back Back

FinTech Focus: Catch latest developments of the week

By Delisha Fernandes

January 19, 2024

  • Allied Banking Corporation
  • Finastra
  • fintech APAC
Share

FinTech, TweetsFinTechs continue to play a pivotal role in transforming and reshaping the traditional contours of the financial industry. As technology becomes increasingly intertwined with financial services, FinTech innovations are not merely incremental but rather revolutionary, paving the way for enhanced efficiency, accessibility, and novel business models.

This week’s FinTech Focus brings forth a curated selection of the most significant developments that underscore the dynamic nature of this sector.

Let’s look at the top six announcements made by the FinTech bigwigs this week:

Finastra has announced that Allied Banking Corporation (Hong Kong) has successfully migrated its core banking operations to the cloud, at the same time upgrading from Finastra’s Equation core banking solution to its next-generation Essence solution.

Google India Digital Services and NPCI International Payments Ltd have signed a Memorandum of Understanding (MoU) to help expand UPI payments to countries beyond India. This initiative aligns with our commitment to bolster India’s position in the global digital payment landscape.

Nuvei has partnered with the iconic Galeries Lafayette UAE. Our payment technology will enhance the shopping experience in the UAE, making transactions smoother and more secure for Galeries Lafayette UAE’s customers.

Tulip, a retail customer engagement solutions provider, has launched Tulip Pay, a payment integration powered by Stripe, a financial infrastructure platform for businesses.

Yes Bank has announced the launch of SmartFin, an end-to-end digital supply chain finance (SCF) platform, powered by Veefin Solutions. SmartFin facilitates digital SCF loans for dealers and suppliers of corporate clients, enabling them to achieve their strategic business objectives.

Worldline has signed a strategic partnership with Google to leverage cutting-edge technologies from Google Cloud to take its digital transformation further. As part of the partnership, Google will also work with Worldline to facilitate seamless online payments for Google’s customers in Europe.

ALSO READ: NextGen Core Banking: The Future of Banking Q3 2023

Previous Article

January 19, 2024

The Weekly Wrap: all you need to know by Friday COB | January 19th

Read More
Next Article

January 19, 2024

Billink raises €29.5m to expand BNPL offering to Germany

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Allied Banking Corporation

Regulated firms battle surge in financial crime attempts, research reveals

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

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

FinTech Focus: Catch latest developments of the week

Read More

February 23, 2024

Vencora acquires CREALOGIX to expand its banking technology services

Read More

Related Reports

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