This week the news is all about open banking. From a new Unicorn company through illuminating findings on the EU bankers’ attitudes to the UK’s largest seed round of any open banking startup. Apart from that, we’re taking a look at an SME challenger bank, a partnership built around cryptocurrency, and a study on embedded finance. Read on to get the full story.
New week, new startups covered in FinTech Wire. Today, you can read about Shares.io, a social investment platform, and W1tty, a challenger bank soon to be launched in the UK. We will also hear from their more experienced counterparts that have some exciting news to share: PayPal, Nubank, and TrueLayer.
The Middle East is a huge and diverse region spanning over three continents and populated by more than half a billion people. This diversity is also visible in the FinTech market there, with some regions more technologically advanced and some just at the beginning of their road to the future of financial services. Let’s find out more about the FinTech in the Middle East landscape.
Can you make money by serving people of humble means? Can you sustain a business addressed to people outside of the global financial system? Limited market opportunities and few coins in the pocket don’t have to be a dead end. As Bill Gates once said: there’s a difference between banks and banking. If you need proof that FinTech companies can provide quality services to customers despite their financial status, look at neobanks in Africa.
How do you filter the market data to pick out the most valuable insights? Does the amount of news and updates make your head spin? The FinTech Wire comes to the rescue with a carefully selected combination of brand stories which are shaking the world of finance and banking. This week, we’ll be hearing from Visa, Pennyworth, Monument, SoFi, JP Morgan, and NerdWallet. Let’s roll!
With over 80 percent of financial services companies in the UK investing in open banking products and services, it is safe to say that open banking has revolutionized the financial landscape. FinTech firms can now benefit from open APIs that enable them to customize apps and services based on their business requirements. These top third-party open banking apps provide companies in the FinTech space with real-time data insights to facilitate payments and enhance customer experience.