TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs.

Machine learning (ML)  has become increasingly important in the world of quantitative finance, as financial market players seek to leverage the latest technology to gain a competitive edge. By using advanced algorithms and models to analyze vast amounts of data, market players can identify patterns and correlations that may not be immediately apparent to the human eye.

Smart Money People revealed the winners of the British Bank Awards 2023, at its annual awards ceremony in London, hosted this year by comedian Dominic Holland. In its first year of entering the awards, Chase won not only ‘Best British bank’, but also the coveted ‘Best savings provider’ and ‘Best current account provider’ categories. 

Over half of UK citizens struggle to stay on top of life admin, according to new research from Lyfeguard, a leading life management and FinTech platform.

The findings come following a survey of 2,000 Brits, polled via independent polling agency Censuswide in April 2023, to discover key pinpoints that consumers are facing with managing their crucial life documents.

PayNearby, India’s leading branchless banking and digital network, today launched PayNearby Mall—a meta-commerce platform to enable easy availability of good and services, in an assisted mode at the last mile. This will soon be integrated with the Open Network for Digital Commerce (ONDC) platform. With this initiative, PayNearby aims to upgrade every retailer, in its million+ active network, to benefit from the ongoing e-commerce revolution, including the ONDC platform.

Fintech Fringe, an official London Tech Week Fringe Event, today launches its inaugural programme that aims to accelerate the growth of homegrown and overseas fintech scaleups in the UK.

USDToch provides a lending solution for DeFi 2.0. Building on the existing enhanced capital utilization enabled by over-collateralized lending, it further enhances the investment returns on the staking side. It also plans to introduce traditional assets into the DeFi lending system in the form of RWA soon.

ABHI, a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). 

The bond issue is a significant milestone for both ABHI, and the region, as no other Fintech in the region has successfully achieved this before. 

Temenos today announced its 2023 Customer Awards winners at the Temenos Community Forum (TCF) in Vienna, celebrating the global pioneers, innovators and visionaries in banking.