Witnessing a 300% growth in its business during the last six months, Razorpay today announced its Series D fundraise of $100 Million, giving the company more than $1 Billion in valuation. This round was co-led by GIC, Singapore’s sovereign wealth fund and Sequoia India, along with participation from Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners.
- 09.10.2020 06:52 pm
Backbase, a digital-first banking platform, announced that it has built a new cross-business platform for Banco Caja Social. The new platform, built from Backbase’s industry leading software, has improved the user experience and online access for the bank’s customers. This marks a new milestone in the digitization of Banco Caja Social, an institution that has been working for over a century on financial inclusion and serving low- and middle-... more
- 09.10.2020 03:18 pm
Tinkoff has launched a financial messenger built into its super app for users to chat while making financial transactions. Customers will be able to share bookings, payments and gigabytes of traffic soon, as well as get quick access to chat bots and the Tinkoff ecosystem products and services, and more. Initially available to the Tinkoff super app users only, the financial messenger will be later integrated into other Tinkoff ecosystem... more
Deutsche Bank Announces New Early Warning Service for Securities Settlement Delays Powered by Elastic
Deutsche Bank today announced that they will launch an enhanced securities settlement service that proactively identifies in-flight security transactions at risk of settlement delay, to debut in early 2021. The enhanced service, powered by the Elastic Stack and Elastic’s machine learning and anomaly detection features, will enable the bank's clients to avoid hefty financial penalties under the upcoming implementation of the new Central... more
- 09.10.2020 11:36 am
Meniga (www.meniga.com), a global leader in AI-powered digital banking solutions, announces that it has expanded its business to the US, with a dedicated team appointed to drive sales operations by targeting the nation’s biggest banks and financial institutions.
- 07.10.2020 02:45 pm
An innovative lending solution from financial infrastructure provider, Banking Circle, has been named as a finalist in the 2020 Credit Awards category for Best Use of Technology – SME Lender. The highly respected awards programme recognises and rewards innovation and best practice as well as the hard work of those working across the global credit and financial service industry.
Monese to Migrate European and UK Account Holders onto Thought Machine’s Core Banking Platform Vault
- 06.10.2020 08:26 pm
Monese, the popular pan-European banking service that provides instant and localised mobile money accounts in 31 countries, today announces it will adopt Thought Machine’s cloud native core banking platform Vault. Monese, which provides accounts to both consumers and businesses, will migrate its existing customer base onto Thought Machine’s cloud native platform, as it focusses on strengthening the company's core technology platform and its... more
SmartStream Develops Data Observational Learning Alongside Tier 1 Banks – Providing a 20% Cost Saving Using AI
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launches ‘Affinity’ in collaboration with Tier 1 banks - an Artificial Intelligence (AI) ‘observational learning’ solution to meet the technical demands and business agility for operational data management and data quality processes.
Arbuthnot Specialist Finance Limited Adopts nCino to Complement its Relationship-led Approach with Best-in-Class Technology
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Arbuthnot Specialist Finance Limited (ASFL), the short-term property finance arm of
- 01.10.2020 07:43 pm
Finastra announced that First Independence Bank has selected its Fusion Phoenix core, Fusion Digital Banking, Fusion DepositPro and Fusion TotalTransact, as well as a number of other solutions, in order to provide its customers with a robust and fully digital banking experience.
- 01.10.2020 06:05 pm
Following a record number of applications, Banking Circle has been awarded two prestigious awards in the 2020 Juniper Research Future Digital Awards. The innovative financial infrastructure provider was awarded the Lending Platform Platinum Award for Banking Circle Lending, and a Gold Award for Banking Platform Innovation.
- 30.09.2020 10:45 pm
As the COVID-19 pandemic has led to a significant increase in customer queries globally, Avaloq’s banking and wealth management clients are to benefit from Enterprise Bot’s intuitive email and conversation solution.
As more businesses turn to digital payments, and the number of connected devices grows, one thing is becoming increasingly clear: consumers are demanding more clarity around what they bought and who they bought it from. Most everyone has experienced the frustration of trying to decipher confusing and brief purchase descriptions when reviewing online statements. This confusion forces cardholders to contact their banks unnecessarily to dispute... more
xpate, the startup set on revolutionising payments with one unified account for all payment methods and innovative drag and drop technology, announces that CEO Mike Shafro has been appointed Ecommerce Advisor to Jurijs Adamovics, Chairman of the Board of Directors, Industra Bank.
Nexi, the leading Italian PayTech in digital payments, signs a partnership with Ebury, one of the world's leading Fintech companies providing global transaction banking services to businesses. According to the agreement, Ebury, founded in 2009 and with offices in 20 countries including Italy, joins Nexi Open. Nexi's partner banks will be able to offer their clients the full suite of Ebury services, including international cash management, FX... more