The Monday Roundup: what we are watching this week | Oct 7th

By Puja Sharma

The Monday Roundup sets the scene for the week’s biggest news stories, industry deals, and upcoming events. For Prime subscribers only.

Hyperpersonalisation of trades

JMR Infotech, an IT solutions provider specialising in FinTech solutions, has announced the incorporation of a wholly-owned delivery centre in Bogotá, Colombia.

This center will focus on providing Information Technology (IT) services to the Latin American (LATAM) markets and on delivering nearshore and same-time zone services to clients across North America and the Caribbean.

The new delivery centre will allow JMR Infotech to offer a full suite of services tailored to the needs of LATAM clients while also establishing a robust bilingual talent pipeline for the region. This strategic move underscores JMR’s continued investment in Latin America, strengthening its presence and expanding its global footprint to leverage the nearshore advantage for international clients.

Global financial technology FIS® has launched its Digital Trading Storefront. This innovative new platform enables banks, brokers, market makers, and fund managers to offer their customers a differentiated cross-asset trading digital experience.

The FIS Digital Trading Storefront enhances the existing FIS Cross-Asset Trading and Risk Platform with a comprehensive suite of digital features that enable hyperpersonalisation and real-time execution of trades. Built using advanced APIs, the scalable platform provides flexibility for firms, allowing them to integrate their own front or back-end components, as well as tailor the branding and customer experience as desired. This platform enables more accessible trading in real-time while continuing to mitigate risk with seamlessly integrated APIs for advanced regulatory compliance.

This new solution allows clients to reimagine their digital presence for the money-at-work phase of the money lifecycle.

Expanding Merchant Network

American Express Middle East has announced an agreement with Telr, an online payment gateway, to expand its acceptance of Telr’s merchant network by becoming one of their aggregation payment service providers in MENA.

This agreement will enable American Express Card Members to use their cards at thousands of Telr’s merchants online, growing the number of locations at which they can use their Card.

Merchants acquired by Telr for American Express acceptance can now attract consumers and businesses from a global base of AmEx Card Members—from the Middle East and all around the world. Those merchants will be able to accept payments in more than 120 currencies and 30 languages through various payment methods of Telr’s unique payments gateway platform and pay-by-link services.

Salmon, a provider of financial services and consumer lending products in Southeast Asia, has announced the successful completion of its $30 million Series A-2 equity financing round.

The planned round saw strong participation from key institutional investors in the company, including the International Finance Corporation (IFC) and Lunate of Abu Dhabi, both of which committed amounts substantially in excess of their pro-rata allocation rights.

The funds will be directed toward continuing to scale Salmon’s profitable lending business and launching new products designed to meet the evolving needs of more than 50 million Filipino consumers underserved by legacy banks. A portion of the proceeds will also bolster the company’s marketing activities at thousands of retail locations across the Philippines and expand its online offering.

In addition, subject to receiving regulatory approvals from the Bangko Sentral ng Pilipinas (BSP), Salmon intends to allocate a portion of the proceeds to strengthen the capital base of the Rural Bank of Sta. Rosa (Laguna), with plans to increase the bank’s total capital to PHP 1.2 billion by the end of 2025.

What is the Buzz