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M2P Fintech Raises Rs. 850 Crores in Series D Financing Led by Helios Investment Partners, Valuation Surpasses Rs. 6,550 Crores

M2P Fintech, Asia's largest Banking infrastructure company, announced today the first close of its Series D financing, raising Rs. 850 crores through a mix of primary and secondary share capital. The financing was led by Helios Investment Partners and places the company's valuation at over Rs. 6,550 crores. The funds will be utilized to cement M2P's market leadership in India, besides helping grow its international franchise, particularly in Africa.=

Tuesday, September 24, 2024 - 09:33
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/news/fundraising-news/m2p-fintech-raises-rs-850-crores-series-d-financing-led-helios-investment
Financial IT
Youverse Achieves 0% False Acceptance Rate in iBeta Liveness Detection Tests

Youverse, a leading provider in privacy-preserving biometric solutions, has strengthened its leadership in liveness detection by achieving updated compliance  Level 1 and Level 2 from iBeta Quality Assurance for presentation attack detection  (ISO 30107) with a 0% False Acceptance Rate (FAR) under more than thousands challenging spoofing attempts. This accomplishment reinforces Youverse's commitment to providing secure and reliable identity verification solutions. 

Tuesday, September 24, 2024 - 09:23
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/news/digital-identity/youverse-achieves-0-false-acceptance-rate-ibeta-liveness-detection-tests
Financial IT
Firstsource Acquires Ascensos

Firstsource Solutions Limited, a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, has acquired Ascensos, a leading UK-headquartered customer experience outsourcing partner for retail and eCommerce businesses.

Monday, September 23, 2024 - 13:51
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/news/infrastructure/firstsource-acquires-ascensos
Financial IT
Backbase Announces Strategic Partnership with OneAZ Credit Union

Backbase, the creator of the Engagement Banking Platform, announced today a strategic partnership with OneAZ Credit Union to modernize the credit union’s technology architecture. Through Backbase’s platform, OneAZ will deliver a simplified and streamlined banking experience, expanding beyond financial service offerings to include insurance, real estate and other lifestyle-related offerings – creating a one-stop-shop for its members.

Monday, September 23, 2024 - 12:42
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/news/financial/backbase-announces-strategic-partnership-oneaz-credit-union
Financial IT
BNY Releases The Voice of Community Banks Survey

The Bank of New York Mellon Corporation, a global financial services company, released today the results of a 2024 survey of community banks that it conducted with the Harris Poll, a global market research firm.

Monday, September 23, 2024 - 12:37
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/news/banking/bny-releases-voice-community-banks-survey
Financial IT
Mastercard Collaborated with Entreprenelle to Empower Female Entrepreneurs in Egypt Through Upskilling Workshops

Mastercard, a global leader in payments technology, has collaborated with Entreprenelle, a social and business development organization that supports, connects and trains women entrepreneurs. As part of this collaboration, Mastercard and Entreprenelle jointly organized a series of upskilling workshops aimed at equipping female entrepreneurs with the essential tools and knowledge needed to successfully scale and grow their businesses.

Monday, September 23, 2024 - 12:33
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/news/infrastructure/mastercard-collaborated-entreprenelle-empower-female-entrepreneurs-egypt-through
Financial IT
BNP Paribas Signs an Agreement with HSBC for the Acquisition of Their Private Banking Activities in Germany

BNP Paribas announces today that it has signed an agreement with HSBC for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1 to more than €40bn.

Monday, September 23, 2024 - 11:50
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/news/banking/bnp-paribas-signs-agreement-hsbc-acquisition-their-private-banking-activities-germany
Financial IT
Nick Greenland Joins Axyon AI as SVP Business Development

 Axyon AI, which improves asset manager performance by delivering alpha opportunities via AI-powered asset rankings and AI strategies, has appointed Nicholas “Nick” Greenland as  Senior Vice President, Business Development.

Monday, September 23, 2024 - 11:45
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/news/people-moves/nick-greenland-joins-axyon-ai-svp-business-development
Financial IT
BKN301 Group and Damen Launch New NFC Payment Feature for ‘Damen Cash’ App, Elevating MENA’s Financial Ecosystem

Damen, a leading electronic payment company and innovator in the field of digital transactions, and BKN301 Group, a London-based leading digital payments and Banking-as-a-Service provider in the MENA region, announced the update their ‘Damen Cash’ app by introducing a new feature for paying gas bills using NFC technology.

Monday, September 23, 2024 - 11:43
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/news/payments/bkn301-group-and-damen-launch-new-nfc-payment-feature-damen-cash-app-elevating-menas
Financial IT
KOHO and Propel Announce Exclusive Partnership to Expand Lending Access in Canada

KOHO announces today their new partnership with Propel Holdings Inc. (“Propel”) (TSX: PRL). Through its Canadian brand Fora Credit, Propel will act as KOHO’s exclusive embedded lending partner. The partnership will allow qualified KOHO users to access a line of credit through Propel’s AI-powered lending platform within the KOHO app.

Monday, September 23, 2024 - 10:58
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/news/lending/koho-and-propel-announce-exclusive-partnership-expand-lending-access-canada
Financial IT

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