The recent string of banking failures has been a sobering reminder to everyone that the large banks that dominate the financial world are just one major crisis of confidence away from a severe fallout that can have serious ripple effects across global markets. The shotgun merger of UBS and Credit Suisse earlier this month was the latest, and arguably greatest, in a series of recent events, including the collapse of SVB, that have shaken investor confidence.

IG Group, a purpose-led, global fintech, today announces it has appointed Adam Wheelwright as Chief Technology Officer (CTO) to drive its innovation agenda. Adam will be based in the company’s London headquarters and joins on 17 April 2023.

Lyfeguard, a life planning assistant and document management platform, has appointed Jonathan Lloyd White, CISO at Natura &Co., to its advisory board to bolster its security and data protection strategy.

Metaco, the leading provider of digital asset technology infrastructure to regulated financial institutions, has partnered with VP Bank, one of the largest private banks in Liechtenstein.

New data from the pension provider, Penfold, highlights the retirement savings disparity between Gen Z and Non-Gen Z generations. Penfold has analysed their database of savers and discovered that the average monthly contributions of Non-Gen Z savers are more than double those of Gen Z savers across all of Penfold’s customer types.

GCEX, a leading prime brokerage in digital assets and FX, has released XplorDigital trading solutions, including two new best-in-class and intuitive trading platforms – XplorSpot and XplorTrader - to help brokers, fund managers, hedge funds and professional traders operate more efficiently.

Copper.co, a leading institutional digital asset custody provider, has partnered with OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, to bring off-exchange settlements to institutional customers using Copper's ClearLoop technology.

Lloyds Bank and Enigio have launched a new long-term partnership to support greater use of digital documentation in trade finance through the use of blockchain technology.

The global digital banking market was worth $12.1 billion in 2020 and is expected to hit approximately $30 billion by 2026. It’s clear that this fast-growing, lucrative space is not just for traditional market players like high street banks anymore - but for emerging fintech providers too.