Tcell introduces mobile payments TezSum in Tajikistan
The telecom operator has partnered with Wallet Factory for the project.
Asia
Indian wealthtech Kuvera raises $4.5m
The firm was founded in 2016 as India’s first free-to-use web-based direct mutual fund investment platform.
Merchant platform Pine Labs acquires Qwikcilver for $100m
Actis is increasing its investment in Pine Labs as a result.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
PayU acquires Wibmo for Indian mobile payments fun
It also has other high growth markets in sight.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Three-way merger creates enlarged Bank of Baroda
The three banks are Bank of Baroda, Vijaya Bank, and Dena Bank.
Pakistan’s first microfinance bank moves over to Temenos T24
Originally selected in early 2017.
Top fintech stories this week – 22 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Incumbent financial institutions harness the power of the entrepreneurial mindset
Introducing Extrapreneurship, a new programme helping employees of large FIs to adopt the entrepreneurship mindset.
Indian lendtech Spoon readies for launch
Aiming to offer micro lending through a mobile app, in real time.
StanChart to set up digital SME platform in India
Will offers business loans, invoice/supply chain financing, and commercial insurance.
RCBC files defamation suit against Bank of Bangladesh over 2016 cyberattack
The aftermath of the $81 million cyberheist lingers on.
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
UK and Turkey push Islamic finance through fintech
TheCityUK and Borsa Istanbul set out their ambitions.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
Flexcube core banking system gains new takers in LatAm, Europe and Asia
Banco Votorantim in Brazil, Ghazanfar Bank in Afghanistan, Prince Bank in Cambodia, and FEDinvest in Albania.
Mobi Direct picks Worldline for Pakistani payments
The PSP/PSO aims to modernise paytech in the country.
State Bank of India and Hitachi launch JV for payments
They plan to “penetrate into hitherto untouched Indian towns and cities”.
DBS Bank steps up interest in India
Singapore entity launches wholly owned subsidiary DBS Bank India Limited.
UK’s Southeast Financial Services unveils SmartRemit app for Bangladeshi expats
London-based subsidiary of Bangladesh’s Southeast Bank rolls out beta version.
CMB Wing Lung Bank live with new custody banking tech from GBST
CMB Wing Lung Bank is live with a new back-office solution for its custody business, GBST’s Syn~Ops Custody.
Temenos snaps up India’s hTrunk for greater big data
Vendor expects to see integrations into T24 Transact and Infinity.
TerraPay takes cross-border payments to Sri Lanka
In partnership with Pan Asia Bank.
Kazakhstan’s Halyk Bank gets Fiserv cash management tech
Meeting the needs of a cash society in Central Asia.
Reliance Realty makes Indian fintech centre a reality
Real estate company plans new hub in Navi Mumbai.
India’s Federal Bank launches open banking platform
APIs include fund transfers, smart collections and UPI payments.
Reserve Bank of India fines three banks for compliance fails
Axis, UCO and Syndicate Bank found to be at fault.
Maldives Monetary Authority calls for payment project tenders
Revamp on the way as MMA issues a request for information.
Swift supports Bangladesh Bank network rebuild after 2016 cyberattack
They seem to have got over their quarrel about who was to blame.
Finca Impact Finance Tajikistan in new core banking system search
Finca Impact Finance Tajikistan looks to replace Oracle FSS’s Flexcube with new tech.
Judgement day arrives for payments in India
Nation gets ombudsman to help with users’ complaints.
State Bank of India’s customers exposed in data leakage
The bank has now secured the unprotected server.
Personal finance app Fintify gets FCA approval
Can now operate as a registered account information service provider.
CreditVidya receives $3m funding to develop credit score tech
It aims to expand throughout various industries in India.
Indian banks unveil blockchain-linked funding for SMEs
The 11 lenders include ICICI, Axis, Yes Bank and Standard Chartered.
BBVA Groww-s investment app via $6m funding round
Bank’s Propel Venture Partners one of the backers for Indian firm.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
