Have fintechs made life too complicated?

A financial services industry luminary writing in the venerable Financial Times has just declared that fintechs make people’s lives too complicated. And that a “proliferation of products” creates confusion, not clarity. Banks and fintechs stand accused of creating a “…bewildering array of financial products.” With all due respect, what rubbish! I can see his point, … Read more

Europe Equity Market Outlook: Fourth-Quarter 2022

Morningstar has published its latest Europe Equity Market Outlook: Fourth-Quarter 2022, showing data and analysis European equity markets for the fourth quarter of 2022. Here’s the main bit: Investor confidence has fallen to lows not seen since the very beginning of the coronavirus pandemic. This is, of course, unsurprising given the array of risks out there: high … Read more

JiPay throws in the towel

Singapore-based remittance app JiPay is being wound down. CEO Dayana Yermolayeva broke the news on LinkedIn. Why it matters: You rarely get honesty like this. Read it and wonder what might have been. Yermolayeva said: “I decided to wind down JiPay. We didn’t run out of money and we weren’t struggling to grow. In fact, … Read more

Jingle Pay joins forces with AFS

Jingle Pay

Financial app Jingle Pay, a provider of money services in the Middle East, North Africa and Pakistan, has joined forces with Arab Financial Services (AFS), a digital payments solutions provider and fintech enabler in the Middle East and Africa (MEA). So what? The pair say that they can now deliver “…unique digital payments and exceptional customer experience in the Kingdom of Bahrain.” It will … Read more

Buy a bit of an A380?

A380 auction

Neil Martin wonders if you’d like a bit of an A380 – the super ‘jumbo’ of Toulouse. This week you have the chance to buy a bit of an Airbus A380, the famous and mostly French-built leviathan which was designed to take on the famous Boeing 747. The wide-body, two deck A380 was conceived in … Read more

New fund targets Moroccan startups

Moroccan Startups

BMCA Capital Investment has launched a new venture capital fund to help Moroccan startups. The Moroccan based fund is raising money from local and overseas investors, hoping to hit MAD 50m ($4.5m). 👉Why it matters: Morocco is a hot spot for startups, many in the fintech and agritech spaces. Local and international investors are seeing … Read more

US Dexy launch

Hybrid banking app Dexy is about to launch in the US. It aims to help underbanked customers in emerging markets. It provides access to US dollars and cryptocurrencies. And it will enables SWIFT transfers to over 150 countries and the storage of stablecoin USDC and cryptocurrencies Bitcoin and Ethereum.