Omniwire’s Year of Breakthroughs and Partnerships

Omniwire, a leading next-generation fintech company specializing in core banking, issuer processing and card issuing services, is pleased to announce it has received a $2 million investment that will support its mission to reshape the financial technology landscape with its innovative solutions.

Embedded finance is aterm for integrating financial services—such as lending, payment processing, orinsurance—into nonfinancial businesses' infrastructures.

Artificial intelligence is transforming the banking industry, with far-reaching implications for traditional banks and neobanks alike. This transition from classic, data-driven AI to advanced, generative AI provides increased efficiency and client engagement never seen before in the banking sector. According to McKinsey’s 2023 banking report, generative AI could enhance productivity in the banking sector by up to 5% and reduce global expenditures by up to $300 billion. But that’s not even half of the picture.