Managers of Wealth Fintech

PopID and Toshiba team on face payments

Rance Poehler, CEO, Toshiba Global Commerce Solution, says: "We are excited to partner with PopID to deliver speed, ease of use, and convenience to retailers and their shoppers."

Fosun Receives RMB12 Billion Syndicated Loan from 8 Banks to Jointly Promote Development of the Private Economy

The syndicated loan is not only of great significance to Fosun, but it also plays a positive role in improving public expectations and boosting confidence for development for private enterprises in Shanghai and even the entire country.

Dutch money saving start-up iBilly taps Klarna Kosma for open banking

The new partnership has seen user growth soar, allowing iBilly to bring its innovative budgeting technology to customers across Europe.

What Next for UK’s 6.5M Open Banking Users?

To enable this, PSD2 required financial institutions (FIs) to create application programming interfaces (APIs) through which payment initiation and account information requests can be made.

The Metaverse: what does it mean for banks?

The Metaverse is already here, it’s not the future but how will financial institutions in the real world prosper in this highly evolved digital arena asks Peter McConville

Danish neobank kompasbank raises €12 million

The capital increase, which was driven by both new and existing investors, will give kompasbank an opportunity to deepen current customer relations and to better serve and develop additional financial services targeted to SMEs.

What’s holding up Revolut’s accounts?

VC and angel investors have backed dozens of new startups that have sprung up from its former employees, who tend to proudly display the 'ex-Revolut' moniker as a sign of their experience within a culture of fintech action and accountability.

Bank of Thailand to allow virtual banks

Under the licensing system, virtual banks will be subject to the same rules and oversight as conventional commercial banks.

Goldman Sachs’ technology and consumer unit lost $3bn

The overhaul involved the merger of the bank’s investment banking and trading arms into a single business.

ATM withdrawals rise for first time in 13 years - Nationwide Building Society

The average amount of cash withdrawn from Nationwide ATMs was £105 last year, down two per cent on the previous year but still up 25% on 2019.

Payments churn innovator Butter raises $22mn in funding

Most are declined in a bid to prevent payments fraud but accidental churn can happen for a number of reasons, including card processor error.

Thailand to invite digital banking applications soon

Roughly ten parties have shown interest in acquiring digital banking licences, said Panpiemras.

African money transfer fintech Nala launches in the European Union

Backed by Y-Combinator and Accel, Nala launched in the UK last year and has since added US coverage ahead of its EU launch.

51% of European businesses believe Banking-as-a-Service will make traditional banking obsolete

At present, 39% of respondents have already implemented BaaS services and products

Flutterwave eyes up Railsr

Earlier in the year, it was reported that the fintech was searching for a $100 million investment that would have pushed it into Unicorn territory.

Soldo selected as supplier for Crown Commercial Service pre-paid cards

With the UK currently facing the worst cost-of-living crisis in 60 years, more and more people are reliant on relevant government agencies for monetary support.

Inversis places Pecunpay as the first e-money institution in the Spanish payments system

It offers its services to Pecunpay, specialised in personalised payment solutions through issuing and acquiring services.

Nuvei to buy Paya for $1.3bn

Nuvei says the deal will create a strong player in the global e-commerce, integrated payments and business-to-business markets.

African Money Transfer App NALA Launches in European Union

The launch adds 19 new European nations to NALA’s list of send markets.

Indonesia Expected to be South East Asia’s Biggest BNPL Market by 2025

This trend of digital lending is due to large numbers of underbanked consumers lacking access to credit and payment platforms, resulting in consumers turning to alternatives such as BNPL to fund their purchases.

Retail Banking