Fintech

Rerail is the pet project of formmer Anthemis, Speedinvest and Cocoa alum Anthony Danon. The new fund, which is backed by an array of founders and operators, will invest $200-500k at pre-seed/seed into entrepreneurs looking to utilize fintech as a strategic advantage, with a skew to Europe, but also with an eye on global opportunities. […]

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar. A report on the proposal was published ahead of an annual Brics summit that will be held next […]

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport. Set for tests in a number of European markets, Mastercard’s Identity Attribute Verification service leverages new industry standards set by […]

Smart Money People, the UK’s comprehensive financial services review site, has launched a new cross-industry working group focused on creating better communication for customers in vulnerable situations. Smart Money People says it is launching the working group having recognised that, despite the implementation of the FCA‘s Consumer Duty over a year ago, 81 per cent […]

A new study from Mastercard has revealed that affluent customers, particularly in the Australasia region, are more likely to manage their money using various payment methods and careful planning. It found that by optimising their wallets, they aim to capitalise on incentives, live comfortably, and save to leave a legacy. The new study surveyed 29,536 consumers in […]

Ripple, the digital asset infrastructure provider, has unveiled new features and functionality to Ripple Custody, its platform for safeguarding, managing and engaging with digital assets. Ripple revealed that the latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenising Real World Assets (RWA), pre-configured policy frameworks, […]

Founded by a group of industry veterans, Waave taps open banking to offer Australians a Pay by Bank alternative to cards. Last year, the firm secured $4.7 million in seed funding. The deal comes shortly after Banked entered Australian through a partnership with NAB and gives the UK firm access to a major client in […]

Hamers, who left UBS last year, has also acquired a stake in Arta, joining a host of early stage investors, including former Google chief Eric Schmidt. Led by former Google vice president Caesar Sengupta, Arta emerged from stealth in 2022 promising to bring the kind of financial tools and products normally reserved for the ultra-wealthy […]

The study from Innovate Finance and Vested Impact surveyed financial institutions and 3,560 fintechs to analyse their impact, using the UN’s Sustainable Development Goals (SDG) as a framework (Productivity, Place, People, Planet, and Peace). Across all the SDGs, UK fintechs have an overall positive impact. The report found that 98% of fintechs improved productivity in […]

Artificial intelligence (AI) can help accelerate banks’ productivity however it can be challenging to integrate. Looking to make this process more seamless, Backbase, the engagement banking platform, has introduced its Intelligence Fabric layer. Intelligence Fabric will allow banks to embed a powerful set of data and AI infrastructure and development into their platforms. Backbase will enable banks to implement Agentic […]