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The Popular Shift Towards Savings Accounts Marketplaces
In 2025, we’ll no doubt see a popular shift towards savings accounts marketplaces. As individuals seek better ways to plan for retirement and build their savings, the convenience of keeping their money within one ecosystem is becoming difficult to ignore. 
 
Friday, November 29, 2024 - 11:30
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Financial IT
Embedded Finance and the Re-Bundling of Financial Services
In 2025, the great re-bundling will accelerate – driven by financial institutions themselves, but also increasingly by non-financial services (FS) brands. 
 
Previously only available directly from the source, the growth of embedded finance has seen financial services embedded directly into the ecosystem of popular brands. So far we have seen businesses such as retailers integrate select services, initially with a focus on convenient payment options — BNPL being the most obvious example. 
Friday, November 29, 2024 - 11:27
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Financial IT
KPMG UK Joins FinTech Scotland

KPMG UK has joined FinTech Scotland, the cluster management organisation for fintech in Scotland. The two organisations will work closely together to help foster innovation, accelerate growth and drive technology adoption within the Scottish financial technology sector.

KPMG UK’s commitment adds additional expertise to Fintech Scotland’s cluster continuing to develop Scotland’s leadership as a fintech cluster as well as supporting the firm’s plans for further growth in Scotland.

Friday, November 29, 2024 - 09:19
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Financial IT
20th Edition Connected Banking Summit Innovation & Excellence Awards 2025 – East Africa

The 20th Edition Connected Banking Summit Innovation & Excellence  Awards 2025 is set to take place on March 12, 2025, in Nairobi, Kenya, bringing together key stakeholders from the banking, financial services, and insurance (BFSI) sectors to address the future of digital banking in East Africa. 

Friday, November 29, 2024 - 08:59
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Financial IT
AlHuda CIBE Provides Shariah Certificate to Apex Takaful

AlHuda CIBE has formally certified Apex Takaful, marking it as the inaugural Takaful operator in Uzbekistan. Apex Takaful has successfully launched a pioneering product that meets Shariah compliance requirements and has secured essential certification. The certification process conducted by AlHuda CIBE spanned one month, during which a thorough evaluation of Takaful contracts, operational agreements, and overall operational frameworks was undertaken.

Thursday, November 28, 2024 - 15:41
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Financial IT
Partior Welcomes Deutsche Bank as Strategic Investor

Partior, the blockchain-based fintech for real-time clearing and settlement, is pleased to announce that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to USD 80 million.

Thursday, November 28, 2024 - 15:34
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Financial IT
Insurtech blip Expands Small Business Insurance Offerings with Professional Indemnity Cover

blip, a leading provider of small business insurance, is excited to announce the launch of its Professional Indemnity Insurance, expanding its comprehensive range of coverage designed specifically for today’s entrepreneurs and professionals. This new offering reinforces blip’s dedication to safeguarding small businesses with tailored, flexible protection. Offering a policy which grows with businesses, where a £1mlimit costs less than £100.

Thursday, November 28, 2024 - 15:22
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Financial IT
74% of All Financial Product Sales in the UK Do Not Involve a Bank Branch – Kearney

Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, revealing that 74% of all product sales in the UK do not involve a branch or human interaction, confirming that consumers overwhelmingly prefer to interact with financial institutions remotely.

Thursday, November 28, 2024 - 15:16
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Financial IT
Lending Standards Board Adds SME Lender iwoca to Business Standards Registration

The Lending Standards Board’s (LSB) has announced iwoca, one of Europe’s largest SME lenders, as its latest firm to achieve full registration to the Standards of Lending Practice for business customers (‘the business Standards’).

Thursday, November 28, 2024 - 15:10
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Financial IT
CMA Issues Letter to Monzo About Breaching Parts 3, 7, 8, and 12 of the Retail Banking Order

Part 3 of the Order requires surveys to be carried out of Personal Current Account (PCA) and Business Current Account customers about the quality of service received from their provider. On 2 occasions Monzo published incorrect / out of date survey results.

Thursday, November 28, 2024 - 15:04
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Financial IT

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