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Gold and Special Minerals Fund Holdings Monthly Update – May 2023 and Attribution Analysis

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Toronto, Ontario–(Newsfile Corp. – May 30, 2023) – This report details the most recent portfolio holdings for Gold & Precious Metal Managed Funds and summarizes changes in portfolio holdings.

A Copy of the Full Report is Available at the Link Below: 

https://mailchi.mp/mineralfunds/portfolio-holdings-monthly-update-may-2023

Gold & Precious Metal Managed Funds included in this report:

Domicile Fund Name Fund Fees Holdings Report
Funds Reporting Monthly
  
USA Fidelity Select Gold Summary Mar, 2023
USA Franklin Gold & Precious Metals Fund (USA) Summary Apr, 2023
Luxembourg Franklin Gold & Precious Metals Fund (Lux) Summary Apr, 2023
USA VanEck International Investors Gold Fund Summary Apr, 2023
USA VanEck VIP Global Gold Fund Summary Apr, 2023
  
Funds Reporting Quarterly
   
USA Allspring Precious Metals Fund Summary Mar, 2023
USA American Century Global Gold Fund Summary Dec, 2022
USA Euro Pacific Gold Fund Summary Jan, 2023
USA Gabelli Gold Fund Summary Dec, 2022
USA GAMCO Global Gold, Natural Resources & Income Trust Summary Dec, 2022
USA GAMCO Natural Resources, Gold & Income Trust Summary Dec, 2022
USA Invesco Gold & Special Minerals Fund (USA) Summary Jan, 2023
USA Midas Series Trust Summary Dec, 2022
USA OCM Gold Fund Summary Feb, 2023
USA Precious Metals UltraSector Profund Summary Jan, 2023
USA Rydex Precious Metals Fund Summary Dec, 2022
USA Sprott Gold Equity Fund Summary Dec, 2022
USA US Global Investors Gold and Precious Metals Summary Dec, 2022
USA US Global Investors World Precious Minerals Summary Dec, 2022
USA Victory Precious Metals Fund Summary Dec, 2022
  
Funds Reporting Annually / Semi Annually
  
Canada BMO Precious Metals Fund Summary Sep, 2022
Canada CI Gold Corporate Class Summary Sep, 2022
Canada CI Precious Metals Fund Summary Sep, 2022
Canada CI Precious Metals Private Trust Summary Sep, 2022
Canada CIBC Precious Metals Fund Summary Dec, 2022
Canada Dynamic Precious Metals Fund Summary Dec, 2022
Canada Dynamic Strategic Gold Class Summary Dec, 2022
Canada IG Mackenzie Global Precious Metals Class Summary Sep, 2022
Canada Mackenzie Precious Metals Fund Summary Sep, 2022
Canada NBI Precious Metals Fund Summary Dec, 2022
Canada Ninepoint Gold & Precious Minerals Fund Summary Dec, 2022
Canada RBC Global Precious Metals Fund Summary Dec, 2022
Canada TD Precious Metals Fund Summary Dec, 2022
Luxembourg BAKERSTEEL Precious Metals Fund Summary Dec, 2022
Luxembourg BlackRock Global Funds World Gold Fund Summary Feb, 2023
Luxembourg Claresco Or et Metaux Precieux Summary Dec, 2022
Luxembourg CPR Invest – Global Gold Mines Summary Jan, 2023
Luxembourg Crossinvest Metals and Mining Equity Fund Summary Dec, 2022
Luxembourg Deutsche Invest I Gold & Precious Metals Summary Dec, 2022
Luxembourg DJE Gold & Ressourcen Summary Dec, 2022
Luxembourg Konwave Gold Equity Fund Summary Dec, 2022
Luxembourg Konwave Sustainable Gold Equity Fund Summary Dec, 2022
Luxembourg Landolt Investment (Lux) SICAV – Gold Summary Dec, 2022
Luxembourg Lombard Odier Funds – World Gold Expertise Summary Sep, 2022
Luxembourg NESTOR Gold Funds Summary Dec, 2022
Luxembourg NinetyOne Global Gold Fund (Lux) Summary Dec, 2022
Luxembourg Plutos Gold Plus Summary Sep, 2022
Luxembourg Schroder ISF Global Gold Summary Dec, 2022
Luxembourg Sprott-Alpina Gold Equity UCITS Fund Summary Dec, 2022
UK DMS Charteris Gold & Precious Metals Fund Summary Aug, 2022
UK ES Baker Steel Gold and Precious Metals Summary Feb, 2023
UK LF Ruffer Gold Fund Summary Mar, 2023
UK NinetyOne Global Gold Fund (UK) Summary Aug, 2022
UK QUILTER Investors Precious Metals Equity Summary Dec, 2022
France Amundi Actions Or Summary Jan, 2023
France Edmond de Rothschild Goldsphere Summary Sep, 2022
France Strategie Indice Or Summary Jun, 2022
France Tocqueville Gold Fund Summary Sep, 2022
Austria C-Quadrat Gold & Resources Fund Summary Aug, 2022
Bermuda ASA Gold & Precious Metals Limited Summary Feb, 2023
Germany Earth Gold Fund UI Summary Dec, 2022
Germany GR Noah Summary Jan, 2023
Germany Value Intelligence Gold Company Fonds (AMI) Summary Dec, 2022
Ireland Jupiter Gold & Silver Fund Summary Dec, 2022
Liechtenstein AIPM Junior Mining & Exploration Fund Summary Dec, 2022
Liechtenstein Craton Capital Precious Metal Fund Summary Dec, 2022
Liechtenstein Incrementum Crypto Gold Fund Summary Dec, 2022
Liechtenstein Marmite Exploration & Mining Invest Fund Summary Dec, 2022
Liechtenstein SafePort Gold & Silver Mining Fund Summary Dec, 2022
Liechtenstein Precious Metals Champion Fund Summary Dec, 2022
Liechtenstein Premium Gold & Metal Open Fund Summary Dec, 2022
Singapore DWS Noor Precious Metals Securities Fund Summary Dec, 2022
Sweden AuAg Precious Green Summary Dec, 2022
Switzerland AMG Gold, Minen und Metalle Summary Dec, 2022
Switzerland Precious Capital Global Mining and Metals Fund Summary Dec, 2022

