Posts Tagged ‘fintech’
Egypt’s promise as a fintech hub in the MENA region
With an increasing local prominence, Egypt’s fintech services market is making its presence felt in the wider Middle East and North Africa (MENA) regions. This is underpinned by the Central Bank of Egypt (CBE) which is set to launch a USD 100 million fintech fund early in 2020. Currently, the CBE is facilitating the creation…
Read MoreInvestment potential of Vietnam’s Fintech Industry
The ASEAN Fintech Census(3) reports that the financial sector landscape in the Association of Southeast Asian Nations (ASEAN) with its underserved SMEs and consumer markets, complimented by increased mobile and internet penetration has paved the way for the disruption of traditional financial institutions. On the back of strong fundamentals and with FinTech adoption on the…
Read MoreImpact of Mexico’s new Fintech Law on the finance sector
March 10 this year saw Mexico’s lower house of Congress passing a groundbreaking Fintech law, with the purpose of regulating the country’s rapidly expanding financial technology sector. According to Reuters, the approved bill includes fintech aspects such as crowdfunding and cryptocurrency firms – placing Mexico amongst a small group of countries to establish regulations for…
Read MoreHow Mexico’s new regulations impact Financial Entities
A Gallup poll of 2017 showed 3 in 4 customers in Mexico were either indifferent or unhappy with their bank. Addressing this gap, fintech firms are creating solutions to provide a more satisfactory banking experience, while facilitating financial inclusion opportunities for people who have not previously had access to banking. Finnovista.com reports that the last…
Read MoreInsights into South Korea’s fintech startup scene
South Korea’s support of the fintech ecosystem originated in 2015, when the government introduced a campaign aimed at creating an environment which supported the SMEs and startup space in Korea. This was reinforced by the country’s Financial Services Commission (FSC) which committed 3 trillion won (US$2.6 billion) to support emerging fintechs over a period of…
Read MoreFintech opportunities in Brazil attract venture capital investment
While Brazil’s political environment is mired in instability and allegations of corruption, the fintech industry has emerged strong, with the number of Fintech start-ups in Brazil surging in recent years, making it the largest financial technology market in Latin America(1). Fintech firms are capitalising on some 210 million adults who remain unbanked, in the country…
Read More