Fintech
MYMONTY THE ULTIMATE NEOBANK CALLS TO ALL BANKS, MNOS AND STARTUPS: THE TIME FOR DIGITIZATION IS NOW!
In 1998, Mountasser Hachem founded Monty Holding, which has since become a giant in the telco sector, achieving unprecedented global penetration. His first go-to-market company was Monty Mobile, adapting various cutting-edge technologies to provide 4G and 5G wireless solutions and Value Added Services, Messaging, Omnichannel, eSim and many other solutions which have been greeted enthusiastically by markets all over the world.
Today, Hachem is taking a giant leap into Fintech with MyMonty, a digital bank which, in his own words, will soon become the largest digital bank in the world. “In this digital era where everything evolves at a very fast pace, our responsibility is to keep up with the latest trends. We provide state-of-the art solutions in communication and financial services to operators and offer software as an end-to-end solution turning traditional banks, MNOs and startups into digital banks. We also provide them with a banking license as an added value”, he explains.
MyMonty’s Founder and Chairman has a vision that has always been close to his heart: MyMonty represents an opportunity to bring almost 2 billion unbanked people into an uplifted, empowered future. As part of its mission to drive financial inclusion and cater to meet the needs of unbanked, underserved, and unsatisfied communities, MyMonty offers an empowering digital banking experience allowing people to send, receive, or request money, anytime anywhere and without any hidden fees, in an affordable, accessible, and seamless way.
In addition to democratizing access to financial services, the digital era is now in the driving seat of the financial sector, reducing the high dependency on brick-and-mortar branches of traditional banks, as well as the need to simplify highly complex cost structures. Today, MYMONTY.com is live in more than 40 countries where it operates under the umbrella of local banks, and is ready to provide businesses with the needed coverage to launch quickly and easily.
“MyMonty does not only offer a full end-to-end core banking system, it also enables you to be fully digital and go live in your desired market within 90 days,” explains Hachem. “Furthermore, you will be able to scale your business and tap into new territories. MyMonty will help you expand your reach wherever you are in the world thanks to its global connections, hence sparing you the hassle of the first contact and the whole commercial approach. Keep in mind we do the commercial networking on your behalf. Plus, we offer both the solution and implementation, and we only charge you once you go live,” he adds.
Some are still wondering if now is the right time to venture into digital, knowing that in many countries’ central banks and financial regulators still haven’t issued any regulations in this regard; the answer is: Yes… the time for digitization is now!
“It is better to anticipate the need and think about ways to take your services to the customers because the more digital the journey, the higher customer retention and satisfaction. MyMonty offers you the full solution at zero cost for 1000 accounts to be used for testing purposes, so that when you get your license, you will be able to go live immediately. So get your engine warmed up, otherwise, you might lose your market share to digital giants”, states Hachem.
Banking is not the only sector to benefit from fintech solutions. MyMonty can guarantee the sustainability of all MNOs fighting to survive in this very competitive landscape, by helping them reimagine their services and upgrade their offerings, so they can address customers’ needs and expectations. MyMonty can also actively contribute to enhancing their customer experience, helping mobile operators retain their clients and gain their loyalty.
Even though mobile operators hold a real asset in their hands – which is customer data, there are various requirements when it comes to the payment and banking space that remain unfamiliar to most of them. This is where MyMonty steps in, to help them leverage this data and offer an unbeatable customer experience, by providing them with everything they need, and more, to act as a bank and avail a full suite of financial services.
As the world has turned into a global village, the number of expats and citizens holding another passport, or resident permit, is still rising. In the absence of local banks digitizing their services to meet their needs, they are turning to global digital banks. To put this into perspective, the need to access financial services outweighs the security and regulatory aspects raised by central banks, thus heavily impacting local economies and causing major money leakage.
“Countries that are not embracing innovation are missing out on many opportunities. The lack of digital financial facilities is having a major impact on their economy, causing them huge losses”, comments Hachem. “Once customers get used to digital convenience and the luxury of managing their finances wherever they are in the world, they will never accept to go back to the old banking ways, so it’s better to ride the wave now before it’s too late”, he adds.
The clock is ticking. Traditional banks are losing popularity to startups that have already boarded the digital wave and transformed their services to meet their customers’ needs. “You either embrace innovation or lose your market share. And this specifically applies to traditional banks, MNOs, startups, or any financial entity looking to survive in this digital era”, he emphasizes.
Today, MyMonty are ready to lay the foundation for a holistic digital transformation. “I can see the collapse of the banks that are not going digital, coming quickly, as was the case with Nokia”, observes Hachem. The once mighty Nokia didn’t adapt to the market invasion of smartphones in 2011, which drove this multi-billion business to near bankruptcy, because they didn’t acknowledge the digital shift. “You don’t need foresight to avoid a Nokia-type disaster. You just need to know your markets,” Hachem concluded.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
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Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
The Ever-Evolving Landscape of Fintech: Top Stories Today
The fintech world continues to thrive with new developments shaping its future. Today’s highlights cover Revolut’s enhanced crypto fraud protections, Bestow’s recognition as a leading fintech company, Advyzon’s CEO receiving a prestigious award, Tyme Group’s global expansion supported by Nubank, and the rise of Israeli fintech startups. Let’s dive into the details and explore the broader implications.
