Charles Moldow’s Post

Every FinTech founder dreams of a banking license. Tanzanian Fintech Selcom acquired a bank. Here is why this is interesting; https://lnkd.in/dxaJpvpi

Fintech adoption rate to hit 80% in Philippines - ZAWYA: A recent analysis by consumer finance firm Digido showed that the fintech ... fintech in the Philippines continues. Filipinos' expectations of ...

Generation X Leads Fintech Revolution Amidst Rising Partnerships Fintechs often offer significantly higher cash compensation compared to traditional banks. In fact, these offers can exceed private sector bank salaries by more than 50%. Read More: https://lnkd.in/g4wgiEeA #SightsInPlus #FintechIndustry #Partnerships #BankingIndustry #BFSI

India’s fintech sector is reshaping finance! From UPI revolutionizing digital payments to innovative solutions, fintech is democratizing access and enhancing efficiency. The future looks promising! You can find our detailed thoughts in the blog below.

Aiming to enhance customer experiences and service delivery? Here’s how embracing tech in finance revolutionises operations for microfinance institutions. https://lnkd.in/dXhfumd3 #Finezza #Fintech #CustomerExperience

Keytom | One bank for all digital assets, launches in the UAE #uaefintech #fintechuae #fintech #fintechnews #finance #technology #tech #technews #digitalbank #digitalbanking #neobank #neobanking #banking #digitalassets #startups #fintechstartups

As someone who has worked for just over 19 years closely in the International Remittances Business, and has believed in the power of technology driving efficiency in operations and costs, I find it really counter-productive when I see new so called Fintech revolutionaries whose only basis of growing business is to undercut commissions and sell at losses for customer acquisition. Customers are smarter than the investors who invest in these Fintechs! They use the freebies to the maximum extent, and when the Fintech runs out of Cash to burn which it raised at unrealistic valuations, and starts to get to market pricing, wham, they desert them in droves and go to another freebie provider! The critical thing to remember is that long term business continuity demands continuous investment in people and processes, both of which cost money, and unless the company is able to at least recover its full economic cost and then make a decent margin for the investors. So my friends in the Fintech International Remittance space, get your business models to focus on efficiency in operations and customer delight, at an economically justifiable price! Thats what we at Al Mulla Exchange have done and will continue to do!

Bank Alfalah Limited just announced the acquisition of a stake in fintech startup Jingle Pay Bank #Alfalah, one of Pakistan’s premier commercial banks, has acquired a 9.9% equity stake in #JinglePay, the MENAP region's fastest-growing #fintech. This strategic investment underscores Bank Alfalah’s commitment to digital transformation and financial inclusion across key markets, reinforcing its reputation as a leader in digital banking. Founded by Amir Fardghassemi, Jingle Pay specializes in cross-border money transfers and is licensed by the Dubai Financial Services Authority (DFSA). The fintech is backed by prominent investors such as MoneyGram International, G42-backed Applied AI, and leading US venture capital firms known for their investments in fintech giants like N26 and PayPal. With this support, Jingle Pay has established itself as a major player in the MENAP region, driving innovation in financial services. This deal marks a significant milestone as Jingle Pay prepares to launch its digital banking services in Pakistan in Q1 2025. The branchless mobile app aims to provide seamless and inclusive financial solutions, targeting Pakistan’s largely unbanked population. By leveraging Bank Alfalah’s extensive resources and Jingle Pay’s innovative platform, the collaboration promises to transform cross-border financial services while boosting financial accessibility in the region. Khan Faisal Farooq, Group Head of Corporate, Investment Banking, and International Business at Bank Alfalah, highlighted the transformative potential of this partnership, emphasizing their shared vision to lead the digital banking revolution. Meanwhile, Jingle Pay’s CEO, Amir Fardghassemi, described the alliance as a pivotal step toward enriching the digital economy and creating impactful cross-border financial solutions. The article on Finextra in the first comment.

The fintech industry is growing, bringing innovative changes to financial services, benefiting communities and consumers alike. Benefits of collaborating with Fintech: - Better Access: Fintech simplifies banking for all, enabling more people to open accounts, secure loans, and manage finances without visiting a bank. - More Convenience: Manage finances anytime, anywhere with mobile banking apps and online tools, eliminating the need for physical bank visits. - Cost Savings: Fintech companies often offer lower fees than traditional banks, leading to significant cost savings on banking services. - Personalized Services: Fintech firms provide tailored financial products through technology, enhancing money management efficiency. - Economic Boost: Fintech supports small businesses and entrepreneurs with loans and financial tools, fostering job creation and local economic growth. The growth of fintech is revolutionizing the accessibility, convenience, and affordability of financial services, paving the way for a brighter financial future for all. #fintech #financialservices #innovation #MENA #saudiarabia #KSA #M2P

5 Key Trends Shaping Fintech in India, According to KPMG - Fintech News Singapore: The report, titled “Fintech – powering India's US$5 trillion economy by fostering innovations, enabling inclusion and building a sustainable future”, ...