What are the current centrifugal forces in the banking sector and their impact on processes, what influence do AI, innovations, platform economy, banking as a service and finally sustainability have on the future of banking?

There are three areas where banks' business models are under pressure and which are influencing processes in the background, creating the risk that business could migrate:

Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announced the appointment of Brian Muse-McKenney as Chief Revenue Officer (CRO), reporting to E6’s CEO and Co-Founder John Mitchell.

Lumi, an Australian company specialised in lending to small and medium-sized enterprises (SMEs), has successfully concluded a capital raise of $15m.

GIMO - a startup that provides a flexible salary payment solution towards the goal of financial security for low- and medium-income workers in Vietnam, officially completed the Series A funding round, with a total mobilized capital of up to 17.1 million USD.

A common misconception about financial advice is that it is only necessary for the wealthy, but this is simply not true. Regardless of income, savings, and ambitions, everyone can benefit from professional planning to help them achieve their personal financial goals and secure their future objectives. Whilst those with a higher net worth may be more likely to have more complex financial situations and financial needs. Everyone can benefit from receiving sound financial advice to help them make informed decisions about their money.

Travelex, a market-leading foreign exchange brand, has launched a new automated, self-serve currency kiosk that affords customers more choice and convenience in their foreign exchange transactions.

NetGuardians is to deploy its AI-enabled payment fraud prevention solution at Jordan-based bank, Bank al Etihad as the two institutions continue to counteract financial crime. By choosing to work with the award-winning Swiss fintech, Bank al Etihad will strengthen its fraud prevention capability, further mitigating the risk of fraudulent activity across all payment channels.

Clicksendnow, market-challenger in African remittance payments, and  ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced today the implementation of ThetaRay’s SONAR platform to provide automated transaction monitoring and sanction screening to support ClickSendNow’s company growth.

Handepay, PayPoint Group, and their partner YouLend, an embedded finance platform, today announce that the partnership has supported over 750 fundings to businesses over the last year worth more £12.5 million.