Rapid business evolution demands better data handling

The journey from being a start-up to a full-scale fintech is thrilling – but one that’s also fraught with pitfalls if not navigated carefully. Scaling up involves several logistical and operational challenges that need to be overcome, with increased data reporting and reconciliation demands that can make the difference between success and failure.

Plum, the smart European personal finance app, is today announcing its launch in Belgium.

SEON finds that a recent shift from physical branches to digital banking has changed the world of online and mobile fraud, making the need for effective fraud prevention solutions more important than ever before. 

Notably, the new review by SEON found:

Origin, the London-based fintech digitising debt capital markets, has launched Origin Extract to digitise any manually created bond termsheet, extracting structured data to automate and streamline the processes that depend on them.

Yapily, the leading open banking platform, today announces the appointment of Caroline Abercrombie as Chief People Officer (CPO), as it continues to rapidly grow its team and reach in Europe. 

Recent research estimates that Financial Institutions dedicate up to 12 per cent of their workforce to meet their compliance obligations, costing the industry £50 billion annually. And as the quantity of regulation and financial crime initiatives grow, the resource required is becoming increasingly unsustainable. It is no surprise that more and more Institutions are looking to technology (RegTech) to help them identify and prevent financial crime.

Simpl, India’s leading 1-click checkout network, has partnered Zymrat to facilitate Pay-in-3 feature for customers of the popular D2C performance wear brand.

For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion and growth in a globalised economy, cost and efficiency challenges remain, particularly in Africa. Mark Dankworth, President of Business Development Africa at leading pan-African fintech enablement partner, Ukheshe Technologies says fintechs are at the forefront of improving cross-border payments on the continent.

Kneip today announced it has entered into a strategic partnership with ISS FWW (FWW Fundservices GmbH) to make European ESG Templates (EET) available in the German market via ISS FWW.

Financial Risk Solutions (FRS), provider of the award-winning investment administration software Invest|Pro^TM used by asset owners, life assurance, wealth and investment management companies worldwide, today announced multiple key promotions as part of the company’s expansion plans into new markets.