WealthTech Weekly May 27, 2022

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

What happened: Klarna announced a 10% layoff due to market challenges, Saphyre added 38 new AI patents, Revolut Business launched a new suit for better team spending management, Fluid Attacks presented testing software that employs ethical hacking, Stripe cut the red tape of its App Marketplace, and NatWest let know it cooked a new platform with Accenture and Microsoft, all while the BNPL baton might be passed back to banks. But let’s break it down.

Klarna informed its employees about the upcoming 10% layoff. The possibility of a recession is just one reason for that move.

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Saphyre, an AI platform that digitizes pre-trade data and streamlines its flow across all the counterparties, can now boast of 105 patented AI technologies. Such a proliferated innovation should allow Saphyre’s clients to further cut off the unwanted post-trade activities and speed up onboarding.

Find out more here.

Revolut Business has a new suite of tools for CFOs and controllers. Spend Management will help them manage corporate expenses in real time.

Find out more here.

Fluid Attacks has a new product too: a security testing company has launched its Continuous Hacking solution at Fintech Nexus. What’s curious about this software is that brings together automation and manual ethical hacking. 

Find out more here.

Stripe is pushing the customization limits by introducing App Marketplace for up to 50 apps. DocuSign and Dropbox are among the businesses who have already occupied a place in Stripe’s space, attracted by its benefits.

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NatWest is getting rid of legacy systems, and Accenture and Microsoft are helping with that. The joint forces will build a new platform that should enable the bank’s employees to provide seamless customer experience using Microsoft Dynamics 365.

Find out more here.

By 2026, BNPL payments could be 25% of the total number of global e-commerce transactions. What role will banks play in that?

Find out more here.

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