FinTech Focus: Catch latest developments of the week

By Gloria Methri

FinTechs continue to play a pivotal role in transforming and reshaping the traditional contours of the financial industry. As technology becomes increasingly intertwined with financial services, FinTech innovations are not merely incremental but rather revolutionary, paving the way for enhanced efficiency, accessibility, and novel business models.

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

Let’s look at the top six announcements made by the FinTech bigwigs this week:

• BancoSantander

“Today, we announce the launch of Openbank in the United States during the second half of 2024. This launch will accelerate Santander US’ execution against its profitable growth strategy with a modern, simple and secure technological platform that provides best-in-class customer experience.”

• GBST

“What a great collaboration between GBST and our new client, Luna Partners. Together, we created a unique platform that seamlessly connects investors and managers to the wholesale private equity market. Developed and implemented by GBST, the platform opens new Australian and New Zealand investment opportunities for individual investors that were previously only accessible to institutional investors.”

• Mono

“We’re excited to announce that we have partnered with Mastercard to offer account-to-account payments via Mono DirectPay on the Mastercard Payment Gateway System. This gives developers and businesses within Mastercard’s network access to another secure and innovative way to accept payments from customers.”

• Oracle

“New AI-powered Oracle Financial Services Compliance Agent cloud service helps banks more effectively combat anti-money laundering and stay compliant while saving costs.”

• Wise

“Wise Platform is excited to launch our new partnership with Swan, one of Europe’s leading providers of embedded finance! From today, Swan clients will be able to offer end customers the ability to send and receive funds internationally in 20+ currencies at the mid-market rate quickly by leveraging Wise’s international payments infrastructure.”

• Worldline

“Worldline and Credit Agricole today unveiled CAWL, the new payment brand for merchants in France. Its offering draws on the strengths of Crédit Agricole and Worldline, combining service, proximity, high technology and innovation.”

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