Clearwater Analytics, announced that it has entered into a definitive agreement to be acquired in a transaction valued at approximately $8.4 billion by a Permira and Warburg Pincus-led Investor Group (the “Investor Group”), with participation from Temasek. The Investor Group has key support from Francisco Partners.

Finastra, a global leader in financial services software, today announced the opening of two new offices as part of its continued global growth and modernization strategy: a new U.S. office in the iconic King building at Perimeter in Atlanta, Georgia, and a new innovation center located in Technopark, the premier technology park in Trivandrum, Kerala. The company also confirmed plans to expand its existing office space in Pune, one of its largest global engineering hubs. 

In a first for the EEMEA region, First Abu Dhabi Bank (FAB) and Mastercard have officially launched Mastercard’s proprietary mobile-first virtual card number (VCN) solution for businesses. This innovative solution enables enterprises and government entities to issue and manage virtual corporate cards while integrating them into mobile wallets - for flexible, efficient and secure payments.

The Payment Systems Regulator (PSR) has set out changes that will give businesses more information on the card payment fees they pay. This follows its market review which found Mastercard and Visa don’t face competition with fees rising and a lack of clarity on how much businesses will have to pay to accept card payments.

Banks and payment providers with strong fraud controls will be able to set their own limit for contactless payments, allowing them to better respond to changing consumer demands, inflation and new technology. They are also being encouraged to let customers set their own limit, or turn contactless off altogether, as many high street banks already do.  

Globant, a digitally native company that helps organizations thrive in a digital and AI-powered future, has achieved the Amazon Web Services (AWS) Financial Services Competency. As an AWS Premier Tier Services Partner, Globant is among an elite global network of partners validated by AWS Solution Architects for their proven impact, technical excellence, and customer success in highly regulated financial services environments.

Bitget and UNICEF have joined forces to empower young girls in Cambodia prepare to thrive in a digital economy through an unexpected entry point: video game development.

Post Office has signed a new five-year agreement with Cash Access UK to continue operating Banking Hubs across the UK. Post Office already operates 200 Banking Hubs and will play a central role in delivering on the Government’s ambition to have 350 Banking Hubs operating by the end of this Parliament.

Moneyhash is collaborating with Mastercard to expand merchant access to its Merchant Cloud platform across the Middle East and Africa. By connecting to Mastercard’s Gateway through a single unified API, merchants can simplify integration, streamline operations and enhance payment performance across markets.