 

A portfolio holding ‘attribution analysis‘ is undertaken on the portfolios of gold funds that report asset allocations monthly, and on any fund with assets that exceed $1 Billion USD and that reports during the period.

The attribution analysis includes a list of companies which are new to a portfolio in the period ‘New Company Holdings’, and companies which have been eliminated from a portfolio during the period ‘Companies Divested’.

FUNDS REPORTING MONTHLY

Fidelity Select Gold Fund

31.Mar.2023 $1,810 M USD
   
New Company Holdings Companies Divested
Atex Resources, Inc. BeMetals Corp.
Guanajuato Silver Co. Ltd. Pure Gold Mining, Inc.
  
Largest Position:
Agnico Eagle M. Ltd. (TSX: AEM) 8.4%

 

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Franklin Gold & Precious Metals Fund (USA) Franklin Gold & Precious Metals Fund (Lux)

30.Apr.2023 $1,010 M USD 30.Apr.2023 $445 M USD
  
New Company Holdings Companies Divested New Company Holdings Companies Divested
Montage Gold Corp. None Montage Gold Corp. None
  
Largest Position: Largest Position:
Endeavor Mining (TSX: EDV) 5.2% Endeavor Mining (TSX: EDV) 5.2%

 

VanEck International Investors Gold Fund VanEck VIP Global Gold Fund

30.Apr.2023 $791 M USD 30.Apr.2023 $60.5 M USD
  
New Company Holdings Companies Divested New Company Holdings Companies Divested
West Red Lake Gold Mines Sabina Gold & Silver Corp. West Red Lake Gold Mines Sabina Gold & Silver Corp.
  
Largest Position: Largest Position:
Agnico Eagle M. Ltd. (TSX: AEM) 6.7% Agnico Eagle M. Ltd. (TSX: AEM) 6.8%

 

ATTRIBUTION ANALYSIS FOR FUNDS REPORTING MONTHLY

Fidelity Select Gold Fund

AUM for Fidelity Select Gold Fund have increased since the time of our last update (Sep.2022) from $1,179 M USD to $1,810 M USD (Mar.2023) (+53.5%).

The Fund reported 2 new positions in Mar.2023: ATEX Resources Inc. (CVE: ATX) and Guanajuato Silver Co. Ltd. (TSXV: GSVR).

