Niyo, a leading fintech company, recently expanded its multi-bank partnership proposition, by onboarding Equitas Small Finance Bank as a new banking partner for its Niyo Global programme (debit or credit card issued by partner bank).

Over the entire history, fintechs in alternative lending, digital banking, payments & transfers, e-wallet sectors have raised a grand total of USD 53.3 Bn and earned USD 17.8 Bn. The total rate of return (Total Revenue / Total Funding) is approximately 33.4%, which means that for every dollar attracted, fintechs earn an average of 33.4 cents per year on transactions related to their activities.

UniCredit and Mastercard today announced a global expansion of their payment partnership.

The British Business Bank today announced a Call for Proposals as part of the launch of the government’s Long-term Investment for Technology and Science (LIFTS) initiative. It seeks proposals from industry for the establishment of new funds or investment structures to crowd in UK institutional investment, particularly Defined Contribution (DC) pension schemes, to support the growth and ambitions of the UK’s most innovative science and technology companies.

Today, the Reserve Bank in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) demonstrated the selected organisations exploring potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia with a live demonstration.

Saxo Bank announces a significant milestone as it surpasses USD 100 billion in client assets. This remarkable achievement underscores Saxo Bank's growth in the number of both clients and deposits, and solidifies its position as a leading financial provider amidst a challenging macro-economic environment.

NatWest has announced that, from today, it aims to provide an additional £1billion in lending to the UK Manufacturing sector by the end of 2030, aiming to stimulate growth in the sector and help manufacturers invest in cleaner, more efficient forms of energy generation and use, with lending deployed through loans, asset finance, and overdrafts.

1. AutoRek has expanded into new sectors in recent years. Which sectors within financial services stand to benefit the most from automation?

The world of cryptocurrency is rapidly evolving, and the need for reliable, secure, and compliant solutions for managing digital assets has become more important than ever. Ledgible and Finoa have joined forces to create an API integration that will allow institutional investors to seamlessly access and manage their crypto assets, further expanding the reach and capabilities of both platforms.

2022 introduced many challenges to the retail industry, whether that was labour shortages or supply chain issues created by geopolitical turmoil. This year, those challenges will persist, mainly driven by the economic downturn across Europe. Inflation is at its highest in nearly 40 years, which will result in reduced consumer spending across the board. This is especially the case for discretionary spending, significantly impacting sectors like fashion.