Aditya Birla Group closes its banking business
The decision comes after only two years of its live operations.
Asia
RHB targets card fraud with automatically refreshed CVV codes
New codes are displayed on mini-screens on the back of the cards.
Floatbot creates chatbot for Andhra Bank
The start-up hopes to set an AI trend for Indian banks.
How banks can take a new look at SMEs
Brand new, designed from the ground up platforms will enable the creation of trust by unlocking the door to data.
RBI to build blockchain-based banking platform
The technology would be for banking officials’ use only.
ICICI and IndoStar partner to finance commercial vehicles
The arrangement will target underserved small and medium fleet owners.
AIFC and Fidor Solutions to boost fintechs in Kazakhstan
The MoU will also promote innovation in Central Asia.
Postman delivers $50m funding round
The funds will drive the API collaboration platform’s product development and customer support.
Bank of Mongolia picks Intellect’s Central Banking Solution
The central bank’s digital transformation is part of a national vision for the economy.
National Bank of Pakistan turns to Autosoft for Bahrain operation
Autobanker Premium, the latest version of the supplier’s core banking system, will be at the heart of the project.
PayU taps Turkey’s digital economy with Iyzico acquisition
The company also hopes to encourage cross-border trade with CEE countries and Africa.
New Indian challenger Payzello launches
The fintech doesn’t have a banking licence – yet.
Isbank partners Yandex.Checkout to support trade between Turkey and Russia
Turkish bank will reach more than 150 million extra clients.
Bank of Khyber picks Temenos for front-to-back office tech overhaul
National Data Consultants (NDC) was selected as the system integrator for the project.
Tokyo calls for foreign fintechs to enter accelerator programme
Start-ups will be mentored by leading Japanese financial organisations.
Amazon Pay launches Android P2P payments in India
Users can pay Amazon delivery associates from their bank accounts via UPI QR codes.
Kazakh Eurasian Bank upgrades cash tech with Fiserv
Access to cash is a key component in Kazakhstan.
Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
Tcell introduces mobile payments TezSum in Tajikistan
The telecom operator has partnered with Wallet Factory for the project.
Indian wealthtech Kuvera raises $4.5m
The firm was founded in 2016 as India’s first free-to-use web-based direct mutual fund investment platform.
Merchant platform Pine Labs acquires Qwikcilver for $100m
Actis is increasing its investment in Pine Labs as a result.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
PayU acquires Wibmo for Indian mobile payments fun
It also has other high growth markets in sight.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Three-way merger creates enlarged Bank of Baroda
The three banks are Bank of Baroda, Vijaya Bank, and Dena Bank.
Pakistan’s first microfinance bank moves over to Temenos T24
Originally selected in early 2017.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Incumbent financial institutions harness the power of the entrepreneurial mindset
Introducing Extrapreneurship, a new programme helping employees of large FIs to adopt the entrepreneurship mindset.
Indian lendtech Spoon readies for launch
Aiming to offer micro lending through a mobile app, in real time.
StanChart to set up digital SME platform in India
Will offers business loans, invoice/supply chain financing, and commercial insurance.
RCBC files defamation suit against Bank of Bangladesh over 2016 cyberattack
The aftermath of the $81 million cyberheist lingers on.
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
UK and Turkey push Islamic finance through fintech
TheCityUK and Borsa Istanbul set out their ambitions.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
Flexcube core banking system gains new takers in LatAm, Europe and Asia
Banco Votorantim in Brazil, Ghazanfar Bank in Afghanistan, Prince Bank in Cambodia, and FEDinvest in Albania.
Mobi Direct picks Worldline for Pakistani payments
The PSP/PSO aims to modernise paytech in the country.
State Bank of India and Hitachi launch JV for payments
They plan to “penetrate into hitherto untouched Indian towns and cities”.
DBS Bank steps up interest in India
Singapore entity launches wholly owned subsidiary DBS Bank India Limited.
