May 30, 2017 06:11 am UTC| Digital Currency Fintech
The European Central Bank (ECB) is closely monitoring potential risks from fintech and is also contributing to financial innovation by acting as operators, ECB President Mario Draghi said recently. Speaking at the ECON...
Russian financial institutions, MasterCard select 12 fintech startups for accelerator
May 30, 2017 05:50 am UTC| Fintech
Earlier in February, four Russian banks teamed up for a fintech lab and accelerator in collaboration with MasterCard and Accenture in order to foster the development of new banking products and services. Now, the...
Copenhagen FinTech, Singapore Fintech Association sign MOU to foster fintech innovations
May 29, 2017 05:54 am UTC| Fintech
Copenhagen FinTech, a Danish fintech ecosystem, has signed the first Memorandum of Understanding (MOU) with the Singapore Fintech Association in order to test solutions and offer access to the wider markets of Europe and...
Japan’s Mizuho Group to establish fintech venture in June
May 26, 2017 09:56 am UTC| Fintech
Japan-based Mizuho Financial Group announced that it will start a fintech venture in the coming month in order to generate 100 billion yen ($894 million) in added value by 2020. According to the reports by Reuters, the...
DFSA launches Innovation Testing Licence for fintech companies
May 25, 2017 09:47 am UTC| Fintech
The Dubai Financial Services Authority (DFSA) announced the launch of Innovation Testing Licence (ITL) that will permit fintech startups to apply for a class of financial services licence. ITL is a restricted financial...
Bank of Papua New Guinea explores blockchain potential for improving financial inclusion
May 25, 2017 06:23 am UTC| Digital Currency Fintech
The Australian government has allocated $200,000 to support the Bank of Papua New Guineas efforts to explore the potential of blockchain technology to help improve PNGs low rate of financial inclusion, ABC reported. The...
MAS, IFC sign memorandum of cooperation to develop fintech innovation in Asia
May 24, 2017 10:08 am UTC| Fintech
Monetary Authority of Singapore (MAS) announced that it has signed a memorandum of cooperation with IFC, a member of the World Bank Group, in a move to establish and advance fintech innovation in Asia by developing the...
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