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The Weekly Wrap: all you need to know by Friday COB | May 17th

By Puja Sharma

May 17, 2024

  • Deals of the Week
  • fintech funding
  • Fintech funding MENA
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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

Standard Chartered has announced the successful completion of Euro-denominated cross-border transactions between Hong Kong and Singapore and to go live on Partior, the global unified ledger market infrastructure.

This follows the bank’s investment in the platform in November 2022. The bank continues its commitment to build a more transparent, efficient, and secure infrastructure for global value movement by integrating blockchain directly into its payment systems.

As corporate treasurers and financial institutions demand the implementation of the latest technologies in their treasury operations to achieve optimal efficiencies in their cross-border settlements, it is increasingly important for bank providers to embrace innovation and partnerships that can deliver value-added solutions to their corporate and financial institution clients.

Deals of the week

  • UK climate FinTech ekko raises $2.5m funding round
  • Caseware launches cloud-based financial reporting solution
  • Temenos unveils financial processing solution, Temenos Positions
  • Mexico’s BNPL Aplazo secures $70m in equity funding
  • Temenos unveils financial processing solution, Temenos Positions
  • Aurionpro & Google team to offer wallet solutions for public transit
  • Phi Commerce streamlines payment solutions for Reliance Nippon Life Insurance
  • Sohar International unveils Soft POS solution to streamline payment transactions
  • KeyBank launches virtual account management solution for treasury clients

Be on the lookout for

The Global Fintech Fest (GFF) is one of the largest FinTech conferences, organized annually by the  Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the FinTech Convergence Council (FCC). GFF has evolved over the past four years to become a preeminent platform for global policymakers, regulators, central bankers, industry captains, thought leaders, academics, and senior industry professionals to discuss and debate issues related to the fintech ecosystem 360 degrees. GFF 2024, the fifth edition of the conference, has been scaled up manifold from its previous editions, and has been designed around the theme ‘Blueprint for the next decade of finance: Responsible AI| Inclusive| Resilient.’

GFF is not just another big-scale conference but a catalyst for change in the FinTech ecosystem. With hundreds of sessions comprising keynotes, panel discussions, fireside chats, roundtables, and networking rendezvous, GFF fosters collaboration, innovation, and knowledge exchange. From showcasing cutting-edge fintech innovations at an expansive expo to facilitating investment pitches, workshops, and hackathons, GFF drives meaningful dialogues and actions in the fintech space.

Central to the ethos of GFF is the Global Fintech Awards (GFA), an esteemed recognition of exceptional initiatives and contributions in the fintech domain by individuals and enterprises from across the globe. The GFA serves as a testament to the transformative power of fintech and celebrates those who are pushing the boundaries of innovation and excellence.

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