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The Weekly Wrap: all you need to know by Friday COB | October 25th

By Puja Sharma

October 25, 2024

  • Deals of the Week
  • EMEA
  • FinTech Deals
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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

Tuum, a next-generation core banking provider, has announced a collaboration with Google Cloud to enhance the scalability, security, and performance of digital banking services across Europe, the Middle East, and Africa (EMEA).

This collaboration will empower financial institutions with rapid deployment capabilities, seamless integration, and cost-efficient operations, setting a new standard in the FinTech industry.

Tuum has already deployed an instance on Google Cloud’s infrastructure in Saudi Arabia, positioning itself to unlock new opportunities for business growth across the Middle East, particularly in Saudi Arabia, where cloud technology will drive financial innovation at scale.

By leveraging Google Cloud’s infrastructure, Tuum aims to provide financial institutions with the ability to scale effortlessly and securely while managing growing customer demands and regulatory requirements. The partnership will focus on optimising data handling and processing capabilities, which are critical for achieving high performance and reliability in financial services.

Deals of the week

  • The Mastercard Payment Passkey Service debuts in the Middle East with noon Payment
  • Temenos launches Cross Border Payments Enterprise service
  • PXP Financial & Phos by Ingenico boost payment experience on Android devices
  • Emirates NBD and Partior team to redefine cross border payments
  • Techcombank & Databricks modernise banking with data and AI solutions
  • UGRO Capital plans to raise $40m to support last-mile Indian MSMEs
  • Pipe & GoCardless to boost capital access for SMBs in the UK
  • UAE’s NBF joins Intellect for Wholesale Banking on Microsoft Azure

Be on the lookout for

The 6th FinTech Happy Hour is back! Join us for an exclusive evening of networking and camaraderie at Cedar-IBSI Capital (SEBI registered CAT II – AIF) and Cedar-IBSi FinTech Lab’s Happy Hour in Mumbai! Brought to you by the Cedar Consulting and IBS Intelligence group platform.

Following four successful events in Mumbai, and Bengaluru, we are excited to bring our gathering to the metropolitan city of India, Mumbai! Our previous Happy Hours held in July, April, February 2024, and October 2023 was attended by more than 220+ industry leaders, including FinTech & BankTech Founders, VC & PE Investors, CXO Executives at BFSI institutions, and Cedar-IBSi FinTech Lab Members. These events buzzed with innovation and entrepreneurial spirit, resulting in at least 12 new FinTech collaborations.

Join us to:

  • Connect with Cedar-IBSi Capital’s VC team for fundraising insights
  • Learn about our 7-year-old BankTech Lab and strategies to enhance your GTM
  • Connect with Financial Services technology buyers and collaborators
  • Explore partnership opportunities with other BankTech and FinTech companies

This is an exclusive invite-only networking event

  • Date: Friday, Dec 13th
  • Time: 6:00 PM
  • Venue: Mumbai

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October 25, 2024

Nium and Swift to enable FIs to facilitate real-time payments

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October 25, 2024

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