Record £125bn added to saving reserves during lockdown¹, average £5,000 per household

• Interest rates remain at historically low levels²

Bank of England estimates £1.6tr in household cash deposits - £225bn in non-interest bearing deposits³

Marqeta has developed a new credit card issuing platform to help the world’s innovators launch cutting-edge credit products in an industry dominated by traditional players. This move into credit rounds out Marqeta’s comprehensive card issuing platform, which allows them to power any card type – credit, debit, and prepaid – through Marqeta’s modern card issuing platform.  

Goode Intelligence (www.goodeintelligence.com) is delighted to announce that Biometric Summit 2021 will take place on Tuesday 13th April as an online event.

Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations and business intelligence solutions, today announced the launch of its brand new Virtual Experience Center. The platform enables channel partners and end users to easily and efficiently collaborate with Genetec employees to discuss projects, view demos and access materials, in one virtual environment from anywhere in the world.

It has been said that prediction is very difficult, especially if it’s about the future. The unprecedented events of 2020 demonstrated quite how difficult it can be. The monumental uplifts in digital volumes, shifts in customer requirements and broader economic impact would have been (and frankly still are) barely conceivable.

ING is announcing today that it intends to withdraw from the retail banking market in the Czech Republic. Raiffeisenbank Czech Republic has agreed to prepare a welcome offer for ING’s retail customers in the Czech Republic.

Cobalt, a multi-award-winning provider of FX and Digital Asset risk and settlement infrastructure, has partnered with Spotex, the developer of FX technology solutions, to provide clients with dynamic credit management tools. Through the partnership Cobalt’s Risk Hub will be available for clients of Spotex’s FX electronic communication network (ECN).   

Tinkoff launches Tinkoff Checkout, an online and offline payment service for legal entities. 

Tinkoff Checkout will operate as a one-stop shop, enabling companies to take care of all of their online and offline financial needs in one place.

•  New open source data standard for bond issuance systems launched by Origin with the support of Clearstream and the Luxembourg Stock Exchange
• The initiative provides a universal data language for post-trade market participants, with the aim of enabling straight through processing across the ecosystem by standardising data exchange, making communication more effective and the entire process more efficient, accurate and integrated

This will enable the Accel backed FinTech to launch an array of financial services, including payments from the UK to East Africa. Over 70% of payments to Africa are still sent in cash using over the counter services. Many of these services have been suspended or limited due to coronavirus restrictions, leaving people with pricey, unreliable or hard to access alternatives.