The Fintech News Network is pleased to announce the launch of our eighth publication: Fintech News Africa. The Fintech News Network is an industry publication covering fintech and digital news across the globe. Our readers are from established financial institutions as well as budding fintech startups. Eight publications are currently present in four continents, covering fintech news across 44 different countries. 

R3, the enterprise blockchain software firm, today announced a partnership with Red Date Tech, a key infrastructure developer of China's Blockchain-based Service Network (BSN), to license Corda Enterprise for the development of a permissioned blockchain network in China and a free Corda-based Open Permissioned Chain on BSN China.

The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that DTCC’s ALERT, the industry’s largest and most compliant web-based global database for the maintenance and communication of account and standing settlement instructions (SSIs), has passed a key milestone with over ten million SSIs now included in the service— an increase of 12% in the past twelve months.

Sumsub, a startup that helps companies fight money laundering and online fraud, has invested over $1M in software development—aiming to deliver leading tech for over 1000 global clients. Its latest feature is “Prooface,” a refined liveness solution for ID verification and onboarding that is commonly used in digital banking industry.

Goode Intelligence’s (www.goodeintelligence.com) latest research, Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2021-2026 – 3^rd Edition, reveals that biometrics is now a must-have technology to secure payments across all payment channels – not just mobile – enabling convenient, secure and touchless payments in both physical and digital payment channels.  The impact from the Covid-19 pandemic on the use of biometrics has been eno

NYMBUS®, a leading provider of banking technology solutions, today introduced a new Credit Union Service Organization (CUSO), Nymbus CUSO. Founded to help credit unions meet industry challenges, its mission is to break through barriers to growth by connecting credit unions with trusted fintech offerings that enable opportunities for generating new revenue streams while deepening connections and value to members.

The FinTech industry is one of the fastest-growing industries despite the effects of COVID-19 slowing down its momentum. One of the more recent successes to come out of the FinTech industry is Robinhood Markets, Inc. or simply known as Robinhood. The company was founded in 2013 and officially launched its mobile-app that allowed investors to invest in commission-free trades of stocks and exchange-traded funds in 2015.

A new survey from digital payments expert, PayPoint, confirms that today’s consumers are ready and waiting for immediate, transparent and flexible payment tools to help them manage their financial commitments. Email and SMS as a means of communication far outweigh the traditional ‘letter in the post’ or a phone call – and importantly, a regular, timely digital nudge from finance providers would be welcomed by the majority to ensure they keep on top of payments and avoid arrears.

Surecomp®, the leading provider of global trade finance and treasury solutions for banks and corporates, today announced that Banco Internacional has chosen to enhance its end-to-end trade finance process by deploying Surecomp’s cloud-based Trade Finance as-a-Service (TFaaS).  

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it has renewed its strategic partnership and services footprint with Nationwide Building Society, the world’s largest building society and one of the largest savings and mortgage providers in the UK, to help strengthen the latter’s enterprise agility and operational resilience.