PayU and Kreditech muscle into India’s lending market
Providing cardless equated monthly instalments (EMIs) to finance the online purchases of consumers in India.
Asia
Ant Financial invests $184.5m in Telenor Microfinance Bank
Ant Financial now owns a 45% stake in Pakistan’s Telenor Microfinance Bank (TNB).
Retail payments platform Pine Labs raises $82m
India’s largest digital retail payments platform Pine Labs raises $82 million in a funding round led by Actis.
RBL Bank in lendtech project with CreditVidya
India-based RBL Bank has teamed with provider of credit underwriting solutions CreditVidya.
Ziraat Bank launches proprietary mobile wallet
Bankkart Mobil was built by Ziraat Teknoloji, VeriPark and MagiClick Digital.
India’s government looks for flexible fintech
Nation seeks to promote financial inclusion and make regulations more flexible.
Silkbank completes core banking tech upgrade
Silkbank in Pakistan now on the R16 version Temenos’ T24 core banking system.
Facebook Messenger fuels Mastercard’s payments pursuit in Africa and Asia
Pilot in Nigeria is start of larger plan to get more businesses into their version of digital economy.
India’s central bank issues Swift ultimatum for core banking
With a deadline of 30 April 2018.
Hackers swipe $2m from India’s City Union Bank via Swift
Three “fraudulent remittances” – sent via correspondent banks to accounts in Dubai, Turkey and China.
Fintech funding round-up: 19 February 2018
Features Lydia, Qara and Aye Finance.
Fintech funding round-up: 13 February 2018
From India via Israel to Finland – starring MoneyOnMobile, Tipalti and Zervant.
Infographic: who is ready for Open Banking in Asia?
IDC Financial Insights maps the readiness for Open Banking among Asia, Asia Pacific and Australasia markets in 2018.
Fintech funding round-up: 12 February 2018
Featuring YapStone, Stash, Moneyfellows and Lendingkart.
India Post Payments Bank ready for nationwide roll-out
IPPB will operate via the India Post network of 155,000 branches and have 650 offices for back-end support.
NCR overhauls ATM network at BankDhofar, expands ATM access in India
The breadth of NCR’s work with financial institutions and underbanked populations around the world.
India’s RBL Bank calls for fintech start-ups
Funding and mentorship on offer for 20 firms.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
Huddlestock and Acuity bring mobile trading to Sri Lanka
Offering the ability to “crowd-trade and access investment ideas”.
Western Union unveils fintech centre in India
New 125,000 square feet facility in Pune will employ more than 1,000 individuals.
IBM and Cargills Bank bring cognitive security thrills to Sri Lanka
Using IBM QRadar, a security intelligence platform, along with QRadar Advisor with Watson.
Interview: Sidd Gandhi, KyePot – dreams and savings schemes
Co-founder and CEO shares his plans for India’s chit fund (savings scheme) industry.
Turkey: the next cashless society
Turkey is perfectly placed to become the world’s next cashless society – a true digital payment powerhouse.
Blockchain and Bitcoin round-up: 12 January 2018
All about Asia this time. Featuring Cobinhood, JCB, Currency Port and Republic Protocol
Janata Bank moves merged and acquired banks to Oracle FFS Flexcube
Data migration project in Nepal completed with the help of JMR Infotech.
Mambu banking engine powers Kreditech’s lending leap to India
Will expand into the sub-continent in early 2018, together with its partner PayU.
Yes Bank and Nearby Tech bring cardless ATM services to India
With the aim to become the payments enabler for India.
Interview: Pranshu Maheshwari, SimpleMoney – on track for investment tracking
SimpleMoney’s co-founder explains the problem he’s out to solve and why he isn’t in the robo-advisory game.
State Bank of Pakistan completes major core banking tech upgrade
Moving from Temenos’ Globus G11 to T24 R15.
EBL launches Bangladesh’s first AI-based banking chatbot
EBL Digital Interactive Agent will communicate with customers via Facebook Messenger.
TransferTo adds digital wallet to payments network via Cellum partnership
Cellum will offer money transfers via TransferTo’s cross-border mobile payments network.
Standard Chartered and Ant Financial buckle up for Belt and Road drive
They target expanding their fintech clout along the “Belt and Road Initiative” route.
NICE teams with Brightstar India
To support the launch of NICE Uptivity, a workforce optimisation solution for SMBs.
LienVietPostBank goes live on SmartVista paytech platform
Replacing its legacy Electra System with BPC Banking Technologies’ SmartVista platform.
Path Solutions beats ICS Financial Systems to core banking system deal in Iraq
Al-Rajih Islamic Bank, a greenfield bank in Iraq, has signed for the iMAL core banking system from Path Solutions.
Cisco buys cloud optimisation firm Cmpute.io
Looking to take some of the pain out of managing multicloud environments.
Standard Chartered and Axis Bank launch cross-border payments via Ripple
Standard Chartered and Axis Bank have unveiled a real-time cross-border payment service for corporates using Ripple’s distributed ledger technology (DLT) solution. This offering is now commercially available between Standard Chartered (Singapore) and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank. Himadri Chatterjee, president, transaction banking, Axis Bank, says by using […]
Commercial Bank of Ceylon in digital banking tech revamp with Fiserv
Commercial Bank of Ceylon (Combank), a long-standing user of Fiserv’s Signature core banking system, is now extending the vendor’s tech to the front office.
Three crucial questions for insurance’s digital future
Insurance is an industry at a turning point. Few could have predicted that “innovation” would become one of its watchwords, but as the digital revolution spurred on by insurtech gathers pace fundamental changes are beginning to take hold.
