The Weekly Wrap: all you need to know by Friday COB | August 30th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Intellect Design Arena has announced a global partnership with Wipro, a technology services and consulting company.

This collaboration aims to leverage the eMACH.ai platform, a transformative technology designed using First Principles Thinking to simplify technology in the banking and insurance sectors. Together, they will deliver innovative and comprehensive IT solutions to clients in the banking and financial services industry.

Under the terms of the partnership agreement, Intellect and Wipro have joined forces to bring innovative IT solutions to the global banking and financial sectors. By combining Wipro’s IT services with Intellect’s advanced eMACH.ai platform, they aim to enhance operational efficiency and drive digital transformation for financial institutions.

Deals of the week

• POP unveils co-branded card in partnership with RuPay & Yes Bank
• India’s Finarkein Analytics raises $4.75m in Pre-Series A funding
• Yuze secures $30m to drive expansion in new markets
• Pine Labs & Visa launch soundbox device for QR payments in India
• HDFC Bank taps Zeta’s DCaaS solution to offer Credit Line on UPI
• Hitachi Payment Services unveils ‘Android-based Cash Recycling machine’
• Yuze secures $30m to drive expansion in new markets
• Backbase delivers digital banking platform to power MyState Bank

Be on the lookout for

Nominations for the IBSi Global FinTech Innovation Awards 2024 are now live! As we prepare for the 6th edition of our esteemed awards, we invite you to join an elite circle of visionaries transforming the financial technology landscape. Every year, we celebrate banking technologists who drive exceptional advancements in the fintech sector, recognizing efforts that redefine industry standards and enhance global financial services.

By submitting a nomination, you spotlight your company’s achievements and position yourself among global industry leaders. Our awards recognize a wide spectrum of innovations, from robust core systems to cutting-edge applications of AI and blockchain. No matter if you’re an established industry giant or a dynamic newcomer, the IBSi Global FinTech Innovation Awards offer a platform to showcase your impact on the industry. Explore available categories, learn from past successes, and submit your nominations today to claim your place as a leader in financial technology. Nominate Now!