2022 was the year businesses emerged from the shadow of the pandemic and the many disruptions it caused. While life has returned to normal for many companies, and some even discovered new growth opportunities, unfortunately, the light at the end of the tunnel is not in reach just yet.

Following a successful integration with Navigator in 2019, Brightwell, a global payments technology company, has expanded its partnership with Virgin Voyages. With ReadyRemit, powered by Brightwell’s international payment partners, Virgin Voyages can now easily pay vendors, workers, and others, and provide customer-facing payouts like rebates, rewards, and refunds with one digital solution. 

Global technical body

China Mobile, the Parent company of Pakistan’s leading telecommunications network, Zong 4G, showcased its first digital payments solution ‘PayMax,’ during an exclusive product showcasing event at Zong HQ in Islamabad. This strategic venture aims to empower the people of Pakistan with a financial solution that is secure, unique and ensures inclusion in the unbanked sector of Pakistan.

Research published for the first time today by Kriya, the new name for fintech platform MarketFinance, shows that the leaders of UK B2B firms do not plan to offer ‘buy now, pay later’ terms on their e-commerce sites for another 3.23 years, despite 92% of them having heard of the term Embedded Finance.

OKX, the world-leading cryptocurrency platform, today announced comprehensive API key security protection features, further enhancing user protection against external threats.

The features are:

We are pleased to announce another success in Block Scholes’ rapid development by confirming our new partnership with Bitbns, India's leading cryptocurrency exchange. Bitbns users will now be able to access high-quality data, cutting-edge analytics and custom visualisations through our platform to help inform their investment decisions. Bitbns joins our fast-growing portfolio of partners, which includes Deribit, D2X and Bybit.

With the year drawing to a close, 2023 promises further advances in digital banking and technology which will continue to reshape the financial services landscape. While it can feel as though digital banking has become ubiquitous for consumers, there is still a great deal of room for further growth in the corporate and institutional world, and new technologies will be key to that.

There’s no doubt that the financial services industry is experiencing an evolution.

With a rise in modern fintech firms, traditional high-street banks have been forced to sit up and take notice. The next generation of customer — an increasingly tech-savvy consumer — is becoming enticed by the range of benefits offered by challenger banks. So, with an ageing client-base, how can traditional banks begin to tip the balance?

1. Impact of a Downturn

Set against a backdrop of geopolitical instability and potential trade wars, economies are predicted to be turbulent, and we may see tightening budgets as well as rapid investment in new businesses by private equity. This means that new owners of technology estates could see themselves purchasing high levels of cybersecurity debt and risk.

Spending on strategic cyber initiatives that are not directed by compliance or regulations is also likely to be tightened.