Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine. 

Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance.

New research conducted by Klarna across 2,000 UK consumers and over 250 retail decision makers, reveals that retailers are struggling to retain their customers as consumers today increasingly have zero tolerance for a poor retail experience.

40% of shoppers say just one bad experience would stop them returning to a brand. A third (32%) say shopping isn’t as fun as it used to be, with 36% feeling that what shoppers today have gained in convenience, they’ve lost in experience. 

Following participation in the FCA’s Sandbox initiative in 2018/2019,  SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’.

Solactive announces the release of two thematic indices that capitalize on two significant megatrends that have the capacity to change not only consumer behavior, but also society as a whole. Both the Solactive China Cloud Computing Index and the Solactive China Biotech Index aim to track the individual performance of the twenty largest and most liquid Chinese companies operating in their corresponding sectors.

A smart home revolution is sweeping the nation, according to digital home insurer Policy Expert¹, which has found that the number of households with a connected home device increased by 5% from 71% in October 2018 to 76% in May 2019.

The banking and finance landscape

“The recent IT outages witnessed at leading UK high street banks typify the difficulties traditional banks and financial institutions are facing with supplying a consistent, seamless digital service due to existing IT legacy systems.

“Over the last decade, we are seeing a transition from traditional banking offerings to an inter-connected web of banking and financial service providers, with technology at its core.

“A 2016 report conducted by Capgemini and LinkedIn of 8,000 retail banking customers in 15 countries shows that half of banking customers around the globe are using financial technology products and services from at least one fintech firm – and this number is growing.

The European online division of global payments leader, Ingenico Group, has released ecommerce transaction data insights which indicate a greater pan-European business opportunity for online merchants during highly targeted peak shopping events.

Volt Bank, the first  of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services.

FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management.

AcadiaSoft  today announced a new technology partnership with CloudMargin that will provide its clients with a seamless front-to-back process for collateral and margin management. The service offers access to AcadiaSoft’s and CloudMargin’s best-in-class solutions via a single sign-on to one platform and provides real-time data and processing information that all parties can view simultaneously, enabling end-to-end workflow connectivity.