Category: Banking
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Kapital raises USD 165 million in Series B and debt financing
Kapital, a leading fintech startup, announced today that it has successfully raised a total of USD 165 million in its Series B funding round and debt financing. This fundraise marks a significant milestone for the company and will be utilized to accelerate its growth strategies. The Series B round was led by prominent venture capital…
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FutureBank partners with Paymentology
FutureBank, a leading digital banking solutions provider, is pleased to announce its partnership with Paymentology, a global payments processing platform. This strategic partnership brings together the innovative technologies and expertise of both FutureBank and Paymentology to provide enhanced payment solutions for banks and financial institutions worldwide. FutureBank is known for its cutting-edge digital banking products…
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Lesha Bank partners with Temenos
Lesha Bank, a leading financial institution, is proud to announce its strategic partnership with Temenos, a global leader in banking software. This collaboration is expected to revolutionize the banking industry with innovative products and services. As part of this partnership, Lesha Bank will leverage Temenos’ cutting-edge technology solutions to further enhance its digital banking capabilities.…
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Bain Capital sells USD 448 million stake in Axis Bank
In a significant move, private equity firm Bain Capital has sold its stake worth USD 448 million in Axis Bank, India’s third-largest private sector lender. Bain Capital made the decision to offload its entire stake of 2.3% in Axis Bank in multiple block deals on the stock exchanges, signaling a strategic move in its investment…
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Aye Finance raises USD 37.18 million
Aye Finance, a leading financial technology company, has successfully raised USD 37.18 million in a recent funding round. The firm, established with the aim of providing innovative financial solutions to micro and small businesses in India, has garnered significant investor interest due to its unique approach and impressive growth. The latest funding round was led…
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I&M Bank Uganda partners with Mastercard
I&M Bank Uganda partners with Mastercard I&M Bank Uganda, one of the leading financial institutions in Uganda, has announced a strategic partnership with global payments giant Mastercard. The partnership aims to enhance the banking experience for customers and strengthen digital payment solutions in the country. Expanding Payment Options and Enhancing Convenience The collaboration between I&M…
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Glory further invests in shared banking startup OneBanx
Glory, a leading financial services company, has announced its continued investment in the shared banking startup OneBanx. This strategic move signifies Glory’s commitment to embracing technological advancements and expanding its reach in the digital banking sector. OneBanx is an innovative fintech venture that aims to revolutionize the banking experience by offering a shared banking platform.…
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Trust Bank and Thales launch Ocean Plastic card
Trust Bank has partnered with Thales, a global technology company, to launch a groundbreaking initiative to combat plastic pollution in our oceans. The result is the new Ocean Plastic card, aimed at raising awareness and encouraging customers to join the fight against this environmental crisis. The Ocean Plastic card is made from 85% recycled ocean…
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FiBank launches Visa Platinum Business Debit card
Experience Enhanced Power and Flexibility with the New FiBank Visa Platinum Business Debit Card FiBank, a leading financial institution dedicated to providing innovative and tailored banking solutions, is thrilled to announce the launch of its latest product, the FiBank Visa Platinum Business Debit card. This cutting-edge debit card is designed to provide ultimate power, convenience,…
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Metro Bank suspends its pursuit of risk models approval
Metro Bank, one of the leading financial institutions, has announced the suspension of its plans to obtain approval for its risk models. This decision comes as a setback for the bank, which had been actively pursuing this approval to enhance its risk management practices. The bank had been working diligently to develop sophisticated models to…
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Banco de la República de Colombia partners with ACI Worldwide
In a strategic move to enhance its payment services, the Banco de la República de Colombia has announced a partnership with ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions. ACI Worldwide is renowned for its cutting-edge technology and expertise in the banking industry. They offer a wide range of solutions…
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M2P Fintech acquires Goals101
In a significant move, M2P Fintech, a leading global financial technology company, announced its acquisition of Goals101, a prominent data intelligence firm operating in the banking and financial services sector. The acquisition marks a strategic expansion of M2P Fintech’s portfolio and reinforces its position as a key player in the industry. Goals101 has gained recognition…
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Liberis secures USD 112 million in debt financing
Liberis secures USD 112 million in debt financing In a remarkable development, Liberis, a leading financial technology company, has successfully secured a substantial debt financing totaling an impressive amount of USD 112 million. This notable achievement is set to significantly enhance Liberis’ position in the market and accelerate its already considerable growth trajectory. Liberis specializes…
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ABN AMRO to acquire BUX
In a significant move in the banking industry, ABN AMRO, one of Europe’s largest banks, has announced its plans to acquire BUX, a rapidly growing mobile-based stock trading platform. This strategic acquisition aims to combine ABN AMRO’s extensive banking expertise with BUX’s innovative and user-friendly trading platform, creating new opportunities for clients to invest and…
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SACE and illimity Bank join forces
Working together for a stronger financial future In a landmark move, SACE, Italy’s leading credit insurance company, and illimity Bank, a innovative digital bank, have announced their partnership, aiming to revolutionize the financial industry. This collaboration will bring together SACE’s extensive experience in export credit and guarantee services with illimity Bank’s cutting-edge technology-driven banking solutions.…
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Cross River partners with Current to launch credit-building product
Cross River, a leading provider of banking services for financial technology companies, announced their partnership with Current, a popular mobile banking platform, to introduce an innovative credit-building product. The collaboration aims to address the increasing demand for accessible credit services and help individuals build credit history or improve their current credit scores. With this new…
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Eltropy and Alkami augment digital conversations for financial institutions
In an era where digital communication is becoming increasingly important, Eltropy and Alkami have joined forces to enhance digital conversations for financial institutions. What is Eltropy? Eltropy is a leading provider of Secure Messaging powered by Text Messaging for financial institutions. Their platform enables banks, credit unions, and other financial institutions to engage with their…
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ClearBank partners with LemFi
ClearBank, a leading clearing bank in the UK, has announced its partnership with LemFi, a fintech company specializing in innovative lending solutions. This strategic collaboration aims to revolutionize the lending landscape and provide enhanced financial services to individuals and businesses. ClearBank’s commitment to driving innovation in the financial industry aligns perfectly with LemFi’s mission to…
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OpenWallet Foundation partners with FIDO Alliance
The OpenWallet Foundation, a non-profit organization dedicated to promoting secure digital transactions, has announced its partnership with the FIDO (Fast Identity Online) Alliance. This collaboration aims to provide enhanced security and convenience for online payments, leveraging open standards to eliminate the reliance on traditional passwords. About the OpenWallet Foundation The OpenWallet Foundation was established with…
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FCA allows Moneyhub to provide Credit Information Services
The Financial Conduct Authority (FCA) has granted Moneyhub, the leading financial technology company, permission to provide Credit Information Services to its customers, marking a significant milestone in the company’s growth trajectory. Moneyhub’s cutting-edge technology and innovative solutions have gained recognition for streamlining financial processes and empowering consumers. With the FCA’s approval, Moneyhub can now enhance…