Consumers in Germany Are Reportedly Adjusting Spending Habits Due to Cost of Living Crisis by Omar Faridi

Finastra to Power Healthcare-Focused

Finastra has announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota, and South Dakota, has launched, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community. The move expands Bank Midwest’s collaboration with the financial… Read More

Revolut Commits to Global HQ in Canary Wharf, as UK Customer Base Reportedly Reaches 9 Million

Revolut, a global Fintech company with over nine million UK customers and 40 million around the world, has announced it will relocate its global headquarters to the newly refurbished YY London building in the centre of Canary Wharf, committing to a ten-year lease. The move,… Read More

Digital Assets Could Rival and Redefine Traditional Asset Classes – Research Study

ARK Invest says it aims to deliver long-term capital appreciation by investing in the leaders, enablers, and beneficiaries of disruptive innovation. ARK has shared a detailed report that explores the potential impact of disruptive innovations, including AI and decentralized virtual currencies like Bitcoin and Ethereum…. Read More

Sustainable Investments Streamlined By Danske Bank via Mobile Banking Platform

Danske Bank says it makes it easier to make sustainable investments directly via the Mobile Bank. A new feature from Danske Bank‘s mobile bank reportedly makes customers “more aware of how many sustainable investments they have in their portfolio – and what they can do… Read More

UK Tech Ecosystem Report: Enterprise Apps and Fintech Were Top-Performing Sectors in H1 2024

Tracxn, a global SaaS-based market intelligence platform, has released its Geo Semi-Annual Report: UK Tech H1 2024. The report, based on Tracxn’s database, provides insights into the UK Tech space. The UK is said to be “the second-highest funded tech startup ecosystem in H1 2024,… Read More

SumUp and Adyen to Enable Faster Payouts for SMEs Globally

Adyen (ADYEN:AMS), the financial technology platform for businesses, and SumUp, the global financial technology firm for small merchants, have joined forces in a partnership to offer a best-in-class payment experience and accelerated settlements for millions of small businesses worldwide. With this partnership, SumUp builds on its… Read More

Fintech WeLab to Expand Hong Kong and Southeast Asia Operations

Hong Kong City

WeLab, a pan-Asian fintech platform, announced strategic actions in Southeast Asia markets and Hong Kong to propel growth, scale and profitability. These initiatives are fortifying a robust foundation to support WeLab’s accelerated growth. WeLab’s overseas expansion strategy is “on the fast track as its Hong… Read More

Hong Kong Payment Card Transactions Climb in Q1 2024

The Hong Kong Monetary Authority (HKMA) has released its payment card statistics for the first quarter of 2024, revealing a steady rise in credit card usage and a mixed performance in debit card transactions. As of the end of Q1 2024, the total number of… Read More

Veriff’s Fraud Index 2024 Shows Growing Acceptance of New Security Technologies

Findings from Veriff’s Fraud Index 2024 suggest that consumer acceptance of new security technologies is growing, with some groups still to be convinced. According to the FTC, fraud topped $10 billion in 2023, a 14% jump in one year. Almost half of consumers, 47.8%, experienced… Read More

Artificial Intelligence Expected to Play Increasingly Important and Transformative Role in Banking – Report

Citi Global Perspectives and Solutions has released a report AI & Finance: Bot, Bank & Beyond. The report analyzes the role that artificial intelligence (AI) might play in “changing the way both consumers and corporates bank.” From the likely use of autonomous agents executing client… Read More

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