Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is powering the new digital banking application Sumeria, launched recently by French payments leader Lydia Solutions (the company behind the Lydia app). Sumeria has unveiled new digital banking capabilities including a remunerated current account, and plans to expand quickly throughout Europe, thanks to the scale and global reach of Marqeta’s card processing platform.

Issuer processing powerhouse Enfuce today announces a strategic partnership with French worktech unicorn, Swile to launch an innovative all-in-one employee benefits card in France that is set to transform the entire employee benefits space. 

bunq, the second largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users across Europe a complete overview of their finances. This is achieved by leveraging Mastercard’s Open Banking platform, which allows users to add accounts from any bank to their bunq app.   

WealthOS, the cloud-native wealth management infrastructure platform provider, has announced the successful closure of its seed round led by Barclays Bank. In addition to Barclays, WealthOS also attracted investment from Main Set, part of international investment firm Capricorn Capital Partners UK.

The rate of climate change since the mid-20th century is unprecedented. This rate of change is even more rapid recently, with the decade between 2011-2020 being the hottest on record. However, as many of the world's largest banks meet at Money2020 in Europe this week, it is questionable whether banks are responding at the same necessary pace.

Fenergo – the leading provider of digital solutions for know your customer (KYC), client lifecycle management (CLM) and transaction monitoring – has today launched AI Powered CLM, a new set of AI capabilities which further boost operational efficiencies, accelerate onboarding and improve end-user experiences while reducing costs associated with KYC and AML compliance.  

Finastra announced today that its technology is powering ORO Bank. The new cloud-first institution serves individuals and businesses in Bhutan, and around the world, with a specific focus on providing safe, innovative and sustainable banking.