FinTech Focus: Catch latest developments of the week

By Delisha Fernandes

FinTechs 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:

• Codebase Technologies

Codebase Technologies has launched its Digibanc SME Financing platform to address the needs of underserved MSME’s across MENA and APAC. Through the new launch, the UAE based FinTech, will provide financial institutions with a tailored made platform to launch a variety of SME financing products and services.

• Aurionpro

Aurionpro has announced the acquisition of India-based banking and insurance-focused PaaS startup Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise FinTech offerings to expedite the adoption of AI that is responsible, accurate, and auditable, aligning strongly with the rapidly evolving demands of banks and insurers.

• Intellect Global Transaction Banking (iGTB)

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, has won an extended mandate with National Bank of Kuwait (NBK), to accomplish a full digital transformation by modernising existing channels and providing new digital capabilities in transaction banking.

• Mambu

Mambu, a cloud banking platform, and Leeds Building Society have entered a strategic partnership to help Leeds modernise its core banking system.

• Comviva

Comviva, the global customer experience and data monetization solutions provider, has launched its transformative Low-Code/No-Code platform.

• Tuum

Tuum, a next-generation core banking provider, has announced its strategic expansion into the Middle East market and the creation of a regional headquarters at ADGM in Abu Dhabi.