Latest Financial inclusion News: Finextra Research

Brazil launches instant payments platform; expects WhatsApp to return soon

Brazil's central bank has introduced its PIX instant payments platform and hinted that WhatsApp will soon get the greenlight to relaunch its own P2P payments service in the country.

16 November 2020

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Grab leads $100 million round in LinkAja

Grab has led a $100 million Series B round in Indonesian e-money institution LinkAja.

10 November 2020

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Digital bank Tenth targets Black America

Tenth, an "unapologetically black" digital neobank is gearing up for launch with the mission of eradicating the wealth gap for Black America.

06 November 2020

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Covid-19 spurs fintech regulation innovation - study

Covid-19 has led to a strong increase in the use of fintech products and services, prompting central banks and other financial authorities to step up their own regulatory innovation efforts, according to a report from the World Bank and the Cambridge Centre For Alternative Finance (CCAF).

29 October 2020

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Mexican digital bank Klar snags $15 million in funding

Santander's Mouro Capital has participated in a $15 million funding round for Mexican challenger bank Klar.

21 October 2020

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Clair raises $4.5m to help gig workers get paid instantly

Clair, an American startup bidding to disrupt the payday lending industry and help hourly and gig workers get paid instantly, has raised $4.5 million in seed funding.

14 October 2020

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FSB publishes roadmap for improving cross-border payments

The Financial Stability Board (FSB) has published its roadmap for boosting cross-border payments, which have traditionally been slow, expensive and unreliable.

13 October 2020

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G20 presented with stablecoin oversight report

G20 finance ministers are poring over a report from the Financial Stability Board that sets out high-level recommendations for the regulation, supervision and oversight of 'global stablecoin' (GSC) arrangements

13 October 2020

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FSB says emerging economies should rewrite financial rules to rein in Big Tech

Regulatory frameworks in emerging markets and developing economies (EMDE) should be redrawn to reflect the size, scope and growth of Big Tech firms in financial services, says the Financial Stability Board.

13 October 2020

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Square invests $50m in bitcoin

Square has invested $50 million - about one per cent of its total assets - in bitcoin, arguing that the cryptocurrency is an "instrument of economic empowerment".

08 October 2020

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Greenwood raises $3m for digital banking platform for Blacks and Latinx

Civil rights legend Andrew Young and rapper Killer Mike have raised $3 million in seed funding for a digital banking platform for Black and Latinx people and business owners.

08 October 2020

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Sibos 2020: Defining sustainable finance and ESG, beyond climate action and the environment

As wildfires, hurricanes, social and economic unrest and the pandemic play out across the global stage, the final of day of Sibos 2020 focuses on banking for humanity, the impact of ESG and the triple bottom line as a driver for sustainable business.

08 October 2020

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