Zimbabwe’s Success Microfinance Bank taps FinOS for core banking
The bank has partnered with FinOS to access its composable banking capabilities and increase operating ability.
The bank has partnered with FinOS to access its composable banking capabilities and increase operating ability.
Using PayMate’s tech, NBO plans to digitise, streamline and automate its B2B payment processes.
“Industry veteran” Anup Neogi has also been appointed as the new managing director and CEO of the acquired business.
The company’s initial plans for a $255m IPO in 2021 were scrapped due to weakening market conditions.
Pai joins PhonePe from TerraPay, where he served as president of product and solutions for three years.
The investment was backed by the Sawiris family of the Egyptian Orascom Group and ZCP.
Goals101 and its big data platform will be integrated into M2P Fintech’s financial services suite.
The new measures also address “moral hazard issues” in lending and boost certain transaction limits.
OTP Bank has selected the vendor’s Intellect Digital Core (IDC) offering and lending platform.
ZestMoney’s leadership team has reportedly informed employees of its decision to wind down by the end of the month.
According to sources, over the next six to seven months, PhonePe plans to launch multiple consumer credit products.
The exit sets Berkshire Hathaway up for a loss of around 40% on its investment.
Claiming to be the Middle East’s first social payments app, Dosh Payments has been building in stealth since 2021.
The National Bank of Kazakhstan intends to issue its own CBDC in late 2025.
The three banks are Tajikistan-based Alif Bank and Bank Arvand and Montenegro’s Universal Capital Bank.
The Series D funding round takes InCred Finance’s valuation up to $1.05 billion.
With Ripple, Georgia’s central bank aims to explore use cases and potential benefits of having a digital currency.
The bank says its remittance platform provides customers with full transparency over payments.
Vaswani currently serves as president of Pagaya and as non-executive director at LSEG.
The partnership comes as Figopara gears up for a “significant” international expansion push.
Aurionpro says the deal “significantly accelerates” its ambitions to take its lending solutions into new markets.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Al Etihad Payments is a wholly-owned subsidiary of the Central Bank of the UAE.
Shah will be responsible for the bank’s IT security and digital channels across various functions.
Through this partnership, Spice Money aims to broaden financial inclusion across India.
According to documents seen by CNBC, the SEC’s Boston office has been investigating Freedom for months.
Its merger with NESFB will see Slice transition into a small finance bank.
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
Marco Tedone, the firm’s new CTO, spent almost 12 years leading API strategy for HSBC.
Prashant Kumar, managing director and CEO of Yes Bank, says Sharma’s appointment comes “at an important juncture”.
The round consists of $50 million in debt funding and $12 million in equity.
It will position itself as a retail bank offering digital financial services to boost financial inclusion in Pakistan.
The funding came from Kedaara Capital, and existing backers Warburg Pincus and Bessemer Venture Partners.
The deal marks another step in Finbots.AI’s push to scale across APAC.
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.
The Yes Bank Zaggle corporate credit card seeks to enable businesses to tap operation efficiencies.
The Blaze platform aims to ensure high durability during peak workloads and improve fraud prevention.
PhonePe says the collaboration marks a “significant milestone” in its data journey.
As Turkey’s first digital bank, ColendiBank is aiming to reach 50 million customers regionally.