EXAMPLE. As of October 21, 2024, the total number of loan companies licensed by the OJK is 97 companies. Reporter: Barratut Taqiyyah Rafie | Editor: Barratut Taqiyyah Rafie KONTAN.CO.ID – Online loans, aka pinjol, are becoming increasingly popular in Indonesia. Therefore, the public is advised to be careful in choosing pinjol. If you want to … Read more
Jakarta – The Indonesian Fintech Funding Association (AFPI) appreciates the decision of the Financial Services Authority (OJK) to revoke the business license of PT Investree Radhika Jaya. AFPI sees this decision as a form of OJK’s commitment to maintain stability and trust in the fintech lending industry. AFPI General Chairman Entjik S. Djafar said the … Read more
Digitalization is helping African emerging countries to move directly into modernity with technological leaps – for example through mobile communications, which are easier to install than a landline in remote regions. Mobile technology allows African countries to skip a few intermediate technological steps, such as lending. It focuses more on larger companies, while small and … Read more
Mexico City. Mercado Pago, the fintech of the Latin American e-commerce giant Mercado Libre, announced this Wednesday that it has applied to the Mexican authorities for a banking license, with which it will seek to become the largest digital bank in the country. At the end of last year, one of its main competitors, the … Read more
Advances in open finance and Pix in Brazil Use cases for open finance are beginning to emerge and the combination of this with artificial intelligence will drive its adoption. This reflection by Otávio Damaso, director of regulation at the Central Bank of Brazil (BCB)he made in his speech at the opening of Fintouch 24, an … Read more
BREAKING NEWSSeptember 19, 2024 at 1:22 PM UTC TLDR South Africa’s central bank cuts its benchmark interest rate by 25 basis points to 8% in response to expectations of global easing. Governor Lesetja Kganyago announces the rate cut at a press conference, in line with most economists’ forecasts. In South Africa, inflation has fallen below … Read more
EXAMPLE. As of July 12, 2024, the total number of loan companies licensed by the OJK is 98 companies. KONTAN/Carolus And Waluyo Reporter: Barratut Taqiyyah Rafie | Editor: Barratut Taqiyyah Rafie KONTAN.CO.ID – Online loans, aka pinjol, are becoming increasingly popular in Indonesia. Therefore, the public is advised to be careful in choosing pinjol. If … Read more
Mexico Metropolis. Mexico is a rustic during which digital monetary establishments (fintechs) should take “a step again” and supply fundamental monetary merchandise to individuals over the brand new options that emerge day-after-day, since these are essentially the most required and in demand, stated Andrés Fontao, co-founder of Finnovista. He indicated that the sector fintech In … Read more
Mexico Metropolis. Mercado Pago, the monetary agency of Mercado Libre, has stepped on the accelerator to develop into a financial institution, and its objective is to submit all the required documentation to the authorities to acquire its new license earlier than the change of presidency, reported Ramiro Nández, industrial director of the establishment. “We now … Read more
In a clear indication of things to come from the advancement of artificial intelligence, Klarna, Europe’s most valuable fintech startup, has just released a post highlighting the success of its OpenAI-powered customer service chatbot. According to Klarna, the chatbot managed an impressive 2.3 million conversations in the last month alone. That’s not all. The company … Read more