back Back

3 notable FinTech deals that took place in June

By Leandra Monteiro

June 23, 2022

  • APS Islamic Microfinance
  • Azentio
  • Bpc
Share

FinTech Financial technology (FinTech) describes new tech that seeks to improve and automate the delivery and use of financial services. At its core, FinTech is utilised to help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilising specialised software and algorithms that are used on computers and, increasingly, smartphones. FinTech, the word, is a combination of “financial technology”.

The COVID-19 pandemic has accelerated the process of digitalisation for the financial services industry. Amidst the unprecedented market volatility, the industry’s appetite for digital technology has been on the rise. The new year saw some significant deals being undertaken by FinTech companies. 

The following are 3 FinTech deals in June to have a look at:

Samba Bank Pakistan, a fully owned subsidiary of one of the largest banks in the Middle East (Saudi National Bank), has officially gone live with SmartVista Card Management & Middleware system after partnering with BPC to complete the first stage of its cross-vertical digital banking transformation. Last year, BPC’s SmartVista platform was selected to help Samba Bank modernise its digital banking and payment processing technology infrastructure to provide seamless experiences for customers.

Triterras Inc, a FinTech company focused on trade finance, and Unqork, a no-code enterprise application platform, announced they have entered a partnership to further digitise global trade finance.

Unqork will be used to enhance the end-to-end trading lifecycle of Triterras’ Kratos platform, one of the largest trading and trade finance platforms in the world. By incorporating Unqork’s simple ‘drag and drop’ interface, the FinTech company will be able to offer better efficiency and improve outcomes for both lenders and traders.

Azentio Software announced that it has gone live with its iMAL™ platform at APS Islamic Microfinance Co. Ltd, a subsidiary of APS International, an international money transfer service provider in The Gambia. The Islamic core banking platform – iMAL™, will enable the Gambian institution to automate financial processes to align with the digital transformation that is taking place across West Africa, and to be more competitive.

iMAL™ platform was implemented at APS Islamic Microfinance on Oracle Cloud without any significant obstacles demonstrating its compatibility with the latest technological trends. Azentio has delivered a high-quality solution despite the challenges related to the distribution of the implementation team across geographies.

ALSO READ: Sales League Table Report 2021

Previous Article

June 23, 2022

Jack Henry enables faster payments for more than 250 financial institutions

Read More
Next Article

June 23, 2022

Volt launches account ownership authentication in European markets

Read More






IBSi Daily News Analysis

May 28, 2024

APS Islamic Microfinance

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

liwwa secures $5m loan from DFC to support SMEs in Jordan

Read More

Today

Nexi offers Tap to Pay on iPhone for merchants in Italy

Read More

Today

Engine by Starling integrates Ozone API into SaaS solution

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023