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The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. AI and machine learning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance.
Grant Easterbrook Contributor Share on Twitter Grant Easterbrook is a fintech consultant based in Amsterdam. Much has been written about the success of fintech and how this wave of technological innovation has changed consumers’ lives. He also co-founded Dream Forward, which was acquired in 2020.
By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. True AI-powered innovation such as adaptive financial modeling or real-time fraud prevention remains limited. Given the sensitivity of the industry, regulators worldwide have intensified fintech scrutiny.
Explore the dynamic intersection of responsible AI, regulation, and ethics in the FinTech sector. This article highlights key challenges and innovative practices as organizations navigate compliance with evolving guidelines like the EU AI Act. By Lexy Kassan
The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. CB Insights recently found that two of the largest global VC firms, Sequoia Capital and Andreessen Horowitz, actually backed more fintech companies in 2022 than any other category.
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. In other words, it provides the tools for companies — fintechs and otherwise — to provide cards, wallets and other payment mechanisms.
The Copenhagen-based startup announced the acquisition of fellow Danish fintech Gaia Investments this week with plans to integrate the trading platform, which focuses on investing in companies with sustainability goals, into its app. Now, its users will be able to do so all within the Female Invest platform. after that.
AI and Machine Learning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. These trends underscore the Middle Easts ambition to become a global technology hub through strategic investments, innovation, and partnerships.
Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Weekly News.
Techstars , a network of startup accelerators and an investment company, is launching a new accelerator in Paris called Techstars Sustainability Paris. With this sustainability-focused accelerator, Techstars is hitting the reboot button. Every year, Techstars Sustainability Paris plans to accept 24 startups across two batches.
Meniga , the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. In addition, the fintech will bolster its sales and service teams. US regulators need to catch up with Europe on fintechinnovation . Also participating are Industrifonden, the U.K.
And what’s more surprising is that the buy is outside payments or fintech. With Flutterwave, we now have a way to drive both value for creators and revenue to sustain the business. We saw Disha as an opportunity to capture a new market of indie creators that need innovative tools to showcase their craft and get paid.
On the other hand, the financing gap left by conventional banking institutions has presented an opportunity for innovation, leading to the birth of fintechs like Asilimia. In 2019, the startup won the Africa Cup at the 2019 SA Innovation Summit, securing a $350,000 investment from Unicorn Group, a pan-African investment firm.
Undoubtedly, this is putting added pressure on FinTech executives. The FinTech industry is not an exception and is yet to strike the right balance between timing and scope. The FinTech industry is not an exception and is yet to strike the right balance between timing and scope.
From artificial intelligence to blockchain and smart cities, the UAEs tech landscape is set to host some of the most significant gatherings of innovators, investors, and entrepreneurs in the region. The week will feature discussions on a range of tech topics, including fintech, digital transformation, smart cities, and cybersecurity.
Two firms stuck out in recent days, including Urban Innovation Fund , which closed with commitments of $101 million for its Fund III and $20 million Opportunity Fund, and VMG Catalyst ‘s $400 million Fund II. Both firms are led by women, Clara Brenner and Julie Lein at Urban Innovation Fund, and Brooke Kiley over at VMG.
When it comes to sustainable infrastructure development, technology is making terrific leaps and bounds. Streamlined, and indeed sustainable, it ain’t. Streamlined, and indeed sustainable, it ain’t. The theory is that it will make investment in sustainable infrastructure a more attractive proposition, too.
From lithium battery chemical recycling to smart media, blockchain infrastructure to student-centric educational software, and Sub-Saharan African fintech to cultured-meat production, this batch of companies is sure to wow the investors and the audience. TC aims to pick companies from a range of industries.
The city appears to be strong in areas such as travel, AI, cybersecurity, fintech, agritech, travel tech, biotech, sports tech, and VR. Key sectors include fintech, agritech and travel tech. GoHub for B2B in AI, 5G, cybersecurity and sustainability. One of the most innovative in Europe. Luz Adell, CFO/partner, Draper B1.
With this aim, Block has established a global developer experience function focused on empowering developers to innovate rapidly and deliver high-quality products. Sustaining velocity at scale Blocks approach to developer experience has evolved significantly as the company has grown.
It’s one reason why the region is home to many fintech businesses born elsewhere that need proximity to a large banking ecosystem, as well as the blockchain/crypto crowd, which have found a highly amenable regulatory environment in Zug, right next door to Zurich. Maximilian Spelmeyer , partner, SIX Fintech Ventures.
More than 3,700 startups — from 92 countries — applied across XTC’s competition tracks: Agtech, Food & Water, Cleantech & Energy, Edtech, Enabling Tech, Fintech, Healthtech and Mobility & Smart Cities. And they’ll need it to impress this panel of judges — all of whom focus on sustainable impact. Learn more about XTC here.
