- Revolut strengthens its commitment to the region with the appointment of Charles Debonneuil to APAC General Manager.
- Charles will focus on building customer numbers in the region as Revolut further expands its operations in the region including across India and New Zealand. Currently, Revolut is present in Singapore, Australia and Japan.
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With new investors including Sofina Group, total investment hits $147 million
Citi today announced that it has reached an agreement with Axis Bank Limited (Axis) for the sale of Citi’s consumer businesses in India. Axis was selected by Citi following an extensive and competitive auction process.
Budget Insight raises $35 million in funding from PSG Equity to become one of Europe’s Open Finance leaders
- The management team and Crédit Mutuel Arkéa will remain shareholders alongside PSG Equity.
- A clear ambition: to emerge as Europe’s leader in Open Finance, a sector currently consolidating around a handful of big players.
TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed a Series A extension for $17 million. Led by AlbionVC, all existing institutional shareholders took part in this investment round, which follows the original Series A for $7.8 million, announced in April 2020.
TransFICC’s investors are AlbionVC, Citi, HSBC, Illuminate Financial, ING Ventures, and Main Incubator (the Early Stage CVC unit of Commerzbank Group).
The new, free service is available to all Qred VISA holders and will allow businesses to swiftly pay any invoice directly from the Qred app and benefit from up to 45 days interest free liquidity.
Qred is pleased to announce a brand new payments platform specifically designed to help small businesses free up short-term capital and save them time when paying bills.
Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending on the severity of the crime and the losses incurred, the very survival of the business may be at stake.
Digital identity and possession factor APIs provide powerful new authentication tools to help companies fight the growing threat of cybercrime
- Acquisition built on a successful existing partnership
- Demonstrates SAP Fioneer’s commitment to innovation in financial services
- okadis brings expertise in financial accounting, regulatory reporting and analytical banking within the German financial services industry
SAP Fioneer, the leading global provider of financial services software solutions and platforms, has acquired a majority stake in okadis Consulting GmbH, the consulting company and SAP software house based near Frankfurt, Germany.
Amman, Jordan: