The Weekly Wrap: all you need to know by Friday COB | Dec 5th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Asset management services provider Waystone has deployed Fenergo’s client lifecycle management and KYC technology to enhance how it delivers AML and compliance services to institutional clients.

Waystone supports fund managers with governance, administration, risk and compliance services. Its AML Centre of Excellence manages investor AML checks, client reviews, sanctions screening and know-your-asset (KYA) processes. These activities are now centralised through Fenergo’s data-driven platform, enabling a unified view of client risk assessments, standardised reporting and reduced duplication across teams.

The deployment forms part of Waystone’s wider digital transformation strategy aimed at improving user experience, operational transparency and regulatory alignment across jurisdictions. With regulatory expectations becoming more complex in major markets, the ability to automate workflows, track reviews, and maintain auditable records is increasingly critical for service providers operating across borders.

Waystone said the technology implementation allows it to issue more structured and fully auditable AML reports at regular intervals, while giving clients clearer visibility into review status and outcomes. Increased automation also supports faster service delivery and strengthened governance across processes.

Deals of the week

• NPST secures $33m from Tata Mutual Fund
• KAST rolls out KAST Pay for faster international transfers
• RBI and ECB to link UPI with European payment system
• Bourn raises £3.5m to scale AI-powered SME funding solution
• FinVolution secures credit from HSBC to boost financial inclusion
• Aviva taps GBST Tech to modernise retirement products
• Revolut adds Street Mode to stop thieves from moving your money
• DXC and Aptys partner to modernise bank payments
• Navro adds BVNK stablecoin payments for faster global payouts

Be on the lookout for

The IBSi Global FinTech Innovation Awards 2025, held on 21st November in Mumbai, once again spotlighted the most disruptive and transformative achievements in banking and financial technology, celebrating standout innovation across high-impact categories such as Core Banking, Digital Lending, AI/ML, and GenAI. Now in its seventh year, the programme recorded its highest-ever participation, with 600+ submissions from 150+ financial institutions and technology providers across 50+ countries, cementing GFIA 2025 as a premier benchmark for excellence in global FinTech innovation. ​

Building on a record-breaking 2024 edition, this year’s awards delivered even broader global representation, deeper insights into bank–tech collaboration, and a rigorous, data-driven judging process powered by IBS Intelligence’s proprietary research and analytics. Beyond the trophies, 2025 winners now move into a full year of elevated visibility through editorial features, thought leadership opportunities, and industry event integrations—turning recognition on awards night into sustained momentum and influence across the FinTech ecosystem. ​

With the stage set and the winners unveiled, GFIA 2025 has raised the innovation bar yet again, underlining AI-powered transformation, digital excellence, and next‑gen financial infrastructure as defining themes for the year. As the industry digests this year’s success stories, the countdown effectively begins for the next wave of innovators aiming to shape the future of global FinTech at the 2026 edition.