Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech

Startup Vietnam Foundation (SVF) Announces The Grand Vision to Mark Vietnam on the Global Map

Published

on

Reading Time: 1 minute

 

Startup Vietnam Foundation (SVF), the first Socialized and Non-profit Foundation established in 2014 to support innovation ecosystem in Vietnam, held its Annual Meeting of Key Stakeholders on July 4, 2019 to announce the Grand Vision for 2020-2025.

July 2019 marks the milestone of Startup Vietnam Foundation (SVF) as it enters the fifth year of operation. During the annual meeting with 200 key stakeholders in the innovation ecosystem including government officials, entrepreneurs, universities, research centers, investors, communities and mentors, SVF announced “SVF 2020 – 2025: The Grand Vision”, further establishing its commitment to support the National Innovation Ecosystem.

With the Grand Vision as “Marking Vietnam on the global map by local’s technology core competency”, SVF will focus on three activity pillars in the next phase 2020-2025:

  1. Impact Ecosystem by further facilitating, collaborating and connecting with all ecosystem builders and supporters.
  2. Empower Tech by strengthening the competitive advantages for agritech, fintech and tech startups
  3. Connect Investment by leveraging its local and global network for investment, trade and commercialization opportunities.

SVF expressed gratitude to hundreds of its partners and mentors during the meeting, further calling out for collaborations from all stakeholders in the national innovation ecosystem. Notably, SVF also officially announced its flagship nation-wide initiatives to broaden its impact on the innovation ecosystem in Vietnam, namely the National Grant Scheme to support other ecosystem builders’ activities, the annual Local Economic Forum, the Innovation Development Programs for students, entrepreneurs, local governments and investment.

Vietnam is unleashing its potential for tech growth. SVF commits to be the bridge to support any global partners to come and collaborate with Vietnam innovation ecosystem. We call out for all global partners to connect with us and explore Vietnam – one of the most active emerging countries in South Asia,” said Mr. Pham Duy Hieu – Vice Chairman of SVF.

 

SOURCE Startup Vietnam Foundation

Fintech

Fintech Pulse: Your Daily Industry Brief (Nuvei, Google, Upvest, Gen Digital, MoneyLion)

Published

on

fintech-pulse:-your-daily-industry-brief-(nuvei,-google,-upvest,-gen-digital,-moneylion)

 

In a week brimming with strategic moves and regulatory discussions, the fintech landscape demonstrated resilience and innovation. From Nuvei’s enhanced partnership with Google to Upvest’s monumental funding round, the sector continues to shape the future of global finance. Let’s unpack the key developments that signal the industry’s trajectory.


Nuvei Expands Google Partnership, Eyes LATAM Growth

Nuvei, a global payment technology provider, has deepened its partnership with Google by integrating Google Pay into its cashier solutions, targeting the burgeoning Latin American market. This move underscores the growing demand for seamless payment experiences in a region witnessing a digital payment revolution. By enabling local merchants to accept Google Pay, Nuvei aims to bridge the gap between traditional and digital financial systems.

Latin America, with its rapidly increasing smartphone penetration and digital-savvy population, offers fertile ground for such innovations. Nuvei’s strategic positioning in this market could pave the way for broader adoption of digital wallets, enhancing financial inclusion and user convenience.

Source: PR Newswire


Upvest Secures $105 Million to Transform Stock Trading APIs

Berlin-based fintech Upvest has closed a $105 million funding round, cementing its position as a key enabler of embedded investment solutions. The company’s stock trading API powers platforms like N26 and Revolut, highlighting its integral role in democratizing access to financial markets. The funding round, backed by prominent investors, signals confidence in Upvest’s vision to simplify investment infrastructures.

This infusion of capital will likely accelerate Upvest’s product development and geographic expansion, further empowering fintechs to integrate trading capabilities seamlessly. In a market increasingly drawn to embedded finance, Upvest’s growth underscores the importance of adaptable and robust technology solutions.

Source: TechCrunch


FSOC Warns of Fintech and Crypto Risks

The U.S. Financial Stability Oversight Council (FSOC) has raised alarms about the financial ecosystem’s unpreparedness for the rising influence of fintech and cryptocurrency. In its latest report, FSOC highlighted vulnerabilities in traditional financial institutions stemming from their exposure to the rapidly evolving digital finance sector.

