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.

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.

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.

World-leading biometrics company 

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.

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.