ATEX Resources Inc. is a Latin America-focused (principally Chile) exploration company headed up by experienced mining entrepreneur Raymond Jannas who is leading a team of professionals with the goal of discovering economically viable mineral deposits through a disciplined approach to exploration.

On August 4, 2022, Guanajuato Silver Co. Ltd. acquired all the Mexican assets of Great Panther Mining. This transaction expanded Guanajuato Silver’s operations to a total of five mines and three production facilities.

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During the most recent reporting period (Mar.2023), Fidelity Select Gold Fund divested from BeMetals Corp. (TSXV: BMET) which is advancing gold exploration targets in Kyushu, Japan. The Fund’s holding of Pure Gold Mining Inc. (NEX: PGM.H) was liquidated with West Red Lake Gold Mines Ltd. (TSXV: WRLG) acquiring the historic Madsen Gold Mine.

Franklin Gold & Precious Metals Fund (USA)

AUM for Franklin Gold & Precious Metals Fund (USA) have increased since the time of our last update (Oct.2022) from $831 M USD to $1,010 M USD (Apr.2023) (+21.5%).

The Fund reported a new position in: Montage Gold Corp. (CVE: MAU).

Montage Gold Corp. is headed up by Richard P. Clark, formerly CEO of Red Back Mining Inc. which sold to Kinross for $7.1 B USD, and is supported by a team recognized for discovering, building, operating, and growing major gold deposits in West Africa.

Franklin Gold & Precious Metals Fund (Lux)

AUM for Franklin Gold & Precious Metals Fund (USA) have increased since the time of our last update (Oct.2022) from $329 M USD to $445 M USD (Apr.2023) (+35.2%).

VanEck International Investors Gold Fund

AUM for VanEck International Investors Gold Fund have increased since the time of our last update (Oct.2022) from $588 M USD to $791 M USD (Apr.2023) (+34.5%).

The Fund reported a new position in: West Red Lake Gold Mines Ltd. (TSXV: WRLG)

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West Red Lake Gold Mines Ltd. recently acquired the historic Madsen Gold Mine from Pure Gold Mining Inc.

The Fund’s position in Sabina Gold & Silver Corp. was acquired by B2Gold Corporation (TSX: BTO).

VanEck VIP Global Gold Fund

AUM for VanEck VIP Global Gold Fund have increased since the time of our last update (Oct.2022) from $37 M USD to $60.5 M USD (Apr.2023) (+63.5%).

The Fund reported a new position in West Red Lake Gold Mines Ltd. (TSXV: WRLG) which acquired the historic Madsen Gold Mine from Pure Gold Mining Inc. in receivership. The Fund’s position in Sabina Gold & Silver Corp. was acquired in full by B2Gold Corporation (TSX: BTO).

FUNDS WITH AUM > $1 BILLION USD

BlackRock Global Funds World Gold Fund

Fund Comparison: August 31st, 2022 / February 28th, 2023

28.Feb.2023 $3,823 B USD
   
New Company Holdings Companies Divested
Pan American Silver Corp. Castile Resources Ltd.
Rupert Resources Ltd.
  
Largest Position:
Endeavor Mining (TSX: EDV) 7.4%

 

Invesco Gold & Special Minerals Fund (USA)

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Fund Comparison: October 31st, 2022 / January 31st, 2023

31.Jan.2023 $2,065 B USD
   
New Company Holdings Companies Divested
Teck Resources Ltd. Lake Resources
Alcoa Corp. Westgold Resources Ltd.
Piedmont Lithium Inc. Equinox Gold Corp.
Maverix Metals, Inc.
Minera Alamos, Inc.
New Gold Inc.
Novagold Resources Inc.
Jervois Global Ltd.
AngloGold Ashanti Ltd.
   
Largest Position:
Barrick Gold Corp. (TSX: ABX) 7.4%

 

ATTRIBUTION ANALYSIS FOR FUNDS WITH ASSETS > $1B USD

BlackRock Global Funds World Gold Fund

AUM for the world’s largest gold equities fund, BlackRock Global Funds World Gold Fund (BGF World Gold Fund), increased over the reporting period from (Aug.2022) to (Feb.2023) from $3,351 M USD to $3,823 M USD (+14.1%).

The Fund reported 2 new positions: Pan American Silver Corp. (TSX: PAAS) and Rupert Resources Ltd. (TSX: RUP).

