Banks target more FinTech acquisitions, partnerships to boost market standing
A report by Lloyds Bank has found more UK banks are targeting collaboration and acquisitions with FinTech firms to strengthen their position in the growing market.
Only one in five consumers feel their bank values them as a customer
Recent research by marketing firm Ello has found only one in five consumers believe that their bank values them as a customer.
CBDCs to create ‘inevitable changes’ to payments landscape, McKinsey warns
A report by McKinsey has outlined the key challenges financial companies facing from the rise of central bank digital currencies (CBDCs).
Mark Cuban-backed Otto scores $4.5m seed financing
Texas-based Otto has raised $4.5m from a seed funding round led by venture capital firm Uncommon.
Vietnamese FinTech Bizzi sets sights on Southeast Asia
Vietnam-based bookkeeping platform Bizzi has reportedly netted $3m in funding, as it hopes to expand in the region.
Banking software developer finova launches from stealth alongside latest acquisition
Banking solution developer finova has acquired BEP, a cloud-based mortgage and savings software developer.
Now receives $29m in a mix of debt and equity
Now, an invoice payment system, has received $29m comprised of a credit facility and equity investment.
Over 25% of non-cash transactions to be instant and e-money payments by 2025
A report by Capgemini on world payments who found that instant and e-money payments will make up over a quarter of all non-cash transactions by 2025.
What is the future for bundling in financial services?
A report by cross-border payments firm Currencycloud has examined the recent and future trends related around bundling in financial services.
HKMA initiates first CBDC steps with whitepaper launch
The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.
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