Fintech Daily Information Briefing on [June 21, 2021]
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. At the same time, we also provide daily information briefings on financial technology. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
The following is the Fintech Daily Information Briefing on [June 21, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Petronas and sea enter the battle for five Malaysian digital banking licenses
More companies are expected to join in the race for the five digital banking licenses, with the last two weeks left before the deadline for the application. Petronas and sea Ltd, a Singapore listed Internet company, will also submit applications, according to relevant sources quoted by the newspaper. Malaysia’s digital banking license has aroused the interest of many enterprises at home and abroad. Previously, boost and Industrial Bank of Yatong announced that they would jointly apply for the license, while Sunway, Asian airlines and grab also expressed their willingness to participate.
[2]. Deutsche Bank discusses the application of AI technology in the field of securities services
Recently, Deutsche Bank published the special article “releasing the potential of AI in securities services”. This paper introduces and discusses AI technology and its application in the securities industry, relevant cases, governance considerations and other issues. This paper suggests that we should be prepared for the application of AI in securities service industry.
[3]. Paytm, an Indian payment giant, plans to issue $1.6 billion in new shares in November
In the evening news of June 18, 2021, paytm, India’s leading digital payment service provider, said it hopes to sell 120 billion rupees (about US $1.61 billion) of new shares in the IPO, plus 1% of potential over allotment (for Underwriters). Paytm will hold an extraordinary general meeting on July 12 to seek shareholder approval for the plan. On May 27, it was reported that paytm planned to list in India around November this year, with an estimated financing of 218 billion rupees (about 3 billion US dollars), making it the largest IPO in India’s history. People familiar with the matter also said at the time that paytm’s IPO target valuation was between $25 billion and $30 billion. On June 7, paytm confirmed to shareholders and employees that it plans to apply for an IPO and raise funds by issuing new shares and selling shares of existing shareholders. And the IPO plan has been approved in principle by the board of directors. Paytm also offers employees the option to sell shares in the company. Paytm has the largest market share in Indian merchant payment, and its main competitors include Wal Mart’s phonepe, Google payment, Amazon payment, and Facebook’s WhatsApp pay. According to the data, paytm has more than 20 million business partners, and its users conduct 1.4 billion transactions every month.
[4]. Ugandan Central Bank launches sandbox framework for financial technology start-ups
In mid June 2021, the Bank of Uganda (bou) announced the launch of a regulatory sandbox to allow financial technology start-ups to test their innovative financial solutions in a controlled environment. M / S wave transfer Limited has been approved to test its QR technology in the sandbox. Bou said in a recent statement that it is inviting more companies to develop and test financial innovation technology under this framework. According to the statutory instruments, some decisive factors that bou will consider include whether the innovation is real or whether the sandbox has consumer interests and protection. The bou will also consider the test readiness of the sandbox and the applicability of the exit plan. Meanwhile, legal documents say financial technology start-ups that want to be included in the regulatory sandbox framework will have to pay an application fee of about $290 (1 million Ugandan shillings).
If you want to get customized information, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.