FinTech Focus: Catch latest developments of the week

By Gloria Mathias

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 five announcements made by the FinTech bigwigs this week: 

• CIH Bank

“Strategic Partnership between CIH BANK and Backbase. We are delighted to announce the signing of an agreement between CIH BANK and Backbase, marking a turning point in the innovation of digital banking services in Morocco! The partnership aims to transform the customer experience by offering personalized digital banking solutions and simplifying access to financial services. Thanks to the integration of Backbase’s platform, CIH BANK is committed to modernizing its digital infrastructure, making every interaction more intuitive and accessible for all Moroccans.”

• Neonomics

“OUR BIGGEST LAUNCH YET! Say hello to Nello AI and Nello Pay! Neonomics Launches Nello, an AI-powered payments and data suite aiming to transform Open Banking adoption.”

• Profile Centevo

“Excited to announce our new multi-year partnership with Danske Bank! We are empowering their FundManagement operations with innovative solutions, supporting strategic growth across the Nordics. Exciting times ahead!”

• Zafin

“Zafin and Microsoft are a great team. And it just got better. Our extended strategic collaboration is taking bank modernization to the next level. The global relationship positions Zafin’s technology as a significant player in core banking modernization and innovation running on Azure! This latest advancement leverages Azure’s generative AI, driving innovation and transformation across the banking industry.”

• Zenus Bank

“We’re thrilled to announce the launch of our Banking-as-a-Service (BaaS) platform, made possible through the integration of Tuum’s cutting-edge Accounts and Payments modules. This milestone allows banks, FinTechs, super apps, and businesses worldwide to seamlessly embed U.S. banking services and extend them to their customers.”