Thailand’s SCB taps Sunline for core banking upgrade
SCB says the partnership will enhance its financial transaction processing performance for deposits and loans.
Asia
BIS readies for live implementation of Project Nexus in Asia
Institutions from India, Malaysia, the Philippines, Singapore, and Thailand will implement the project.
Canada’s Vancity taps Intellect Design Arena for digital engagement upgrade
Vancity has selected the vendor’s DEP and CBX solutions to digitise member engagement.
Binance to pay $2.25m fine to India’s FIU over AML deficiencies
The exchange allegedly violated the country’s Prevention of Money Laundering Act (PMLA).
South Africa’s TymeBank plots $150m Series D round ahead of 2028 IPO
TymeBank expects to complete the round in Q4, with hopes of achieving unicorn status.
ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
E-wallet provider Sticpay bolsters money transfer capabilities with UPI integration in India
Enabling UPI users in India to make domestic and international money transfers through Sticpay’s platform.
Peru becomes first South American country to adopt NPCI’s UPI tech
The move seeks to offer “new and accessible payment services to everyone, especially the unbanked population in Peru”.
Indian fintech Fibe bags $90m in Series E funding round
The investment follows the $110 million raised by the Pune-based firm in its Series D round in 2022.
Turkey’s Papara taps DriveWealth for fractional investing solution
Papara will leverage DriveWealth’s Brokerage-as-a-Service tech to launch a new US stock investment product.
Asia’s first full reserve digital bank, ORO Bank, launches in Bhutan powered by Finastra
The bank has partnered with Finastra to leverage its Essence solution in the cloud.
India’s Reliance Group launches financial services super-app JioFinance
The app has been launched in beta and is currently inviting “user input for refinement”.
Turkey’s Colendi reportedly raises $65m Series B funding led by Citi
According to Bloomberg, the round takes the fintech’s valuation to around $700 million.
First Abu Dhabi Bank reportedly in discussions to acquire Yapi Kredi from Turkey’s Koc Group
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
Emirates NBD taps Pine Labs to enhance merchant acquiring services
Emirates NBD will implement Pine Labs’ Credit+ solution.
Turkish fintech Iyzico acquires Paynet in $87m deal
Iyzico plans to integrate Paynet’s B2B payments and collections solutions.
ICYMI fintech funding round-up: Backflip, Ansa, Salmon, Firenze and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
State Bank of India deploys HCLSoftware tech to digitise customer communication
SBI – the largest bank in India – is to utilise the HCLTech subsidiary’s HCL Unica platform.
India’s RBI orders Kotak Mahindra Bank to cease onboarding new customers digitally
The bank will continue to provide services to its existing customers.
Indian fintech Aurionpro bolsters AI portfolio with $16.5m takeover of Arya.ai
Arya.ai offers a cloud-based PaaS that enables enterprises to develop their own AI solutions.
Wealthtech Midas raises $45m Series A to launch new products
The funds will enable Midas to introduce mutual funds, savings accounts and crypto trading.
Axis Bank taps Moneythor for digital engagement solution
The collaboration with Axis Bank represents Moneythor’s first large-scale deployment in India.
Jordan Kuwait Bank digitises transaction banking functions with iGTB platform
The bank’s new digital capabilities are being powered by the open finance platform eMACH.ai.
Ready to bloom: the rise of CBDCs in Asia
We delve into how and why Asia has surged ahead in the global race for CBDC development.
BlackRock and Jio Financial Services to launch wealth management and brokerage services in India
The agreement was filed with the National Stock Exchange of India this week.
BharatPe names Nalin Negi as permanent CEO
Negi has acted as BharatPe’s interim CEO since Suhail Sameer’s departure last year.
Money20/20 Asia unveils powerhouse line-up of Asia regulators
Money20/20 Asia takes place between 23-25 April at QSNCC in Bangkok, Thailand.
ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
India’s Electronica Finance Limited lands $48m in Series B round
The round was led by UK-based LeapFrog Investments and supported by Aavishkaar Capital.
UAE’s Zand Bank taps Infosys Finacle to bolster its corporate banking capabilities
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
Mutual Trust Bank in Bangladesh partners IDEX Biometrics for new payment card security feature
The bank has tapped its partner’s IDEX Pay solution to install fingerprint sensors into its physical card offering.
Uzum lands $114m in mix of equity and debt financing, becomes Uzbekistan’s first tech unicorn
Uzum says it will look to raise an additional $200 million in a Series B funding round later this year.
ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
IndusInd Bank partners Tappy Technologies and Thales to launch tokenisation solution for wearable payments
The Indus PayWear app will enable the bank’s customers to tokenise their cards for use with wearables.
Country Builders Bank in the Philippines selects Kiya.ai for banking tech upgrade
CBB hopes the partnership will help boost its operational efficiency and growth.
State Bank of India taps Aurionpro for iCashpro+ solution
The solution will replace SBI’s current CMP platform and will be implemented over the next 12 months.
Indian fintech Perfios lands $80m investment from TVG
The investment builds on Perfios’ $229 million Series D and reportedly now values the firm at over $1 billion.
Société Générale deploys iGTB’s Corporate Treasury eXchange solution
The French bank plans to leverage CTX’s real-time liquidity management capabilities.
Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
