Fusion Essence Cloud will automate core processes and digitalize the end-to-end customer journey to support growth in mortgage lending and savings

Kapital Investment Group B.V. (KIG BV), part of the global financial services group Global Kapital Group, has acquired Işık Menkul Değerler A.Ş., a multi-asset broker in Turkey.  

The acquisition gives KIG BV a greatly increased product range, as Işık Menkul is a multi-asset broker offering trading in stocks, futures, FX, commodities as well as CFD products.

Few banks are disclosing the number of AI users that engage with their chatbots. Why? Bank of America reported about 20 million or about 30% of their customers arere using ERICA – their chatbot. ERICA has been in use for about 4 years, So, Foresight Research wondered about consumer resistance to AI and chatbots and surveyed 400 consumers of banking products and services to find out the resistance to AI in Georgia.

Leading anti-money laundering specialist SmartSearch has achieved its best ever first half year results in 2021, following a surge in demand for its online ID check and due diligence platform.

The multi-award-winning RegTech specialist, based in Ilkley, West Yorkshire recorded 27% in business growth and an increase in users from 45,000 to 53,000. In addition, the firm has seen 21% expansion in its team in the first half of the year, increasing from 135 in January to 164 in June.

TrueLayer, Europe’s leading open banking platform, has announced that Clement Boulais has joined the firm as General Manager for France. A highly experienced commercial manager and fintech expert, Paris-based Clement will define and manage commercial strategy in France, alongside TrueLayer’s Chief Revenue Officer Max Emilson. 

Brings together two of the fastest growing global fintech companies to advance shared mission of economic empowerment and financial inclusion

Anand Kumar Bajaj, Founder & CEO, PayNearby

This is the next best step to take high end of tech to bottom of pyramid. It will help the Government to dispense the specific policy benefit to an identified user segment without any misuse of the funds or delay. The funds will not need to move around in banks but the beneficiary can directly go to end point to avail the intended benefit.

 NYMBUS®, a leading provider of banking technology solutions, today introduced an updated portfolio of niche digital banking concepts through Nymbus Labs. Each is ready and available to purchase, launch and grow by any size bank or credit union seeking to accelerate growth through new routes to market.

Leading fintech bank breaking both traditional model and challenger approaches to drive next wave of integrated UK banking

FinecoBank, one of Europe’s leading fintech banks has set a new record for revenue growth in H1 2021 – exceeding last year’s record-breaking growth. 

In the first half of the year, Fineco opened more current accounts in UK than in the whole 2020, while improving the penetration of active clients on brokerage, representing more than 70% on new current accounts.