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Euronet Worldwide and Visa Partner Together to Fuel Fintech Growth in Asia Pacific, the World’s Fastest Growing Digital Payments Landscape

Euronet Worldwide and Visa Partner Together to Fuel Fintech Growth in Asia Pacific, the World’s Fastest Growing Digital Payments Landscape

LEAWOOD, Kan., Dec. 19 (Korea Bizwire) — Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, and Visa, the world’s leader in digital payments, today announced a strategic collaboration to fuel and sustain the growth of fintech companies in the Asia Pacific region. The partnership utilizes Euronet’s Digital Integrated Payment Cloud [...]

S. Korea OKs 3rd Internet-only Bank

S. Korea OKs 3rd Internet-only Bank

SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s financial regulator on Monday granted preliminary approval for a new internet-only bank, a move that could further fuel competition with established bigger players and foster the fledging market. The Financial Services Commission (FSC) gave the initial approval to the consortium led by South Korean fintech firm Viva [...]

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]

Three Consortia Apply for Internet-only Bank: Regulator

Three Consortia Apply for Internet-only Bank: Regulator

SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s financial regulator said Tuesday it received applications from three consortia, including one led by a fintech firm, for a license to set up a new internet-only bank. Fintech firm Viva Republica led one consortium, which included KEB Hana Bank, Hanwha Investment & Securities and the Korean unit [...]

Market FinTech Ranks CUBE Top RegTech Supplier in 2019 Report

Market FinTech Ranks CUBE Top RegTech Supplier in 2019 Report

LONDON, Oct. 2 (Korea Bizwire) — CUBE has announced that its regulatory intelligence and regulatory change management solution has achieved the overall number one ranking in the 2019 Market FinTech RegTech Suppliers Report. CUBE’s Digital Regulation Platform (DRP) was awarded the top spot in four key categories: Compliance, Risk and Due Diligence Universal Tool Regulatory [...]

Virtusa Increases Position in the 2019 IDC FinTech Rankings

Virtusa Increases Position in the 2019 IDC FinTech Rankings

SOUTHBOROUGH, Mass., Sept. 23 (Korea Bizwire) — Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it has been ranked at number 29 out of 100 on the 2019 IDC FinTech Rankings, increasing its position over the previous year.  Now in [...]

Indonesian Lending Startup JULO Raises $10M Series A2

Indonesian Lending Startup JULO Raises $10M Series A2

JAKARTA, Sept. 22 (Korea Bizwire) — JULO, a leading peer-to-peer lender offering personal loans across Indonesia, today announced a $10 million extension round to its Series A financing. The round was led by Quona Capital, a leading fintech venture firm whose funds are sponsored by Accion, with participation from existing investors Skystar, East Ventures, Provident, [...]

Regulator to Ease Investment Rules on Financial Firms for Fintech Sector

Regulator to Ease Investment Rules on Financial Firms for Fintech Sector

SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s financial regulator said Wednesday it will ease some rules on financial firms investing in fintech firms, as part of its effort to promote the fintech industry. The new guideline, unveiled by the Financial Services Commission (FSC), will expand the scope of fintech firms for which financial firms’ [...]