In the years leading up to 2018, I have spent my time bringing innovation to the financial services space. Fintech, as this sector is colloquially referred, focuses for the most part on disrupting the state of affairs induced by the use of technology. As such it is all about innovation. Let’s study a bit about Innovation.
Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. Then there is the rise of sustainability. Refining the balancing act of innovation and risk. New players, too, are disrupting the landscape in unprecedented ways.
Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. Then there is the rise of sustainability. Refining the balancing act of innovation and risk. New players, too, are disrupting the landscape in unprecedented ways.
The sector is still pretty nascent in many parts of Africa and has barely scratched the surface even though the millions poured into startups — operating in various facets from haulage to last mile — are yet to build sustainable businesses. I’ve realized we can build and create solutions around payment and core fintech.
Ranging from the rapid adoption of sustainable technologies to the welcoming of a new local creator economy, we detail the surprising changes the pandemic has brought to consumer preferences, workplace dynamics, business models and the geopolitical influence on the fast-changing tech sector.
PayPal Ventures, the global corporate venture arm of PayPal, is one of the participating investors (this marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob ). The fintech has raised more than $410 million in equity and debt since its 2019 launch. .
Our survey respondents said the city was strong across a broad range of tech industries, particularly those with practical applications: cybersecurity, energy and sustainability, fintech, health care and medtech, edtech and silver tech among others. Mobility, fintech, energy, cybersecurity, healthcare. What is it weak in?
Startups that bridge the public and private sectors can build sustainable businesses with strong returns, says Tiffany Chu, SVP of mobility firm Via and former CEO of Remix. Why LatAm’s fintech boom is more than hype and superlative venture investment. But govtech and civic tech has a greater social impact than burger-flipping robots.
The group has already invested in startups in Mexico, Brazil and Argentina, including Aleph (B2B SaaS for e-commerce), Apperto (social commerce), Choiz (healthtech), Exactly (DeFi), Elevva (e-commerce brands), Inipay (fintech), Leef (sustainability), Wibson (e-privacy) and Yerbo (wellness).
“My dream, since the beginning of Agrotools, is to change global agribusiness, bringing to it efficiency and true sustainability,” Rocha said. “In Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds. Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds.
Moove , an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. New investors such as AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital participated.
Its lead investment in Flutterwave, which valued the fintech at $1 billion in March 2021, was a return from a long hiatus in investing in Africa. Fintech brings the Tiger back. billion, going into 2021, and it started the year with a bang, leading many mega-rounds, especially in fintechs. IROKO and others were a tiny play.
Focus on growth with good economics and don’t “buy” growth, as that will come with poor economics and hence is not sustainable. There has been continuous innovation over the last several years thanks to more digital adoption and lower data pricing. Focus on the core business and deprioritize experimental investments.
Like many legacy markets poised for change, the insurance industry has already seen its first wave of innovation. It follows that digital insurance innovation should primarily focus on digital underwriting innovation — in essence, using technology to correctly assess and price risk in real time.
Augmentum Fintech is another example of a London-listed venture capital firm. The investing group focuses on European fintech. In a perfect world, the answer is no, because realizations equal investments, so you are self-sustaining. The one thing I would say about Draper Esprit is that we are trying to be innovative.
You see, insurtech startups often need to take into account the myriad rules and regulations in place when they seek to innovate and embed insurance into products, which might make it difficult to pull it off. We are generally open to startups innovating any part of the value chain as long as the problem and market are big enough.”
At the Huawei Cloud Summit Saudi Arabia 2024, held today, Huawei Cloud made a significant announcement, unveiling a series of innovative artificial intelligence (AI) initiatives to accelerate Saudi Arabia’s digital transformation. Huawei Cloud’s AI initiatives are directly aligned with these goals.
He considers proptech still in its infancy with much of the innovation coming from home buying, selling and maintenance rather than accounting. Rojas said he saw the opportunity to not only scale aggressively on the revenue side, but also build a lasting business that was sustainable.
And, it plans to invest in more innovation around its rental services. “Now more than ever, consumers value convenience, flexibility and sustainability when they shop for and use products. “Now more than ever, consumers value convenience, flexibility and sustainability when they shop for and use products.
As part of the deal, LeapFrog, which in May invested in African fintech giant Interswitch , joins Sun King’s board, which now includes General Atlantic and M&G Investments, as well as Prabha Sinha, the company’s first investor.
She serves on the board of fintech startup HoneyBook. In addition to CFOs ready to chair an audit committee, we’ve had requests for operators with go-to-market expertise, product leaders known for driving innovation, and people officers who know how to build corporate culture. Ann Shepherd. Contributor. More posts by this contributor.
As the curtains rise up on 2019, it’s time to look back at the amazing innovations that came out last year. We conducted over 400 hackathons with enterprises, universities, nonprofits, and governments in various fields, ranging from shaping the future of music to creating Fintech solutions. Geography – Mexico. What is the hack?
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