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7 Major Challenges in the Fintech Industry in 2023

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.

Monday, February 27, 2023 - 18:45
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Financial IT
Shanghai Commercial Bank Chooses Salt Edge for Open Banking Compliance

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.

Monday, February 27, 2023 - 15:15
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Financial IT
27/02 – Weekly Investment & Fundraising News

Cybersecurity Platform CyberSmart Raises $15M

Monday, February 27, 2023 - 11:54
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Financial IT
27/02 – Weekly Fintech Recap

Partnerships 

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

Monday, February 27, 2023 - 11:52
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Financial IT
Recessionary Concerns Turn up the Heat on UK Accounting & Finance Teams

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.

Monday, February 27, 2023 - 10:44
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Financial IT
One-third of Businesses and Three in 10 Consumers are Ready to Adopt Open Banking Payments

Businesses and consumers alike are ready to embrace open banking, according to a survey from YouGov and GoCardless. 29% of UK consumers said they are likely to try open banking-powered Variable Recurring Payments (VRPs) as they become more widely available, with 36% of that group agreeing that the technology sounded convenient.

Monday, February 27, 2023 - 10:24
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Financial IT
FinTech Startup Mobileware Technologies Bags The Prestigious ISO 27001:2013 Certification

Mobileware Technologies, a market leader offering UPI interoperability, scalable payment solutions, and seamless access to the payments ecosystem to businesses, has received the coveted International Organization for Standardization’s ISO 27001:2013 certification, demonstrating its dedication to security management best practices.

Monday, February 27, 2023 - 10:16
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Financial IT
Fingerprints and Flywallet Developing Wearable Biometric Payment & Access Products for Europe

World-leading biometrics company 

Monday, February 27, 2023 - 10:13
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Financial IT
Mastercard and Vesta Partner to Deliver Enhanced Digital Fraud Detection Solutions for Asia Pacific

Mastercard and end-to-end fraud protection platform Vesta have announced a new strategic partnership to deliver state-of-the art fraud management solutions for merchants in Asia Pacific.

The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee platform, and will allow merchants to eliminate online fraud, approve more transactions and grow their business.

Monday, February 27, 2023 - 09:41
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Financial IT
DKK Partners Expands to Dubai to Empower Local Businesses

DKK Partners, a leading fintech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, has launched a Dubai operation to turbocharge the business economy in the Middle East.

The news comes following circa 60% per cent growth in 2022, surpassing £100 million in revenue, up from £63 million the previous year.

Monday, February 27, 2023 - 09:30
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Financial IT

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