FinTech Focus: Catch latest developments of the week

By Gloria Mathias

FinTechs continue to play a pivotal role in transforming and reshaping the traditional contours of the financial industry. As technology becomes increasingly intertwined with financial services, FinTech innovations are not merely incremental but rather revolutionary, paving the way for enhanced efficiency, accessibility, and novel business models.

This week’s FinTech Focus brings forth a curated selection of the most significant developments that underscore the dynamic nature of this sector.

Let’s look at the top five announcements made by the FinTech bigwigs this week:

• ACI Worldwide 

ACI Worldwide is delighted to join forces with RS2 to bring a sophisticated, end-to-end issuing and acquiring solution to Brazil for the first time. Our combined new solution will be a game changer for the Brazilian market, enabling customers to drive business growth and take advantage of new revenue opportunities by launching new products and services.

• Avaloq 

Avaloq is thrilled to announce that we have successfully implemented OpenWealth at our longstanding client, LGT Private Banking, in partnership with Synpulse8. OpenWealth ensures standardized connectivity between LGT and its financial intermediaries, providing them with near real-time access to the bank’s investment positions and transaction data. This, in turn, reduces operational risks and enables financial intermediaries to update their platforms with more timely and accurate data.

Thanks to Synpulse8’s standard adapter, the entire Avaloq Community can now seamlessly integrate OpenWealth into its core banking systems for improved data exchange with its network of financial intermediaries.

• Azentio

Azentio is excited to announce that Banque Populaire de Mauritanie has gone live with iMAL Business Intelligence. The bank, one of the largest financial institutions in Mauritania, has chosen to deploy iMAL Business Intelligence to simplify its data management processes and extract valuable and relevant insights for data-driven business outcomes.

• Mambu

After five successful years of collaboration and a successful launch of the bank, the fully regulated and BaFin-approved C24 Bank GmbH and Mambu have announced an extension to their ongoing partnership.

• Tuum 

Exciting News! Tuum is thrilled to announce the expansion of our partnership with Amazon Web Services (AWS)! Tuum is taking its collaboration to the next level by introducing our next-generation core banking platform to the AWS Marketplace. This move is set to revolutionize how financial institutions adopt and implement our cloud-native banking solutions.