According to a recent study from market research firm Graphical Research, the global mPOS terminals market size is set to register significant growth during the forecast timeframe, propelled by rising demand for digital payment solutions. Many countries in developed regions are deploying advanced systems to enable customers to make online payments. The growing smartphone penetration has played an important role in increasing the number of cashless transactions.

Síminn Pay, the pioneering fintech subsidiary of Iceland’s largest telco provider Síminn, has partnered with Enfuce, the European leader in providing turnkey card issuing, to launch virtual credit cards tailored for Síminn Pay’s lifestyle app, enabling users to make seamless payments.

Alternative Investment Exchange (AIX), the platform making it easy to buy, own, and sell alternative investments, welcomes Urban Catalyst Funds to the AIX platform. The team at Urban Catalyst Funds selected AIX to help make investing in its qualified opportunity zone (QOZ) funds easier than ever.

Biometrics has quickly become embedded in our everyday lives, particularly facial biometric technology which is commonly used to unlock smartphones and access online applications. With 8 out of 10 people finding biometrics both secure and convenient, it’s seeing widespread adoption across financial services.

The British Business Bank’s second annual Nations and Regions Tracker, published today, finds usage of external finance has fallen overall across the UK, as nine out of the twelve regions saw a drop in use of small business finance. In addition, 38% of smaller businesses were using external finance in the second quarter of 2022, down seven percentage points from 45% a year earlier. Core debt products remain the most used and widely available across the UK nations and regions.

A UK wealth manager has grown its assets under management to more than £500 million with the support of investment platform Third Financial, becoming the North West’s largest independent discretionary manager. The firm is one of a series of high-profile client renewals for Third Financial.

What are the opportunities unfolding for capital markets firms as a result of technology innovation? Watch our interview with Horacio Barakat, Head of Digital Innovation for Capital Markets at Broadridge  at Sibos 2022

Music-investment platform, Sonomo, has announced a new partnership with embedded-finance leader, Weavr. The agreement will make it easier for individuals to invest and generate revenues from the music they love.

Cryptocurrency wallets remain pivotal for investors to get involved in the digital assets sector. Amid the highs and lows of the crypto markets, the usage of wallets has remained reasonably active.

The past year has not been easy — many countries are still recovering after the COVID-19 pandemic while another crisis is on the horizon. The cost of living is increasing rapidly, with inflation rates hitting record numbers. The worst part is that this economic crisis affects every industry.