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In an exclusive announcement with CNBC, global financial services innovator Revolut revealed it plans to begin offering telecom services in the U.K. The move, which is made possible via a partnership with 1Global, will make Revolut one of the only fintechs to offer telecom services. Starting this week, Revolut will begin rolling out eSIMs, which Read more…
FinovateEurope 2024 will have its fair share of local talent demoing live on the Finovate stage on 27 February in London. And while we’re looking forward to the return of FinovateEurope 2023 Best of Show winner NayaOne, we’re also excited to meet a whole bunch of U.K.-based fintechs that are making their Finovate debuts: FinovateEurope Read more…
This week’s Fintech Rundown features partnership and expansion news from a handful of Finovate alums, as well as some interesting fundings in the cryptocurrency and charitable giving space. Wealth Management Digital wealth and payments company Mogo expands its relationship with data cloud company Snowflake. U.K.-based wealth app Chip launches its first Cash ISA. WiseAlpha unveils Read more…
This week in Finovate Global we take a look at some recent fintech developments in Mexico. First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The company noted that it hopes to add 2.8 million new customers in the next five years. “The launch of bineo is a Read more…
Digital banking solutions provider Finshape announced a strategic collaboration with Arab National Bank (anb). The partnership will enable anb to leverage Finshape’s personalization and data analytics platform to enhance its digital banking services. The bank will also be able to take advantage of Finshape’s latest offering, Money Stories. This new solution categorizes spending and provides Read more…
Swiss fintech Temenos launched its end-to-end Temenos Enterprise Services on the Temenos Banking Cloud this week. The new offering will enable banks to lower the cost, complexity, and risk of modernization, and deploy new software solutions in 24 hours. Temenos President Product and Chief Operating Officer Prima Varadhan called the offering “a game-changing approach.” Varadhan Read more…
Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. Stay tuned in 2024 for more interviews with some of the most interesting founders, entrepreneurs, and thought leaders in fintech and financial services. “We developed BehaviorQuant because every financial decision is ultimately made by Read more…
Payments solutions provider Allied Payment Network will integrate its technology with MY CREDIT UNION’s Ultracs digital banking platform courtesy of a new partnership. “Financial institutions like MY CREDIT UNION serve a critical role in their communities,” Allied Payment Network CEO Geoff Knapp said. “Their members aren’t just numbers; they’re neighbors and friends. They are allies Read more…
A newly announced partnership between institutional payment orchestration platform Paydock and Australia’s Commonwealth Bank (CBA) will give merchants in Australia the ability to offer their customers a range of new payment options. This new flexibility comes courtesy of PowerBoard, which provides a dynamic payments experience to customers via API, without requiring businesses to make major Read more…
U.S. President Joe Biden and Chinese President Xi Jinping are meeting in California this week. With that in mind, Finovate Global turns to China for the latest fintech news from the world’s second most populous country. For context, the People’s Bank of China (PBOC) released its Fintech Development Plan for 2022-2025 almost two years ago. Read more…
To celebrate the start of Native American Heritage month, we wanted to highlight the current landscape of the Native American fintech scene. There’s one problem– while the culture of Native Americans in the U.S. is vibrant and alive at the moment, tools to serve this group’s unique financial needs are not. There are, however, a Read more…
Tabby, a Buy Now, Pay Later platform based in Riyadh, Saudi Arabia, has secured $200 million in Series D funding. The round was led by Wellington Management. The investment gives the company a valuation of $1.5 billion, making Tabby MENA’s latest fintech unicorn. With participation from Bluepool Capital and existing investors STV, Mubadala Investment Capital, Read more…