Tag: FinTech 2023

The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.

Papara, the leading Turkish neobank, has announced its acquisition of Rebellion, a popular Spanish challenger bank. This major acquisition, the first of its kind for Papara, propels the company's valuation to over $1bn, elevating it into the coveted ranks of FinTech unicorns in Europe.

Lemonway, a pan-European payment service provider, and Onfido, a global leader in automated identity verification, have reported immediate results from their joint initiative, confirming significant growth in customer acquisition.

Pioneering the digital asset management realm, Bequest Finance, has announced the successful acquisition of $2.75m in a recent funding round.

Sun Life Financial Inc., an international financial services titan offering asset management, wealth, insurance, and health solutions, has recently celebrated the successful completion of its public offering in Canada.

Velexa, a leading player in the WealthTech sector, has recently been distinguished by CBS as an Innovation & Disruption Leader.

The Bank of Papua New Guinea (BPNG), the country's central bank, has teamed up with FNA, a global leader in advanced network analytics and simulation.

Inpay, the Denmark-based international payments provider, has clinched an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), marking a FinTech breakthrough in Scandinavia by integrating EMI, Payment Service Provider (PSP), and Third Party Provider (TPP) capabilities.

In the data-driven epoch, secure, adaptable, and scalable fraud prevention systems hold immense significance, especially for financial institutions handling sensitive data and massive amounts of money. The scalability of these systems, often overlooked, is crucial not only to handle the present volume of transactions but also to accommodate growth over the upcoming years.

Tandem Bank, a UK-based digital institution renowned for its sustainability focus, has recently secured £20m from Quilam Capital.