The majority of Vietnam’s population live in rural areas and often lack access to financial services because banks and other institutions open most of their physical locations in cities. MFast wants to change that with what it says is the leading financial services distribution network in Vietnam. The company...
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. Better.com finally went public last week, and the stock’s performance was worse than expected. Affirm, on the other hand, saw its shares get a boost on the back of a better-than-expected...
The US Securities watchdog has accused Fundrise Advisors, LLC, of violating the country’s cash solicitation rules by paying over 200 social media influencers and online newsletter publishers to solicit clients for its investment platform. The Securities and Exchange Commission (SEC) announced today (Tuesday) that the Washington-based investment advisor did not require the influencers to provide...
Traditional banking institutions are confronting a powerful competitor in the ever-changing world of finance: fintech. Revolut, a revolutionary fintech business that has shook the foundations of traditional banking, is at the forefront of this upheaval. Don't miss London's premier financial event! 3,500+ attendees, 150+ speakers, and 120+ exhibitors await...
Switzerland’s Financial Market Supervisory Authority (FINMA) conducted an in-depth review of the money laundering risk analyses of over 30 Swiss banks during the spring of this year and found that many did not meet the basic requirements for such an analysis. The Swiss watchdog in a statement explained that it was prompted...
What’s in a Name? RTP vs RTRP vs IPS vs Faster Payments One of the fun things about working on a global trend is watching the alphabet soup of acronyms and buzzwords diverge and converge. The US and UK are largely still using the term “faster payments,” and you hear that...
During the period of 2022-2023, the fintech market experienced a significant recession period, as many companies closed down and the flow of investment slowed. The first half of 2023 saw venture capital funding of fintech startups plunge by 48% compared to 2022, while the number of deals struck went down...
Should access to digital payments be a right, rather than a privilege? This question has come into sharp focus in recent weeks in the UK after a high-profile dispute between former politician Nigel Farage - a controversial divisive figure in British politics after his high-profile campaigning for Brexit - and...
Fintech Review still has the same mission as when it launched in January 2020. What continues to guide us is this strong desire to understand what is going in fintech around the world. Share our views on what is shaping finance today and what will happen tomorrow. It also...
Online mortgage lender Better.com is making its public debut Thursday on the Nasdaq Capital Market under the ticker symbols “BETR” and “BETRW.” The stock will be priced at $10 per share. After merging with SPAC Aurora Acquisition Corp., the combined entity is called Better Home & Finance Holding Company. The...