech sphere, have made st ..read more
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Adatree Introduces Industry-First CDR-Compliant Open Data Marketplace
The Fintech Times
by Tyler Smith
1y ago
The world’s first open data marketplace has come into fruition with 10 participating platforms so far.  Created by the Australian fintech and data intermediary and recipient platform Adatree, the Adatree Exchange will shift how organisations are able to procure regulated consumer data right (CDR)-ready, third-party software capabilities. Co-founded by Jill Berry and Shane Doolan, former Tyro Payments and Volt Bank employees, the Exchange expands the use cases of CDR data. Introduced by the Australian government back in 2018, CDR provides individuals with control over which businesses hav ..read more
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UK Revealed as Europe’s Open Banking Pioneer in Yapily League Table
The Fintech Times
by Tyler Smith
1y ago
Although open banking continues to mature across Europe, regional discrepancies could slow progress; according to Yapily’s annual European open banking league table. The data ranked the UK as the continent’s most mature open banking data, followed by Germany and Sweden. The open banking infrastructure’s league table measured local regulatory oversight and enforcement against API performance and standardisation, digital readiness, domestic payments infrastructure and bank integrations, including the presence of third-party providers (TPPs), to rank 18 European countries on a 10-point scale to ..read more
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What is Driving the Rise in Ethical Banking? Insight from EthicsGrade, Netguru & Impaakt
The Fintech Times
by The Fintech Times
1y ago
The world is dependent on global finance working towards a fairer financial system for people, the environment and culture with a focus on sustainability, climate change and social justice. This July at The Fintech Times we are putting the spotlight on ethical finance/ethical banking, including environmentally and socially-conscious practices. More and more people are investigating the benefits of sustainable and ethical finance. Two thirds are looking for more sustainable options for products and services across all aspects of their life, and over half are more likely to buy financial produc ..read more
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Fintech Landscape of Kuwait in 2022
The Fintech Times
by Richie Santosdiaz
1y ago
In this article, we take a look at Kuwait’s fintech and wider digital ecosystem to see how things are developing. Economic development strategies have been implemented across much of the Middle East and Africa (MEA) and this also includes Kuwait. Kuwait Vision 2035 will aim to diversify Kuwait’s economy and also help the country be less-oil reliant, which for most of the previous century until today has boosted the country’s economic development and its other Gulf Cooperation Council (GCC) neighbours. Over 50 per cent of Kuwait’s population fall between the 15 to 39 years age group. In additi ..read more
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EToro Finds Only 5% Of UK Retail Investors Sold Investments During a Bear Market
The Fintech Times
by Francis Bignell
1y ago
UK retail investors are standing their ground amid global market sell offs with more than nine in 10 (95 per cent) either holding onto their investments or ‘buying the dip’, according to the latest ‘Retail Investor Beat’, a quarterly survey of 10,000 retail investors across 14 countries, from social investment network, eToro. Of the 1,000 UK investors who were surveyed as part of the study, only one in 20 (five per cent) have sold their investments in response to recent turmoil, whilst seven in 10 (71 per cent) have held firm and one in four (24 per cent) have bought the dip. The data suggest ..read more
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Domestic and International Payment Processes Consolidated by Monoova and Moneytech FX
The Fintech Times
by Francis Bignell
1y ago
Monoova, the Australian payments automation provider, has merged with foreign exchange organisation, Moneytech FX, to deliver a single platform that enables businesses to consolidate domestic and international payment processes and take advantage of faster cross-border transactions. The businesses merged under the Monoova brand will be ideally placed to fulfil their mission of automating and streamlining payment processes, with clients able to access a toolkit for domestic and global payment flows through a single API gateway. “With the new Monoova platform, clients can automate the receipt ..read more
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Software Engineers in Dubai Earn 30% More Than Those in Other Global Tech Hubs Like London & Berlin
The Fintech Times
by Francis Bignell
1y ago
According to global consulting firm Mercer, software engineers in Dubai with a minimum of three years in experience earn the third highest salaries in the world, when compared to other global technology hubs such as London, Amsterdam and Berlin – earning almost 30 per cent more. This difference in compensation indicates the high demand for tech talent, while reaffirming the emirate’s ambition to attract the top digital talent, and become a global tech talent magnet that supports the growth of the digital economy as a key strategic priority for the UAE. Additionally, and according to Mercer’s ..read more
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Behind the Idea: Mambu
The Fintech Times
by Francis Bignell
1y ago
During the pandemic Mambu saw a significant shift in favour of digital banking from consumers, which has put pressure on banks to digitally transform. It recently ballsurveyed more than 4,500 consumers gloy, identifying five emerging consumer groups or ‘tribes’ that banks need to know about. One of these five tribes, ‘Techcelerators’, is one worth paying particular attention to. Representing the largest group identified globally (33 per cent), this group is most likely to have used online and digital banking services more frequently in the last 18 months. The overnight shift to online an ..read more
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This Week in Fintech: TFT Bi-Weekly News Roundup 07/07
The Fintech Times
by Claire Woffenden
1y ago
The Fintech Times Bi-Weekly News Roundup. Funding and investment Insurance startup YuLife has raised $120million in a Series C funding round. It takes YuLife’s total funding to $206million. YuLife will use the capital to broaden its reach into new global markets as well as scale its product range and deliver financial products. Konsileo, the commercial insurance broker, has completed a £4.7million Series A funding round. The round was led by Growth Tech VC Committed Capital.  New investors also include a £900,000 investment from ACF Investors, a UK venture capital fund and angel investor ..read more
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