Managers of Wealth Fintech

Deutsche Bank wins Moss payments mandate

In Q3, Moss’s EU Debit customers will be migrated to Deutsche Bank, which will hold all funds and handle the receipt, custody and shipping for the company.

Revolut set to start offering loans in France

The digital banking app aims to reach 100 million customers by 2025 and become the number one bank.

Freedom Finance to work with Money Expert to offer loans and credit cards

These products will be delivered through Freedom Finance’s proprietary matching technology

UAE Gains Access to New Credit Services With RAKBANK Credit Card

They can do so by uploading the necessary documents.

Peter Thiel leads Petal’s $35m funding, B2B data analytics division Prism Data spun off

The US open banking momentum is growing with lenders increasingly interested in alternative data sources

Barclays taps TransferMate for international receivables package

The service has already been successfully piloted with Barclays higher education clients

Mastercard taps open banking for digital account opening

This helps fintechs and banks know who their customers

Smoothpay to use open banking tech from DirectID for income verification

Smoothpay will use DirectID’s open banking platform to help provide a stable monthly income to freelancers, contractors, and small business owners.

Standard Chartered expands partnership with Tazapay

Driven by growing customer expectations and opportunities to develop new business models, an increasing number of corporates from manufacturing to the service industries are expected to embrace marketplace platforms.

Bank Nizwa and Buna partner to offer cross-border payments

Bank Nizwa aims to expand its payment capabilities by leveraging Buna’s digital platform.

Brex adds global capabilities

Brex allows customers to fund easily from their local banks, while keeping track of spend and reporting transactions in local currency - making it easy to monitor spend and reconcile transactions.

Sagicor Bank Barbados goes live with Mbanq BaaS platform

Sagicor Bank Barbados offers a full suite of banking services, including deposit and savings accounts, virtual and physical cards

RBI, BIS Kicks off G20 TechSprint Competition Focused On Cross-Border Payments

The 2023 TechSprint is open to developers from around the world and will focus on three problem statements on cross-border payments.

Monzo hits 250K business customer milestone

Monzo has not provided a breakdown of free and paying customers in the 250K figures.

How NatWest is building a relationship bank in a digital world

To put it in context, if each interaction were only one minute long, the annual 50 million interactions would equate to 95 years of continuous conversation.

LHV secures UK Banking Licence from the PRA

The decision to pursue a UK banking licence was made in 2021, and LHV submitted its application in March 2022.

BaaS to drive profound shift in financial services industry

The experts interviewed for the report think the top three most critical factors to accelerate the adoption of BaaS in Europe are regulatory clarity and guidance, ecosystem collaboration, and more licenced players.

European Payments Initiative to pilot digital wallet for instant P2P payments in Germany and France

The news comes as the initiative — which was originally set up with investment from more than 30 banks and acquirers — has also confirmed its planned acquisitions of Belgium-based payment solution iDeal and Luxembourg-based payment solutions p

Sweden's BankID launches digital identity card

Owned by seven banks, BankID is used by more than eight million Swedes an is used by more than 6000 businesses and organisations for identification and document signing.

JM Financial Enters into a Strategic Collaboration with Google Cloud for Accelerating its Foray into Data Led Digital Customers

This new platform, blinkX, will help JM Financial offer a wide range of products and services to digital retail consumers.

Retail Banking