Fintech
Catch the latest developments of the week
By Gloria Mattia
FinTechs continue to play a critical role in transforming and reshaping the traditional contours of the financial sector. As technology is increasingly intertwined with financial services, FinTech innovations are not merely incremental but rather revolutionary, paving the way for greater efficiency, accessibility and new business models.
This week’s FinTech Focus features a curated selection of the most significant developments that highlight the dynamic nature of this sector.
Let’s take a look at the top 6 announcements made by FinTech bigwigs this week:
CUBE has announced another step forward on its growth journey by welcoming Thomson Reuters’ global regulatory intelligence businesses into CUBE. This acquisition means that CUBE will take regulatory compliance and risk management to new levels. It represents another significant milestone on our journey to becoming the industry standard for automated regulatory intelligence and regulatory change management.
This is our second acquisition following our strategic partnership with Hg Capital in March 2024. By combining CUBE, Reg-Room LLC and now Thomson Reuters Regulatory Intelligence and Oden, it is setting new standards in regulatory automation and content.
Infosys announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB) to optimize and modernize FAB’s IT infrastructure services. Under this collaboration, Infosys will help integrate a suite of business tools to drive significant improvements in FAB service quality, risk reduction and business outcomes.
Napier AI is proud to announce that our transaction screening solution, part of Napier AI Continuum, has gone live as an anti-money laundering platform for the recently launched Salt Bank, Romania’s first fully digital bank. Neobank, whose name has its roots in the Romanian word for leap, is set to transform the Romanian banking sector. It offers a world-class digital experience for the new generation of customers who prefer to bank on their smartphones.
Paymentology is pleased to announce our partnership with audax in the Middle East and Saudi Arabia seamlessly! Together, they are providing an end-to-end card-as-a-service solution, transforming the payments landscape in Southeast Asia and the Middle East by enabling financial institutions (FIs) to launch and manage their own card program with Seamless branding in one system. matter of months.
Pine Labs is set to get bigger United Arab Emirates NBD with its Credit+ platform, driving cutting-edge merchant acquisition processing solutions for corporate and institutional clients in the UAE. Together, they are pioneering seamless in-store experiences and advancing the payments landscape, starting with the UAE, followed by Saudi Arabia and the Egypt region.
TelephonePe UPI is now active in Sri Lanka! TelephonePe launched UPI services in collaboration with LankaPay at LankaQR merchant outlets at a grand event held in Colombo. Indians traveling to Sri Lanka can now enjoy seamless UPI transactions at any LankaQR based merchant. Numerous stakeholders from Sri Lanka’s financial ecosystem attended the grand launch. Shri Santosh Jha, High Commissioner of India to Sri Lanka, underlined the importance of this launch of UPI as a stepping stone towards a broader digital partnership between our nations.
READ ALSO: IBSi FinTech Journal April 2024 Edition