Managers of Wealth Fintech

Global Surge in UHNWIs Driven by Tech Entrepreneurs and Emerging Markets

The Global Wealth Report 2024 by UBS attributes much of this increase to entrepreneurial activity.

Abu Dhabi fintech FlapKap secures $34M in debt and equity funding

Abu Dhabi-based FlapKap, a leading fintech platform providing revenue-based and embedded financing solutions in the MENA region, today announced the completion of $34M in new debt and equity funding.

Krom Bank Leverages AWS Cloud to Accelerate Digital Banking Innovation in Indonesia

The Bank built its database using Amazon Aurora

Chrysos Corporation sets gold standard in Australian innovation

CommBank supports environmentally-friendly assaying technology with $95m Green Loan.

Progress to buy Cloud Software unit ShareFile for $875 million

Progress said it would also suspend its quarterly dividend as of the closing of the ShareFile acquisition

Brazil preps new round of CBDC pilots

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

Gen AI for compliance startup Sedric Ai raises $18 million

Nir Laznik, co-founder and CEO of Sedric, says the company has increased revenue five-fold over the last 12 months

DeFi Technologies and Professional Capital Management Partners to Enter U.S. ETF Market

This joint venture is about pushing the boundaries of what is possible in the ETF space and delivering value to a broader range of investors.

Bank of Mauritius opens ‘Innovation Hub’ to foster fintech development

By harnessing the collective expertise and creativity of these key players, the Innovation Hub will focus on driving innovation and accelerating the growth of the fintech ecosystem in Mauritius.’

Security Bank showcases technology excellence through its Enterprise Operational Data Platform

With the Enterprise ODP, Security Bank is transforming its approach to delivering exceptional customer service.

PayPal Ventures leads $15m Series A for Brazilian fintech Ume

Ume says the funding will “enable us to further leverage Pix and AI, expanding our platform to reach even more businesses and consumers nationwide”.

How GCash is Evolving to be a Global Fintech Powerhouse

These developments mark a period of substantial growth and transformation for GCash as the firm further enhance its market position both domestically and internationally.

Natixis sells private credit business MV Credit to Clearlake Capital

The company says it has deployed “more than $11 billion since its inception, leading over 500 bespoke transactions of up to $500 million with sponsors such as EQT, Nordic Capital, Cinven and Bain Capital”.

Empowering financial innovation with composable banking

Unlock the power of three with Capgemini, IBM and Temenos

Mosyle Acquires Modern Asset Management Software Provider Assetbots

Mosyle’s business philosophy of making high-quality software extremely accessible for all customers will now be offered by Assetbots on the asset management market

Morgan Stanley invests in 3forge

The investment comes as 3forge clients move to extend the platform to broader areas of their business.

UAE payments fintech Ziina scores $22 million Series A

Ziina intends to use the new cash injection to further its ambitions to become an end-to-end financial services provider.

Temenos announces completion of its 2024 share buyback program

The shares were repurchased for the purposes of a subsequent capital reduction to be proposed at the Annual General Meeting of Shareholders in 2025.

Income Group partners Griffin to embed savings accounts in payroll

Employees can now set aside a percentage of their salary at the point of receipt, encouraging proactive financial management and wealth creation.

Digitization key to sustainable asset management

Digitization involves the deployment of sensors and integration of technologies into various aspects of asset inspection

Innovation & Startups