Neobanks vs Incumbents

Small businesses are facing a difficult decision, such as stick with the trusted, old-guard or make the jump to something new. It is this dilemma that, even with conservative migrations, will see Neobanks continuing their meteoric rise in the financial services industry. Readily available APIs make it easier than ever to integrate core banking features […]

Cash is no longer king – Wallester

Wallester is an Estonian fintech whose quest is to continue grow throughout Europe. They are making great strides. They seek to revolutionize the way Visa cards enhance a wealth of business processes. They offer the ability to create virtual and branded physical ready-to-use cards. Wallester’s modern API assures seamless, fast integration. With an assembled team […]

Human – AI partnership against financial crime

It’s now over six months since Brexit. There are opportunities opening up for the UK to take advantage of new-found regulatory freedom. The domestic financial services industry is also seeing rising instances of organised fraud. A recent report from Cifas, the UK’s fraud prevention community, stated that during the first six months of 2021 there was an 11% […]

Investment holdings data included in SGFinDex

The Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG) have launched the second phase of the Singapore Financial Data Exchange (SGFinDex). Individuals can now view information on their investment holdings at The Central Depository (CDP). This is as a part of their consolidated financial position. Also, this is via […]

Asian tech shares jump, China property stocks rally

Tech stocks climbed in Asia, following U.S. peers higher. The Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group. Also, the cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation. Regional bond yields rose with […]

Stablecoins to face same safeguards

Stablecoins would have to comply with the same safeguards. This is because their more traditional competitors in payments under proposals from regulators, as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies, that are designed to have a stable value relative to traditional currencies. This is to avoid the volatility that makes bitcoin and […]

Italy’s next move to close SIA

Nexi said its acquisition of smaller rival SIA to create an Italian payments champion will be completed after Italy’s antitrust authority gave a conditional green light to the deal. The competition watchdog gave the approval. Last month, they said that it had opened an investigation into the merger. This is due to antitrust concerns in Italy’s digital payments industry. […]

Klarna introduces pay now option in UK

Swedish payments firm Klarna said that it has introduced a number of changes to its product in the United Kingdom. This includes the option for its users to pay now. The announcement comes as the UK is expected to introduce rules for buy-now pay-later (BNPL) credit after the unregulated market spiked. This is because of […]