We are experiencing an unprecedented global shift in demographics. Our society is aging; we are living longer, healthier, and more productive lives. Life expectancy has improved significantly, and we have added decades of healthy living since the early 1900s. Along with longer lifespans, we are also staying employed longer than before. Soon, we will have five generations working alongside each other. Not only “when” or “how long” we are working has changed, “how” we are earning a living has changed as well.
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Award-winning payments optimisation company Ixaris today announces a new partnership with financial service infrastructure experts Banking Circle, connecting the latter’s Virtual IBAN (International Bank Account Number) technology to Ixaris’ payment products. The resulting payments solution is the travel industry's most comprehensive, streamlining payments and tapping new revenue sources in ways previously thought impossible.
Equifax Inc., (NYSE: EFX) a global data, analytics and technology company has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.
Wirex, one of the first UK FCA regulated providers of digital money solutions, has embarked on a ground-breaking new collaboration with Stellar to release 26 fiat-backed stablecoins for its 2 million+ users and 5000+ business clients.
Johan Toll, CTO, Europe - IPsoft speaks about company's cognitive assistant Amelia and 1Bank app
Finnish fintech company Mash partners with Tink to take the next step in becoming a fully data-driven payment solution provider.
Tink’s account aggregation capabilities allow for the aggregation of any financial information that is typically available in banks’ mobile apps. Mash will use Tink’s technology to deliver a better experience to its 150,000 users by providing smoother onboarding process and much deeper control, visibility and insight about their financials.
Stripe launched Stripe Billing in Europe. As a product built on top of Stripe’s core payments infrastructure, Stripe Billing simplifies the recurring billing process for SaaS and subscription-based companies, such as Slack and Meetup in the US.
Subscriptions are a driving force in the internet economy. The subscription e-commerce market has grown more than 100 percent a year over the past five years, and 32 percent of people would prefer to buy goods via subscriptions than one-off purchases. In Europe, subscription businesses are growing even faster than in the US.
Wealth management fintech firm, JHC Systems (JHC), has launched its Digital Wealth Platform. The product and service offering allows firms to digitise key processes, which will improve efficiency and enhance the experience of end users. This means wealth managers will be freed up to focus on what really matters – client relationships and retention.
Research conducted by Bud reveals nearly half of young Brits (45%) will first turn to family members for financial advice over banks, indicating a prevailing disconnect between millennials and their financial services providers. The headline figure was taken from Bud’s multimedia research initiative called Futureproof, which aims to shed light on the complex relationship people have with their money and act as a driver for meaningful and positive change within the financial services industry. The data was gathered in a quantitative study of 2000 young people between the ages of 22-35.