Intelligent Money, a UK-based wealth management firm that oversaw a portfolio exceeding £1 billion, took a drastic turn when it entered into administration. The catalyst for this dramatic shift was a decision by the Financial Ombudsman Service, which upheld a complaint about the investments allowed within the company’s self-invested personal pensions (SIPPs). With such judgments piling up, the financial liabilities
In an era where digital wallets and contactless payments are not just a convenience but a necessity, Nexi Group is taking significant strides to revolutionize the payment industry in Italy. With the introduction of their SoftPOS service, they’ve carved out a new path for merchants, allowing them to embrace the digital wave with ease and confidence. The deployment of this
As modern investors increasingly factor Environmental, Social, and Governance (ESG) considerations into their portfolios, a seismic shift is being observed in the investment landscape. The intricacies and importance of these ESG elements have launched a newfound imperative for enhanced transparency and depth in financial data. As a result, traditional manual methods of data processing are rapidly giving way to sophisticated
The financial technology sector is continuously rewriting the playbook for how consumers handle their money, from earning rewards on credit card purchases to digitally transferring funds across international borders. Amidst the ever-evolving industry, some business partnerships such as Capital One and Walmart have run their course, while exciting new developments emerge elsewhere, reflecting an industry in constant motion. End of
The digital marketplace is teeming with innovation that fundamentally reshapes the user experience. Among the most transformative are embedded payments—integral tools that allow transactions to occur seamlessly within the interface of software platforms. Crucial to the growth of SaaS platforms and marketplaces, embedded payments are more than a convenient feature; they represent the evolution of how services are delivered and
The financial industry has witnessed a seismic shift as digital transformation reshapes the landscape of banking. Harnessing a fusion of artificial intelligence and financial expertise, banks now offer services unimaginable a decade ago, like 15-minute mortgage applications. This technological metamorphosis hasn’t just enhanced efficiencies; it has ignited an intense battle for dominance between venerable institutions and agile fintech startups, each
As the financial landscape continues to evolve rapidly, Velexa stands out in the WealthTech arena, pioneering strategies and technologies that break down traditional barriers to investment. At a time when retail investors are emerging as significant market participants, the need for more inclusive financial services is greater than ever—an opportunity that Velexa’s CEO, Tamara Kostova, knows cannot be missed. Under
The financial technology sector is about to witness a transformation with FE fundinfo’s strategic acquisition of Dericon. This move not only broadens FE fundinfo’s services and product offerings but also promises to redefine the synergy between data management and financial distribution networks. The acquisition deal, marking a significant milestone for both companies, aims to create a centralized platform for financial
In the world of finance, the rise of cryptocurrencies is reshaping investment strategies. With an increasing number of institutional investors dipping their toes into the digital currency pool, the landscape for investment is undergoing a significant transformation. This article will explore the burgeoning involvement of large-scale investors in the cryptocurrency market, examining the catalysts for this shift, and the implications
In an era where seamless transactions are the cornerstone of customer satisfaction and business efficiency, DNA Payments, a dominant figure in the UK’s FinTech landscape, has embarked on a game-changing partnership with SUNMI, a global trailblazer in the Internet of Things sector known for its cutting-edge Android point-of-sale (POS) solutions. This partnership, revealed amidst the tech-driven atmosphere of the Retail
In a dynamic shift set to transform the e-commerce payment landscape, PPRO, a global payments platform, has orchestrated a groundbreaking alliance with Afterpay, a Buy Now Pay Later (BNPL) service provider. This confluence of payment pioneers aims to broaden the horizons of online shopping by integrating Afterpay’s flexible payment options into PPRO’s extensive network. Their partnership is an evident nod
In a bold move set to redefine the financial services landscape in the MENA region, EFG Hermes, the leading investment bank, has announced its acquisition of a minority stake in Kenzi Wealth, a Danish FinTech company at the forefront of AI-driven asset management technology. This strategic step is not merely a financial venture but a concerted effort to enhance EFG
