back Back

FinTech Focus: Catch latest developments of the week

By Gloria Methri

January 12, 2024

  • Africa
  • APAC
  • Backbase

FinTech news, APAC, India, Europe, UK, MENA. AfricaSocial media platforms can offer insights, helping FinTech and digital payments companies analyse consumer behaviour and preferences, the most critical factors in the present, and industry trends.

With the ever-evolving digital landscape, it has become imperative for financial institutions to offer services that cater to consumers’ changing needs, and channels of interaction like social media can bridge that gap.

Similarly, numerous financial technology companies use social media platforms to announce product offerings, mergers, partnerships, and other developments to garner wider attention and better reach their target audience.

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

Backbase is thrilled to announce a groundbreaking agreement with Danske Bank to redefine the future of financial services. Our Engagement Banking Platform will empower Danske Bank to enhance its digital customer experience and introduce innovative solutions.

Vietnam’s LPBank partners with Finastra to modernize its treasury capabilities, for enhanced customer experience and accelerated growth. “This agreement combines the technological strengths of Finastra, the strong local knowledge of NGS, and the spirit of innovation amongst LPBank’s Board of Directors. Finastra’s Kondor treasury solution will enable us to increase trading volume, improve transaction quality, shorten transaction operation time, and support the development of diversified demand for trading derivatives and more complex structured transactions.”ꟷ Ho Nam Tien, Vice Chairman cum General Director of LPBank

We’re thrilled to announce our seed funding round, led by CDM Capital, joined by Co-investors Saison Capital and 77 Capital. Our goal is to create an all-encompassing tech ecosystem for end-to-end acquiring payment processing needs. This seed round acts as a turbo boost, driving us to lead the charge in revolutionizing the payments industry.

We are proud to announce our strategic partnership with the National Bank of Oman. This partnership will enable NBO’s corporate clients and SMEs to utilize their Visa Business Credit Cards for making supplier payments and automating their B2B payments. Together, we aim to create a secure transaction environment and enhance business efficiency with detailed reports, quick reconciliation, and transparent cash flow visibility.

Today, we’re announcing a new partnership with Plaid, a leader in digital financial data connectivity! “Partners like PortX transforms banking infrastructure for financial institutions, aiding them in digital transformation and enabling rapid innovation,” said Tamara Romanek, Head of Partnerships at Plaid. “Together we are enhancing the digital infrastructure and optionality for financial institutions and their customers.”

We’re excited to announce our partnership with Coinbase to expand and simplify access to USDC and digital assets in Africa. Together, by combining Yellow Card’s regional expertise with Coinbase’s global brand and infrastructure, we will empower the next one billion people across Africa to participate in the future of finance.”

Also read: NextGen Core Banking: The Future of Banking Q1 2024

Previous Article

January 12, 2024

Finfra & CareNow partner to streamline healthcare payments in Indonesia

Read More
Next Article

January 15, 2024

stc pay partners with Mastercard to boost digital payment offerings

Read More

IBSi Daily News Analysis

Merchants, payments, UAE

July 15, 2024


Global wealth growth rebounds with major shifts expected by 2030, 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

July 15, 2024

Open Payment Technologies launches Kuady digital wallet app in LatAm

Read More

July 15, 2024

Thought Machine and Quantifeed partner to modernize banking

Read More

July 15, 2024

Duck Creek Technologies delivers HDFC ERGO’s new core InsurTech solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 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!
Get your copy now! IBSi Sales League Table 2024