Innovation
How Fintech Could Bring Africa's Digital Talent to the World
Fintech improvements to cross-border payment systems could create more than a million remote jobs in Africa and bring the continent further into the global digital economy.
Specifically, reducing so-called payment frictions—systematic or infrastructure issues that cause fees, delays, or failed transactions—by 50%, could generate 900,000 to 1.1 million jobs, says research by Harvard Business School Assistant Professor Ebehi Iyoha. Confronting Africa’s high cross-border transaction costs could also boost economies and incomes in the region.
Fintech industry trends: AI, digital assets, and more
Fintechs are now generating $650 billion in revenue, and the most successful ones are balancing scale, profitability, and new-found regulatory maturity.
From campus kid to fintech founder: Abigail Chow’s UTulsa story
Abigail Chow has known The University of Tulsa longer than most students ever will. Before she was an honors student in the Collins College of Business, she was a child walking these same paths, attending University School from preschool through eighth grade. A Tulsa native and finance major, Chow is building two big things at once: a college experience shaped by hands-on learning and a startup shaped by it.
“I chose The University of Tulsa because of the experiential learning I knew I was going to be able to do,” she said. “UTulsa offers me not only a challenging education but also the opportunity to explore my other interests.”
Venture Capital
The Evolution of Fintech, the Favorite Sector of Latin American VC
With technology opening access to different types of financial solutions, creating new markets, and driving inclusion in Latin America, it is no surprise that projections for the fintech industry look promising. And venture capital investors are paying attention. With the consolidation it has achieved—driven by the leading role of digital payments and transfers—so far, and the new growth vectors emerging for the future, the market is closely watching the sector’s evolution.
Security
Fighting Fraud with Blockchain: Kinexys and ACI Worldwide
By embedding the Kinexys Liink Confirm with ACI’s Fraud and Financial Crime solution, the partnership aims to support the scaling of faster payments
Digital Banking
PenFed agrees new InvestiFi partnership
Through the partnership, PenFed's 2.8 million members will benefit from a guided robo-advisory investing service, self-directed securities investing, and various financial education features.
Technology
How FinTech Companies Are Using Custom Software to Scale Faster
Understanding the quiet shift behind modern financial growth
Europe
Nykredit acquires full ownership of BEC Financial Technologies
Nykredit already owns around 69% of BEC, and has now moved to buy the remaining 31% stake.