Rapid Enterprise, a division of Rapid Finance and an industry leader in delivering automated and scalable Lending-as-a-Service (LaaS) solutions to support the growth and success of small businesses, announced today from FinovateFall 2023 a host

IT automation in the financial services industry has been an evolving trend for many years. Generally speaking, IT automation refers to the use of software to create repeatable instructions and processes to reduce human interaction with IT systems. With the increasing complexity of IT infrastructures and the need to deliver faster and more efficient services to customers, financial institutions have been turning to automation to remain competitive and agile. 

The term ‘BaaS provider’ can have different interpretations. The first Banking-as-a-Service (BaaS) providers were tech firms, focused on offering API-based core banking solutions to banks with legacy systems. The next generation of BaaS providers combined API-based platforms with regulated financial infrastructure to provision banking products and services – retail or corporate – through third-party distributors.

Multi-award-winning software provider, Bright, has announced the launch of BrightPropose, a streamlined, digital solution to producing tailored, branded proposals for accounting professionals in the UK and Ireland.

ila Bank, the digital mobile-only bank powered by Bank ABC, has unveiled a new credit card rewards program, ‘ila Rewards,’ powered by Mastercard’s PwR platform. The customizable rewards program enables customers to redeem rewards in a seamless and instant way through the ila Bank application. ila Bank is the first bank in Bahrain to utilize Mastercard’s PwR service and the first issuer in MENA to proceed with full in-app integration to offer credit card holders a personalized end-to-end digital experience journey.

PIMFA WealthTech, the FinTech platform and digital market network created to drive innovation and enhance collaboration between FinTechs and the Wealth Management sector, in association with Morningstar, have announced the results of their first collaboration.

Morningstar and PIMFA’s tech sprint – ‘the Duty of Care Tech Challenge’ - was designed to challenge FinTechs to develop solutions to help Wealth Management Firms and Advisers navigate the new Financial Conduct Authority (FCA) Consumer Duty regulation.

The burden of financial worry is having a significant impact on the mental wellbeing of millions across the UK, particularly young adults, new research from responsible lender, Creditspring, has found.

Flutterwave, Africa's leading payments technology company has announced the launch of Swap, powered by Flutterwave, in partnership with Wema Bank and Kadavra BDC. Swap is a cutting-edge solution that is backed by the Central Bank of Nigeria (CBN) to serve as a secure & reliable digital platform for Nigerians to have immediate access to foreign currency at competitive exchange rates.

finova, the UK’s largest cloud-based mortgage and savings software provider, has partnered with Sail Wills, the digital will-writing service, to incorporate its self-service will templates into finova’s Broker CRM.