New products and services, concentration of entities and different ways of relating to their customers, among other aspects, converged in a clear transformation of the financial sector, where more and better forms of inclusion emerged, such as the Fintech industry, which refers to those startups that are experts in new…
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The Austrian Financial Market Authority (FMA) has given the crypto currency fintech Bitpanda the green light for a Payment Service Provider license. The license allows Bitpanda to act under European law (PSD2) as a payment institution in the future. The Payment Services Directive 2 (PSD2) is a European Union (EU)…
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With Monday’s announcement by the Central Bank (BCRA) that guarantees that the interest rate will maintain a floor of 62.5%, the monetary entity seeks that the banks raise their rates of the fixed terms, which it considers to be low, with the objective of making them more attractive for investors…
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JenID Solutions GmbH is now part of the largest fintech node in the Middle East, the Bahrain Fintech Bay. The new partnership opens up future markets for jenID in the Arab world and in Africa. Bahrain Fintech Bay is the largest fintech hub in the Middle East It is headquartered…
Continue readingHow is it like to be part of Bahrain Fintech Bay? JenID Solutions may now the answer
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What products and services introduced by the 300 Fintech companies in the Spanish market are really different from the traditional ones? The analysis of Fintech’s financial products compared to those of traditional banking performed by FUNCAS-KPMG concludes that differential financial products with a high added value are some of those…
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The Fintech Revolut, founded by the investment exbanqueros of Credit Suisse and Deutsche Bank Nik Storonsky and Vlad Yatsenko as a digital alternative to the big banks, has reached 200,000 clients in Spain after a year and a half of operations. Registered operations The entity, based in London, landed in…
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Self-employed persons, traders and small companies are particularly affected by the new regulations Basel III for banks for lending to companies: For smaller loan amounts of up to 100,000 euros, the ratio between expenditure and income is considered too low or too lucrative from the Bank’s point of view ,…
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Two out of three medium-sized companies in Germany fear that the digital transformation of their operations could overtax them financially. This is one of the most central findings of the study “Financing Monitor 2019”. We interviewed a total of 200 financial decision-makers from medium-sized industrial, commercial and service companies. However,…
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Having full identification of a client to mitigate the risk of being used as vehicles for money laundering is the biggest challenge for financial technology platforms (fintech) in preventing money laundering, said Omar Torres López , Deputy Director General for Prevention of Operations with Resources of Illegal Origin of the…
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Ceo’s of the financial sector promote working hand in hand with open innovation and Fintechs to bring financial services to more Peruvians The CEOs of the main banks of Peru expressed the importance of betting on open innovation from the hand of the Fintech, in the framework of the second…
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