The Weekly Wrap: all you need to know by Friday COB | February 23rd

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

LTIMindtree, a global technology consulting and digital solutions company, has signed an MoU with Eurolife FFH, an insurance company in Athens, Greece, powered by Fairfax Digital Services, to establish Gen Al and the Digital Hub in Athens and dedicated facilities in Poland, Europe, and Mumbai, India.

As a part of this association, Eurolife FFH will set up the Generative Al and Digital Hub in Athens to develop solutions for insurance businesses in Greece, and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai. Professionals from both companies will jointly undergo specialised training in Generative Al and Digital Transformation to develop products and services that will enhance customer experience and operational efficiency for businesses across the insurance, banking, shipping, and manufacturing industries.

Alexandros Sarrigeorgiou, CEO of Eurolife FFH, said, “This partnership is aligned with our ambition of leveraging the power of advanced technology to deliver innovation for our customers and partners. This collaboration is a step towards a future where Gen AI and digital innovation will drive business success and enhance customers’ experiences.”

Deals of the week

• Axway to buy most of Sopra Banking Software activities for €330m
• Vidyut raises $10m in Series A Funding round led by 3one4 Capital
• PhonePe launches its own Indus Appstore in India
• Revolut launches Robo-Advisor to automate investment processes
• Western Union expands payments partnership with Mercado Pago
• Nuvei expands LATAM footprint with direct local acquiring capabilities
• Mastercard & Awash Bank team to offer card and payment gateway services
• FinTech startup QuiD raises $603k in Pre-seed funding
• Nium expands Middle East presence with Enjaz Banking Services partnership
• Kani Payments taps Pismo for data reconciliation and reporting
• TerraPay & Diamond Trust Bank to simplify global money transfers in Uganda
• Finastra & Unitas to offer treasury solution to banks in South Korea

Be on the lookout for

On March 07 and 8, 2024, the Marriott Hotel in Zurich will host the 17th NextGen Payments and Regtech Forum, an event focusing on the continuous evolution of the payments industry, propelled by technological advancements, enhanced security measures, and evolving customer preferences that contribute to the efficiency and convenience of modern financial systems.

The forum aims to delve into how organizations are enhancing their operations by embracing cutting-edge technologies, particularly in the payments and RegTech sectors. It will gather influential figures, innovators, and strategists worldwide to discuss market trends, digitalization, regulations, innovation, and technology in payments and regulatory realms. Key topics include emerging payment technologies like AR, contactless payments, digital wallets, BNPL variations, digital currencies, alongside discussions on data privacy, ethics, cybersecurity, and the evolving role of AI in risk and fraud management.