Managers of Wealth Fintech

Recognise Bank rolls out two new business savings accounts

The 7 Day and 35 Day Notice accounts provide better interest rates than their Easy Access counterparts

Westpac introduces new measures to combat financial abuse

Westpac Head of Customer Excellence, Tiffiny Lewin, says the bank won’t tolerate abuse and will take action if customers choose to use the bank’s products or platforms to harm others.

TrueLayer launches Payment Links for A2A payments via open banking

TrueLayer’s payment links are yet another proof point of how open banking can be used to transform business payments and consumer experiences.

Atom Bank joins the neobank profitability club with £4m annual profit

At its current quarterly run-rate, Atom says it is generating more than £100m of annualised net interest income and more than £25m of operating profit.

JP Morgan confirms Germany expansion for Chase neobank

CEO Jamie Dimon revealed the move in an interview with Handelsblatt.

Revolut launches joint accounts in the UK

Joint Accounts along with Revolut <18 can become a centre of family finance, but they can equally be used by all types of duos, whether that be partners, siblings, roommates or friends.

Federal Reserve launches instant payment system FedNow

The Federal Reserve launched its long-awaited instant payment system, FedNow, in a move that industry pundits have already dubbed as lagging behind the times.

Mastercard introduces automated receivables for virtual cards

Mastercard Receivables Manager was developed to make virtual card transactions more efficient, secure and cost-effective to process.

Swiss lender TP24 raises £345m from Barclays and M&G to support SMEs in the UK, Netherlands and Australia

Managing director Niels Turfboer believes TP24 can become a major UK SME lender by filling the gap between banks and existing alternative lenders.

US instant payment network FedNow goes live

As an interbank payment system, the FedNow Service operates alongside other longstanding Federal Reserve payment services such as Fedwire and FedACH.

Fawry, Smart Schools join forces to launch e-payment portal

The partnership will enable Smart Schools to access a bunch of innovative digital solutions provided by Fawry to collect school fees safely and easily

Tymit blocks new credit card applications as it pivots to B2B2C

Existing Tymit credit card customers can continue using their cards for now.

Citi inroduces electronic trade loans for US commercial clients

The solution is designed to help clients meet their current and projected working capital needs

Fintechs demand end to hidden bank fees in international payments

The total cost of currency conversions needs to be shown up front to consumers and SMEs before they make a payment.

Deutsche Bank joins CLSNet

The service has seen a marked increase in adoption over the past year, with a year-on-year increase of over 400% in the average daily volume of net calculations in Q1 2023.

ACI Worldwide and Dock team up to launch Acquiring-as-a-Service

This innovative as-a-service model redefines the acquiring landscape

Bunq hits 9m users in Europe, doubles deposits in four months

Europe’s neobank for digital nomads continues to scale at pace, hitting €4.5bn in deposits as it launches cashback and savings interest.

ConnexPay launches real-time B2B payments in Europe with GBP, EUR currencies

The all-in-one platform allows merchants to have immediate access to incoming customer payments, which they can then use in real time to fund virtual cards to pay suppliers.

Online Retailers Using Embedded Finance With Provenir, J.D. Power, TreviPay, Valuedynamx and Galileo

The rise of embedded finance is centred around giving consumers more choice and flexibility when it comes to making payments.

The Global Growth of Digital Gift Cards Continue in the UAE and US

New findings from MENA-based digital gift card marketplace YOUGotaGift reveals growing interconnectivity and cross-cultural ties.

Retail Banking