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,
This week's top fintech news highlights significant developments from industry leaders such as Airwallex, Melio, BNZ, Standard Chartered, and Marygold & Co UK, showcasing their innovative approaches to driving growth through strategic investments and partnerships. Airwallex, a prominent
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for the financial services industry, has announced its financial results for the third quarter of 2024, ending September 30. Despite facing challenges in the financial sector, the company has shown significant
In a significant move to bolster its e-commerce acquiring services, Mutual Trust Bank (MTB) in Bangladesh has transitioned to a new payment gateway provided by UK-based Compass Plus Technologies. The transformation, completed in just six months with the assistance of Dhaka-based ITC Consultants,
The Global Open Banking market is on the brink of a substantial expansion, with projections indicating a rise from USD 35.4 billion in 2024 to a significantly higher value by 2032. This growth is driven by the secure sharing of financial data through APIs (Application Programming Interfaces), which
The landscape of business banking in the UK is undergoing a significant transformation, with mobile banking rapidly becoming the preferred channel for small and medium-sized enterprises (SMEs). As the backbone of the British economy, SMEs account for 60% of employment and half of all turnover in
