Fintech

Find out the latest developments of the week

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By Gloria Mathias

FinTechs continue to play a critical role in transforming and reshaping the traditional contours of the financial industry. As technology becomes more and more intertwined with financial services, FinTech innovations are not simply incremental, but rather disruptive, paving the way for greater efficiency, accessibility, and new business models.

This week’s FinTech Focus presents a curated selection of the most significant developments that underscore the dynamic nature of this sector.

Let’s take a look at the top six ads made by FinTech bigwigs this week:

FIS is proud to announce the launch of SMB Digital Lending, a new solution to help banks source, underwrite and profitably fund loans of all sizes for small and medium-sized businesses. Created in partnership with LendioThe new solution leverages advanced analytics and machine learning to help banks better support SMEs.

Paycorp is pleased to announce that we have expanded our services in embedded business finance in both South Africa and the UK. With over two decades of experience, we continue to shape the future of payments in Southern Africa, Central and Eastern Europe and the UK. We are proud to be recognized as an innovator, leveraging a collaborative and integrated ecosystem. We combine expertise, reliability and agility in transaction processing, cash management solutions, value-added services such as cardless and crypt and now also embedded business finance.

Profile Software has announced that First Global Bank Limited has chosen our Smart Banking solution to offer complete banking services, including customer onboarding and product creation.

Quantifeed is thrilled to partner with Thinking Machine to bring next-generation wealth management solutions to banks. Our combined proposition enables banks to serve their customers through greater digital engagement and increase the productivity of their relationship managers.

Systems Limited is excited to partner with Forming tube to revolutionize the banking technology landscape in MEA and KSA. By integrating Formpipe’s modern CCM platform with our advanced banking offerings, we are poised to transform customer onboarding, loan origination and document management processes for global banks. This strategic partnership promises streamlined processes and seamless banking experience at the lowest total cost of ownership, delivering unmatched value to our customers.

TerraPayPartner network strengthens with new alliances! Terrapay is excited to collaborate with Alawneh Exchange | العلاونه للصرافةa leading financial services provider in the Middle East. This collaboration will enable seamless international money transfers, ensuring reliable and convenient financial solutions.

Read also: Artificial Intelligence Applications in Banking in Q2 2024

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