Mastercard has formed a strategic partnership with illicocash, the fintech arm of Rawbank, to introduce a virtual card program in the Democratic Republic of Congo (DRC). The program supports financial inclusion by providing consumers and businesses with a new and effortless way to conduct e-commerce transactions.

Over the past year, there’s been a significant shift in the financial services sector towards more remote digital access, largely driven by the escalating customer demand for seamless and on-the-go transactions. While this transition has undeniably enhanced user convenience, it has also widened the digital attack surface, creating a fertile ground for fraudsters to exploit vulnerabilities.  

Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with multifi, the UK-based cashflow management platform, to provide UK-based small and medium-sized businesses (SMBs) with an enhanced international payment solution, allowing them to seamlessly convert and send funds to their global suppliers worldwide in more than 35 currencies at highly competitive rates.  

Five years after launch, Trade Republic has grown to Europe’s largest broker and leading savings platform. Currently, 4 million customers in 17 countries invest with Trade Republic, managing assets of around 35 billion euros. While passing ECB interest rates of currently 4 percent p.a. to customers, Trade Republic closed its financial and calendar year in 2023 with a net profit.

Keepit has today announced HSBC Innovation Banking, the global, specialized banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO).

Alkami Technology, Inc., a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has partnered with Chimney™, a fintech transforming how financial institutions use property data. Through this strategic partnership, financial institutions can empower homeowners with the financial tools, data, and insights they need to manage their greatest financial asset within digital banking.  

Flexys has partnered with Thought Machine to integrate its industry-leading Control+ debt management platform with Thought Machine’s cloud-native core banking platform, Vault Core.

Banks are under pressure with rising levels of consumer debt, tighter regulation, and slow digital transformation, resulting in inadequate innovation and poor customer experience. Those running on legacy technology, including debt management systems, face labor-intensive, costly, and inefficient processes.

Provenir, a global leader in AI-powered risk decisioning software, today announced the appointment of Lori Copeland as Chief People Officer.

After a year of challenges for the crypto industry, 2024 will be one of great importance for the sector with the new bitcoin halving among the events that will mark the course of the crypto world. The presidential elections in the United States and Mexico, as well as the recent presidential change in Argentina, are among the events that could also define the path of digital assets. Bitso —the leading financial services company powered by crypto in Latin America— shares some predictions for the industry in 2024.

GoCardless, the bank payment company, has extended its relationship with JustGiving to become the online donation platform’s exclusive open banking payment provider, replacing American Express. The move will see JustGiving use both the fintech’s Instant Bank Pay feature to collect instant, one-off gifts and its Direct Debit capabilities for recurring donations.