Advertisement

The report calls for enhanced regulatory frameworks and cross-agency collaboration to address systemic risks. As fintech and crypto continue to blur the lines between finance and technology, policymakers must navigate the delicate balance of fostering innovation while safeguarding financial stability.

Source: PYMNTS


HSBC Leverages AI for Enhanced Customer Experiences

HSBC has unveiled a suite of AI-driven tools aimed at transforming its customer service operations. By integrating generative AI into its processes, the bank seeks to deliver more personalized and efficient customer interactions. This move aligns with a broader trend of financial institutions embracing AI to streamline operations and improve user experiences.

As banks like HSBC invest heavily in AI, questions around data privacy and ethical use remain critical. However, the potential for AI to revolutionize traditional banking processes cannot be overstated, marking a significant step toward a more customer-centric financial ecosystem.

Source: Financial Times


Gen Digital’s $1B Acquisition of MoneyLion

In a strategic acquisition valued at $1 billion, Gen Digital is set to acquire MoneyLion, a leading financial technology platform. This deal represents a consolidation trend in the fintech space, as established players seek to expand their capabilities through targeted acquisitions. MoneyLion’s suite of financial tools, including banking, lending, and investing solutions, complements Gen Digital’s portfolio, promising synergies that could redefine digital financial services.

As the fintech sector matures, such acquisitions highlight the importance of scale and diversification in remaining competitive. Gen Digital’s bold move positions it to capitalize on emerging opportunities in the ever-evolving digital finance landscape.

Source: Banking Dive


Analysis

This week’s developments underscore several critical trends shaping the fintech industry:

  1. Strategic Partnerships and Market Expansion: Nuvei’s collaboration with Google exemplifies the power of partnerships in tapping underserved markets. As LATAM’s digital payment ecosystem grows, such alliances will likely proliferate.
  2. Funding Momentum in Embedded Finance: Upvest’s funding success highlights investor appetite for platforms enabling embedded finance. With global demand for accessible trading solutions, companies like Upvest are well-positioned for sustained growth.
  3. Regulatory Scrutiny: FSOC’s warnings reflect the growing pains of integrating fintech and crypto into traditional finance. Effective regulation will be pivotal in fostering a secure and innovative financial ecosystem.
  4. AI Integration in Banking: HSBC’s AI initiatives illustrate the transformative potential of technology in enhancing customer experiences. However, the ethical implications of such advancements must not be overlooked.
  5. Consolidation and Diversification: Gen Digital’s acquisition of MoneyLion underscores the value of diversification in navigating the competitive fintech landscape. As the industry matures, consolidation will likely become a recurring theme.

What’s Next for Fintech?

As we close the year, the fintech sector shows no signs of slowing down. The convergence of technology, innovation, and regulation will continue to define its trajectory. Stakeholders must remain agile, leveraging opportunities while addressing emerging challenges.

Stay tuned to Fintech Pulse for the latest insights and analysis shaping the future of financial technology.

Advertisement

 

The post Fintech Pulse: Your Daily Industry Brief (Nuvei, Google, Upvest, Gen Digital, MoneyLion) appeared first on News, Events, Advertising Options.

Continue Reading

Fintech

Fintech Pulse: Your Daily Industry Brief (IBANera, FIS, Citigroup, Gen Digital, Mynt)

Published

on

fintech-pulse:-your-daily-industry-brief-(ibanera,-fis,-citigroup,-gen-digital,-mynt)

 

The fintech sector is buzzing with developments today, ranging from strategic acquisitions to significant funding rounds and innovative product launches. Here’s an in-depth briefing on the latest news, crafted to keep you ahead of the curve.

IBANera Teams Up with FIS to Launch U.S. Prepaid Card Programme

IBANera, a global financial services provider, has partnered with FIS to roll out a new U.S. prepaid card program. This initiative is set to enhance payment solutions for consumers and businesses alike. By leveraging FIS’s advanced payment processing technology, IBANera aims to provide seamless, secure, and efficient financial services.

This move is part of IBANera’s broader strategy to diversify its offerings and strengthen its foothold in the U.S. market. The prepaid card program is designed to cater to a range of customer needs, from everyday transactions to business expenditures, reflecting a growing demand for flexible financial tools.

Source: Fintech Futures

Abu Dhabi Fintech Secures $500 Million Credit Line from Citi

In a significant development, an Abu Dhabi-based fintech company has secured a $500 million line of credit from Citigroup. This funding aims to bolster the company’s operational capabilities and support its expansion plans.

