Latest Financial inclusion News: Finextra Research

JPMorgan-backed FinLab competition calls for applications from women and people of colour

The Financial Solutions Lab (FinLab), an innovation programme backed by JPMorgan Chase, is looking to make fintech a little less male and white, calling on entrepreneurs of colour, women and people with disabilities to take up its latest challenge to develop products that can support under-represented communities - and, in the process, bag a slice of a $3 million prize fund.

01 March 2018

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Mastercard puts QR bot on Messenger

Mastercard is to use the popular Facebook Messenger platform as a vehicle for encouraging small businesses in Africa and Asia to move to QR-code based mobile payments.

28 February 2018

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Global mobile money adoption thrives

The mobile money industry processed transactions worth a billion dollars a day in 2017, helping to drive financial inclusion around the world, according to the latest GSMA report.

28 February 2018

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Credit union consortium unveils DLT-based digital ID system

CULedger, a consortium of American credit unions exploring potential use cases for distributed ledger technology, has teamed up with DLT specialist Evernym on a digital identity system.

28 February 2018

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ECB launches staunch defence of cash

European Central Bank executive board member Yves Mersch has given a spirited defence of cash, praising its ability to facilitate privacy, equality and security, insisting there is "no viable alternative" to the humble euro banknote.

15 February 2018

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Hong Kong sets out guidelines for new virtual banks

Hong Kong's efforts to encourage a wave of new digital banking providers advanced today when the island's central bank published a set of revised guidelines for new entrants.

06 February 2018

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Finextra's 2017 in review

As Finextra pulls the shutters down on 2017, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2018.

22 December 2017

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Indonesian ride-hailing app Go-Jek buys three fintech startups

Go-Jek, Indonesia's answer to Uber, has acquired three fintech startups as it bids to establish itself as a major digital payments player.

15 December 2017

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Banks and fintech startups join forces on blockchain-based supply chain pilot

A group of banks and fintech startups are backing a pilot with Malawian tea farmers that will use blockchain technology to try to create more sustainable supply chains.

13 December 2017

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PayPal acquisition TIO Networks leaked 1.6 million customer details in breach

PayPal says it has identified a potential compromise of personally identifiable information for approximately 1.6 million customers of TIO Networks, the bill payment platform it acquired for $233 million in July.

04 December 2017

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Remitly closes in on $115m funding round

US mobile money transfer outfit Remitly says it has agreed to raise up to $115 million in a Series D funding round led by PayU, the fintech investment unit of Naspers.

31 October 2017

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Santander InnoVentures leads $6m funding round for Mexico's ePesos

Santander's fintech venture capital fund has led a $6 million funding round for ePesos, a Mexican mobile payments startup targeting underbanked small businesses.

13 October 2017

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