Citi today announced that it has reached an agreement with Axis Bank Limited (Axis) for the sale of Citi’s consumer businesses in India. Axis was selected by Citi following an extensive and competitive auction process.
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Citi Announces Agreement to Sell Its Consumer Businesses in India to Axis Bank Limited
Monday, April 4, 2022 - 13:33
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Financial IT
Budget Insight Raises $35 Million
Budget Insight raises $35 million in funding from PSG Equity to become one of Europe’s Open Finance leaders
- The management team and Crédit Mutuel Arkéa will remain shareholders alongside PSG Equity.
- A clear ambition: to emerge as Europe’s leader in Open Finance, a sector currently consolidating around a handful of big players.
Monday, April 4, 2022 - 12:46
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Financial IT
TransFICC Secures New Investment of $17 million Led by AlbionVC
TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed a Series A extension for $17 million. Led by AlbionVC, all existing institutional shareholders took part in this investment round, which follows the original Series A for $7.8 million, announced in April 2020.
TransFICC’s investors are AlbionVC, Citi, HSBC, Illuminate Financial, ING Ventures, and Main Incubator (the Early Stage CVC unit of Commerzbank Group).
Monday, April 4, 2022 - 12:43
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Financial IT
Qred Launches New B2B Payments Platform Allowing Businesses to Pay Any Invoice With Their Qred Visa
The new, free service is available to all Qred VISA holders and will allow businesses to swiftly pay any invoice directly from the Qred app and benefit from up to 45 days interest free liquidity.
Qred is pleased to announce a brand new payments platform specifically designed to help small businesses free up short-term capital and save them time when paying bills.
Monday, April 4, 2022 - 12:04
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Financial IT
Payment Fraud: Steps to Take if Your Business Gets Scammed
Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending on the severity of the crime and the losses incurred, the very survival of the business may be at stake.
Monday, April 4, 2022 - 11:45
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Financial IT
tru.ID Adds Sorenson Ventures to $9m Seed Round to Scale the Mobile Cybersecurity Platform
Digital identity and possession factor APIs provide powerful new authentication tools to help companies fight the growing threat of cybercrime
Monday, April 4, 2022 - 11:14
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Financial IT
SAP Fioneer Acquires Majority Stake in Okadis Consulting
- Acquisition built on a successful existing partnership
- Demonstrates SAP Fioneer’s commitment to innovation in financial services
- okadis brings expertise in financial accounting, regulatory reporting and analytical banking within the German financial services industry
SAP Fioneer, the leading global provider of financial services software solutions and platforms, has acquired a majority stake in okadis Consulting GmbH, the consulting company and SAP software house based near Frankfurt, Germany.
Monday, April 4, 2022 - 11:01
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Financial IT
Al Rajhi Bank Jordan Opts for ICS BANKS Business Suite from ICS Financial Systems
Amman, Jordan:
Monday, April 4, 2022 - 11:00
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Financial IT
TrustQuay Launches the First Complete Cloud-native Software-as-a-Service (SaaS) Platform for the Corporate Services and Trust Administration Market
TrustQuay has today announced the launch of TrustQuay Online, the first complete end to end cloud-native SaaS platform for corporate services and trust administration providers. TrustQuay Online is a fully digital entity management, client accounting, general ledger and practice management SaaS platform, enabling providers to meet their corporate and private wealth clients’ regulatory requirements as well as manage their own business in a simple to use, highly automated way at a significantly reduced total cost of ownership.
Monday, April 4, 2022 - 10:58
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Financial IT
Zopa Bank Has Hit Profitability, Just 21 Months After Acquiring Its Banking Licence
This is the first time Zopa bank turns a profit, making it one of the fastest digital banks to achieve profitability ever.
We expect to remain profitable from this point onwards, continuing our accelerated growth.
The news will be announced later today from the Innovate Finance Global Summit by Zopa’s CEO Jaidev Janardana.
More context and some figures:
Monday, April 4, 2022 - 10:53
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Financial IT