Revolut Steps Up Crypto Fraud Protection
In a significant move to fortify customer trust, Revolut has announced enhancements to its crypto fraud protection systems. Leveraging advanced security risk scores, the company aims to shield users from the growing menace of crypto-related scams. The platform’s new measures will involve deeper scrutiny of transactions, sophisticated algorithms to flag potential fraud, and proactive alerts for unusual activities.
Revolut’s focus on fraud protection reflects the escalating challenges faced by fintech firms operating in the crypto space. As digital currencies gain traction, fraudsters continue to exploit vulnerabilities, necessitating robust security mechanisms. Revolut’s initiative could set a precedent for the industry, emphasizing that user safety is as critical as innovation. However, the success of these measures will depend on striking the right balance between security and user experience.
Source: Coindesk
Bestow Earns a Spot Among Top 100 Financial Technology Companies of 2024
Bestow, a digital life insurance innovator, has been named one of the Top 100 Financial Technology Companies of 2024. This recognition highlights Bestow’s transformative approach to life insurance, combining cutting-edge technology with customer-centric solutions. By simplifying the traditionally cumbersome insurance process, Bestow has made life insurance more accessible and affordable.
The accolade underscores the growing importance of insurtech in the broader fintech ecosystem. Bestow’s achievements signal a shift in consumer expectations—convenience, transparency, and technology-driven solutions are becoming non-negotiable. As insurtech continues to disrupt traditional insurance models, the emphasis will likely shift from mere digital transformation to delivering personalized and predictive services.
Source: PR Newswire
Advyzon CEO Hailin Li Wins ThinkAdvisor 2024 Luminaries Award
Hailin Li, CEO of Advyzon, has been honored with the ThinkAdvisor 2024 Luminaries Award for Fintech Executive of the Year. This award recognizes his exceptional leadership and Advyzon’s commitment to empowering financial advisors with innovative tools. Under Li’s stewardship, Advyzon has excelled in providing comprehensive technology solutions, enabling advisors to deliver superior client experiences.
Li’s recognition highlights the pivotal role of leadership in driving fintech innovation. Advyzon’s success is a testament to how visionary leadership can redefine financial advisory services. As advisors increasingly rely on technology to navigate complex markets, platforms like Advyzon are becoming indispensable. The award also serves as a reminder that the human element—inspired leadership—remains crucial even in a tech-driven industry.
Source: Business Wire
Nubank Backs Tyme Group’s International Expansion
In a strategic move, Nubank has announced an investment in Tyme Group, a digital bank with operations in South Africa and the Philippines. This partnership aims to accelerate Tyme’s growth in emerging markets, leveraging Nubank’s expertise in scaling digital banking operations. Tyme’s unique business model focuses on financial inclusion, catering to underserved populations in developing economies.
Nubank’s investment signifies a growing trend among fintech leaders to expand their footprint in emerging markets. The collaboration between Nubank and Tyme underscores the potential of digital banking to bridge financial inclusion gaps. However, challenges such as regulatory complexities and technological infrastructure limitations in these regions must be addressed to ensure sustainable growth.
Source: Business Wire
Israeli Fintech Startups Gaining Global Momentum
Israel’s fintech ecosystem is making waves internationally, with startups leveraging the country’s robust tech culture and innovation-driven mindset. From payment solutions to cybersecurity for financial services, Israeli fintech firms are attracting significant investments and partnerships globally. This trend reflects the country’s position as a hub for technological advancement and entrepreneurial spirit.
The rise of Israeli fintech startups is a testament to the country’s ability to harness innovation for global impact. However, scaling these ventures beyond local markets remains a challenge. Strategic partnerships and a focus on addressing global financial challenges will be crucial for these startups to cement their position on the world stage.
Source: Calcalist Tech
Broader Implications for the Fintech Industry
- Enhanced Security in Crypto: Revolut’s initiative highlights the need for continuous advancements in fraud prevention. The increasing complexity of scams calls for adaptive security measures that can evolve with emerging threats.
- Recognition Drives Innovation: Bestow’s accolade and Hailin Li’s award demonstrate the power of recognition in fostering innovation. Industry acknowledgment not only boosts morale but also sets benchmarks for others to emulate.
- Global Collaborations: Nubank’s partnership with Tyme Group underscores the importance of cross-border collaborations in fintech. As markets globalize, such alliances will play a pivotal role in shaping the future of financial services.
- Emerging Market Opportunities: Investments in developing economies highlight the untapped potential of these regions. Fintech companies must focus on understanding local needs and challenges to create impactful solutions.
- Tech Hubs as Catalysts: The success of Israeli fintech startups emphasizes the role of regional tech hubs in driving industry growth. Policymakers and stakeholders must nurture these ecosystems to sustain innovation.
The post Fintech Pulse: Your Daily Industry Brief (Revolut, Bestow, Advyzon, Tyme Group, Nubank) appeared first on News, Events, Advertising Options.
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