back Back

FinTech Focus: Catch latest developments of the week

By Gloria Methri

March 22, 2024

  • Asia
  • Crédit Agricole
  • Desjardins
Share

FinTech, BankTech, Digital Banking, Payments, Asia, India, UK, Europe, MENAFinTechs 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:

We’re excited to share that Desjardins has selected nCino, Inc.’s Automated Spreading Solution to automate loan origination processes through machine learning. By expanding their partnership with nCino, Desjardins will realize the benefits of a single platform further.

We’re excited to extend our partnership with Mastercard to offer the Brighterion fraud prevention solution to over 60,000 merchants across the Middle East and Africa. Amidst rising fraud risks across the entire payment value chain, Mastercard’s Brighterion monitors transactions using machine learning algorithms that continuously update to keep up with fraudsters’ increasingly sophisticated techniques.

We’ve got big news… GoCardless has entered an agreement to acquire Nuapay! EML Payments Limited has entered into an agreement to sell the Sentenial Group (operating globally under the brand Nuapay) to GoCardless, subject to regulatory approvals.

We are proud to announce the signing of our Series F funding round, consisting of EUR 96 million in additional capital and up to EUR 100 million in financial guarantees led by existing investors. The round marks an exciting new chapter for Solaris as we use the funds to onboard the ADAC credit card program, strengthen our core capital, and invest in the resilience of our platform.

Temenos is excited to share that Markaaz Advanced Global Solutions is now available on Temenos Exchange! Markaaz offers business verification solutions that accelerate onboarding, combat compliance risk, and increase revenue for banks, lenders, FinTechs, and other finserv providers.

Worldline and Groupe Crédit Agricole are proud to announce the closing of their strategic partnership and the effective creation of their joint venture for the French payment market. After the green light from the European Commission, this key milestone will allow us to actively prepare for the future launch of enhanced payment solutions for French merchants.

ALSO READ: Treasury & Capital Markets Systems Report Q4 2023

Previous Article

March 22, 2024

FinTech platform FLOOSS wins Sharia-compliant status

Read More
Next Article

March 22, 2024

FinTech Union54 launches secure chat platform with integrated digital wallets

Read More








IBSi Daily News Analysis

bahrain, islamic finance

April 17, 2024

Asia

Sovereign upgrades elevate Sukuk ratings; GCC debt markets on track to break $1tn barrier

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

Ozone API and Thistle Initiatives help banks prepare for PSD3

Read More

Today

NatWest partners with StoneX to enhance cross-border FX service

Read More

Today

Codebase Technologies launches Digibanc SME Financing platform

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 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