IOV Labs has published a new report entitled “Taming Inflation: How DeFi is Reshaping Finance in Hyperinflationary Countries”, which examines the power of DeFi solutions to relieve inflationary pressures felt by individuals and businesses within regions of the world experiencing hyperinflation. 

Key findings from the report include:

Escrowpay, a leading innovator in the Escrow Banking – Fintech industry, is delighted to announce a significant achievement in its pursuit for excellence. The company has been granted the first digital escrow regulatory fintech authorization from IFSCA, Gift City, marking a major milestone in its commitment to compliance and innovation in digital payments. 

By joining the Spanish Association of FinTechs & InsurTechs (AEFI), Skaleet aims to enhance the Spanish fintech ecosystem with its innovative Core Banking System solution.  

Temenos today announced that Africa and Gulf Bank (AGB), one of the progressive banks in Sudan, has selected Temenos to modernize its digital and core banking capabilities. The Temenos solution, hosted on the cloud, will enable AGB to provide innovative products faster to retail and corporate customers in Sudan and around the world.

Australia’s fastest growing money app Nine25 has partnered with savings app Blossom to announce the launch of Nine25 Earn, a market leading savings product.

IndusInd Bank today announced a strategic collaboration with Viamericas Corporation to offer digital inward remittance services to Non Resident Indians (NRIs) in the USA through IndusInd Bank ‘Indus Fast Remit’, a remittance service platform. This collaboration enables NRIs to benefit from highly competitive exchange rates for digital inward remittances to India.

Velmie, a digital banking software platform, is thrilled to announce the highly anticipated launch of the 8ghtX App, a revolutionary banking platform and investment syndication hub. The app is now available for download on Google Play and the App Store, marking a significant milestone for Velmie and its esteemed partner, ResClub, an investment company based in Florida (USA).

Allied Payment Network, Inc. (Allied), the industry leader in real-time, open-network payments solutions to banks and credit unions, announced today its partnership with Murphy & Company, a fintech-focused marketing firm dedicated to helping financial institutions increase digital engagement through education and custom content.

Aleph, the source of truth for finance teams, emerged from stealth with $16.7 million in financing. The funding round was led by Bain Capital Ventures (BCV) with participation from existing investors Khosla Ventures, Picus Capital and Y Combinator, and including angel investors and current customers. Aleph serves as the one repository for all financial data, helping teams make better decisions, faster.