BBVA pumps further $150 million into fintech venture fund Propel
BBVA is to invest as much as $150 million in its independent fintech venture fund Propel, bringing its total commitment to over $400 million.The first $50 million fund will be launched in the next few weeks, followed by funds in 2022 and 2023, which will be open to outside investors. “Propel gives BBVA a privileged […]
Storfund set to offer US$1bn to Amazon SMEs
The London-based fintech, Storfund has announced it will hand out $1bn in cash advances to small business operators selling through Amazon and other online European, American, and Asian marketplace. The ecommerce solution can be plugged into seller accounts and provide up-front funds as and when they are required. The fintech startup, which was co-founded in […]
Brazilian FinTech Nubank Raises $400 Million, Expanding In Latin America
Brazilian FinTech Nubank raised $400 million in a Series G funding round led by Singapore’s GIC, Whale Rock and Invesco, Nubank said in a Thursday (Jan. 28) blog post. Also participating in the round were previous investors Tencent, Dragoneer, Ribbit Capital and Sequoia. Nubank’s total funding to date is $1.2 billion, with a valuation of $24 billion, […]
Fintech Trends Making Waves In 2020 and Outlook For the Industry In 2021
The fintech industry has been undergoing deep-seated changes for quite some time now. This revolution can be attributed to the trend of fintech adoption by sectors across industries. For instance, by March 2020, India accounted for 87 per cent of worldwide fintech adoption, showing that fintech adoption has been particularly going strong with Indian markets. As such, […]
Top banking official praises China’s new fintech regulations
A top Chinese banking official has publicly announced his support for a spate of new regulations to manage the growth of fintech in China. Pan Gongsheng, the deputy governor of the People’s Bank of China, who also heads the State Administration of Foreign Exchange, praised the way the communist nation-state is managing fintech risk and […]
Fintech Albert raises $100m
American mobile banking, saving and investing app Albert has raised $100 million in a Series C funding round led by General Atlantic. CapitalG, Alphabet’s independent growth fund, Portag3, and QED joined the round, which brings Albert’s total funding to date to $173 million. Since launching in 2016, Albert has signed up more than five million […]
Financial Revolution spurred on by Decentralized Finance.
For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. Decentralized finance has grown into one of the most active sectors of blockchain, now with over $15 billion total value locked in DeFi smart contracts. From decentralized exchanges to lending and insurance platforms, the DeFi ecosystem […]
Securing payments in Asia with latest 3-D Secure technology – Omise integrates the EMV(R) 3DS 2.2 protocol using Netcetera’s 3DS Server
The Payment Service Provider Omise has implemented the Netcetera 3-D Secure Server to secure online payment transactions in the APAC region. Netcetera, a market leader for digital payment solutions, offers certified products for 3DS payment processing, and promotes secure and frictionless consumer authentication. With the go-live beginning of January 2021, Omise is among the first […]
Ravelin releases first fully certified 3DS2 authentication service for merchants and payment service providers
EMVCo certifies Ravelin’s 3D Secure 2.2, offering a complete enterprise risk management suite with authentication capabilities 26th January 2021, London UK — Ravelin today announces that its industry-first 3D Secure 2.2 (“3DS2”) solution has been certified by global payments body EMVCo and approved by payment schemes including Visa. Ravelin is the first fraud vendor to offer such […]
Mastercard: The cashless economy is taking hold in Australia
Research conducted by Mastercard has found a surge in uptake for digital infrastructure among Australian companies amid COVID-19. Using a representative sample of 806 domestic businesses and conducting a survey regarding their experiences during the pandemic so far, Mastercard reports that 52% have shifted and accelerated their focus on ecommerce structures. 68% claimed to have […]
