Managers of Wealth Fintech

MyState Bank rolls out Backbase digital platform

The platform represents a significant leap forward in delivering seamless, customer-centric digital experiences to MyState customers.

Tilt raises $18 million Series A led by Balderton Capital

Tilt addresses several key problems in the current e-commerce landscape.

Tether Makes Strategic $3mln Investment in Kuwaiti Fintech Kem

Also, people from countries facing dire economic situations can mitigate the effect of hyperinflation and currency fluctuations back home.

Majority of Canadians alter payment habits due to fraud concerns

For many Canadians, concern around fraud and cyber risk impacts their payment behaviours and creates hesitation around paying bills out of concern if they are legitimate or a potential scam.

Swiss National Bank announces launch of instant payments in Switzerland

Instant payments have been available in the EU since 2017 for immediate account-to-account transactions.

Visa joins $5 million round in African payroll provider Workpay

Visa has joined a $5 million funding round in Kenyan payroll provider Workpay.

Flutterwave partners with American Express to boost e-commerce payments in Africa

This enhancement is not just limited to Nigeria but is set to expand to other African countries such as Tanzania, Rwanda, Ghana, and Uganda soon.

Mastercard set to lay off around 3% of global workforce

A Mastercard spokesperson tells FinTech Futures that the company intends to “redeploy resources into growth areas” as it implements these changes.

How digital finance tools could boost UK consumer wealth by £24.5bn

The research shows that during the ongoing cost of living crisis, many consumers are turning to these tools to improve their financial health.

Science Card introduces new debit card offering to help accelerate UK scientific discovery

With a Science Card account, customers can support UK university projects by automatically rounding up each card payment to fund research in their chosen fields.

FIS & Neural Payments to simplify P2P payment experience for banks

P2P applications are widely used and continue to experience robust growth.

Mastercard collaborates with fintech startup Scale across Africa and Middle East

Mastercard and Scale will support fintech companies and other ecosystem players in securing BIN sponsorships

UK government woos Revolut as fintech favours US for potential IPO

City minister Tulip Siddiq calls in Britain’s largest fintech for talks after regulator granted critical banking licence

The shifting credit landscape in the digital age

Marbles joined a multitude of other credit card products.

Citi and Wells Fargo invest in credit infrastructure startup Setpoint

Citi and Wells Fargo have joined a $31 million Series B funding round for Setpoint, an infrastructure provider that streamlines transactions for the credit industry.

Monzo celebrates fourth year on top of bank satisfaction rankings

Starling scored 79 per cent for personal banking in Great Britain, also coming second for both business banking with 83 per cent.

Airwallex processing volume surges past $100 billion

Airwallex has seen growing volumes across all products, including payments, FX, payouts, and issuing, and an annual run rate revenue approaching $500 million.

Klarna takes on banks with a personal account and cashback rewards ahead of IPO

The two new products, which are being rolled out in 12 markets including the U.S. and across Europe, will show up in the Klarna app as “balance” and “cashback.”

Paymentology Earns Mastercard Cloud Edge Certification, Expands Cloud Strategy

This connection is said to provide increased flexibility, allowing Paymentology to better serve a range of clients in the fintech, banking, and telecommunications sectors

Ireland’s PTSB extends partnership with Worldpay to expand merchant services offering

The pair first partnered together in July 2021, when PTSB tapped Worldpay’s then majority stakeholder FIS to access its payments solutions.

Retail Banking