For banks, payments modernisation is no longer a nice-to-have that can be kept on the backburner – it is imperative to staying in business. The ability to adapt to changes in how payments are cleared and settled, quickly bring new revenue-generating service offerings to market, reduce unsustainable cost-bases, and, for older banks, continue to understand and maintain legacy systems, is entirely dependent on modernising their payments infrastructure. 

nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Mashreq, one of the MENA region’s leading financial institutions, is pleased to announce the successful completion of the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader. As previously announced on 13 September 2024, DgPays, a leading financial infrastructure technology provider in the EMEA region and Arcapita Group Holdings Limited ("Arcapita"), a global alternative investment firm, had agreed to acquire the stake.

The FinTech Scotland Cluster recorded an 8% year-on-year employment growth in 2024 bringing the total number of people working in fintech to over 11,300.

The continued economic contribution by the cluster comes as Fintech Scotland reaches its seventh anniversary since formation.

For over 20 years, BNP Paribas has deployed Oracle technology to manage part of its on-premises databases. BNP Paribas has today announced that it will now adopt Oracle Exadata Cloud@Customer to further improve database management. This choice aligns with the bank's ambition to continually strengthen its services while ensuring the security of its customers' data in the aim of providing an even smoother and more personalized experience.

UniCredit has today announced plans to bring its back-office activities for securities services across Italy and Germany in house, standardising its set-up and suppliers in a move that is set to create over 200 new jobs.

Today, Spring Financial, a Canadian financial technology company simplifying the lending process for everyday Canadians, announces the launch of 

As we enter 2025, the global economic landscape remains a mix of challenges and potential shifts that will shape markets and industries worldwide. From high interest rates to the evolving impact of AI, there are several key factors that will define the year ahead. While there will be friction in some areas, persistence, agility and out-of-the-box thinking will ensure a competitive edge.

Europe and the UK: Slow Growth Amid High Interest Rates

Zellis, part of the Zellis Group, today announces a definitive agreement to acquire elementsuite, an AI-enabled HR software company. As part of the transaction, elementsuite will be combined with Zellis, the largest provider of payroll and HR software to the UK and Ireland, creating an end-to-end AI-powered HR and payroll platform.