The global fintech market is expected to reach $340 billion by 2024 and over $1 trillion by 2032. This growth reflects the fintech industry’s continuous evolution, which I’ve found is driven by three key elements: artificial intelligence (AI), remote talent and innovative development strategies. AI is at the heart of the next generation of fintech solutions….
Fintech Surge will highlight critical trends shaping the future of finance, such as digital banking, fintech investment, and the growing collaboration between banks and fintechs. Taking place at Dubai Harbour from October 13 to 16 2024, the fourth edition is set to attract over 100 exhibitors, more than 1,200 investors, and 120-plus speakers from over…
The UK has further dominated the European FinTech sector, capturing a remarkable 65% share of all deals in the first half of 2024, according to a new annual report analysing the sector. The annual stare of European Fintech report by Finch Capital highlights a year marked by turbulence, with overall funding in European FinTech declining…
Riyadh based, Saudi Awwal Bank (SAB), has partnered with PayerMax for enhanced business payment solutions. The parties will work to “redefine the digital payments landscape” and “streamline the onboarding experience for local merchants” while facilitating “seamless global transactions”. Founded in 2020 and based in Singapore, PayerMax operates a suite of omnichannel payment solutions that support…
Mastercard is to acquire Swedish subscription management fintech, Minna Technologies, for an undisclosed sum. Minna creates technology that assists consumers in managing their subscriptions directly within banking applications and websites. The firm claims to be the only B2B2C platform with an automated subscription management engine, bank-grade compliance, and the “widest global subscriptions and payments coverage”…
Sav, co-founded by Mithil Ajmera, came to life through a personal journey of recognising many individuals’ financial struggles. Ajmera and his team noticed how managing money, while essential to everyday life, can be overwhelming, especially in regions like the GCC, where financial literacy is still developing. “We saw a gap across various sectors,” recalls Ajmera,…
M2P Fintech, an Indian Banking-as-a-Service (BaaS) provider, has raised US$100m in a Series D funding round led by Helios Investment Partners. The investment values M2P at over ₹6,550 crore (approximately US$785m) and will fuel the company’s expansion into Africa’s underdeveloped fintech market. The partnership of M2P and Helios also points to the growing ties between…
Swedish telecommunications firm, Ericsson and INFORM, a German provider of anti-money laundering (AML) and fraud management solutions (FMS), have announced a partnership to enhance financial services security. The collaboration aims to integrate INFORM’s RiskShield, an advanced AML and fraud management solution, with Ericsson’s Wallet Platform. This move strengthens Ericsson’s toolkit for combating sophisticated financial threats…
Leading Qatar-based FinTech startup, TESS payments, has made history by attracting a strategic Foreign Direct Investment (FDI) from Fingular, a global financial services group based in Singapore. This landmark investment, the first of its kind in Qatar’s FinTech ecosystem, positions TESS Payments as a trailblazer in driving digital financial innovation across the region. Fingular’s investment…
The gargantuan rise of the fintech industry continues to spearhead transformation within the electronic payments sector, with a profusion of mobile wallets and payment systems offering staggered, interest-free settlements hitting the market. The shift towards non-cash payments is accelerating regionwide. By 2027, most payments in Saudi Arabia are expected to be electronic, with real-time payments…