The credit line highlights Citi’s confidence in the UAE’s burgeoning fintech ecosystem, which is rapidly becoming a global hub for financial innovation. The unnamed fintech’s strategic initiatives include leveraging this capital to enhance its digital platforms, enter new markets, and broaden its product offerings.

Source: Bloomberg

Gen Digital Acquires MoneyLion in $1 Billion Deal

Cybersecurity giant Gen Digital has acquired fintech platform MoneyLion for a whopping $1 billion. This landmark deal underscores the increasing convergence of cybersecurity and financial technology. MoneyLion’s robust financial tools, including personal finance management and investment solutions, will now integrate with Gen Digital’s cybersecurity expertise.

Advertisement

This acquisition is poised to create a unique synergy, offering consumers comprehensive financial and digital protection services. Gen Digital’s move also signifies a broader trend where cybersecurity firms are diversifying their portfolios to include fintech solutions.

Source: Fintech Futures

Australian Fintech Report Highlights Blockchain and Crypto Sector Decline Amid AI Boom

A recent report from Australia sheds light on a contraction in the country’s blockchain and cryptocurrency sector. The decline is attributed to a global pivot toward artificial intelligence (AI) technologies, which are increasingly dominating the innovation landscape.

While blockchain and crypto startups face headwinds, AI-driven fintech solutions are witnessing robust growth. The report suggests that companies are reallocating resources to capitalize on AI’s transformative potential, indicating a significant shift in industry priorities.

Source: Bitcoin.com

Swedish Fintech Mynt Raises €22 Million in Series B Funding

Swedish fintech startup Mynt has successfully closed a €22 million Series B funding round. The funding was led by prominent investors, including local and international venture capital firms.

Mynt specializes in providing innovative financial solutions for small and medium-sized enterprises (SMEs). The new funding will be used to accelerate product development, enhance customer experience, and expand into new European markets. Mynt’s growth trajectory reflects a strong demand for SME-focused fintech services.

Source: Tech.eu


Analysis and Insights

Strategic Partnerships and Product Expansion

IBANera’s collaboration with FIS exemplifies the growing trend of fintechs partnering with established tech providers to co-create innovative solutions. Such partnerships are essential for scaling operations and meeting the ever-evolving demands of customers.

Funding Milestones and Market Confidence

The $500 million credit line secured by the Abu Dhabi fintech indicates a robust level of trust in the MENA region’s fintech potential. This aligns with broader efforts to position the UAE as a global fintech leader.

Advertisement

Mergers and Acquisitions Driving Industry Convergence

The Gen Digital-MoneyLion deal is a testament to the increasing overlap between fintech and cybersecurity. As financial services become more digital, the need for integrated cybersecurity solutions is paramount.

Shifting Technological Priorities

Australia’s report on blockchain and crypto highlights a critical inflection point. The shift towards AI demonstrates how quickly technological priorities can change, urging companies to adapt swiftly to maintain relevance.

Support for SMEs

Mynt’s successful funding round underscores the importance of fintech solutions tailored to SMEs. As SMEs are pivotal to economic growth, fintechs like Mynt play a crucial role in empowering this sector.


Closing Thoughts

Today’s updates showcase the dynamism and resilience of the fintech industry. From strategic partnerships to bold acquisitions and shifts in technological focus, the sector continues to evolve at a remarkable pace. Staying attuned to these developments is essential for stakeholders looking to navigate this ever-changing landscape.

 

The post Fintech Pulse: Your Daily Industry Brief (IBANera, FIS, Citigroup, Gen Digital, Mynt) appeared first on News, Events, Advertising Options.

Continue Reading

Fintech

Fintech Pulse: Your Daily Industry Brief (Waymo, Paytend, LexisNexis Risk Solutions, Centana Growth Partners, IDVerse)

Published

on

fintech-pulse:-your-daily-industry-brief-(waymo,-paytend,-lexisnexis-risk-solutions,-centana-growth-partners,-idverse)

 

The Shifting Sands of Fintech in 2024: Key Updates and Insights

The fintech industry continues to evolve as innovation, strategic hiring, and notable acquisitions define the landscape. Today’s briefing delves into Australia’s crypto shakeup, Waymo’s autonomous vehicle advancements, Centana Growth Partners’ funding milestone, Paytend’s leadership appointment, and LexisNexis Risk Solutions’ latest acquisition.


