Japan is the world’s third-biggest economy. Its GDP per capita is just under USD 40,000, according to GDP per capita (current USD) - Japan, World. The World Bank. That’s almost four times the global average. The average Japanese consumer spends USD 1,666 a year with ecommerce merchants. And the Japanese ecommerce market, already worth over USD 160 billion, is growing by an impressive 9% a year, according to internal PPRO research.

Travelex notes today’s announcement released by Finablr, its indirect parent company, regarding their appointment of an accounting firm to advise on maximizing value in the Finablr Group.

Travelex reaffirms that it continues to take decisions, with input from PwC and supported by its other external advisors, regarding the operation of its business in the interests of all relevant stakeholders. Travelex notes that it has maintained a legal and financing structure within the Finablr Group that is capable of operating separately, on a stand-alone basis.

If there’s one feedback that insurance providers are continuously receiving from homeowners, it’s that consumers want insurance tailor-fit to their specific households. No more one-size-fits-all policies that no longer apply to society’s changing needs and wants.

This is a demand that InsurTech promises to meet, powered by its range of developing tech and the increasing adoption of smart home devices.

In furthering Singapore as the fintech hub of Southeast Asia, Global eTrade Services (GeTS) has announced its partnership with Aspire, a Singapore-based startup with aspirations of being Southeast Asia's SME Neobank leader.

The partnership will facilitate easier access for customers, especially SMEs, to trade financing on CALISTA™ Finance through CALISTA™, a global supply chain orchestration platform run by GeTS.

Strands will now offer its product suite on Oracle’s Banking-as-a-Service platform, allowing financial institutions of all sizes to leverage the Open Banking framework

Kasisto, creators of KAI, the leading digital experience platform for the financial services industry and Blue Turtle Technologies (Blue Turtle), South Africa’s leading enterprise technology partner, have announced that Absa Group Limited’s subsidiaries outside of South Africa, collectively known as Absa Regional Operations (ARO), have selected and deployed KAI, Africa’s first Conversational AI powered virtual banking assistant.

Alibaba Cloud recorded the fastest growth versus other global cloud service providers in the first half of last year, according to the latest Worldwide Semiannual Public Cloud Services Tracker from market research and advisory firm International Data Corporation (IDC).

Alibaba Cloud also kept its third-place ranking globally in the first half of 2019, continuing a steady climb that began in 2015.

Chargebacks911, the award-winning FinTech company that has successfully protected over 10 billion online transactions and has helped its clients recover $1+ billion in disputed revenue, announced today the appointment of Keith Clay “KC” Fox as its new Chief Product Officer.

Monzo has announced today that it is launching free and premium business accounts. From today, businesses can apply for a Monzo Business Account for £5 per month or a Business Lite account with no monthly fee. 

Both Monzo accounts are full UK current accounts and it's regulated by all the same rules as high street banks. Furthermore, eligible deposits in Monzo are FSCS protected up to £85,000.