Money Management Archives | Page 71 of 239

Digital Lending / Digital Payments

Twenty7tec secures £16.5M to boost mortgage tech with new leadership

Founded in 2014, Twenty7tec, a leading financial technology (FinTech) company based in Bournemouth, UK, is transforming how mortgage advisers operate through its cutting-edge platform. The recent infusion of £16.5 million from BGF marks a pivotal moment in the company’s growth trajectory, coupled with strategic leadership changes designed to drive further innovation. Twenty7tec: Pioneering Mortgage Technology Streamlined Processes for Advisers Since

September 10, 2024

Digital Lending / Digital Payments

How Will Barq and Mastercard Transform Payment Solutions in Saudi Arabia?

In an exciting development for Saudi Arabia’s financial landscape, Barq, a burgeoning FinTech startup, has announced a strategic partnership with Mastercard, a global titan in the financial services industry. This alliance promises to bring a wave of innovative solutions and security enhancements to the payment ecosystem in the Kingdom, marking a significant step toward the modernization of financial services. Driving

September 10, 2024

Digital Wealth Management

How Is Zürcher Kantonalbank Using Avaloq’s Digital Asset Platform?

The implementation of Avaloq’s cutting-edge digital asset platform at Zürcher Kantonalbank (ZKB), one of Switzerland’s leading banking institutions, marks a significant step towards embracing digital innovation in the financial sector. In collaboration with Fireblocks, this development is not just a response to the increasing market demand for trading and securing digital assets; it also underscores the broader trend of traditional

September 10, 2024

Embedded Finance

Embedded Payments and Financial Inclusion

The landscape of the financial services industry is being transformed by embedded payments, a trend that holds significant promise for advancing financial inclusion globally. This report delves into the current state of the industry, examining emerging trends, analyzing data, and offering forecasts on the future of embedded payments and their role in promoting financial inclusion. Current State of the Industry

September 9, 2024

Robotic Process Automation In Fintech

Can AI Unlock Real-Time Data for Finance Teams’ Strategic Success?

The growing interest in artificial intelligence (AI) in financial services is met with significant challenges as finance teams struggle to harness the potential of real-time data efficiently. There are enough hurdles faced by finance professionals and the expected benefits of integrating AI into their operations. A staggering 91% of finance professionals find it difficult to derive actionable insights from their

September 9, 2024

Digital Lending / Digital Payments

How Will Paystand’s Expansion Revolutionize Canadian B2B Payments?

The financial landscape in Canada is ripe for transformation, especially within the B2B payments sector. Paystand, an innovative company specializing in blockchain-enabled B2B payments, is set to revolutionize this space with its zero-fee payment network. Expanding its platform to fully serve Canadian businesses, the implications are vast—from improved cash flows to reduced transaction fees. Expansion of Paystand’s Services in Canada

September 9, 2024

Digital Lending / Digital Payments

Mastercard and barq Enhance Saudi Digital Payments with New Partnership

Mastercard, a global leader in financial services, has announced a strategic partnership with Barq, a notable Saudi Arabian fintech startup. This collaboration marks a significant milestone in the journey toward modernizing digital payments in the Kingdom of Saudi Arabia, employing Mastercard’s advanced Gateway technology. By leveraging such sophisticated technology, this initiative aims to provide faster and more secure payment solutions,

September 9, 2024

Digital Lending / Digital Payments

Visa Introduces Visa A2A: Modernizing Bank Transfers with New Protections

Visa has launched an ambitious initiative called Visa A2A aimed at transforming account-to-account (A2A) payments. Expected to debut in the UK by early 2025, Visa A2A promises to offer greater consumer control and security when handling recurring bills via bank transfers. By implementing innovations like tokenization, biometrics, and AI-driven fraud prevention, Visa seeks to modernize the outdated direct debit system

September 6, 2024

Digital Wealth Management

Quilter Enhances Digital Advisory Services with NuWealth Acquisition

In an effort to bridge the advice gap and bolster its digital advisory services, Quilter has acquired the digital investment app NuWealth, formerly known as Wombat Invest. Quilter, a leading wealth management firm, sees this acquisition as a key advancement in serving novice investors and meeting the growing demand for digital engagement. NuWealth provides a diverse range of ISAs, general

September 6, 2024

Cyber Security

Record Rise in UK Fraud Cases: APP Scams Hit Historic High in 2024

The UK is witnessing a concerning surge in fraud and scam cases, breaking all previous records in 2024. Authorized push payment (APP) fraud is at the forefront of this alarming trend, a deceptive scheme tricking individuals into authorizing payments to fraudsters posing as legitimate entities. Alarming Surge in Fraud Complaints Significant Increase in Reports Between April and June 2024, an

September 6, 2024

AI and ML

How Is AI Revolutionizing ETF Management and Investment Strategies?

AI is transforming the Exchange-Traded Fund (ETF) industry, providing a wealth of products that cater to various investment styles and risk profiles. Since ETFs were introduced in the early 1990s, they have grown in value to trillions, becoming vital components of modern financial markets. As AI continues to evolve, its role in ETF management and investment strategies is becoming increasingly

September 5, 2024

Fintech Blockchain

How Is Siemens Leading FinTech with a €300M Blockchain Digital Bond?

Siemens AG’s strategic move to issue a €300 million blockchain-based digital bond underscores its dedication to innovation and its partnership with key financial entities to revolutionize capital markets. This initiative not only showcases Siemens’ resolve to harness advanced technologies but also highlights the company’s role as a pioneer in the financial technology sector. Siemens’ Digital Transformation Strategy Commitment to Innovation

September 5, 2024