Al Ansari Exchange chooses Pelican’s AI-based AML solution
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
The collapse of Yes Bank is causing ripple effects for UPI partners.
The founder previously built French digital bank Fortuneo.
FinTech Futures’ weekly news round-up.
Santander hopes the deal will enhance its global trade platform operations.
As of February 2020, year-over-year deal counts were down by 22%.
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
PeP moves to Nets with expected net revenues of roughly $62 milllion for 2020.
The sale is “understood to have seen Neyber’s assets sold for a meagre sum”.
New York-based challenger plans to splash the cash on customer acquisition.
The white-label service was incubated at SC Ventures.
“If our systems fail, a big part of the economy would fail,” says exec.
The partnership will begin in Malaysia, the Philippines and Singapore.
A further five-year delay is put down to “turbulent stock markets”.
The banks are also deferring customers’ payments on loans and mortgages for up to three months.
The move marks a shift in the business from financial to digital services.
Lagos-based Paga holds more than 14 million customers across Nigeria.
The acquisition marks Greensill’s move into payday finance.
The SoftBank-backed lender did see a slow down in its total loan facilities.
The digitisation of payments has been “a challenging project” for the island.
Marshal has a 85% market share across the United Arab Emirates (UAE).
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“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
“Fintechs like TerraPay play a vital role in increasing financial inclusion in emerging markets.”
The Michigan-based firm serves 35 million end users.
Technology and operations teams will be hit hardest.
Klarna is already embedded into Alibaba’s AliExpress.
The round was led by a $10.5 million investment from Germany’s Paragon Partners.
The companies say the decision to team up was driven by open banking.
The deal amount is yet to be disclosed.
The venture now has a 50-person London-based team.
An agreement had yet to be finalised but a transaction could be struck in the coming weeks.
Google Cloud now has 22 data centers across the globe.
The Chinese ecommerce market is currently valued at more than $1 trillion.
“Banks don’t want to invest in infrastructure when they don’t need it,” says CTO.
“The extent of change is significant,” says RBNZ, which is deploying to 57 banks.
The bank is paying back £50m of its fund from BCR.
Banking Circle’s operation centers in the UK, Germany and Denmark will turn into bank branches.