SBI Card Pay, a payment feature based on Host Card Emulation (HCE) technology, which allows customers to create virtual version of their physical SBI Credit Card on their mobile phones and then tap their phone at Near-Field-Communication (NFC) enabled Point of Sale terminals (POS) to make payments at merchants, is now available on Mastercard platform.

GreenBond Meter, an eco-friendly initiative that allows people to save native forests with the purchase of cryptocurrency, is partnering with Sumsub for KYC, KYB, crypto monitoring, and video verification. The companies are combining efforts to deliver easy, people-friendly, and safe customer verification for those who value environmental protection and lowering their carbon footprint.

Commerzbank is making good progress on its roadmap towards the cost reductions targeted in its strategy 2024. The Bank has reached an agreement with the Central Works Council on a voluntary programme for the necessary headcount reduction. A reduction in Germany totalling around 1,700 full-time equivalents is to be achieved through the programme by the end of 2021.
 

illimity SGR, the illimity Group’s asset management company created to set up and manage alternative investment funds, has completed the first closing of “illimity Credit & Corporate Turnaround” (the “Fund” or “iCCT”)—a contribution fund dedicated to investments in unlikely to pay (“UTP”) loans to SMEs with revival and relaunch prospects.

UK technology scale-up experts Tech Nation has selected Featurespace™, the leading provider of Enterprise Financial Crime prevention software, for its inaugural Tech Nation International Growth Programme,  which is part of the Digital Trade Network

Enno Weitzel, Surecomp’s SVP of Strategy, Digitization and Business Development highlights the biggest  IT challenges in trade finance and how TFaas can help to overcome them.

Yandex.Lavka, the on-demand e-grocery delivery service launched by Russia’s NASDAQ-listed tech giant Yandex, announces its expansion.

The service, which delivers approximately 2,500 types of essential and non-essential goods in a variety of categories, such as groceries, ready meals, hot drinks and smart Yandex devices within 10-15 minutes of receiving the order, is now available in Kazan, a city of 1.3 million in Russia’s Republic of Tatarstan.

In its bid to democratise commercial real estate, Strata has raised approximately Rs. 81 crore for premium commercial assets across Mumbai and Hyderabad in the last one month alone. Both assets received 100% funding within just 2-5 days of its listing. Strata today announced that it aims to raise assets worth Rs. 600 crore by the upcoming quarter – June 2021. The company thereby aims to expand its footprint across the key metro markets of Mumbai, besides foraying into Delhi and Pune.

Andrew Brinded, Vice President and General Manager EMEA Sales, Nutanix

Speaking at the recent Nutanix Economic Advantage Summit, JM Finn detailed how Nutanix helped it to leverage a software-defined private cloud infrastructure in order to quickly deliver remote work to employees securely and in record time.