Rakuten Europe Bank adopts Temenos open platform for composable banking to enhance its member experience, speed the development of new payment products and enter new markets

Temenos (SIX: TEMN), the banking software company, today announced that Rakuten Europe Bank – part of the Rakuten group, a unique ecosystem of 70+ businesses and over 1.6 billion members worldwide – has signed with Temenos to deliver banking services including Rakuten Pay on the Temenos Banking Cloud. Powered by Temenos open platform, Rakuten Europe Bank will accelerate its growth across Europe.

Funding led by HCAP Partners will support product development and the ongoing expansion of interoperability programs.

Saphyre, Inc., a leading FinTech company that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, is pleased to announce the successful completion of its Series A round of $18.7 million, led by HCAP Partners, with J.P. Morgan and BNP Paribas participating in the round. Terms of the investment were not disclosed.

The first businesses in the Middle East and Africa region have started to experience the seamless ease of Mastercard’s Track Instant Pay solution, in partnership with leading pan-African fintech enablement partner, Ukheshe Technologies.

Track Instant Pay is a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices – the first of its kind.

KCB International Co., Ltd. in association with National Payments Corporation of India, SBI Card and Yatra.com announced the launch of a unique co-branded "RuPay JCB Yatra SBI Card Contactless Credit Card". This holiday-cum-shopping credit card is set to delight travellers and holiday lovers with exclusive travel benefits on booking flights and hotels which would be applicable 6 times a year. As a welcome onboarding gift, users of this card are entitled to Yatra.com vouchers worth INR 8250.

Today the Nordic-based payment service provider Avarda chose European open banking leader Aiia, a Mastercard company, to enable open banking payments through its white-label payment solutions for a wide range of retailers and merchants.

Powered by Mastercard’s global open banking platform, Avarda provides online shoppers with a more hassle-free checkout experience. 

Move expands Jumio’s global footprint, further positions company at the heart of the region’s financial center

Currencycloud, the experts simplifying business in a multi-currency world, has launched Weekend FX, providing clients with the ability to offer competitive FX rates 24/7, even after the markets close on a Friday evening.

ITS is driven to see its clients succeed in Islamic finance, increase their returns and optimize cost control.

With this in mind, ITS is delighted to exclusively sponsor the African Islamic Finance Summit on March 23, 2022, in The Gambia and to have the opportunity to meet many of its clients, partners, and potential customers.