Karkal Among Key Industry Names to Become Part of Growing Financial Wellness Platform

SaveAway®, a fintech company that offers consumers an innovative “Save Now, Pay Later'' purchasing option, announced that Shamir Karkal (co-founder of Simple and Sila) has joined the company’s advisory board and will contribute as an investor.  Premal Shah, (co-founder of Kiva and Renewables.org) will also be joining Karkal as a board member. 

These days, it seems like everyone can become a successful investor. And the reason for it is that technology continues to revolutionize how people can grow their financial assets. What was once a field for the elite is now accessible to beginners. As a result, we’re seeing new kinds of investments and greater accessibility levels for amateurs, leading ultimately to better consumer engagement. There’s also lower levels because chargeback companies like Money Back can help you in the recovery of your financial resources.

Initial tests show potential for 70-90% increase in automated decision-making and double-digit increases in credit approvals for card and auto portfolios

Request to Pay services – which allow payees to initiate requests for payments within a secure messaging channel – are creating opportunities for enhanced payment experiences. And a recent Icon survey of industry stakeholders, including global banks and payment service providers (PSPs), found that 71% recognise the potential.

Near-field communication (NFC) verification technology lets businesses stay compliant with AML/KYC requirements by preventing identity fraud and protecting personal data. As a result, NFC-based ID checks are gaining popularity around the globe.

Sumsub, a tech company that fights money laundering and online fraud, has recently added NFC-based checks to its online verification solution in order to enhance quality and security.

PAX Technology, the world’s leading manufacturer of point-of-sale terminal solutions is delighted to announce that PAXSTORE and the associated Value Added Services (VAS) passed PCI DSS v3.2.1 assessment on 21^st January 2022. PCI DSS is among the most stringent financial data security standards in the world. The passing of the assessment confirms that the information security level of PAXSTORE and VAS meets the highest international standards.

Wirex, a leader in the crypto sphere, has expanded its ecosystem to enable 4.5 million users to access the popular Avalanche blockchain and tokens in the recently launched Wirex Wallet and award-winning app.

InvestCloud’s solutions aim to accelerate client growth and improve client retention 

Retailer digital receipts catapulted from 1 to 11 million since 2019

• A football stadium of customers (36,000) sign up every month via Flux’s banking partners’ apps: Barclays, Monzo, Dozens and Starling Bank

• On average, 700,000 receipts are being digitised every month by Flux

The pandemic will be remembered as a decisive time for contactless payments with accelerated card issuance and usage

Consumers favour contactless payments during the pandemic