NatWest buys back £ 1.1bn shares from UK Treasury
Emphasising the degree to which the effects of the 2008 financial crisis are still with us , NatWest has bought back a percentage of the £ 15bn worth of shares owned by the UK Treasury . However , the buy-back to privatisation may come later rather than sooner .
Cross-border payments fintech Airwallex valued at $ 2.6bn
Continuing a period of “ hypergrowth ” that started in 2020 , Australian cross-border payments pioneer Airwallex has reached a value of US $ 2.6bn . It ’ s a significant achievement for the company – it reached unicorn status in 2019 and has managed to almost tripled its value in two years .
Islamic fintech market projected to reach US $ 128bn by 2025
The 2021 Global Islamic Fintech Report has concluded that the sector is on the rise globally , with Saudi Arabia taking a prominent position . The country ’ s sector is projected to be worth $ 47.5bn by 2025 , which , if correct , would represent a 167 % increase on today . fintechmagazine . com 15