On March 31, 2023, Pan American Silver Corp. acquired the Latin American mines and properties of Yamana Gold Inc. In the 6 months to Feb.2023 BGF World Gold Fund took up a new position in Pan American Silver Corp.

Rupert Resources Ltd. is advancing the Ikkari Discovery in the Central Lapland Greenstone Belt in the Tier 1 mining jurisdiction of Finland. In the 6 months to Feb.2023 BGF World Gold Fund took up a new position in Rupert Resources Ltd.

In the 6 months to Feb.2023, the Fund divested from Australian listed Castile Resources Ltd. (ASX: CST). Castile’s flagship asset is the Rover 1 IOCG Project located in the Rover Mineral Field in the Northern Territory. Castile has supported a public listing since January 2020 and released a pre-feasibility report for Rover 1 on January 31st, 2023.

Invesco Gold & Special Minerals Fund (USA)

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AUM for Invesco Gold & Special Minerals Fund (USA) increased over the reporting period from (Oct.2022) to (Jan.2023) from $1,533 M USD to $2,066 M USD (+34.7%).

In the most recent reporting quarter (Oct.2022-Jan.2023), Invesco Gold & Special Minerals Fund has taken on 3 new positions: Teck Resources Ltd. (TSX: TECK.B), Alcoa Corp. (NASDAQ: AA) and Piedmont Lithium Inc. (NASDAQ: PLL).

Teck Resources Ltd. is in public takeover discussions with Glencore plc (LON: GLEN). Piedmont Lithium Inc. is an Australian mining company in the process of proving economic mineral recovery of lithium in Gaston County, North Carolina.

During the reporting period (Oct.2022-Jan.2023), the Fund divested from several public company holdings including: Lake Resources Co. (ASX: LKE), Westgold Resources Ltd. (ASX: WGX), Equinox Gold Co. (TSX: EQX), Maverix Metals Inc. (TSX: MMX), Minera Alamos Inc. (CVE: MAI), New Gold Inc. (TSX: NGD), NovaGold Resources Mining Co. (TSX: NG), Jervois Mining Ltd. (CVE: JRV) and AngloGold Ashanti Ltd. (JSE: ANG).

Maverix Metals Inc. (TSX: MMX) was taken over by Triple Flag Precious Metals Corp. on January 12th, 2023. The remaining companies were portfolio divestitures during the quarter.

‘Increasing Shareholding’ and ‘Decreasing Shareholding’ fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure. This portfolio analysis information is available to Substack subscribers only.

A complete list of Gold and Precious Metal Managed Funds and their respective portfolio holdings can be found at: 
https://mineralfunds.com/gold-funds/

Reported by: Christopher Berlet BSc, CFA Supported By: Khadijah Samnani, Analyst

For further information please contact:
(416) 525 – 6869
[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168025

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Fintech Pulse: Daily Industry Brief – A Dive into Today’s Emerging Trends and Innovations

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The fintech landscape continues to redefine itself, driven by innovation, partnerships, and groundbreaking strategies. Today’s roundup focuses on the latest digital wallet offerings, evolving payment trends, strategic collaborations, and notable funding achievements. This editorial explores the broader implications of these developments, casting light on how they shape the future of fintech and beyond.


Beacon’s Digital Wallet for Immigrants: A Gateway to Financial Inclusion

Beacon Financial, a leading player in financial technology, recently launched a digital wallet tailored to meet the unique needs of immigrants moving to Canada. This offering bridges a critical gap, enabling seamless financial integration for newcomers navigating a foreign system.

By combining intuitive technology with user-centric features, Beacon aims to empower immigrants with tools for payments, savings, and remittances. This aligns with the growing demand for tailored financial products that resonate with specific demographics.

Op-Ed Insight:
Financial inclusion is more than just a buzzword; it’s a moral imperative in the fintech space. Products like Beacon’s digital wallet highlight the industry’s potential to create tangible change. As global migration trends increase, such offerings could inspire similar initiatives worldwide.

Source: Fintech Futures.


Juniper Research Highlights 2025’s Payment Trends

Juniper Research’s latest report unveils pivotal payment trends poised to dominate in 2025. Central themes include the adoption of instant payment networks, a surge in embedded finance solutions, and the rise of crypto-backed financial products.

