Fintech, Finance, Technology, Banking Highlights – 9 November 2017
Scalable Capital hits €500 million in assets
Just 22 months after its launch in Germany and 16 months after the launch in the UK, digital wealth manager Scalable Capital manages over 500 million euros of investments for more than 15,000 clients.
The Fintech is expanding its position as the clear market leader in Germany and is one of the fastest growing robo-advisors worldwide.
“In the past ten months, we have been able to grow our assets under management fivefold to over half a billion euros. This shows that private investors value the benefits of a technology-driven investment model, cost-effective ETFs and digital usability, ” said Adam French, Founder and CEO of Scalable Capital.
Xero and Worldpay collaborate on electronic invoicing
A new integration to simplify payments for hundreds of thousands of SMBs has been announced today between leading payments company, Worldpay and Xero, the UK’s leading cloud accounting software company.
As part of this collaboration, Xero users will have the option to create and send electronic invoices, including a ‘Pay Now’ option that allows customers to pay immediately by entering their credit or debit card details through Worldpay’s secure payments gateway.
According to Worldpay, clunky payments processes put unnecessary barriers between the business owner and their customer, which can lead to delays in getting paid. Through this integration, the ‘Pay Now’ function, which also includes automatic reminders when payments are due, or overdue, will encourage faster payments by making the process as easy for customers as ordering from their favourite online stores.
OCBC puts health insurance on the mobile
Digitalising the way customers buy health insurance products, OCBC Bank has again launched a first in the digital wealth management space.
This first-of-its-kind way of buying a health insurance plan in a few simple clicks via OCBC Bank’s mobile and Internet banking channels makes access to essential health and illness coverage fast and frictionless.
Typically, health insurance plans like critical illness, disability, hospitalisation and surgical are not sold via online channels as they require a health check-up to evaluate the applicant’s medical condition. However, with Early Cancer Care, eligible OCBC Bank customers simply need to make a health declaration with the click of a button.
Scotiabank implements Mastercard’s Masterpass
Today Mastercard and Scotiabank announced that Scotiabank customers now have access to fast, simple and secure online payments with Scotiabank Masterpass.
From paying online for food, to shopping for gifts, or purchasing movie tickets, Scotiabank customers can now use the Scotiabank Masterpass wallet at thousands of merchants for seamless online and in-app payments.
“Canadians are increasingly shopping online and expect an experience that is fast, simple and secure,” said Derrick Breau, senior vice president, Canada account management at Mastercard. “With Scotiabank Masterpass, Scotiabank customers with credit cards or debit cards will get an easy, intuitive and low friction shopping experience at leading merchants. It enables consumers to pay for the things they want with the security they demand.”