Australia’s Crypto Exodus: A Warning Sign for the Industry?

Australia’s fintech and crypto ecosystem is witnessing a seismic shift. According to a report by KPMG, nearly 30% of the country’s crypto-related businesses are set to shut down in 2024. This alarming trend stems from stricter regulatory measures, waning investor confidence, and an increasingly competitive global environment.

While some view this contraction as a natural market correction, others express concerns about stifling innovation. As regulators demand more transparency and tighter compliance, businesses that cannot meet these standards are bowing out.

The impact could resonate beyond Australia’s borders, offering lessons for other nations balancing growth and regulation in the crypto space.

Source: Cointelegraph


Waymo Expands Autonomous Ride Services to Miami

Autonomous driving leader Waymo has announced the expansion of its ride-hailing services to Miami, marking another milestone in the company’s strategic growth. Miami residents will soon have access to fully driverless rides, reflecting Waymo’s confidence in its technology’s reliability in diverse urban environments.

The Florida city presents unique challenges, including unpredictable weather and heavy pedestrian traffic. However, Waymo’s previous successes in Phoenix and San Francisco suggest the company is well-prepared to navigate Miami’s bustling streets.

This move further cements autonomous vehicles as a transformative force in urban mobility and a burgeoning opportunity for fintech players exploring payments and insurance integrations within this ecosystem.

Advertisement

Source: Waymo Blog


Centana Growth Partners Closes $600 Million Fund III

Centana Growth Partners has successfully closed its third fund at $600 million, underscoring the strength of investor interest in fintech and adjacent sectors. Fund III aims to back companies at the intersection of technology and financial services, focusing on growth-stage investments.

Centana’s previous portfolio includes trailblazing firms in payments, compliance, and insurance tech, showcasing its ability to identify and nurture game-changing startups. With Fund III, the firm intends to double down on innovative solutions addressing efficiency, customer experience, and regulatory needs within the financial ecosystem.

The substantial capital inflow highlights the sustained appetite for fintech innovation, despite broader market uncertainties.

Source: BusinessWire


Paytend Appoints Thibault Verbiest as Chairman

Lithuanian fintech company Paytend has tapped industry veteran Thibault Verbiest as its new chairman. Verbiest, a seasoned legal and fintech expert, brings decades of experience in blockchain, compliance, and digital payments to the role.

Under his leadership, Paytend aims to strengthen its position in Europe’s competitive fintech landscape. The company has ambitious plans to expand its offerings in digital banking and cross-border payments. Verbiest’s appointment is seen as a strategic move to navigate complex regulatory landscapes while accelerating innovation.

This leadership change underscores the importance of expertise in steering fintech firms toward sustainable growth in an era of heightened competition and scrutiny.

Source: Fintech Futures


LexisNexis Risk Solutions to Acquire IDVerse

In a strategic move to bolster its identity verification capabilities, LexisNexis Risk Solutions has entered into a definitive agreement to acquire IDVerse. The acquisition aligns with LexisNexis’s commitment to enhancing digital identity and fraud prevention solutions, critical components of modern financial ecosystems.

Advertisement

IDVerse, known for its advanced AI-powered identity verification technology, complements LexisNexis’s existing suite of tools. The deal is expected to accelerate the adoption of secure, seamless onboarding processes across sectors, including fintech, e-commerce, and banking.

This acquisition reflects the growing demand for robust identity solutions as digital fraud continues to rise globally.

Source: PR Newswire


Key Takeaways

  1. Regulatory Realities: Australia’s crypto shutdown highlights the delicate balance between fostering innovation and enforcing compliance.
  2. Tech-Driven Mobility: Waymo’s Miami expansion signals the mainstreaming of autonomous ride-hailing.
  3. Venture Resilience: Centana Growth Partners’ $600 million Fund III underscores confidence in fintech’s potential.
  4. Leadership Matters: Paytend’s strategic appointment of Thibault Verbiest highlights the role of expertise in navigating complex markets.
  5. Fraud Prevention Evolution: LexisNexis’s acquisition of IDVerse reaffirms the centrality of secure identity solutions in fintech.

 

The post Fintech Pulse: Your Daily Industry Brief (Waymo, Paytend, LexisNexis Risk Solutions, Centana Growth Partners, IDVerse) appeared first on News, Events, Advertising Options.

Continue Reading

Trending