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Minna Technologies selected as an Inclusive Fintech 50 Winner
Minna Technologies announces today that they have been selected as one of the Inclusive Fintech 50, powered by the Center for Financial Inclusion.
The Swedish Fintech, with presence in Europe, the US and Australia, solves real problems within the subscription economy by building intelligent infrastructure that connects businesses and consumers. Minna works with distribution partners, including banks and payment wallets, to help consumers manage their subscriptions wherever they are paying.
An average consumer in 2020 had 11 subscriptions projected to move to 17 by 2025. Minna’s infrastructure provides transparency to the market, empowering buyers, plagued by subscription fatigue, to move to conscious consumption.
Inclusive Fintech 50 announced the 2021 cohort of startups driving inclusion and resilience for the 3 billion financially underserved people globally. An independent panel of 22 experts from venture capital, technology, and financial services firms identified the most promising startups providing credit, insurance, savings, and other critical products to low-income households and businesses that are particularly vulnerable to financial shocks like the COVID-19 economic crisis.
The 50 fintechs were selected from a pool of 377 eligible applicants operating in over 77 countries based on four criteria: inclusivity, innovation, scale potential, and traction. The cohort will benefit from connections to leading investors including the IF50 Investors’ Network, as well as their peers from the 2019 and 2021 cohort.
Together, these high-potential startups demonstrate the power of financial technology to improve the accessibility, affordability, and convenience of financial services in advanced and emerging markets.
This announcement comes just before the start of Financial Inclusion Week November 1-4 which is a forum for exchanging ideas and this year is themed as Promoting Prosperity in an Era of Uncertainty.
Capital Credit Union Modernizes Operations and Positions for Growth With Jack Henry
Jack Henry™ (Nasdaq: JKHY) is pleased to announce that Capital Credit Union converted to Jack Henry’s Symitar® platform and complementary products to support its future growth.
Happy Money Named Best Consumer Lending Company by FinTech Breakthrough
Happy Money, a leading consumer finance company, has been named Best Consumer Lending Company in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market today.
MNT-Halan Receives FRA Approval to Implement E-KYC and Digital Contracts in Egypt
MNT-Halan, the region’s leading fintech company, has received approval from the Financial Regulatory Authority (FRA) to implement in Egypt E-KYC
Sift Unveils Global Identity Insights and Other Innovations to Deliver Rapid and Accurate Risk Decisioning
Sift have announced significant new product innovations following the recently unveiled Identity Trust XD framework.
Pleo Partners With Taktile’s AI-Driven Solution to Enhance Fraud Detection and AML Capabilities
Pleo has announced a strategic partnership with Taktile to strengthen its AML and fraud detection capabilities
Muinmos Announces Strategic Partnership With Africa Due Diligence
RegTech firm, Muinmos has formed a strategic partnership with Africa Due Diligence (ADD™) to enhance trust and compliance in the African financial sector and create growth opportunities in the region. As part of the collaboration, Muinmos has acquired an equity stake in Africa Due Diligence and is empowering it with its onboarding technology and KYC solution.
Indosat Ooredoo Hutchison and Bank Saqu Forge an Innovative Alliance to drive Digital Financial Inclusion
Indosat Ooredoo Hutchison (Indosat or IOH), the most preferred digital telco of Indonesia and Bank Saqu, a digital banking service from PT Bank Jasa Jakarta owned by Astra Financial and WeLab, have officially announced an Innovative alliance to advance digital financial inclusion. Leveraging IOH’s customer base across Indonesia, alongside Bank Saqu’s customer base, of which 40% are solopreneur customers, who are looking for digital savvy solutions to meet their unique needs, the alliance can jointly address a significant market opportunity through abundant synergies.
Gen Z Boosts Subscription Economy, Tripling Spend from Older Generations
New research from Visa, a global leader in digital payments, reveals that Gen Z (ages 13-28) spends an average of £305 per month on subscription services. This is three times what Gen X (ages 44-59) spends (£91) and Baby Boomers (ages 61-79) who spend £108. Millennials (ages 29-44) also spend a significant amount, at £261 per month.
eToro, the trading and investing platform, announced today that users in the UK and Europe can now transfer cryptoassets held with other exchanges, brokers, or in other blockchain wallets to the eToro Crypto Wallet, where they can convert their holdings to cash, in order to trade and invest across multiple asset classes on eToro’s investment platform.
Next Insurance Acquired for $2.6 Billion in Cash
Munich Re and NEXT Insurance have signed a definitive agreement regarding the full acquisition of NEXT Insurance
Crypto Meets Forex: Finrax and FXBO Revolutionize Payment Solutions for Brokers
Finrax, the leading crypto payment gateway bridging crypto and fiat, offering fast and reliable payment processing, has announced a partnership with FXBO.
Fiserv Announces the Appointment of Stephanie Cohen to Board of Directors
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of Stephanie Cohen to its Board of Directors.
DTCC Joins ERC3643 Association
As a member, DTCC will contribute to the Association’s goals by promoting and advancing the ERC3643 token standard.