The research underscores the rapid adoption of real-time payment systems, fueled by increasing consumer demand for speed and efficiency. Meanwhile, embedded finance promises to blur the lines between traditional banking and non-financial services, delivering personalized and context-specific solutions.

Op-Ed Insight:
As the lines between financial services and technology continue to blur, these trends emphasize the industry’s shift toward convenience and personalization. The growing role of crypto-based solutions reflects an evolving consumer mindset, where decentralization and digital-first experiences gain precedence.

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Source: Juniper Research.


MeaWallet and Integrated Finance Partner to Revolutionize Digital Wallets

MeaWallet, a prominent fintech solutions provider, has partnered with Integrated Finance to advance digital wallet capabilities and secure card data access for fintech companies. This collaboration focuses on empowering fintechs to deliver better, safer digital payment experiences.

MeaWallet’s role as a technology enabler aligns seamlessly with Integrated Finance’s goal of simplifying complex financial infrastructures. Together, they aim to create scalable, robust platforms for secure payment solutions.

Op-Ed Insight:
Partnerships like this underscore the importance of collaboration in driving innovation. As security concerns grow in tandem with digital payment adoption, solutions addressing these challenges are essential for maintaining consumer trust. The fintech ecosystem thrives when synergy and innovation coalesce.

Source: MeaWallet News.


Nucleus Security Among Deloitte’s Fastest-Growing Companies

Nucleus Security has achieved a remarkable milestone, ranking 85th on Deloitte’s 2024 Technology Fast 500 list. This achievement is attributed to its robust cybersecurity solutions, which cater to the increasingly digital fintech environment.

With cyberattacks becoming more sophisticated, fintech companies are under immense pressure to safeguard their platforms. Nucleus Security’s growth reflects the rising demand for comprehensive, scalable security solutions that protect sensitive financial data.

Op-Ed Insight:
In a digital-first world, robust cybersecurity isn’t optional—it’s fundamental. The recognition of companies like Nucleus Security signals the growing importance of protecting fintech infrastructure as the industry scales globally.

Source: PR Newswire.


OpenYield Secures Funding to Transform the Bond Market

OpenYield has announced a successful funding round, aiming to revolutionize the bond market through innovative technology. The platform promises greater transparency, efficiency, and accessibility in fixed-income investments.

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This funding underscores the growing appetite for digitizing traditionally opaque financial markets. By leveraging cutting-edge technology, OpenYield seeks to democratize bond investments, making them accessible to a broader audience.

Op-Ed Insight:
The bond market, long viewed as complex and inaccessible, is ripe for disruption. OpenYield’s efforts to modernize this space highlight fintech’s transformative potential to democratize finance and empower individual investors.

Source: PR Newswire.


Key Takeaways: Shaping the Future of Fintech

Today’s developments underscore several critical themes in the fintech landscape:

  1. Personalization and Inclusion: Products like Beacon’s wallet highlight the importance of understanding and addressing specific user needs.
  2. Collaborative Ecosystems: Partnerships, like that of MeaWallet and Integrated Finance, emphasize the power of collaboration in solving industry challenges.
  3. Emerging Technologies: Juniper Research’s predictions affirm the continued influence of blockchain, embedded finance, and instant payment networks.
  4. Security at the Core: The recognition of Nucleus Security underscores the essential role of cybersecurity in fintech.
  5. Market Transformation: OpenYield’s funding signifies the ongoing disruption of traditional financial markets, paving the way for broader accessibility.

 

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Fintech Pulse: Industry Updates, Innovations, and Strategic Moves

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As fintech continues to reshape the global financial landscape, today’s briefing highlights pivotal developments, strategic expansions, and innovative launches across the industry. This op-ed explores the latest advancements with commentary on their potential impacts and challenges.


Finastra Data Breach: A Wake-Up Call for Fintech Security

Source: KrebsOnSecurity

The cybersecurity landscape is buzzing after Finastra, one of the largest financial technology providers globally, confirmed an investigation into a potential data breach. Reports suggest unauthorized access to its systems, raising concerns about data security across its client base, which includes thousands of banks and financial institutions worldwide.

Implications and Challenges

While the details of the breach remain sparse, this incident underscores a glaring vulnerability in the fintech sector—cybersecurity. As financial services increasingly rely on interconnected ecosystems, breaches like these threaten not only individual institutions but also the trust customers place in fintech platforms.

