The Weekly Wrap: all you need to know by Friday COB | February 21th

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

Zaggle has announced a strategic partnership with Google and Redington to launch a new employee benefits solution. This collaboration aims to revolutionise the way employee benefits are managed and delivered, leveraging the strengths of each partner to create a comprehensive and innovative offering.

Google, known for its cutting-edge technology and vast resources, will provide the technological backbone for this new solution. Their expertise in cloud computing, data analytics, and artificial intelligence will be instrumental in developing a platform that is both robust and user-friendly. This will enable employers to manage employee benefits more efficiently, offering a seamless experience for both administrators and employees.

Redington, with its extensive distribution network and deep market knowledge, will play a crucial role in bringing this solution to a wide range of businesses. Their established relationships and market presence will ensure that the new benefits solution reaches a diverse audience, from small enterprises to large corporations.

The new solution is designed to address the evolving needs of the modern workforce, offering flexibility, customisation, and ease of use. By combining the strengths of Google, Redington, and Zaggle, this initiative aims to set a new standard in the employee benefits industry, ultimately improving employee satisfaction and retention.

Deals of the week

• Indian payments startup ToneTag nets $78m in Series B2
• Alinma Bank launches AI-driven API marketplace with IBM
• Worldline secures 12-year renewal with Finland’s OP Financial Group
• Findi to roll out 900 ATMs for Union Bank of India in $57m deal
• HSBC to sell Bahrain retail banking unit to Bank of Bahrain and Kuwait
• Standard Chartered leads Hong Kong’s Stablecoin push with Animoca & HKT
• Google Pay to introduce AI-powered voice payments in India
• PhonePe enhances payment security with card tokenisation solution
• Invest Bank expands digital trade finance with Veefin Solutions partnership
• INVESTBANK taps Fintech Galaxy for open banking compliance in Jordan

Be on the lookout for

New York FinTech Week 2025 will take place from April 21 to April 25 in New York City. This event will bring together over 7,500 entrepreneurs, investors, and enterprises to highlight New York City as a premier FinTech hub. The week-long series will feature marquee keynotes, panel discussions, startup pitch contests, awards ceremonies, and exclusive parties. The highlight of the week is the Empire FinTech Conference, which will gather keynotes and industry leaders to discuss the latest trends and innovations in FinTech. Attendees will have the opportunity to engage with the entire FinTech landscape, forge valuable connections, and propel their FinTech ambitions forward.