WealthTech

By postponing its launch to 2021, Zenus Bank has joined the number of challenger banks forced to shift their focus because of the coronavirus.

UK-headquartered open banking platform Railsbank has revealed that that Singapore-based Aspire has become the first SME-focused challenger bank in South-East Asia to use its Singapore dollar bank accounts.

Capital markets technology developer Capitolis has reportedly raised $40m in funding from Spark Capital and SVB Capital.

US FinTech Clair has partnered with sponsor bank MetaBank and payments processor Galileo to bolster user accessibility on its platform.

Mobile banking platform Varo Money has nabbed $241m in its Series D round, as it moves closer to national charter approval.

Kudos, a smart wallet that maximises consumer rewards and benefits while shopping online, has raised $7m in seed funding.

California-based mobile banking platform Chime has netted a $18m Series B funding round led by Cathay Innovation.

Online retail investment support platform WeInvest has reportedly raised $12.3m in its Series A funding round.

As new technologies and digitalisation continue to change the way wealth managers operate, it’s more essential now than ever to understand the changing needs and requirements of clients and capitalise on client-centricity and digitally-enabled interaction channels.

The European challenger bank YAPEAL has launched a new digital wallet with the help of Marqeta's modern card issuing platform.