The Weekly Wrap: all you need to know by Friday COB | July 11th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Deutsche Bank has partnered with Swift to launch Instant Cash Reporting (ICR), a next-generation API solution.

The partnership is an advancement in the Bank’s commitment to digital transformation, empowering corporate treasuries with seamless, real-time access to vital cash and account information.

The launch underscores Deutsche Bank’s strategic investment in expanding its API product suite, combining the security and trusted reach of Swift’s infrastructure with Deutsche Bank’s innovative digital capabilities. ICR enables corporate and financial institutions to retrieve instant, standardised account and balance data through a single, secure connection, simplifying treasury management and driving operational efficiency across complex banking ecosystems.

Accessible via the Swift network, ICR utilises the ISO 20022 data model and secure JSON format to ensure consistency, interoperability and robust cybersecurity. Through this solution, corporates can automate real-time cash visibility, identify unexpected incoming payments, and optimise balance management all while integrating seamlessly with their existing treasury systems.

Deals of the week

• Belong raises $5m to build NRI-focused FinTech platform
• Natech secures $33m to expand embedded finance across Europe
• Credit Wise Capital raises $24m to expand retail and MSME lending in India
• Saudi SaaS firm Rekaz raises $5m to digitise local SMEs across MENA
• Paragon Bank and 26PMX Launch Spring, a New Savings App
• Ujjivan Small Finance Bank launches international RuPay debit card
• Kuwait International Bank installs smart teller machines

Be on the lookout for

The “Building a Future-Ready Bank” summit, scheduled for August 7, 2025, in Singapore, is a flagship event by Cedar-IBSi aimed at accelerating the transformation of the banking sector. This high-level gathering will bring together senior banking executives, FinTech leaders, and technology innovators to explore how banks can evolve into agile, customer-centric, and digitally empowered institutions.