HSBC has announced its decision to withdraw its 5.4% stake in Monese, a London-based fintech firm renowned for its mobile-only banking services, sparking a wave of discussions in both the financial and fintech sectors. This move raises critical questions about HSBC’s strategic direction and the
Financial technology is rapidly evolving, and the recent partnership between Pinwheel and Lumin Digital is a testament to the industry's push towards innovation. This alliance aims to optimize account acquisition and activation for financial institutions using state-of-the-art technology. The
Galaxy Asset Management has achieved a significant milestone, with its assets under management (AUM) skyrocketing to over $10 billion, a substantial 24.8% growth from the prior month. This impressive expansion has been fueled by overall positive market conditions, even as the firm experienced some
Nasdaq's expansion of its footprint in Latin America's burgeoning financial technology sector has taken a significant step forward with its recent partnership with Nubank. Nubank, a noteworthy digital bank, boasts a staggering client base exceeding 100 million customers across Brazil, Mexico, and
Choosing the right core banking solution has never been more crucial for financial institutions. As banks navigate the dual pressures of adopting artificial intelligence (AI) and migrating to cloud-native technologies, the need to modernize their core systems becomes evident. Recent findings from a
The journey of Banking-as-a-Service (BaaS) spans over three decades, tracing back to a time when banking was largely an in-house affair, with financial institutions tightly gripping the reins of their services and infrastructure. From the clunky, monolithic banking systems that operated in silos,
