Managers of Wealth Fintech

Currencies Direct completes £165m dividend recapitalisation

The transaction is supported by incumbent lenders CVC Credit and Alcentra

In a face off against FinTech, traditional face-to-face banks must become more bespoke than ever

There’s no doubt digital banking is in demand. Last year, $4.1bn was invested into FinTech in the UK, accounting for just under half of Europe’s FinTech investment.

LatAm Banks Could Face Disruption from Cheaper Payment Systems

These payment systems are free for individuals and at moderate costs for businesses and should increase banking system access to underbanked populations.

Santander launches savings and investment calculator

Research carried out by Santander shows more than a quarter of people want to improve their financial know-how as a result of the pandemic.

How Covid-19 changed the UK's relationship with cash

One striking trend however is that while we are visiting ATMs less often, the amount withdrawn on each visit has dramatically increased.

Poland's Nest Bank moves card programme to Fiserv

The bank will be one of the first in Poland to offer online card issuing, which facilitates the issuance of a fully functional virtual payment card within seconds.

Finastra joins FedNow pilot programme

The FedNow Pilot program is designed to support development, testing and adoption of the FedNow Service

UAE leads Middle East’s digital wallet revolution

Samsung Pay, Apple Pay and Google Pay already allow saving of debit or credit card details.

iGTB Digitizes Vietcombank Corporate Banking Offerings

iGTB said in the release that the Enterprise Suite is deploying features that lead to increased “customer stickiness” and flexibility that allows “faster responsiveness as the market evolves.”

Modularbank adds AML tech to product offering

By including HAWK:AI’s solution in their ecosystem, Modularbank can now offer customers the benefit of real-time Transaction Monitoring and Sanction screening, optimized using Machine Learning.

Banking-as-a-Service a New Battleground for Banking Incumbents and Challenger Banks

The report also found that digital challenger banks are now running at a fraction of the cost of incumbents. Some technology companies

Mastercard expands Engage platform

The Mastercard Engage network includes partners that provide various components and integration capabilities across the Digital First customer journey to deliver a frictionless payment experience

BNP Paribas Partners with Token to launch “Instanea” instant payment initiative

Token’s open payments platform is driving the shift from traditional payment methods to A2A payments.

Icici registers one million users from other banks for mobile payments super app

In addition, they can open a savings account and apply for a home loan or credit card with Icici.

Fintern taps AI and Open Banking to enter consumer loans market

The company is focussing on the sub-£5000 lending market, targeting consumers who may be resorting to high-cost lenders and buy-now-pay-later schemes to manage their lives.

TerraPay forays into Bank Account payments in the USA and Canada to facilitate same day international money transfers and cross border remittances

The Company is committed towards fostering inclusive digital mobility for all and is building a credible digital payments highway, beyond borders.

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