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Regulatory Updates—nripn—September 4, 2024
A draft decree on a regulatory sandbox for fintech has been submitted to the government, which will provide a framework for fintech solutions including credit scoring, open application programming interface (API) and P2P lending. — Photo tapchitaichinh.vn HÀ NỘI — The State Bank of Vietnam has submitted to the government a draft decree on a
Startup News—nripn—September 4, 2024
Egyptian Fintech Startup Connect Money Secures $8 Million in Seed FundingConnect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business lines using the funding….June 28, 2024
Regulatory Updates—nripn—September 4, 2024
4 minutes reading time Last updated: July 17, 2024 | 11:20 p.m. IST The fintech industry, which has been caught between increased scrutiny from the Reserve Bank of India (RBI) and a harsh funding winter, is looking ahead to Budget 2025 with hope. The industry is looking for a favorable tax framework for startups, as
Startup News—nripn—September 4, 2024
Last year, the world of fintech startups — star of the heyday of venture capital in 2021 — began to collapse as venture capital funding became more limited. As we approach mid-2024, large swaths of the industry are now in a complete mess, particularly the banking-as-a-service (BaaS) sector, which ironically, Last year, experts told us
Regulatory Updates—nripn—September 4, 2024
The Council of the European Union has adopted a new regulation that will make instant payments fully available in euros for consumers and businesses in all EU and EEA countries. The new regulation was introduced to improve the strategic autonomy of European economic and financial sectors, reducing what the EU calls "excessive reliance" on third-country
Startup News—nripn—September 4, 2024
Welcome to Fintech TechCrunch! This week, we look at Stripe's big product announcements, a Brazilian fintech startup's valuation boost, and more! To receive a roundup of TechCrunch's biggest and most important fintech stories in your inbox every Sunday at 7 a.m. PT, subscribe here. The big story Band announced that it would be decoupling of
Regulatory Updates—nripn—September 4, 2024
Over the last five years, the UK fintech sector has undergone significant change, driven by technological advances and regulatory reforms. These developments have collectively driven growth and innovation while presenting new challenges for businesses operating in this environment. Alexei Glukhov and Yevgeny Mishchenko, co-founders of UK financial technology company Payrowshare their thoughts on these transformative
Startup News—nripn—September 4, 2024
Venture capital investments in financial services and fintech in 2023, which, just a few years ago, was the leading sector for financing startups worldwidetotaled $43 billion, its lowest level in six years, according to Crunch Database data. That’s down more than 50% year-over-year from the $89.5 billion invested in financial services in 2022, and even
Startup News—nripn—September 4, 2024
After Brandon Lloyd sold his second company, Bypass, a sports and entertainment point-of-sale and payment software company, to Fiserv in 2020, he dove deeper into the payments industry and realized one thing: Software companies were getting a bad rap from the payments provider industry. “Companies like Stripe originally built this platform to make it easy
Startup News—nripn—September 4, 2024
Listen here or wherever you get your podcasts. Hello and welcome to Equitya podcast about the business of startups, where we dissect the numbers and nuances behind the headlines. It's our Friday show and we talk about the biggest startup and tech news of the week. Marie-Anne And Alex We worked in pairs this week,
Regulatory Updates—nripn—September 4, 2024
In a recent Fenergo During the webinar “Guidance on Global Regulatory Changes in 2024”, experts examined upcoming regulatory trends for 2024. The focus was on planned adjustments to anti-money laundering (AML) and know your customer (KYC) regulations. One of the key points discussed was the introduction of FinCEN’s new Beneficial Ownership Information (BOI) reporting rules
Regulatory Updates—nripn—September 4, 2024
Free Newsletter Get the latest Swiss Fintech news delivered to your inbox once a month New regulations in the European Union (EU) regarding payments and access to financial data lay the foundation for open finance. While these initiatives aim to drive innovation and improve the customer experience in the financial services industry, they can also