The key takeaway for the fintech industry is clear: proactive cybersecurity strategies must go beyond compliance. Real-time threat detection, robust encryption standards, and regular audits are no longer optional but essential for maintaining operational integrity.

Future Considerations

This breach could trigger a domino effect, prompting regulators to tighten security standards and requiring fintech companies to double down on investments in data protection. Startups and mid-tier players, often lacking extensive cybersecurity budgets, may face significant pressure to keep pace.


PayPal Resurrects Money Pooling Feature

Source: TechCrunch

In a bid to stay ahead of the competition, PayPal is reintroducing its Money Pooling feature, a popular tool that was discontinued in 2021. The feature allows users to pool funds collectively, catering to families, small businesses, and social groups.

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Strategic Revival

This move reflects PayPal’s commitment to customer-centric innovation. By reinstating a feature beloved by its user base, the company seeks to reclaim market share lost to emerging competitors offering similar functionalities.

Broader Industry Impacts

Money pooling represents a broader trend in fintech—customized solutions that cater to niche needs. This reintroduction may inspire competitors like Venmo and CashApp to refine their collaborative payment offerings.

While this move strengthens PayPal’s ecosystem, its success will depend on seamless integration with existing services and robust fraud prevention mechanisms to avoid abuse of the feature.


Santander Expands Fintech Reach in Mexico

Source: Yahoo Finance

Santander is making waves in the Latin American fintech space with the launch of a dedicated fintech unit in Mexico. The initiative aims to capitalize on Mexico’s growing fintech adoption and digital payments market, valued at billions of dollars annually.

Strategic Significance

Santander’s expansion into Mexico highlights the region’s untapped potential. Latin America is a burgeoning market for fintech, driven by increasing smartphone penetration, a youthful demographic, and demand for accessible financial services.

Challenges on the Horizon

While Mexico offers immense opportunities, regulatory complexities and market competition from local players like Clip and Konfío pose significant challenges. Santander will need to blend its global expertise with local adaptability to succeed in this dynamic market.


2024 Global Fintech Awards: Spotlighting Excellence

Source: PRNewswire

Benzinga has announced the winners of the 2024 Global Fintech Awards, honoring companies and individuals driving innovation in financial technology. This year’s winners spanned categories like blockchain, artificial intelligence, and payment solutions.

Recognizing Industry Leaders

Awards like these highlight the collaborative spirit and entrepreneurial drive fueling fintech growth. Recognizing trailblazers not only motivates incumbents but also inspires startups to push the boundaries of innovation.

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What It Means for the Ecosystem

The awards also bring attention to emerging technologies. Categories such as blockchain and AI signal the industry’s continued focus on leveraging cutting-edge tech for efficiency and scalability.


Commonwealth Central Credit Union Partners with Jack Henry

Source: FinTech Futures

Commonwealth Central Credit Union (CCCU) has announced a partnership with Jack Henry, a leading financial technology provider, for a comprehensive tech upgrade. The collaboration focuses on enhancing member experience through improved digital services.

Modernizing Member Experiences

Credit unions have often lagged behind major banks in adopting advanced digital solutions. By partnering with Jack Henry, CCCU aims to bridge this gap, offering members streamlined services such as mobile banking, automated lending, and personalized financial tools.

A Growing Trend

This partnership reflects a broader trend in the financial industry—credit unions and smaller banks embracing fintech to remain competitive. As customer expectations evolve, partnerships like this may become the norm rather than the exception.


Key Takeaways for the Fintech Industry

  1. Cybersecurity is Critical: The Finastra breach underscores the need for robust security measures.
  2. Innovation Drives Loyalty: PayPal’s revival of its Money Pooling feature highlights the importance of listening to customers.
  3. Regional Opportunities: Santander’s expansion into Mexico showcases the untapped potential of emerging markets.
  4. Recognition Matters: Awards like Benzinga’s provide valuable visibility for companies and individuals shaping the industry.
  5. Partnerships Foster Growth: Collaborations between credit unions and fintech companies signify a trend towards modernized financial solutions.

 

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Fintech Pulse: Milestones, Partnerships, and Transformations in Fintech

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The fintech sector continues its relentless drive toward innovation and market dominance. Today’s highlights include a record-breaking customer milestone for Revolut, groundbreaking fintech solutions for women in the EU, open entries for the PayTech Awards 2025, implications of political shifts on funding, and notable recognition at the US FinTech Awards.

