Market News

Unprecedented times call for innovative ways to maintain business continuity, and these are challenging times for the banking sector too. Banks across several developing countries in India, Hong Kong, the US, and Singapore are launching banking services on popular messaging app WhatsApp. In India, leading private sector lenders such as ICICI Bank, Kotak Mahindra, IndusInd, […]Read More

Bitcoin marketplace bitbuddy has launched its India operations after the country’s apex court overturned a two-year-old banking ban on crypto-trading in March this year. It is essential to mention here that the Supreme Court revoked a directive by the Reserve Bank of India that ordered regulated financial entities to not deal with any crypto-related companies […]Read More

By Bavin Turakhia, Founder and CEO of Neo-banking platform Zeta Are legacy banks operating on borrowed time? At first glance, it may seem like banks and technology are in a warm relationship. In reality, there’s a great distance between both sides — so great, that both parties are missing out on what the other has […]Read More

UK credit and monitoring platform OakNorth has signed a commercial agreement with Customers Bank in its first publicly announced US bank partnership. The agreement came at the right time for the bank to leverage the platform’s 360-degree loan monitoring in the economic environment caused by the COVID-19 crisis, and in the long term, OakNorth will […]Read More

INSTANDA, a customer and policy management platform for the insurance industry has become available on the Microsoft Azure Marketplace, an online store providing applications and services for businesses globally. INSTANDA customers may now get instant, secure access from MS Azure. INSTANDA is a no-code business platform used by insurers, MGAs and brokers worldwide. The platform […]Read More

BTON Financial and genesis have announced a partnership to automate trading workflows for asset managers, in order to drive greater trading performance and front office transformation. BTON Financial, an independent outsourced dealing desk for asset managers, selected genesis and its Low Code Application Platform for capital markets due to its market expertise and the ability […]Read More

Phos has closed an EUR 1.3 million funding round taking the total amount raised by the business to EUR 2.5 million. The UK and Bulgaria-based FinTech has developed a software PoS, which allows merchants to accept payments directly on their phones. The new funding was led by New Vision 3 and will enable Phos to […]Read More

  OakNorth Bank has approved over £36 million of new loans in the past two weeks in order to support British businesses through the coronavirus pandemic. The bank has applied to join the CBILS – the British Business Bank’s Coronavirus Business Interruption Loan Scheme – and is currently waiting for approval. In the meantime, OakNorth […]Read More

Mastercard announced its plan to increase the contactless payment limits across the Middle East and Africa (MEA) region. The Coronavirus (COVID-19) has created turmoil in the financial industry. Government and health authorities are constantly emphasising on the need for social distancing. Mastercard’s initiative on increasing the contactless limit came in the wake of the pandemic, […]Read More

Starling Bank has announced the launch of mobile cheque deposits, allowing customers to snap a picture of a cheque on their smartphone and then deposit it via the application. The bank has stated that the cheque imaging will be made available this week to all of its customers with UK personal, joint, sole trader or […]Read More

CIMB Bank, Singapore Branch signed an agreement to partner with ICHX, operator of capital markets platform iSTOX, today. The partnership will enable CIMB clients in the ASEAN region to have access to a faster, more flexible and efficient way to raise funds at a lower cost. iSTOX is a regulated capital markets platform which supports […]Read More

The Monetary Authority of Singapore (MAS) today announced a S$125 million support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump mainly caused by the coronavirus (COVID-19) pandemic. The support package is expected to position financial institutions (FIs) and FinTech firms for stronger growth after the […]Read More

NewYork based BlackRock, a global investment management corporation, has announced that the company has entered into a strategic partnership with Microsoft to host BlackRock’s Aladdin infrastructure on the Microsoft Azure cloud platform, enhancing client capabilities. Aladdin is an end-to-end investment management and operations platform used by institutional investors, including asset managers, insurers, pension funds, and corporate […]Read More

Subscription management solutions provider, Subaio, announced that Norwegian savings bank Sparebanken Vest has gone live with its service. This will allow its customers to get an overview of all recurring payments, cancel unwanted subscriptions and get notified about changes in a fully integrated white-label service. “When more and more expenses come in the form of […]Read More

The Dubai Financial Services Authority (DFSA) announced initiatives aimed at providing assistance and regulatory relief to the Dubai International Financial Centre’s (DIFC) financial services community due to the coronavirus (COVID-19) crisis. These initiatives are designed to allow the DIFC community to focus on protecting the wellbeing of their staff and supporting their clients during the […]Read More