October 2024
24Oct

Pensionbee’s strategic US expansion backed by £20m funding as fintech eyes global pension market

Pensionbee, the online retirement savings provider, reported positive adjusted earnings in the last quarter and raised £20m for its US expansion. The London-based fintech firm saw a revenue increase in the third quarter, jumping to £9m from £6m the previous year. The company anticipates breaking even on an adjusted EBITDA basis by 2024. For the third quarter, it recorded its second consecutive quarter of positive adjusted EBITDA at £1m, as reported by City AM The firm also reported £5.5bn in assets under...

October 24, 2024
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July 2024
18Jul

PensionBee to enter US market

PensionBee Group plc, a prominent online pension provider, has announced the launch of its operations in the United States, the world’s largest Defined Contribution pension market. The move will see them enter the market which accounts for approximately 80% of the global total and boasts $22.5tn in assets. The company’s wholly-owned US subsidiary, PensionBee Inc., is now registered with the US Securities and Exchange Commission as an investment adviser. In May this year, PensionBee entered into a strategic agreement with State Street...

July 18, 2024
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April 2023
14Apr

PensionBee. Annual Report and Financial Statements 2022

By PensionBee PensionBee is a leading online pension provider in the UK, with a mission to make pensions simple, so that everyone can look forward to a happy retirement. We are a direct-to-consumer financial technology company with approximately 183,000 Invested Customers and £3.0bn of Assets under Administration (‘AUA’) as at 31 December 2022 (2021: 117,000 Invested Customers and  £2.6bn of AUA). We deliver a leading customer proposition to pension holders in the UK defined contribution pensions market, catering for the mass...

April 14, 2023
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March 2023
03Mar

Exploring the Integration of AI and ML in Fintech: Emerging Trends and Future Directions

By Rahul Jain This research paper aims to explore the integration of artificial intelligence (AI) and machine learning (ML) in the field of financial technology (Fintech). The paper examines the emerging trends in the integration of AI and ML in Fintech and evaluates the potential benefits and challenges associated with this integration. The study utilizes a qualitative research approach that involves an extensive review of relevant literature, including academic articles, industry reports, and news articles. The findings indicate that AI and...

March 3, 2023
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February 2023
23Feb

Leveraging Fintech To Drive Financial Inclusion: Strategies And Best Practices

Financial inclusion (i.e., the availability and accessibility of financial services for individuals and businesses) is a fundamental goal for governments and organizations around the world. Despite progress in recent years, there are still many individuals and communities that lack access to basic financial services such as savings and credit. Fintech, or financial technology, has the potential to play a major role in addressing this problem by making financial services more accessible and affordable for those who need them most. One...

February 23, 2023
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01Feb

How Fintech And Blockchain Are Evolving And Disrupting Financial Institutions

Blockchain technology is disrupting financial institutions in radical new ways. Rather than replacing what already exists, it creates an entirely new market and an avenue to bank the unbanked. Blockchain is creating new financial solutions that scale faster and are cheaper, more secure and more accessible to even ordinary men on the street. It has removed the barriers to enjoying financial services, enforced security, removed middlemen and enhanced transparency. Once touted by investors as worthless and called unprintable names by traditional...

February 1, 2023
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November 2022
03Nov

How technology can support pensions for the underserved

New technologies, including central bank digital currencies, can help to better distribute and protect wealth PROVIDING pension support for workers in the informal sector has always been a challenge. At a recent Green Shoots session held at Prudential Singapore’s office, panellists discussed how the use of technology and digital tokens can help facilitate the distribution of micro pensions, and what challenges remain. Micro pensions refer to small sums of money saved by self-employed individuals, that are then invested to yield...

November 3, 2022
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October 2022
19Oct

Fintech en el mundo. La revolución digital de las finanzas ha llegado a México

Por Bancomext La influencia de los cambios tecnológicos en todas las actividades humanas, así como en los valores de la sociedad, conllevan un desafío para todos los sectores económicos incluyendo las instituciones financieras, como Bancomext. La innovación tecnológica y digital representa para los bancos y, en particular, para la banca de desarrollo, una oportunidad de mejorar la eficiencia y productividad que otorgue un mayor respaldo a las empresas. Hoy por hoy, la tecnología es un aliado que facilita la actividad...

October 19, 2022
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September 2022
22Sep

Pan-European Pension Product is now available in the first EU country

The European pension is now available to clients in Slovakia. It has a strict fee cap, is portable, and is bound by European legislation. Slovak fintech broker Finax is the first European company that became licensed to offer it. All residents of the European Union can open a pan-European Personal Pension Product (PEPP). It is not tied to employment or the place of work. Its goal is to provide the saver with an old-age income supplementing the state pension. Savers...

September 22, 2022
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July 2022
20Jul

Cruzando las Fronteras: Cómo el ecosistema Fintech está empujando a las compañías de FS y de TMT fuera de sus propias fronteras de industria

Por PWC En el pasado, la industria de servicios financieros (FS), y las de tecnología, medios* y telecomunicaciones (TMT) evolucionaban por caminos paralelos sin cruzar la frontera de industria con las otras. Esto no es lo que ocurre actualmente, en donde las fronteras entre FS y TMT se han desvanecido al punto que ya no existen, y estas industrias, anteriormente distintas y separadas, ahora están chocando. Muchas compañías TMT están aplicando a licencias de FS, y las compañías de FS han empezado...

July 20, 2022
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