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TBC Bank Uzbekistan Secures Record US$ 38.2 Million Equity Investment from Shareholders to Leverage Growth Momentum

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.

Friday, July 12, 2024 - 15:40
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/news/fundraising-news/tbc-bank-uzbekistan-secures-record-us-382-million-equity-investment
Financial IT
Trading Technologies Named Best Execution Management System Provider and Best Algorithmic Trading Provider in 2024 Waters Rankings

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.

Friday, July 12, 2024 - 15:07
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/news/trading-systems/trading-technologies-named-best-execution-management-system-provider-and-best
Financial IT
GoCardless Partners with ICE InsureTech to Provide Faster Payments for Insurance Companies

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.

Friday, July 12, 2024 - 13:34
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/news/payments/gocardless-partners-ice-insuretech-provide-faster-payments-insurance-companies
Financial IT
iFX EXPO Asia 2024: The Ultimate Online Trading Event in Bangkok

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.

Friday, July 12, 2024 - 13:27
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/news/fintech-startups/ifx-expo-asia-2024-ultimate-online-trading-event-bangkok
Financial IT
Bitget Added 2.9 Million New Users With $700M Capital Inflow in Q2

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.

Friday, July 12, 2024 - 13:27
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/news/cryptocurrencies/bitget-added-29-million-new-users-700m-capital-inflow-q2
Financial IT
15th Edition Connected Banking Summit – Innovation and Excellence Awards 2024; Ethiopia

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. 

Friday, July 12, 2024 - 13:10
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/news/fintech-startups/15th-edition-connected-banking-summit-innovation-and-excellence-awards-2024
Financial IT
Open Banking Needs Interoperability to Fulfil Its True Potential

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.

Friday, July 12, 2024 - 13:05
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/blog/banking-openbanking-transactions/open-banking-needs-interoperability-fulfil-its-true-potential
Financial IT
Exploring DORA: Making Digital Resilience a Legal Requirement

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.

Friday, July 12, 2024 - 13:00
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/blog/dora-security-finserv/exploring-dora-making-digital-resilience-legal-requirement
Financial IT
Trustap Secures $5.5M in Series A Funding to Revolutionize Marketplace Transactions

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.

Friday, July 12, 2024 - 11:39
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/news/fundraising-news/trustap-secures-55m-series-funding-revolutionize-marketplace-transactions
Financial IT
ixigo and AU Small Finance Bank Launch RuPay Variant of Their Co-Branded Travel Credit Card

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.

Friday, July 12, 2024 - 11:18
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/news/credit-cards/ixigo-and-au-small-finance-bank-launch-rupay-variant-their-co-branded-travel
Financial IT

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