WealthTech

A whitepaper by payment service provider Ecommpay has found 48% of all UK consumers have some level of confusion regarding open banking and its uses.

The Abu Dhabi Islamic Bank (ADIB) has introduced Amwali, a new digital banking proposition that will target youths between the ages of 8 to 18.

In wealth management, prioritising client service is the only way for establishing a long-lasting relationship. And wealth managers must leverage intelligent technology to provide a more efficient customer experience and gain their client’s trust.

Reward-based debit card startup Point has closed a $46.5m Series B funding round that was led by the Peter Thiel-owned Valar Ventures.

India-based Stockal, a retail investment platform, has reportedly raised $1m from ScaleX Partners.

Expense management platform Jeeves has reached a valuation of $500m, after it closed its star-studded Series B round on $57m.

A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.

Globacap, which claims to be transforming capital markets, has secured an additional $9m for its Series A round.

Receivables marketplace Monkey has reportedly collected $6m in its Series A funding to help double its team.

Australian buy now, pay later (BNPL) firm Zip has continued its push for an expanded global presence with the purchase of South African BNPL Payflex.