Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, has entered into a strategic partnership with Mansfield Building Society in the UK to digitally transform its business. TCS will deploy its state-of-the-art digital banking solution, TCS BaNCSTM for Core Banking, along with its Digital Home Lending Solution, to enhance member and intermediary experiences and support Mansfield’s ambitious growth plans.

Shoplazza, a leader of e-commerce solutions, announced today a new partnership with Stripe, a financial infrastructure platform for businesses, to power Shoplazza's payment platform.  This partnership, unveiled at the Stripe Tour Singapore 2024 – Asia Pacific Regional Event, represents a major advancement in Shoplazza's e-commerce payments, aimed at enhancing both efficiency and security for merchants.

Atradius, a top global credit insurer, and Mondu, a pioneering fintech offering Buy Now Pay Later (BNPL) solutions, have launched a collaboration aiming at empowering businesses across Europe with the seamless integration of the most popular B2B payment options into their e-commerce channels without the need for external payment gateways. This will enable merchants to provide their business buyers with a much better online purchasing experience, similar to what they are used to from their private life as a digital consumer.

On 30th July, the Bank of England (BoE) published a new discussion 

For the next generation of consumers – Millennials and Gen Z – sustainability has never been more relevant in defining their choices and preferences. According to research, as many as 73% of millennials are willing to pay more for sustainable products compared to 66% of the general population – and this behavior is translating over to payments and financial services.  

 AutoRek, a leading automated financial controls platform, has partnered with Calastone, the largest global funds network, to improve and simplify the consolidation and reconciliation of fund manager data, through the use of Calastone Reporting, helping investment firms to save time and costs.

First Citizens Bank today announced that its business and consumer banking customers can now instantly receive secure payments in their savings and checking accounts via a national instant payments network called the RTP® network.

NymCard, a leading Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries through one secure connection.

Tuum, a next-generation core banking platform provider, is pleased to announce the appointment of Stephen Frame as its new Head of Compliance and Risk.

With over 20 years of experience leading compliance, risk, and security functions across financial institutions, fintechs, and large merchants, Stephen brings a wealth of expertise to Tuum as it continues to expand and strengthen its operations in an increasingly complex regulatory environment.

Paymob, MENA’s leading financial services enabler, announces a $22 million Series B extension round - taking the Company’s total Series B funding to $72 million. 

The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming their endorsement of Paymob’s business model, strategy and leadership in the regional fintech sector.