To mark the International Day of Family Remittances today, Wise has published its Annual Remittances Report, to show how G20 countries, including the UK, can reduce the cost of remittances. 

A Lithuania-based compliance, fraud prevention, and identity verification platform, iDenfy, announced partnering with Fincity, a Slovakia-based digital transformation consultancy platform with a focus on core banking and crypto-friendly solutions. iDenfy’s full-stack ID verification with built-in AML checks will ensure a quick and seamless KYC workflow for Fincity. 

Moneybase, the fastest-growing digital payments and card issuing platform in Malta, has announced that its cardholders can now make payments using Google Pay and add cards to their Google Wallet directly from the Moneybase app.

The Indonesian FinTech firm, Amartha, which operates an Indonesian peer-to-peer lending platform, has successfully amassed an investment of $100m from Community Investment Management (CIM), a prominent US-based debt provider.

Middle East Payment Services (MEPS) announces the commercial launch of biometric payment cards based on the Zwipe Pay solution, using Mastercard’s Biometric Card technology.

MEPS is a leading regional player in card issuance, payment processing and merchant acquiring services in the Middle East and North Africa (MENA) and a principal member of major international issuing and acquiring schemes.

Session Highlights

For the third year in a row, some of the most influential players from across the fintech, financial services and tech sectors have gathered for a day of high-level networking and discussions at Fintech Week London.

Leading account-to-account (A2A) payment infrastructure provider, 

Like many other services in the technology sector, Banking as a Service (BaaS) was heavily influenced by the effects of the pandemic. During and after various lockdowns and other stages of the global health alert, it became clear that consumers want to be able to access products faster, more reliably and using more modern technologies.

Finastra, a global provider of financial software applications and marketplaces, and Green RWA, a pioneering association in climate transition, today announced the launch of the Climate-Extended Risk Model (CERM) Sandbox. The new platform offers an interactive and immersive experience for banks to understand and manage climate risks in a simple and accessible manner.

Bud Financial, the AI-based data intelligence platform, has been selected by embedded consumer lender Fluro to power its lending decision-making through open banking data and transaction AI. Fluro will integrate Bud's AI capabilities in account connection, categorisation and transaction analysis, to supercharge its decisioning engine and affordability assessments, for both existing and new customers.