Newcomer Anglo-Gulf Trade Bank to shake up trade finance market
“The world’s first digitally-enabled trade bank” will open for business in early 2019.
Asia
Akbank takes a snap to verify customers with Daon
With very high customer onboarding numbers!
IndusInd Bank combines credit and debit in one card
IndusInd Bank Duo Card is the first of its kind in India.
Haball, 1Link and Meezan Bank partner for B2B payments in Pakistan
Haball the aggregator, Meezan on settlements, and 1Link on processing.
Bank of Punjab live with new core banking system, Oracle Flexcube
Government-owned bank in Pakistan implements a new core banking system.
India’s largest crypto exchange Zebpay has its day
Stops trading due to regulatory pressures from RBI.
India’s fintech firms fight against Aadhaar restrictions
They want access to the biometric database to verify customers.
India’s central bank shortlists five vendors for data project
The Reserve Bank of India (RBI) keen to harness the power of big data.
Indian lending start-up Qbera gets $3m funding
Essel Group and its E-City Ventures are the backers.
RBI says no to Yes Bank CEO staying on
The forced exit is a result of lack of compliance.
Goldman Sachs leads $52m funding round for JUMO
Goldman Sachs, Proparco and Finnfund come on board as JUMO’s new investors.
Indian digital lender Kissht brings in $30m funding
The round was led by Vertex Ventures and Sistema Asia Fund.
India Post Payments Bank opts for FSS payment stack
Bank is targeting rural households and SMEs in the country.
Ebix acquires wealthtech Miles Software for $19m
Mumbai-based firm snapped up by e-commerce service provider.
Life’s Alight for Wipro with $1.5bn deal
Indian firm reveals record ten-year deal with Illinois-based Alight Solutions.
Warren Buffett’s Berkshire Hathaway invests $300m in Paytm
Berkshire joins Ant Financial, SoftBank and Alibaba as investors.
Case study: Afghanistan International Bank – the road to hope
Afghanistan International Bank faces challenges far more extreme than for most of its counterparts around the globe.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Google gangs up with Indian lenders to find new users
Working with Federal Bank, HDFC, ICICI and Kotak Mahindra.
ZestMoney goes zestier with $13.4m funding
Indian firm aiming to up its tech and product line.
Centrum says Encore Theme for supply chain finance
India-based financial services firm will use ThemeChain system.
Case study: Robocash – fintech crossing the borders
How to adapt a standard financial product to local specifics, by the examples of Kazakhstan and Spain.
Indian start-up PaySpoon dishes up mobile credit
Lendtech and paytech firm wants to be a quick fix.
Flipkart vies for voice-powered shopping with Liv.ai acquisition
Indian e-commerce firm thinks voice will become a preferred interface.
Paytm launches AI cloud for India
Designed for developers, start-ups and enterprises.
Get your patents IN: India – the next hotbed of fintech innovation
Indian fintech is a top five market globally by value of capital funding and investments.
India’s Cosmos Bank stars in $13.5m hacking drama
Malware attack on its Swift and debit card payment systems.
Paytm acquires savings start-up Balance Technology
Where will it find space for the six-member team?
JP Morgan sets up lab for financial inclusion in India
A $9.5m initiative for early-stage firms.
India Post Payments Bank to launch in August
“At least a branch in every district.”
Blockchain firm Swych goes cross-border gifting
US users can now send digital gift cards to friends and family in India in real time.
VTB Bank in Armenia updates mobile and online services
Only 7% of transactions were made online in the first six months.
India’s Zoomcar takes digital ID ride with Onfido
This marks Onfido’s sixth ridesharing partnership.
Bangladesh Bank heist probe report suffers mother of all delays
25 delays to be precise.
Alibaba’s Jack Ma teams with Ganesh Ventures for Indian start-up action
Ma’s new eWTP Ecosystem Fund brings a boost.
Versatile payments ring Xenxo passes $1m funding
India-based firm still looking for more money.
Macro analytics firm Quant Insight feeling bright with funding
It has also expanded further into the US and Asia.
Autosoft and Finja power Allied Bank’s branchless banking
Pakistan-based bank in digital drive.
India’s stock exchange teams with Nasdaq for tech boost
Aiming to increase efficiency and effectiveness of the market.
Georgia’s TBC Bank launches digital neobank Space
SaaS engine Mambu powers new autonomous business.
