Over the last decade, the payments industry has changed significantly. Today, financial institutions require their system to be flexible and offer them the ability to bring products and services to the market quickly to be able to compete in the market. However, many continue to operate on card-based platforms that are entering their fourth decade, instead of moving to moving to modern, third generation payments platforms which were built to provide FIs with the means to launch ground-breaking products and solutions suitable for the market today, and in the years to come.

The advanced financial apps that are in use today are the natural outcome of increasing synergy between modern technology and the financial sector. With technology influencing every aspect of financial services, right from wealth management to data security, it comes as no surprise that it’s major impact is being levied on the apps.

On that note, here’s taking a closer look at the technologies that are in demand in the popular financial apps. And, in this context, let’s also discuss the apps that are benefiting the most from this.

The Barcelona-based startup PayRetailers (PayR) helps companies that want to enter the markets in the LATAM region with its diverse suite of payment options through a single integration.

Diasoft, a leading provider of IT solutions for the global financial services market, has signed a partnership agreement with Rostelecom-Solar, a national provider of cyber security technologies and part of the Rostelecom Group. The partnership is aimed at the creation of the banking segment of the National Cyber Range that will be used by domestic banks to practice protection against cyber threats.

Curv, the leader in digital asset security,

Verve Management, the organizer of Future Banks Summit KSA has received great interest for the virtual summit and the demand of seats is extremely high. The summit takes place on 23-24 November 2020 from 10:00 AM to 12:30 PM (KSA time) and the registrations are due to close soon.

You may register here to get your VIP Pass: https://bit.ly/2FhdwOn. Registrations close by 19^th November 2020.

Nationwide, the world’s largest building society, has joined forces with Accuity, the global compliance provider to start accepting cross-border transactions via Visa Direct. Customers can send Visa Direct payments to Nationwide accounts in real-time, creating a frictionless user experience

FinChatBot, a creator of conversational AI solutions for the financial services industry, has attracted £1.2 million from Saviu Ventures, a French investment holding company which focuses on African startups; Mauritius-based Compass Vent

Following receipt of its banking licence with restriction on 6 October 2020, Monument has now signed agreements with a number of key technology providers to enable the build of its bespoke technology platform.

Avaloq Insight is a real-time data science cloud platform providing wealth managers and financial advisers with advanced levels of analytics. The new platform is designed to drive customer satisfaction and increase sales effectiveness based on big data technology.