Banking Technology Magazine February 2024 issue out now

The February edition of Banking Technology Magazine discusses challenges in the banking and fintech industry in 2024.
Mass layoff announcements were reported across the industry, including major players like Citigroup and challengers like Brex.
Tech firms facing difficulties, with UK-based Paysme and Kikapay shutting down, citing challenges during and post-Covid.
Twig, a UK-based circular economy fintech, enters liquidation two years after securing $35 million in a Series A and making acquisitions.
PFS Card Services Ireland Ltd (PCSIL), acquired by Australian paytech EML Payments in 2019, is being liquidated in Ireland as it is deemed no longer commercially viable.
In India, ZestMoney, a buy now, pay later (BNPL) start-up once valued at $450 million, faces a fire sale to DMI Group after potential buyer PhonePe abandoned the deal and founders departed.
Ongoing challenges and uncertainties in the fintech sector are highlighted, with the magazine urging readers to stay updated on the latest developments.