CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and "stickiness" for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer "stickiness" by engaging users in effective ways that eventually drive transactions and fuel growth.

Industry players are on a mission to differentiate themselves, while merchants and consumers are demanding innovative ways to pay for what they buy.  A seamless payment experience is becoming more and more important to consumers and therefore merchants as e-commerce continues to be as competitive as ever.

The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”) significantly boosted funding for Scotland’s small and medium-sized enterprises in 2022 as part of its ambitious national growth plan.

Debts factored – the total funded turnover of BFS clients in Scotland – grew by 12 per cent to £382m when compared with 2021 with funding advanced growing by 4%.

The 5th Edition Cyber Security Innovation Series is set to take place on 6-7 March 2023 in Intercontinental Citystars Cairo Egypt.

Nexi S.p.A. (“Nexi”) and Banco de Sabadell, S.A. (“Sabadell”) have reached an agreement to establish a long-term partnership in the Spanish market.

Many developments and innovations are changing the fintech and banking world. Cashless payments, smartphone apps, and machine learning are a few technologies you can benefit from, along with many more.

Tech advancements continue to shape how financial institutions around the world work. And fintech companies are expanding, building their own footprint in the market.

Shanghai Commercial Bank (“ShaComBank”), an international bank based in Hong Kong offering banking and financial services across the world, including the UK, joined forces with Salt Edge, a pioneer in open banking, to leverage PSD2 possibilities and create a bespoke banking experience for its customers.

Cybersecurity Platform CyberSmart Raises $15M

Partnerships 

Western Union and Beforepay Offer ‘Send Now, Pay Later’ Service to Consumers for International Money Transfers

Six in ten (63%) UK accounting and finance professionals are concerned over the accuracy of their company’s monthly financial statements, according to new research published by FloQast, a provider of accounting workflow automation.