Revolut Hits 50 Million Customers: A Global Fintech Giant’s Milestone

Source: Revolut

Revolut, the UK-based financial super app, has achieved a monumental feat: surpassing 50 million customers worldwide. This milestone underscores its position as a leader in the global fintech landscape, furthering its ambition to create the world’s first truly global bank.

Key to this success has been Revolut’s strategy of expanding its offerings, from banking to travel and crypto services, all within a seamless user experience. The company’s recent ventures into emerging markets such as Latin America and Asia demonstrate its intent to bridge financial services gaps while retaining competitive differentiation through technology.

This milestone is not just a triumph for Revolut but a signal of fintech’s capacity to redefine traditional banking. It reinforces the narrative that digital-first strategies, customer-centric innovation, and international scalability can challenge long-standing financial institutions.

PayTech Awards 2025: Celebrating Excellence in Innovation

Source: FinTech Futures

The PayTech Awards 2025 are officially open for entries, promising to spotlight the brightest minds and most innovative projects in the payment technology sector. These awards are a testament to the industry’s commitment to advancing secure, seamless, and scalable payment systems.

This year, the focus is on emerging technologies that redefine how businesses and consumers interact financially. Categories will recognize achievements across multiple domains, including sustainability in payments, AI-driven solutions, and partnerships that push boundaries.

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As fintech companies prepare their entries, the awards provide a timely reminder of the sector’s ongoing evolution and the collaborative efforts required to achieve meaningful breakthroughs.

U.S. Politics and the Fintech Sector: A New Era of Funding?

Source: American Banker

The U.S. fintech sector might witness an infusion of optimism as speculation about a second Trump presidency gains momentum. The Trump-era policies of deregulation and venture capital encouragement are remembered as catalysts for unprecedented fintech growth during his first term.

While it remains uncertain how regulatory landscapes will shift, the possibility of a more relaxed approach toward fintech compliance could rejuvenate funding inflows. Investors and startups alike are watching closely, weighing the potential benefits against long-term risks tied to reduced oversight.

A politically charged backdrop often spells volatility, but for fintech, it may also spell opportunity. Preparing to adapt quickly will be crucial for startups and established players in the face of any regulatory pivot.

Klara AI and Unlimit: Addressing the €1.3 Trillion Female Economy

Source: FF News

Klara AI has teamed up with Unlimit to launch a fintech solution aimed at empowering women across the EU. This collaboration targets the €1.3 trillion female economy by addressing the unique financial needs of women entrepreneurs and consumers.

The solution promises to integrate AI-powered tools with streamlined financial management services, enabling users to access credit, manage investments, and scale businesses effectively. By tailoring services to the underserved female demographic, the partnership hopes to drive financial inclusion and support economic growth.

This initiative stands as a blueprint for fintechs exploring niche markets, proving that innovation tailored to specific segments can yield transformative results.

Autire: Accounting Tech of the Year at US FinTech Awards

Source: Business Wire

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Autire, a rising star in financial technology, has been crowned ‘Accounting Tech of the Year’ at the US FinTech Awards 2024. The award recognizes Autire’s ability to blend cutting-edge AI with intuitive user interfaces, delivering unparalleled accounting solutions for businesses of all sizes.

Autire’s platform has gained traction for automating complex accounting tasks, ensuring compliance, and delivering actionable insights through real-time analytics. Its emphasis on reducing administrative burdens for SMEs has been particularly impactful, enabling entrepreneurs to focus on growth rather than bookkeeping.

The recognition not only cements Autire’s reputation but also highlights the role of AI-driven accounting solutions in reshaping business operations globally.

Final Thoughts: A Fintech Revolution in Full Swing

From customer milestones to policy-driven opportunities, the fintech ecosystem is in constant evolution. Revolut’s ascent to 50 million users signals growing consumer trust in digital platforms. The PayTech Awards continue to inspire innovation, while political shifts could redefine the regulatory landscape. Initiatives like Klara AI and Unlimit emphasize the power of targeted solutions, and companies like Autire show how niche technologies can achieve broad impact.

The next phase of fintech growth will likely hinge on inclusivity, adaptability, and innovation—pillars that today’s news stories exemplify.

 

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