PhonePe, today announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The feature aims to make insurance coverage more accessible and affordable for millions of Indians by waiving the requirement for proof of income at the time of policy purchase.

Uzum, a leading ecosystem of digital services in Uzbekistan, today announces its key performance highlights for the six months ended 30 June 2024.

Key Operating and Financial Highlights

·   Marketplace GMV grew 4 times year-on-year

·   Loan portfolio of Uzum fintech services more than doubled

The traditional banking and finance industry is evolving, as processes are experiencing a digital transformation as a result of perpetual Know Your Customer (pKYC). The pKYC approach enables modern banks to continuously update and verify customer information in real time, moving away from the reliance on periodic reviews. This change is driven by technological advancements and the increasing demand for dynamic and responsive regulatory compliance mechanisms.

The 3rd Financial Innovation Forum - Payments & Regtech is a premier gathering that brings over 50 industry experts to the stage for dynamic discussions on the latest advancements, trends, and regulatory best practices in payments and compliance. 

Solitics, a leading provider of customer engagement based on real-time data, is revolutionising the way brokers operate by providing them with cutting-edge technology that adapts to their infrastructure, speeding time to value, and saving resources and complex development for IT and R&D teams.

Anaplan, the leading scenario planning and analysis platform designed to optimize decision-making in today’s complex business environment, today announced the appointment of three new senior executives who will lead key functions in the global product and technology, go-to-market, and finance organizations. 

Telr, the award-winning online payment gateway, has announced its strategic collaboration with Mastercard to introduce its digital checkout solution, Click to Pay, across its extensive network of merchants in the UAE. Through this partnership, Telr will deploy cutting-edge payment technologies to enhance the customer experience.

CloudPay, the leading independent provider of global payroll and payment solutions, today announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay's capital base and provides flexibility for future growth opportunities.

Cytora, the leading digital risk processing platform, has partnered with AI-powered due diligence company Xapien.

ClearBank, the enabler of real-time clearing and embedded banking, today announced it has expanded into Europe, working to fulfil client demand for Euro settlement and accounts.