Fintech

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 […]

Open banking technology provider, Ozone API, has provided an updated UK open banking model bank for Open Banking Limited (OBL), the implementation entity tasked with building the UK’s open banking standard to drive competition, innovation and transparency in UK retail banking. Ozone API explained that by updating the model bank, it is supporting the rollout of the latest […]

In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital. During an unveiling at Fintech Forward 2024, an industry fintech event held in Riyadh, Saudi Arabia, the […]

If you’ve had any experience with TikTok in the last few years, you’ve likely become familiar with the app’s e-commerce offerings. The video-sharing site has pushed its shop feature to its users in a variety of ways, through user videos, discounts, and ads. Now, Storfund, a UK-based fintech, is partnering with TikTok Shop to introduce […]

Remittances act as a lifeline in developing markets where access to finance is limited. As a result, many organisations are looking to make sending and receiving money from abroad as simple and convenient as possible. The latest to do so are Paysend, the UK payment ecosystem, and Mastercard, the global payments processor. In their new partnership, […]

In September, the Australian government proposed the introduction of a ‘Scams Prevention Framework’ (SPF), which would implement new scam obligations across all sectors.  In response to the consultation period for this proposal, FinTech Australia, the industry body which represents over 420 fintech companies and startups across Australia, is supporting the need to take preventative action to […]