Google Cloud announced today a new collaboration with Moniepoint, an Africa-focused business banking platform that provides financial services to Nigeria's underbanked businesses residing in remote areas and communities. The collaboration makes financial services accessible at scale to millions of small and medium-sized enterprises (SMEs) by bridging the banking gap in suburban locations. 

Yellow, an asset financier for solar energy and digital devices in Africa has raised $14 million series B funding in a round led by Convergence Partners with participation from the Energy Entrepreneurs Growth Fund, managed by Triple Jump, in addition to follow-on investment from Platform Investment Partners.

Financial IT meets Matthijs Boon, Chief Operating Officer of Equals Money at Money20/20 Europe 2023 to talk about AI, trends and challenges of the industry.

Data is now the lifeblood of businesses operating in the world of financial services.

Long gone are the days when bricks and mortar were king, with all activities and interactions between service provider and customers being carried out in branch. Now, face-to-face interactions are a rarity, with products and their associated support services provided almost entirely digitally.

The ClearScore Group today announced that it has launched in New Zealand, providing consumers with a website and app to check their credit score and report for free. Founded in the UK in 2015, ClearScore has grown to 19m users worldwide, expanding to South Africa in 2017, Australia in 2020 and subsequently Canada in 2022. ClearScore is now one of the world’s leading fintech groups and one of the main ways that people access their credit report data.

Global fintech SumUp has unveiled its latest UK campaign, with a merchant-centric push that champions the businesses, entrepreneurs and SMEs that power the country, dubbed ‘Local Heroes’. 

Qover, the insurtech that is transforming the insurance industry with its orchestration technology, has announced a second partnership with Revolut, the global financial super app with more than 30 million retail customers worldwide, to provide embedded insurance for its new trip and event cancellation cover.

Freedom Finance, one of the UK’s largest second charge distributors, is delighted to launch a  refreshed proposition to support brokers through its Freedom 4 Intermediaries division. 

Freedom 4 Intermediaries is a specialist second-charge mortgage broker which helps intermediaries find the right borrowing solution for their clients whilst delivering market-leading customer service. 

Robo.cash sees strong potential for the Asian fintech market, which is already setting certain trends. The parent holding of the platform plans to focus on digital banking direction.

At the Finfellas P2P conference in Riga, the investment platform Robo.cash presented the prospects for the Asian fintech market, thereby revealing plans of its parent company Robocash Group. 

Encompass Corporation, the leading provider of dynamic Know Your Customer (KYC) process automation, has appointed industry veteran Cheri Burns as PR & Corporate Communications Director to oversee media relations.

Burns will be responsible for the development and execution of Encompass’ global PR and communications strategy, including overseeing analyst and influencer relations with leading trade bodies and industry figures.