This week's edition of Finovate Global highlights recent fintech news from Singapore.
Monetary Authority of Singapore announced plans to invest $74.36 million (100 million Singaporean dollars) to fund quantum computing and AI projects. The funding is part of the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) designed to support banks and other financial institutions as they innovate and develop capabilities in both quantum computing and artificial intelligence...
Everyone in our industry sits in a unique place. Because of this, there is immense value in taking the time to listen to others' perspectives. At our FinovateSpring conference earlier this year, we spoke with Akita Somani, SVP of BNPL and Lending at U.S. Bank, and Bhavana Prathipati, Managing Director, Payments Product Manager at Silicon Valley Bank.
Both experts offered their insights on two key themes in the payments world. Somani discussed how U.S. Bank's own buy now, pay later point...
- Revolut has received its banking license from the U.K. Prudential Regulation Authority.
- The license comes three years after Revolut initially applied for a license in 2021.
- Revolut currently holds a E.U. banking license, as well as a banking license in Mexico.
International challenger bank Revolut has now received its official banking license in the U.K. The London-based company first applied for the banking license in 2021, and today, after three years of patiently waiting,...
- Online investing and savings service Wealthify introduces its new Chief Executive Officer Richard Ambrose.
- Ambrose will succeed Andy Russell, who has served as CEO of the company for the past four years.
- Wealthify made its Finovate debut at FinovateEurope in London in 2017.
U.K.-based online investing and saving platform Wealthify has appointed Richard Ambrose as its new Chief Executive Officer. Ambrose replaces Andy Russell, who had served as CEO of the company since the...
We're more than halfway through 2024 so there's no better time for a trends temperature check to determine what we should be paying attention to throughout the second half of the year. Learning about the newest trends is crucial to understanding how your firm can better compete and ultimately succeed in the crowded fintech and banking arena.
Funding
Late last year, we were still in the metaphorical trenches of funding. As of mid-2024, fintech funding trends are mixed. For the most...
