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:

• Accenture

We are excited to share that Accenture has acquired a digital twin technology developed by Percipient, a Singapore-based fintech company with deep experience in banking technology transformation. Percipient’s solution strengthens our existing core modernisation offerings, enabling banks to efficiently unlock new opportunities for growth, launch new products faster, and deepen customer engagement through cloud, data, and AI.

• Axway

We are happy to announce that Regions Bank has selected Axway to accelerate open banking services, enhancing customer control of financial data. Tom Hogan, vice president for Financial Services and Open Banking at Axway, said, “This allows their customers to benefit more from the expanding ecosystem of next-generation fintechs and third-party data providers.”

• Klarna

Big news: Klarna x Zalando just got even bigger! Our ‘Pay in 3’ option is now live in Germany, Austria, the Netherlands, Poland, and Denmark, giving even more shoppers the freedom to split their payments into three interest-free installments. Try it, love it, keep it – or send it back! No upfront costs, no stress.

• Network International

Network International is pleased to partner with Money Fellows, the leading money circles app, to power a new solution that will leverage its best-in-class payment functionality.  Leveraging Network’s advanced ‘Digital Payments as a Service’ platform, this collaboration enhances security, fraud prevention, and user experience, supporting Money Fellows’ expansion across the Middle East and Africa.

• Objectway       

We’re proud to announce a major milestone, as we have officially entered the MENA region by signing our first client in Kuwait, Kuwait Financial Centre – Markaz, a leading asset management and investment banking firm. By leveraging Objectway’s cutting-edge modular platform, Markaz is now set to elevate the client experience and enhance service delivery across its operations.

• Visa

Visa is proud to partner with ICICI Bank and Times Internet to unveil the Times Black ICICI Bank Credit Card powered by Visa. This super-premium credit card provides exceptional travel benefits and curated experiences to the modern affluent Indian. This co-branded metal card is crafted especially for those who value exclusivity, time and convenience.