Supporting the growth of small businesses everywhere is one of the many way FedEx invests its charitable resources. The COVID-19 pandemic has negatively impacted thousands of entrepreneurs, especially when it comes to getting access to capital funding. That’s why FedEx is collaborating with nonprofits like Acción, one of the world’s leading global microfinance organizations. In Brazil, FedEx is helping support financial technology start-ups, often called fintech, through the Acción Venture Lab.
At PayPal, we harness the power of technology to help connect people to the causes they care about. Watch how we continually seek new ways to increase charitable giving and engage our PayPal users to make a difference in the community.
PayPal is committed to harnessing the power of our technology and scale to help charities raise mission-critical funds and provide new ways for people to connect and give to the causes they care about – anytime, anywhere, and in any amount. Watch the video above to see how we’re powering charitable giving around the world.
The financial technology, or fintech, revolution is gaining momentum in the MENA (Middle East/North Africa) region. Fintech investments in MENA totaled $18 million in 2016. In 2017, that figure was surpassed by a single $20 million round raised by the payment platform Paytabs, leading to heightened interest among investors: Wamda Research Lab, for example, puts total 2017 fintech investments in MENA at more than $50 million, a 270 percent year-over-year increase.
Bank of Nova Scotia has launched “digital factories” in five countries in a bid to attract top tech talent and speed up the development of online and mobile banking solutions.
The flagship factory in downtown Toronto, which executives opened up to media on Thursday, is being joined by four smaller versions in South America and Mexico, where Scotia has traditional banking operations.
The plan is for the factories to collaborate with each other, as well as with upstart financial technology companies that are influencing the way people choose to do their banking.
Directory Designed to Create More Awareness of Available Funding
CHARLOTTE, N.C., October 1, 2015 /3BL Media/ – Bank of America announced today the launch of an online community development financial institution (CDFI) directory to connect small businesses to more capital. This nationwide directory, www.bankofamerica.com/cdfi, will enable entrepreneurs and small business owners to find a CDFI in their community, creating an opportunity to access funding to help grow their businesses.
Center for Financial Services Innovation and JPMorgan Chase today commit capital and technical assistance to nine innovative fintech organizations solving cash flow management challenge
CHICAGO, June 11, 2015 /3BL Media/ -Today the Financial Solutions Lab (“FinLab”) announced nine financial technology innovators as the winners of its $3 million, inaugural competition aimed at identifying solutions that help households better manage their finances on a tight budget. Each winner will receive $250,000 in capital and additional resources to test and expand the availability of their products and services. Winners are building solutions to help people save, manage their finances, access short-term credit and reduce debt - addressing a financial challenge faced