Indian challenger-to-be Jupiter raises $2m in venture funding
The new round comes as a top-up to a $24m injection from November 2019.
Asia
ICICI Bank launches WhatsApp-based banking service
The Indian bank follows up on its API and digital development.
Appian unveils software to help banks operate amid coronavirus outbreak
The application is only available to companies with more than 1,000 employees.
WorldRemit teams up with Paykii
It will launch international bill payments through its own app/website using Paykii’s tech.
TransferWise teams with Alipay in latest Asian expansion
TransferWise customers just need the recipient’s name and Alipay ID.
Swift’s ISO 20022 migration set back a year to November 2022
“The new approach will avoid short-lived investments by customers,” says Swift.
Travelex owner Finablr prepares for insolvency
Finablr processed $115 billion in transactions in 2019, and more than 1,500 firms rely on it.
Over one million users migrate from Yes Bank’s to ICICI Bank’s UPIs
The collapse of Yes Bank is causing ripple effects for UPI partners.
Global fintech funding: 2018 still stands as the reigning year
As of February 2020, year-over-year deal counts were down by 22%.
Community Bank Bangladesh goes live on Infosys Finacle in 48 days
New bank plans to rapidly scale with Infosys system.
Dutch fintech TerraPay gets acquired & raises $9.6m
“Fintechs like TerraPay play a vital role in increasing financial inclusion in emerging markets.”
Is the future of banking not open but closed?
Europe and USA have to create their own ecosystems to compete with the East.
India’s lending start-up SMEcorner bags $30m Series B
The round was led by a $10.5 million investment from Germany’s Paragon Partners.
Standard Chartered commits $75bn to sustainable development
Infrastructure projects to get $40bn, whilst renewable energy and clean tech to get $35bn.
Pakistani challenger Sadapay preps 2020 launch
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Ecommerce firm Dot lands $8m seed funding
The start-up builds ecommerce solutions for brick and mortar stores.
WhatsApp Pay to launch in India with initial 10m users
Facebook-owned firm plans a full roll-out this year.
Rewire CEO: We want to be the financial marketplace for migrants
Traditionally, migrants have struggled to find a one stop shop for their finances.
PaySend and JS Bank create freelancer-focused wallet in Pakistan
Pakistan is the fourth fastest growing global economy for freelance worker revenues.
ADB creates $50m venture fund for start-ups driving sustainability
The fund will support start-ups helping Asia and the Pacific reach their sustainable goals.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
How AI can address the global sanctions challenge
Banks shouldn’t delay exploring an AI-powered approach to their existing screening processes.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Telenor Microfinance Bank selects Temenos T24 as new core banking system
Pakistani institution uses NDC as implementation partner.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
Pine Labs becomes Indian unicorn after Mastercard investment
Pine Labs valued at $1.5 billion after latest financing.
Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
Turkey’s Halkbank could pay $1bn in fines for court absence
The bank is facing criminal charges for helping Iran evade US economic sanctions.
GetVantage debuts with India’s first revenue-based financing platform
The alternate funding model is gaining significant traction in foreign markets.
ICICI Bank launches portal with around 250 APIs for fintech devs
The bank offers four times the amount of APIs launched by Yes Bank last year.
EXCLUSIVE: Meezan Bank undergoes digital revamp with Oracle
One of Pakistan’s largest Islamic banks to implement Oracle’s Banking Digital Experience.
PayU nabs controlling stake in PaySense, plans merger with LazyPay
PayU splashes $185 million on new acquisition.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
How telco VEON is tapping mobile payments in South and Central Asia
The telco’s off-shoot financial services are fast becoming serious revenue streams.
Texan fintech HighRadius raises $125m and hits unicorn status
Customers include Nike, Burger King and Sony.
Finovate: fraud prevention, cybersecurity and regtech
The eMagazine features unique insights from the FinovateAsia and Middle East shows.
Findexable report: London bests other European fintech hubs despite Brexit
San Francisco secured the top spot – up from eleventh place last year.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
