Intellect Global Consumer Banking, the consumer banking arm of Intellect Design Arena Limited, today announced the launch of eMACH.ai, the world’s largest Open Finance based Core Banking Platform On Cloud with a pre-integrated Marketplace for the UK  and Europe markets. The platform is hosted on AWS cloud and empowers financial organisations to design signature products and deliver contextual experiences for their customers throughout their life journey.

With many firms yet to launch a mobile app for their savings customers, Monstarlab’s David Titterton, Engagement Director – Banking, Insurance and Financial Services, makes the case for making this leap into the digital era in 2023.

Current State of Market

Leading global fintech brand, Unlimint, is set to launch its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the CBN. This milestone development authorizes Unlimint to operate as a recognized payment service provider in the region, enabling the delivery of a wide range of payment services and methods that will help local businesses expand their reach to a local and global audience.

As technology evolves and is more present in our lives, consumers are beginning to ask why banking services cannot be as intuitive as managing their music playlists. Higher consumer expectations combined with the currently fast-changing environment brought by open banking make banks jump into new innovative waters. 

MoneyHero, Hong Kong's largest and most visited digital personal finance platform, has launched its game-changing MoneyHero App, a mobile application that provides Hong Kong consumers free and ready access to individual credit score reports powered by Hong Kong's leading consumer credit reference agency, TransUnion, to make better and informed financial decisions.

Armalytix, a cutting-edge fintech company that streamlines financial insights for financial crime and risk checks to the professional, financial services and gambling sectors, announced today the launch of Income and Risk Insights.

LIBF‘s Centre for Digital Banking and Finance has today launched a comprehensive fintech glossary. Created by a team of industry experts, this innovative resource is designed to provide an indispensable reference for finance professionals, students, and anyone with an interest in fintech, and help them navigate what are often complex terms and jargon.

Wolters Kluwer Enablon has released V9 2023 of the Enablon Vision Platform, its integrated risk management platform. “This major release brings valuable changes, additional functionality, and usability enhancements to the Enablon Vision Platform. AI-powered regulatory compliance capabilities and advanced mobile features help businesses navigate ever-evolving risk and compliance requirements,” the company says.

Flutterwave, Africa's leading payments technology company, today announced its partnership with SHiiP, Nigeria’s leading courier service. The collaboration aims to improve deliveries for Flutterwave store SMEs and large-scale merchants across the African continent.

Waave, an Australian open banking startup for account-to-account payments, has closed a $4.7 million seed round backed by Menulog managing director Morten Belling and e-commerce investor Paul Greenberg