Visa Inc. today announced a partnership agreement with ABHI, a leading fintech company, and YellowPepper to introduce Account-to-Account (A2A) payments in the UAE. This collaboration aims to revolutionize the financial landscape by driving innovation, promoting financial inclusion, and accelerating the adoption of new payment solutions in the CEMEA region.

MorganAsh, a leading provider of support services to the financial services sector, has strengthened its team with two senior appointments.

Supporting its growth in the customer vulnerability and Consumer Duty markets, MorganAsh appoints Peter Labrow as head of marketing. Peter brings with him around 40 years of experience, including as a journalist for Haymarket Group, as marketing manager for a global systems integration company – and as marketing director of one of the UK’s largest training companies.

Vega, a UK-based wealthtech platform set up by a team of former executives from leading hedge funds, private equity firms, and fintech scale-ups, has launched with over $8 million in equity investment from leading venture capital firms and angel investors.

Luge Capital today announced that it has raised CA$71 million in the first close of its second fund, Luge Capital Fund II, towards an ultimate fund size of $100 million.

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone, and automated self-service on a single platform, has partnered with 

Profile Group has reported a significant increase in revenue and after-tax profitability during the first half of 2023, continuing its strong growth both at home and abroad, launching new solutions and significant upgrades of the existing ones, leading to the undertaking of new projects and customer loyalty.

Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, announced it has successfully raised debt of US$27 million led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and sustainability-focused fund Orange Bloom who also invested in this debt funding

Organised by The Institute of Financial Technologists of Asia (IFTA), the IFTA FinTech and Innovation Awards 2022/2023 (IFTA Awards) Presentation Ceremony was held at the Hong Kong Productivity Council yesterday (25 September). Officiated the ceremony was the Guest of Honour Mr Joseph Chan JP, Under Secretary for Financial Services & the Treasury of the Hong Kong SAR Government. A total of 22 corporate winners and 9 individuals / teams were commended with an award.