Market News

London-based WorldRemit, an online money transfer service company, has partnered with Hangzhou-based Alipay, the mobile and online payments platform operated by Ant Financial. The collaboration entails the usage of the WorldRemit app or website for cross-border remittances to the Alipay app, thereby leading to increased convenience to consumers along with inclusive transfer services to users globally. […]Read More

Jack Henry & Associates, Inc. has announced that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to implement its Commercial Lending Center Suite. The suite is aimed to streamline the bank’s commercial lending processes, boost efficiencies and enhance the overall experience for lenders and borrowers. HAB Bank has previously associated with Jack […]Read More

Monerium, a provider of licensed e-money for blockchains, has entered into a partnership with open-source blockchain protocol Algorand in a bid to support the latter’s protocol in 2020 with its e-money solution. “We look forward to supporting the Algorand protocol. Algorand incorporates key features for many mainstream use-cases, including stateless smart contracts and scaleable proof-of-stake […]Read More

Dubai International Financial Centre (DIFC) FinTech Hive has revealed the launch of their funding accelerator programme for start-ups in the Middle East, Africa and South Asia (MEASA) regions. The FinTech Hive Scale Up programme offers strategic partnership and investment opportunities for post-series A startups through this ecosystem. The programme is supported by Middle East Venture […]Read More

Morgan Stanley is all set to replace the existing premier cash management program with the launch of CashPlus, a brokerage account that offers clients an alternative to banking. The new generation cash management platform serves clients by putting their cash activities at the front and center. It is associated with offers which provide a wide […]Read More

Temenos has announced that universal API and financial integration provider Codat has joined Temenos MarketPlace. Codat is expected to leverage the MarketPlace and provide pre-integrated access between banks and SME clients’ accounting packages. Paul Roberts, Director – MarketPlace and Community Development, Temenos, said, “Our business banking clients will clearly benefit from this out-of-the-box integration with […]Read More

Munich-based Wirecard, a digital financial technology company, and Aachen-based UZE Mobility, a platform for e-mobility services, have partnered to combine their payment and geolocation technology. UZE Mobility offers an electric vehicle fleet with digital advertising displays managed via its platform. According to the strategic partnership, Wirecard is the preferred payment partner for the UZE Mobility […]Read More

MUFG Union Bank, N.A. announced the introduction of real-time payments for its corporate, retail and commercial clients via the RTP network, operated by The Clearing House. The RTP network provides instantaneous receipt of payments which will enhance payment certainty and funds availability, with funds immediately available for use. ” Real-time payments offer our clients the […]Read More

Gurugram-based MobiKwik, a FinTech company in India, stated that its payment gateway (PG) business unit (BU) will surpass revenues of INR 10 billion for the year 2021. In 2019, the company doubled its revenue in its PG business and cited that it is on track for the same in 2020 as well as doubling it […]Read More

Finastra has announced a partnership with Synopsys Inc in a bid to enable a security validation program for FusionFabric.cloud. It is also expected to enhance the security testing assessments for FusionFabric.cloud FusionStore’s applications. “By partnering with Synopsys on our application validation program, we’re creating a win-win solution for financial institutions and Fintech developers,” said Nir […]Read More

SoFi, an online personal finance company, has announced a multifaceted partnership with Mastercard, to offer a suite of products and in-person experiences to its members. Last year the company unveiled its SoFi Money, which is an online cash management account offering no account minimums or fees. The partnership will initially focus on the SoFi Money […]Read More

IndusInd Bank has announced the launch of PIONEER, a wealth management platform catering to the high net worth customer segment. The service merges wealth management solutions with the suite of personal and commercial banking products. Romesh Sobti, Managing Director & CEO, IndusInd Bank enunciated, “The Bank has served client needs for wealth management as a […]Read More

Blue Prism has entered into a partnership with Nexis Solutions in a bid to integrate its connected RPA platform with the latter’s Diligence solution for enhancing due diligence processes for organisations with the help of intelligent automation. The partnership is aimed at speeding up screening, due diligence analysis and reporting. It is also expected to […]Read More

State Street Corporation has collaborated with iCapital Network, a financial technology platform for delivering access and efficiency in alternative investing. The partnership aims to support State Street’s clients to deal with the complex private market. The collaboration will enhance the offering and servicing of US registered funds by combining State Street’s capabilities in registered transfer […]Read More

Toyota Finance New Zealand Limited (TFNZ), a regional subsidiary of Japan-based automotive finance company Toyota Financial Services Corporation, has selected Ephesoft, a content capture and data discovery solutions provider, to accelerate its automotive loan application and settlement processing. TFNZ will deploy Ephesoft Transact to its loan operations team for a more streamlined loan validation process […]Read More