back Back

The Weekly Wrap: all you need to know by Friday COB | July 14th

By Puja Sharma

July 14, 2023

  • Apple
  • Apple Pay
  • Convera
Share

The Weekly WrapThe 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

Temenos announced that Convera, a non-bank global B2B payments provider, has selected Temenos Payments Hub running in the Temenos Cloud to modernise its payments infrastructure.

The move to Temenos Software-as-a-Service (SaaS) will help Convera drive efficiency in payment processing from inbound funding to outbound disbursements. Temenos SaaS will help Convera compete in the highly dynamic payments market.

Patrick Gauthier, Chief Executive Officer, Convera, said: “Temenos payments platform will underpin Convera’s growth strategy as it transforms into a modern, technology-led, global B2B payments organisation focused on innovation, value, and exceptional customer service. After extensive assessment, we selected Temenos for its superior cloud technology capabilities and the trust in the team and its local operations. Temenos is the platform of choice for massive scale; we have a clear path for global expansion and look forward to partnering with Temenos with its global expertise to support us along the way.”

Deals of the week

  • Defacto raises $183m debt financing from Citi and Viola Credit
  • OneStack raises $2m in its latest funding round
  • Revolut enables Tap to Pay for iPhone users in the UK
  • German InsurTech hepster closes $11m Series B financing round
  • FIS sells Worldpay to GTCR at $18.5b valuation
  • FinTech Solaris closes $41m funding round
  • PhonePe launches one-stop POS solution for merchants
  • Avanti Finance & Credit Saison India partner to boost credit access in rural India
  • CrediMax and Mastercard sign strategic partnership to boost digital innovation in Bahrain
  • GCC Exchange launches money transfer mobile app and web portal for seamless transactions
  • Moss selects GoCardless to fuel its UK expansion
  • Eddid Financial and MPAY partner to expand into Malaysia

Be on the lookout for

Returning between 8-9th November in  London, UK, FinTech LIVE London brings together leading organisations, C-suite executives and thought-leaders from the world of fintech for a third year, this time at the QEII Centre.

Discussing the biggest and most innovative ideas to drive the conversation about the world of fintech, insurtech and crypto, FinTech LIVE London offers two days of unmissable content.

Previous Article

July 14, 2023

Tulip and Stripe team to simplify payment experience for retailers

Read More
Next Article

July 14, 2023

Saudi Arabia grants payment gateway certification to Tap Payments

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

November 06, 2024

Political divide meets crypto boom as Trump’s digital currency faces a tech-savvy audience

Read More

November 04, 2024

Auquan raises $4.5m to automate deep work in finance with AI

Read More

October 29, 2024

Europe losing the SaaS Embedded Finance race as U.S. strides ahead

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More