Managers of Wealth Fintech

7 FinTech Trends to Keep an Eye on in 2021

While mobile banking apps are not new to the market, there is still room for innovative solutions that can serve customers in a more effective and efficient way.

BofA customers go digital during pandemic

Digital sales accounted for 42% of total consumer sales last year, up from 30% in 2019.

PayKey adds investments and loans to mobile keyboard

The company says this taps into the huge consumer demand for day trading, as seen by the recent GameStop-Reddit-Robinhood saga.

The one big thing missing from modern digital banking

These capabilities are now complemented by a powerful array of other online financial services, including savings, investments, mortgages, insurance, and account aggregation.

Digital banking tech startup Narmi raises $20.4m

Narmi’s mission is to offer the most seamless, thorough and open digital banking platform in the industry.

BisB posts big response to mobile corporate accounts

To ensure the highest level of security, the fully digitally automated service requires customers to sign up via face ID Selfie as an added level of authentication

TD Earns Top Spot in Canadian Digital Banking Reports

According to Comscore, in a report covering the timeframe of July - September 2020, TD experienced the largest growth in mobile visitors.

London fintech SumUp acquires Lithuanian fintech Paysolut

Becoming part of SumUp will help Paysolut expand its highly qualified team and offer a new level of quality products.

CBK gets bigger role on digital payment systems

“To mitigate against such threats, CBK is in the process of formulating a National Payments Strategy to address emerging risks and guide the payments ecosystem in Kenya,” he added.

Regulate mobile money, but don’t kill innovation

A National Payments Strategy will "address emerging risks and guide the payments in Kenya and ensure pricing practices are reflective of the overall stance on customer-centricity, affordability, and transparency."

What Internet Penetration, Growth, and Usage Means for the Arab World

By 2020, the global average had surged to 59 percent, being vastly outdone by the Middle East’s 70.2 percent.

Nordic countries dominate European online banking take-up

Nordics dominate online banking take-up in Europe, but the UK is not far behind

Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

While Carbon has been hailed for transparency and openness, it remains to be seen if it’s a trend other African startups are willing to follow.

Banking on 5G: Talking ATMs, touchless tech on the cards

The new technology is expected to improve overall banking experience because of lower latency and higher speed.

TrueLayer Launches New Open Banking Based Payment Method

Built on open banking and the fastest available bank payment rails, it provides firms with instant payments and withdrawals, while accelerating KYC and AML processes, to deliver the most complete solution on the market.

Digital Cash Management Service Versa Launches Online Platform in Malaysia with Affin Hwang Asset Management

At present, there are two businesses that have been approved by the Malaysian SC to serve as an e-service platform.

Italian Banking Association Embraces Need For Speed For Future Of Real-Time Payments

These days that “stable and efficient growth” has a lot to do with real-time payments.

5G Might Ease and Develop Physical Banking Experience for Users

5G can facilitate a virtual bank manager and help you go ahead with the KYC process right at the ATM outlet

Central Bank of Bahrain : CBB announces launch of eKYC as part of digital transformation strategy (January 30th, 2021)

With the introduction of Open Banking in Bahrain, this also provides an opportunity for fintech companies to verify customers identities through their online and mobile applications.

The Certainties of Digital Banking

Businesspeople who do not have access to funds from overseas put the brakes on business development.

Mobile Banking