Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. Valued at USD35 billion, Stripe also announced a partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country.

Dirk Vesper, Vice President Product Management, valantic at Sibos 2019

No industry is as driven by the technology transformation as fintech is. According to PwC, 

more than 81% of banking CEOs are considering the impact of digitalization on their field. 

Rapid deployment and innovation are required in today’s digital banking market. Seventy-two percent of online-only bank users are now more likely to switch banks for better digital services.*

NYMBUS licensed NCR’s D3 Digital Banking platform (D3) to provide comprehensive digital interactions in conjunction with its SmartCore® private cloud-based core processing platform. The combination of the NCR and NYMBUS platforms will allow financial institutions to rapidly deploy new digital bank brands to consumer and business customers.

Tide, the leading digital business banking platform, has today announced it has raised £44.1 million (US$54.3 million) in a first-round of Series B funding*. The round was led by specialist fintech investment companies, The SBI Group and Augmentum Fintech plc (“Augmentum”). 

Japan-based The SBI Group is one of the world’s leading fintech investment companies, Augmentum is one of Europe’s leading fintech VCs and the UK’s only listed fund specialising in fintech.

Being a vast majority among businesses worldwide, SMEs generate only about a fifth of banks’ income. Looks like a great big pool of unmet needs.