ICYMI fintech funding round-up: Nearpay, Supra, Hyperplane and Pave Bank
Our weekly round-up for you to get the latest fintech funding news from around the world.
Our weekly round-up for you to get the latest fintech funding news from around the world.
The company has promoted Paul Dunn to CEO, APAC and Chris Spencer to CEO, EMEA.
The pilot is part of the HKMA’s three-stage approach to CBDC development.
Blacksmith claims to have specifically tailored the platform for SEB following a year-long pilot project.
Mastercard’s JV received formal approval from the People’s Bank of China.
The newly launched digital bank aims to target the younger generations, with a focus on solopreneurs in Indonesia.
Mastercard first launched its Biometric Checkout Programme last year with NEC as an early partner.
Bambu says its solution has been designed for financial institutions that cater to mass retail investors.
By moving to the cloud, AWS claims that MUFG has been able to reduce IT operational costs by 20%.
Travelex CCO Cameron Hume is also transitioning into the role of global wholesale director.
Project Guardian aims to share knowledge about the benefits and risks of asset and fund tokenisation.
Satang Corporation is to be rebranded as Orbix Trade Company with three new subsidiaries.
The latest cash injection brings YouTrip’s total funding to date to over $100 million.
The banks were unable to recover their systems within the allotted time following a service outage in Singapore.
Airwallex says the deal is an important part of its broader growth strategy in the Americas.
Temenos has been gaining a foothold in Vietnam, with 24 other Vietnamese banks now running on the firm’s platform.
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
The bank has been running on iMAL since 2010.
The in-store tablets are backed by Fujitsu’s customer engagement solution Chordship.
As part of the strategic partnership, SBI Group has also made a $15 million investment in Alpaca.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The deal is expected to close in H1 2024, with HSBC planning to extend offers to “in-scope employees” in China.
The round also saw participation from existing investor SBI Holdings, and succeeds the platform’s $23.5m Series C.
Ahmed played a pivotal role in the launch of ARBM’s digital banking offering Rize last year.
The news follows a year after the crypto heavyweight received its In Principle Approval (IPA) from MAS.
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
The bank aims to leverage Nice Actimize’s AI and analytics solutions in order to prevent financial crime and fraud.
The bank’s new service seeks to benefit its corporate clients’ inter-bank connectivity and cash management processes.
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
Customers will have to withdraw their money by 13 October, after which the accounts will be permanently closed.
The trials are being held with two subsidiaries of Hokuhoku Financial Group – Hokuriku Bank and Hokkaido Bank.
Utu acquired the Singapore-based lifestyle app in June following its $33 million Series B.
Audax has been designed to help banks and financial institutions accelerate their digital transformation.
The deal marks another step in Finbots.AI’s push to scale across APAC.
Saxo Fintech was launched in 2019 to bring Saxo’s tech solutions to FIs in Mainland China.
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Aspire Systems’ Suresh Ranganathan talks about the company’s ambition to be at the forefront of digital banking transformation.
Singh has spent much of his career at US tech firm Akamai Technologies.