Tag: financial technology

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.

Metrobank, one of the largest banks in the Philippines, has announced a significant partnership with Temenos, a global leader in banking software, alongside Collaboration Betters the World (CBTW), a tech and business solutions provider.

In an age where the regulatory landscape is as unpredictable as ever, and the integrity of businesses hangs by a thread, companies are increasingly...

In the ever-evolving world of financial services, the integration and management of diverse financial data stand as a cornerstone for innovation and customer satisfaction.

Quaint Oak Bank, a relationship-focused financial institution, and Finzly, a leader in modern payment systems, have embarked on a strategic partnership to revolutionize Quaint Oak's payment infrastructure and expand its embedded banking services.

Canada-based Levr.ai, the cutting-edge intelligent loans software platform, has successfully raised an additional $1m in seed funding, building on its previous fundraising efforts which have now totalled over $2.5m.

Zūm Rails, a Montreal-based company at the forefront of integrating open banking with instant payments, has successfully concluded its Series A funding round, securing $10.5m CAD.

Kani Payments, a leading global data reconciliation and reporting platform, has announced a strategic partnership with Pismo, a comprehensive issuer processing and core banking platform.

Summerland Bank, a customer-owned regional mutual bank headquartered in Lismore, Australia, is set to revolutionise its digital banking services through a strategic partnership with nCino, a global leader in cloud banking solutions.

Revolut has recently unveiled an innovative artificial intelligence (AI) tool aimed at combating authorised push payment (APP) fraud, a sophisticated scam where criminals deceive individuals into willingly transferring money into fraudulent accounts.