Managers of Wealth Fintech

Marshmallow announces Series B funding round

InsurTech Marshmallow has raised $85m as part of its Series B funding round – making it the UK’s latest tech unicorn.

AI-driven voice assistant PolyAI raises $14M round led by Khosla Ventures

PolyAI builds and deploys voice assistants for automating customer services, which, claims the startup, sound like real humans.

Silicon Valley Bank is getting into tech investment banking

Auerbach is joining SVB from UBS, where he was its global co-head of technology, media and telecom investment banking and a member of the Swiss bank’s global management committee.

HSBC Global Wallet Expands Currency Offerings and Provides New Platform Capabilities

“Receive like a local” gives HSBC Global Wallet holders the ability to easily collect foreign currency into a US account, as if having an overseas account.

4 of the top FinTechs in Egypt that are flourishing in the financial sector

Much of this is accredited to a batch of policy level shifts. For example, last year, a new Egyptian Central Bank Law was put in place.

No phone zone: mobile phone bans to improve safeguarding and behaviour in UK

Although the majority of schools have policies in place limiting the use of phones in classrooms, rules and sanctions have not always been applied consistently.

4 German FinTech companies dominating the European market

Artificial intelligence and blockchain solutions, in particular, are being used much more frequently in this sector. Germany’s FinTech sector is geared to become number one in Europe.

Carey Olsen and Cavendish support Radix on Olympia mainnet launch

The Carey Olsen team advising Radix on the launch of both Olympia and Instapass was led by Chris Griffin

Financial Services & Banking News

The Parliament will consider the proposed Directive during its plenary session to be held from 18 to 21 October 2021.

Solana Hits All-Time High as Coin Rises 14% in 24H

Some people are starting to call this season "Solana Summer."

Only 14% of UK consumers ‘completely understand’ Open Banking - Ecommpay

The surveys also found some age disparities. 24% of 25-to-34-year-olds stated that they completely understand Open Banking, compared with 7% of over-55s.

Green FinTech Challenge and Digital Sandbox: which service to apply for

The Digital Sandbox is for firms at the early proof of concept stage, and the Green FinTech Challenge is for firms preparing to take their services to market.

Nedbank adds new features to its digital banking

The bank will unveil a number of other enhancements to its digital banking offering, including enhanced cellphone banking

Doors Opened for More Banks: SIX and Inventx Cooperate on Open Finance

As part of a technical partnership, Inventx and SIX will ensure the smooth interconnection of their complementary ix.OpenFinancePlatform and bLink open-finance hubs going forward.

Innovation: Bank of America Breaks Its Record for Artificial Intelligence and Digital Patent

In the first 6 months of 2021, Bank of America recorded the highest number of patents in its history. 227 patents granted by the United States Patent Office (USPDO).

After a Slow Start, American-Style Open Banking is Set to Catch and Eclipse European Rivals

“The U.S. should really focus on the consumer case, and on the compelling benefit the consumer is going to get,” he said, predicting that this type of approach would spur more innovation in the financial services sector here in the States, in

ADIB debuts Amwali, an Islamic digital proposition targeting GenZ

Account-opening can be done easily and effortlessly.

Calypso Technology and AxiomSL to operate under new name: Adenza

Adenza is dual headquartered in London and New York City, with nearly 2,000 employees, more than 60,000 users, and a customer base spanning the world’s largest financial institutions.

Sionic partners with CUBE

We’re turning regulatory data into regulatory intelligence

Dubai FDI supports expansion by Amazon Web Services in UAE

The development is supported by the UAE’s focus on promoting technology innovation, which makes it a prestigious global hub for entrepreneurs, e-governments, and multinational businesses.

Innovation & Startups