The extraordinary events of the last 12 months left many businesses reeling from the near catastrophic impact that COVID-19 has had on operations, workers and finances.

With technology and Digital Transformation becoming critical to the response, IT have been subject to unprecedented demand and – as with anything tested to its maximum capacity – the stresses will always highlight the weaknesses and gaps.

Fintech is driving transformation at such a rapid pace that regulators are struggling to keep up. As imaginative start-ups simplify and streamline financial services, increased competition is leading the “old guard” of industry incumbents to tighten their defences. What we’re seeing now is a secret tug of war taking place across the European fintech landscape. 

Anand Kumar Bajaj, Founder, MD & CEO, PayNearby said: “The second wave of the COVID-19 pandemic has hit the country harder than ever. As people struggle for survival, lockdown and its impact on the economy has slowed down our domestic remittance business. The remittance business was gradually recovering from the impact of last year's lockdown and labour migration when the sudden spread of the virus in April yet again prompted a large section of the migrant workforce to leave the big cities.

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Community 1^st Credit Union has selected its AI-powered platform to enhance and augment its credit decisioning and underwriting capabilities for new and prospective members.

David Semmens, CIO at Wealthify commented:

“The surging popularity of Bitcoin and other cryptocurrencies in recent months has greatly concerned Wealthify. Beginner investors have been enticed by upward spikes, perhaps not fully appreciating the risks associated.

The gift card market is growing, delivering significant opportunities for retailers    

Intro: 

• The gift card market in the United Kingdom is seeing significant growth. According to recent research from the Gift Card and Voucher Association (GCVA) supported by Blackhawk Network, the market is now worth £6.9 billion, up almost £1 billion from its previous evaluation in 2019. 

Finlogix is a free social trading platform that connects like-minded traders and investors together in the one place. The Finlogix platform is a great place for both new and experienced traders to learn and share their thoughts and trade ideas on any stock or instrument they want.  It is one of the largest and most active community of traders in Australia.

Finlogix Features

Featurespace has ranked in four "Best Companies" listings, underscoring the company's commitment to its team members and workplace engagement. Winners were revealed during Best Companies Live on May 21, 2021. 

The economic recovery from the COVID-19 accelerated in the first half of 2021, causing the global banks' market cap to almost completely recover and reach pre-pandemic levels.

According to data presented by StockApps.com, the market capitalization of the global banking sector jumped by nearly 20% since December and hit €7.3trn in the first quarter of 2021.