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Cloud Block Storage Market Size,Growth 2022 Global Business Industry Revenue, Demand and Applications Market Research Report to 2028
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New apps help Latinos get debit cards without bank accounts
Latino households are less likely than non-Hispanic whites to use the banking system, and some financial tech companies fintech want to change that by helping unbanked Latinos get debit cards so they can make cashless transactions. According to NBC News, a FDIC survey showed that .% of Hispanic households were unbanked, compared to .% of white households.
Digital bank Umba raises $15M, plans to expand into three new African markets
There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. We’ve covered a host of
FinTech growth and digital banks’ risk appetite stoking stability concerns, IMF says
The combination of rapid growth and increasing importance of digital banks and FinTechs entail system-wide risks for financial stability as new digital platforms grow aggressively into risky business segments, the International Monetary Fund said. Although FinTechs can broaden consumers access to financial services, reduce costs and increase efficiency, their rapid growth in “systemic importance” is also creating
FinTech Investment Market: Comprehensive Study Explores Huge Growth in Future : Atom Bank, Funding Circle, Kreditech, Avant
Latest added FinTech Investment Market research study by AMA Research offers detailed outlook and elaborates market review till . The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are ZhongAn China, Wealthfront
Fintech Brex bets big on software, lands DoorDash as a customer
Today, decacorn Brex revealed that it is making a big push into financial software with the release of a new spend management product called Brex Empower. And it’s making the leap with one high-profile customer already signed up -- DoorDash. Brex is one of a number of companies in the corporate spend management space that has grown
More Fintech Consolidation Is Expected As Tech Brands Gather
A new wave of consolidation in the UK fintech industry is expected, according to Hogan Lovells, as huge internet firms attempt to expand into new fields of financial services. Hogan Lovells financial services partner Jon Chertkow said that fintech financing rounds had enough money to invest as part of the firm s quarterly report on fintech and
