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California-based cryptocurrency exchange Coinbase has acquired Xapo’s institutional business. The deal is said to be struck at an amount of $55 million, as per industry reports. The acquisition has...

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Digital payments platform PhonePe is likely to carry out offline know-your-customer (KYC) compliance process for its users, as the deadline for mandatory KYC compliance draws near. The Reserve Bank...

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Oracle Financial Services has announced the availability of its Oracle Banking Enterprise Originations solution to the UK market. The new solution is expected to assist banks and building societies...

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After a long hiatus of one year, Bakkt’s ‘Bitcoin Futures’ has finally received a nod from the U.S. Commodity Futures Trading Commission (CFTC). The Atlanta-headquartered financial services company is...

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Airtel Payments Bank Limited, the banking arm of telecom major Airtel, has witnessed a 41 percent jump in its revenues at INR 2.5 billion for the Indian financial year...

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Payment card issuer, JCB’s international operations subsidiary JCB International has entered in a partnership with paytech EVO Payments with an aim to enable the acceptance rate of the former...

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Fintech firm Suvidhaa Infoserve said on Monday that is foraying into e-commerce space through an omnichannel marketplace, in a bid to boost its presence among small merchants as well...

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Wolters Kluwer’s OneSumX for Risk Management solution has been selected by Israel-based Bank Hapoalim in a bid to efficiently manage its credit risk profile. The solution is a part...

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Indian incubator and accelerator Venture Catalysts (VCats) has invested $500k  in AI (artificial startup) Instoried that helps brands predict the emotional impact of their content upon their customers’ minds....

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India’s Paytm has appointed Madhur Deora as president, elevating him from his previous role as chief financial officer and senior vice president, the company said on Monday. Citigroup veteran...

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Attacks on payment systems and third-party service providers, as well as vulnerabilities in underlying system technologies are some of the greatest concerns faced by banks and financial institutions in...

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The European Central Bank (ECB) has announced in a statement, dated August 15th, that its Banks’ Integrated Reporting Dictionary (BIRD) website’s security measures have been breached by unauthorized parties....

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IBS Journal of the Month

A pioneer in retail and corporate banking software since 1986, Nucleus Software provides lending and transaction banking products to the global financial services industry. IBS Journal spoke to CEO Ravi Pratap Singh about the company's plans and his views on the current drivers in the industry.

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As developing nations' economies grow, more previously unbanked people will require financial services. Credit scoring can play a vital role in helping to bring the unbanked into the banking world. We talk to startup TrustingSocial about its ambitions in India.

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FINCA Pakistan Microfinance Bank, founded in 2008 as Kashf Microfinance Bank, was formed to provide access to financial services to low-income borrowers with no collateral requirements, providing entrepreneurs with capital to expand their businesses. FINCA acquired the organisation in 2013, using its wealth of experience and robust business operations to spur growth.

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This section is a monthly snapshot of activity in the banking technology system space. This is useful for anyone who wants to track banking system sales on a regular basis. The Who’s Bought What provides all the key details of the deal such as the bank that bought the system, the type of system, the supplier and the system name, and the country of sale.

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