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.

Rewards programmes are not delivering on their promise to drive customer loyalty for retailers, according to the latest research from Adyen, the payments platform of choice for many of the world's leading companies. The majority of customers (55%) say that rewards programmes do not offer things they actually want and that customer experience holds almost equal influence when it comes to loyalty (48%). 

Moody’s Analytics today announced that HSBC will be extending its contract and expanding its use of the Moody’s Analytics PFaroe™ DB software, a risk analytics and reporting solution for the defined benefit (DB) pensions market.

Insurance is the industry of risk. But the depth and breadth of COVID-19 - its impact on society and the economy - was not in insurers’ near-term planning models this year. Insurers and their customers enter 2021 in a world transformed. Physical and mental barriers have deteriorated. Walls separating businesses from customers have collapsed, with the discovery that digital can strengthen customer relationships.

As a member of the OpenWealth Association, SIX is launching three new interfaces for Swiss wealth management on the b.Link open banking platform. The association created by industry representatives agreed the common API standards last December. The wealth management interfaces will go live on b.Link this year. Banks will be able to connect with external asset managers via portfolio management system providers. For many banks, the new wealth management applications are likely to highlight the benefits of moving to open banking.

Matthew Parish, Product Manager, TrueLayer
Albert Cabre Juan, Open Banking Lead, Monzo

Monzo was the first bank to introduce a Gambling Block in 2018, following demand from customers who wanted help controlling their gambling addictions. Over 275,000 Monzo customers have chosen to activate the Monzo Gambling Block and less than 10% have ever switched it off permanently. 

Moorwand, which aims to transform compliance into an enabler of innovation, today announced it has been selected by VIALET as the issuer and BIN Sponsor for its new credit product.

As more people become accustomed to the security and convenience of the digital channel, digital transactions including mobile wallet payments are continuing to increase. 

State Street Corporation has announced the launch of Insights, a new research platform that offers clients proprietary research, exclusive data-driven indicators and the latest market commentary from the firm’s team of global macro strategists. Insights gives investors access to State Street Global Markets’ multi-asset research offerings in an intuitive and interactive format tailored to their interests.

Building on its commitment to drive positive change through its data and insight, Refinitiv announced the launch of MarketPsych ESG Analytics, a new analytics tool to provide numerical ESG insights on companies and countries based on news and social media monitoring.