Revolut, the global fintech with over 8 million UK customers and 40 million globally, is today introducing Wealth Protection, an extra layer of in-app identity verification, designed to prevent thieves from accessing customer savings within the Revolut app. Wealth Protection will help protect customers who have had their unlocked phone stolen, or password and face recognition compromised, and stops criminals from withdrawing customers’ hard earned savings out of their accounts.

SmartSave, part of the UK digital bank Chetwood Financial Limited, has launched a two-year market-leading fixed-rate savings product at 5.06% AER.

SmartSave has more than £3.7 billion in direct deposits, and its accounts are fully FSCS protected, with a minimum deposit of £10,000 and a maximum of £85,000. 

The two-year bond will be available for a limited time only. 

Today, Mastercard announced the integration of Deposit Switch and Bill Pay Switch with Mastercard’s Open Banking platform, enabling consumers to automatically switch their direct deposits and update their recurring bill payments, both when opening a digital account or when updating information on an existing account.

NCR Voyix Corporation, a leading global provider of digital commerce solutions, today announced that Sacramento, Calif.-based Golden 1 Credit Union has selected NCR Voyix Digital-First Banking to help drive its digital transformation.

Swiss fintech Kaspar& has closed its CHF 2.5 million seed-financing round and enters a strategic partnership with Avaloq, a leader in wealth management technology based in Zurich. As part of the new partnership, Avaloq has acquired a minority stake in the firm and will integrate the innovative Kaspar& investment app with the Avaloq Core Platform. This will enable banks running on the Avaloq platform in Switzerland to provide more accessible opportunities for their clients to start investing.