Open banking reached a significant milestone in July 2023, surpassing 11.4 million payments. With a 102.4% growth from the previous YTD stats, the groundbreaking financial technology is fast becoming the must-have for merchants across the UK, Europe and Asia. 

In an effort to streamline and simplify cross-border transfers and payments across Africa and beyond, Access Africa has formed a partnership with Thunes, a leading global payment infrastructure platform that connects over 130 countries into a single network offering its members seamless, interoperable and frictionless cross-border payments.

ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, today announced the appointment of four new non-executive directors at its parent company, ClearBank Group Holdings.

SmartStream, the financial Transaction Lifecycle Management (TLM^®) solutions provider, today announces the launch of its latest version of TLM Collateral Management, V.6. This new release introduces a modern, intuitive, and thin client user interface. It’s designed for users with different skill sets, including those who are less experienced in the collateral management operations area.

Last week, A-Team’s Data Management Insight announced Alveo as the winner of the Best Buy-Side Data Management Platform in the Data Management Insight Awards USA 2023.  The award was based on industry voting.  Angela Wilbraham, CEO at A-Team Group, and host of the Data Management Insight Awards USA 2023, commented “These awards recognise both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across North America.

Xceptor, the leading data automation platform in the financial sector, and Delta Capita, a renowned global provider of managed services, technology solutions, and consulting in the financial services industry, today announced their partnership aimed at bringing significant benefits to financial institutions as they prepa

The Financial Conduct Authority (FCA) has introduced new Consumer Duty requirements (from 31st July 2023), emphasizing customer protection and support in financial services.  The financial regulator wants to see firms deliver a higher customer care and protection standard and further equip consumers to make effective decisions in their interests. In this interview, Anastasiia Pervushyna, Director/MLRO at Sends, gave her opinion on how this regulation could reshape the financial industry. 

Swan, the emerging European leader in embedded finance, today announces its strategic partnership with Lucca, the HR and finance software platform used by 1.3 million users across 112 countries. Swan’s Banking-as-a-Service (BaaS) technology is already allowing Lucca to enhance its expense management offering, improving the user experience by driving out inefficiencies through embedded finance automation.

The Milan Fintech Summit is returning for its fourth edition, continuing its commitment to driving innovation in banking and financial services. This international event, organised and promoted by Fintech District and Business International, the knowledge division of Fiera Milano, is scheduled for October 10th and 11th, 2023, at the Allianz MiCo in Milan.