Global Fintech Network Aims to Transform Emerging Markets.

What we’ll cover today:

🚀 Driving Fintech Innovation for All.

🏃‍♂️ Adapt Faster Than Everybody Else.

📈 Key Trends Shaping the FinTech Evolution.

🔗 The Event Roundup.

Driving Fintech Innovation for All.

Ravi Menon, Singapore’s ex-central bank chief, is on a mission to make that happen.

He’s leading a new non-profit called the Global Finance and Technology Network.

Here’s what this network plans to do:

• Help governments customise fintech solutions to fit local needs.

• Connect these governments with major players like the IMF and World Bank.

• Fund startups focused on social impact, including digital payments and climate tech.

Menon’s vision is to bring digital finance solutions to emerging regions like Africa and Latin America.

His goals include expanding access, boosting financial resilience, and driving economic growth.

Here’s the whole article

1. Adapt Faster Than Everybody Else.

This is a podcast by FintechTalks.

In this, Simon Taylor talks about how financial world is evolving at lightning speed, & banks must focus on three key areas to stay ahead:

• Empathy & Perspective

• Agility & Speed

• Emerging Tech

Here's The Podcast.

2. Key Trends Shaping the FinTech Evolution.

This thread is from YouTeam (YC W18).

In this thread, they discussed the key trends shaping fintech, including mobile banking, cryptocurrency, insurtech, open banking, and robo-advisors, highlighting how these innovations are transforming accessibility, personalisation, and convenience in financial services.

Here’s The Thread

1. Oiling the wheels of trade with digitalisation.

From cross-border payments to blockchain-based financing, digitalisation is driving sweeping changes throughout the global trade ecosystem.

Leading experts discussed the role of digital payments, trade finance innovation, and new market ecosystems at a panel last week at Sibos 2024 in Beijing, China.

2. Instant payments are set to usher in a new era in digital banking, creating challenges and opportunities for banks.

According to the report, the past decade has seen the widespread use of Internet and mobile banking, along with digital wallets. 

Although these changes may appear transformative, they have often been achieved through patching or additions to existing legacy systems that are increasingly expensive to maintain and unfit for purpose.

3. Former PayU chief’s ed-fintech firm Zinc raises $25.5 mn in seed round from Nexus.

Launched by former PayU executive Prashanth Ranganathan, Singapore-headquartered Zinc aims to help Indian families financially prepare for their children’s overseas education. 

It offers services in wealth management and tailored education planning.