TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank and part of TBC Group Uzbekistan, Central Asia’s leading digital banking ecosystem, announces a record US$ 38.2 million equity investment from its shareholders to leverage its rapid and profitable growth.

London-listed TBC Bank Group PLC, the parent company of TBC Bank Uzbekistan, is investing US$ 23 million, while the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), part of the World Bank, are investing US$ 7.6 million each.

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, announced today that it has won two Waters Rankings 2024 awards including Best Execution Management System (EMS) Provider and a second annual win as Best Algorithmic Trading Provider. Voted on by thousands of end users across the buy side and sell side, the Waters Rankings reflect “best-in-class” service providers across 35 categories, recognizing initiatives, innovation and achievements of the industry’s technology and data providers.

GoCardless, the bank payment company, has announced a strategic partnership with award-winning insurance software platform ICE InsureTech, to deliver faster and seamless automated payment collection for insurance companies in Australia and New Zealand.

iFX EXPO Asia 2024 is heading back to Thailand for 2+ days of B2B networking at the world’s leading online trading event.

Excitement is building for this year’s iFX EXPO Asia 2024 as the leading online trading expo returns to the bustling city of Bangkok for the third time.

The exchange experienced a surge in user funds, with Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) holdings increasing by 73%, 80%, and 153%, respectively, over the first six months of the year. This growth coincided with the addition of 2.9 million new users to the platform.

This placed Bitget among the top exchanges with the highest net positive inflows in the past quarter. Only Binance, which remains the market leader, and Bitfinex achieved better results in this category.

The International Center for Strategic Alliances proudly  presents the 15th Edition Connected Banking Summit – Innovation and Excellence Awards  2024; Ethiopia in Addis Ababa, scheduled for August 14th, 2024. Esteemed global executives,  experts, and leaders will convene to drive the banking industry forward into a new era of  innovation and excellence. 

Open Banking payments transaction values are expected to exceed $330 billion worldwide by 2027, up from $57 billion in 2023. But the fact is that the vast majority of Open Banking transactions are confined within national borders. To make global Open Banking, global interoperability must become a reality.

It’s no secret that the financial services industry is a high-value target for hackers. While the exact motives for attacks differ, there is the opportunity for financial gain through extortion, operational disruption, market manipulation and the theft of customer data. Similarly, some may be driven by the chaos that ensues when people are unable to access their personal finances.

Trustap, the secure payment gateway for marketplace transactions, has successfully secured $5.5 million in Series A funding, bringing its total capital raised to over $9 million. This investment round was led by TX Ventures, with participation from SeedX, Partners Resolute, Aperture, and existing shareholders MiddleGame Ventures, ACT VC, Atlantic Bridge, and FurthrVC, as reported by Tech.eu.

ixigo, India's leading OTA for the next billion users, and AU Small Finance Bank, the largest Small Finance Bank of India, announced the launch of the RuPay variant for its premium co-branded ixigo-AU Small Finance Bank travel credit card, enabling UPI-based payments and rewards. This new offering is designed to bring enhanced benefits like greater convenience, wider reach, security and accessibility to modern travelers.