WealthTech Weekly May 20, 2022

Welcome to the news highlights of the last week. Let’s get in sync with the WealthTech world.

What happened: Mastercard blessed card owners with “smile to pay” payment option, Current kicked off a platform for embedding finserve solutions, Amount and LendIt Fintech research results highlighted tight competition of banks and neobanks, agri-Fintech expanded in Europe, Deutsche Bank allocates up to £100m to MarketFinance, Brazilian Nomad scooped $32M funding, Ukraine’s banking system stayed (and stays) rock-hard for another week of war, and Redington’s Ada Fintech launched a tracker of manager voting records. Impressive.

Mastercard now lets you pay your check with a smile or a wave of a hand. However, easy might not mean safe, and data security concerns are still there after the launch. 

Read the full article here.

Current gets Plaid as the first Fintech to explore its integration opportunities. Current’s new API platform allows open banking providers to embed finserve solutions easily and with a full security of customers’ data.

Read the full article here.

Traditional financial institutions try hard to keep up with neobanks. The results of the Amount and LendIt Fintech survey of more than 1,000 players in banking and Fintech evidence that most financial institutions are not ready to dip their toes in digital banking alone. So, they seek partnerships.

Read the full article here.

Read the full article here.

MarketFinance will receive £100 million from Deutsche Bank to flow the money as lending for robust SME businesses.

Read the full article here. 

Nomad, which helps Brazilians get bank accounts in the U.S., secures $32m in Series B funding.

Read the full article here.

Ukraine’s banking system is stable, just as its macroeconomic situation is, PM Shmyhal says.  Despite the war, Ukrainian banks have people’s impressive trust.

Read the full article here.

Redington’s Ada Fintech levels up ESG research and analysis for investors. With Ada Fintech’s new data platform, they’ll be able to track manager voting records, but it’s not the only feature of the solution.

Read the full article here.

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