The Weekly Wrap: all you need to know by Friday COB | July 18th

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

Citi’s Global Transfer Agency business has  partnered with Fenergo’s Client Lifecycle Management (CLM) platform to streamline investor onboarding and due diligence for regulated funds across Europe.

Leveraging Fenergo’s market-leading CLM solution, Citi now delivers a fully digitised, policy-driven approach to Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, tailored to the complex needs of institutional asset and investment managers. The platform introduces automated data validation and seamless API connectivity, providing clients with real-time reporting and enhanced operational efficiency.

Part of Citi’s broader Fund Services offering, the Global Transfer Agency business supports institutional clients who design and manage regulated funds for institutional and retail investors across multiple jurisdictions and asset classes.

Deals of the week

• Deep Algorithm raises $1.3m for AI fraud defence
• KUN raises $50m, Series A to expand stablecoin cross-border payments
• Eton Solutions closes $58m round for global WealthTech growth
• Neosurf partners with Paysecure to expand prepaid reach
• Qatar Central Bank approves TrustIn Limited for FinTech Sandbox
• Coda acquires Recharge to expand global prepaid payments reach
• Neosurf partners with Paysecure to expand prepaid reach
• Cathay United opens private bank in Kaohsiung

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.