Fintech
Find out the latest developments of the week
By Gloria Mathias
Today
- Credible
- Diamond Trust Bank
- Ebanx
FinTechs continue to play a critical role in transforming and reshaping the traditional contours of the financial industry. As technology becomes more and more intertwined with financial services, FinTech innovations are not simply incremental, but rather disruptive, paving the way for greater efficiency, accessibility, and new business models.
This week’s FinTech Focus presents a curated selection of the most significant developments that underscore the dynamic nature of this sector.
Let’s take a look at the top six ads made by FinTech bigwigs this week:
CredAble is proud to announce its partnership with Window to provide a comprehensive supply chain financing (SCF) offering to banks around the world! Integrating CrediblePowered by Finastra’s advanced working capital technology platform, banks can drive revenue growth, drive business expansion, and improve customer experience with a broader range of financial services within a single platform with Finastra’s Trade Innovation solution.
EBANX and XTransfer are now partners to facilitate the provision of financial services for businesses in five key Latin American markets: Brazil, Chile, Colombia, Peru and Mexico. Through this collaboration, XTransfer, China’s leading B2B cross-border payment platform, will be able to offer a range of local payment methods, such as cash vouchers, e-transfers and Pix, instant payments in Brazil to its global customers working with imports and exports, enabling them to navigate Latin America’s digital economy with greater efficiency.
Mashreq has partnered with Profinch for its global expansion journey! In a signing ceremony in Dubai, attended by Mohamed Abdel Razek of Mashreq and Kiran Kumar of Profinch, we embarked on a transformation journey. Together, we will drive technology innovations in Oman, Pakistan, the US, the UK and Hong Kong, enhancing digital banking experiences with Oracle’s cutting-edge solutions.
NPCI is excited to launch UPI One World to all international travellers visiting India. With this development, foreign visitors will have the opportunity to immerse themselves in the rich culture, cuisine and diverse experiences of India with the ease of UPI payments.
Diamond Trust Bank (DTB), a renowned financial institution with a 78-year legacy in East Africa, has entrusted us with providing an advanced platform to power its innovation and digital expansion. This partnership will enable DTB to benefit from a variety of payment products and services, including debit, credit and prepaid card processing and hosting, as well as eCommerce. They will also have access to our value-added services, such as card fraud prevention, 3D Secure authentication and card verification solutions. Network International is excited to support DTB in meeting the growing demand for digital payments across East Africa.
Revolut is now authorised with restrictions as a UK bank. Revolut serves 45 million customers worldwide, with over 9 million customers in the UK. As we strive to provide faster, better and smarter products and services, we are pleased to announce that we have been authorised with restrictions as a UK bank. This is an important step towards launching the bank for customers in the UK.
Read also: Financial Services Cybersecurity Report, Q2 2024