bolttech Insurance, the Hong Kong general insurance arm of international insurtech bolttech, has launched MyTravel, a comprehensive travel coverage plan for customers, their families, pets and belongings.  The product is available exclusively through FWD's online insurance platform, a direct-to-customer platform providing a faster and smoother insurance experience.

Levenue, Europe’s largest revenue-based financing marketplace, is pleased to announce the appointment of Rolf Hickmann to its board of directors. The addition of Hickmann, a distinguished data modelling expert and well-respected industry veteran, reflects Levenue's commitment to creating a more transparent model for connecting entrepreneurs and investors by materially enhancing Levenue’s underwriting capabilities.

Consumer card spending grew 3.1 percent year-on-year in January – less than the latest CPIH* inflation rate of 4.2 percent, yet higher than December’s growth of 2.3 percent. Retail, hospitality, and leisure spending slowed as Brits stayed at home to shelter from the cold weather and save money after a busy festive period. However, pointing to improving optimism, consumers’ confidence in both their household finances and ability to spend within their means reached its highest point in over two years.

PayU, India’s leading payment solutions provider, today announces it has successfully migrated its credit service, LazyPay, to Thought Machine’s cloud-native core banking platform, Vault Core, and is now live. This partnership has enabled LazyPay to build innovative lending and credit products, deliver a superior, secure, and efficient user experience, and set a new standard for credit financing in India.

In 2023, the rate of return in the European P2P market has risen to 10.4% with leaders from Croatia and Ireland, where it promises to be at 15% p.a.

Robocash analysts have evaluated the level of profitability of 77 P2P platforms from 19 European countries. The study examined both the proposed nominal rates and the real risk premiums, which may vary depending on market conditions, inflation expectations and other factors.

Ebury, a fintech specializing in cross-border payments and FX solutions, based in London and present in 25 countries, has introduced to the market a pioneering solution for direct transactions between the Brazilian real and the Chinese yuan. The new solution will facilitate and expedite trade between Brazil and China, which in 2023 alone totaled exports and imports of over US$145 billion, according to Brazilian Government data. The solution benefits companies in both the traditional industrial and digital technology sectors. 

NovoPayment, a mission-critical financial and payments infrastructure provider, announced today that it has received Mastercard certification, as part of the Mastercard Network Enablement Partner program, to switch and process Mastercard transactions in Mexico.

The needs for businesses and merchants conducting trade internationally have evolved with new technologies and regulations meaning fintechs have to constantly adapt to changing priorities to maintain a competitive edge. Considering this, fintechs that offer multiple solutions will be highly sought after as merchants look to fulfill their business objectives while keeping their overhead costs to a minimum.