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.
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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