Curated by www.knowledgeinnovations.com – Your authoritative knowledge source mapping FinTech, Innovations, Artificial Intelligence, Blockchain, Big Data, Machine Learning
16th October, 2021
Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.
In this edition, The Most Popular FinTech Apps in Ghana: Among Ghanaians, Fido Ghana leads mobile apps, closely followed by Fidelity Bank, and LendingPapa as third in a survey by Knowledge Innovations – Ghana’s first FinTech Market Watch on the FinTech industry’s performance, based on mobile apps popularity among consumers to provide insights into Ghana’s fledgling Financial Technologies Market.
Shipment of Bitmain’s Antminer Crypto Mining Rigs To China Discontinued: Bitmain, a Chinese manufacturer and the world’s leading producer of cryptocurrency mining hardware, has stopped operating in China due to the crypto ban imposed – carbon-neutral policies by local authorities. The company, however has not been closed, instead it continues to supply its Antminer crypto mining rigs to users across the world including Hong Kong. Its production capacity for mobile mining containers has increased.
UNCDF Launches the LENGA Financial and Digital Literacy App in Rwanda: With daily unlimited wants influencing unceasing purchasing, clients (Rwandans) are required to make informed choices and manage their money. The United Nations Development Fund (UNCDF) has launched “LENGA”, a new app to aid in building Rwanda’s financial and digital literacy.
Payday secures $1 million pre-seed fund to build “Paypal for Africa”: Payday,an African fintech startup which facilitates the sending and receiving of money globally from Africa and enables payments between foreign employers and clients secures a one million dollars pre-seed fund to build “Paypal for Africa” to enhance its efforts to enable swift global payments for Africans.
Usage of Fintech Apps Increases in Britain: COVID-19, accompanied by lockdown has led to an increase in innovative ideas and adoption of digital transaction – a rush in downloading Fintech apps.
Digital Currency:The African Drive: Gradually, digital currency is becoming the order of the day in Africa. Nigeria is about launching its eNaira, Ghana is on the path way to have eCedis while other African countries, like South Africa and Mauritius are also considering having their digital currency.
Register Now – 2nd Cohort Professional Certificate in Financial Technologies (FinTech) & Innovations: Registration is opened for the 2nd Cohort Professional Certificate in Financial Technologies (FinTech) and Innovations organized by the Sam E. Jonah School of Business of African University College of Communication in partnership with Knowledge Innovations.
EVENTS
Fintech Surge October 17 – 20, 2021, Dubai : A conference to power the New Future of Finance on the intersection between technology and finance, Fintech
2021 Canada Fintech Forum October 27 – 29,2021 VIRTUAL : A three-day forum on Financial Services as a service,Cybersecurity and data and Crypto and DeFi.
Singapore FinTech Festival 2021 8 – 12 November,2021 Hybrid: Organised by the Monetary Authority of Singapore, the Singapore FinTech Festival (SFF) is on its 6th edition under the theme,the impact of Web 3.0 on financial services which will cover Designing financial services, Building financial services and Sustainable financial services on Web 3.0
India FinTech Awards (IFTA) 2021 23rd – 25th November 2021 Virtual: IFTA brings you an ideal networking platform to demo your innovation and meet senior executives of banks, CXOs of fintech firms, accelerators, regulators, and business media
5th Global Conference on Criminal Finances and Cryptocurrencies 7–8 December 2021 Virtual: A joint initiative of the Basel Institute on Governance, INTERPOL and Europol to create a network of practitioners and experts who can collectively establish best practices and provide assistance and recommendations in this fast-evolving field.
CALL FOR NOMINATIONS
FINTECH OUTLOOK OPENS NOMINATIONS
Nominations are now Open for the Ghana Fintech Outlook 2021 awards: The Ghana Fintech Outlook Awards opens nominations to all Ghana companies contributing to the growth of the financial and technology ecosystem. Nominations close on November 1,2021.
ETT OPPORTUNITIES
India – A global FinTech Superpower
India has the highest FinTech adoption rate globally – the fastest growing Fintech markets in the world with 67% of its 2,100+ FinTechs been setup over the last 5 years. Its fintech market is currently valued at $31 Bn and is expected to grow to $84 Bn by 2025, at a CAGR of 22%. The transaction value size is expected to get to $138 Bn by 2023, at a CAGR of 20%.The industry has seen cumulative investments into domestic FinTechs of more than $10 Bn since 2016. Meanwhile, 2015 saw Payments and Alternative Finance segments constituting more than 90% of the sector’s investment flows and there has been a major shift towards a more equitable distribution of investment across sectors since. And Amongst India’s 50+ FinTechs with more than $100 Mn valuation, there are 4 Wealth and Broking FinTechs, 5 InsurTechs and 8 SaaS FinTechs
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