Banking Infrastructure

Singapore is hotbed for FinTech innovation that has overtaken China as the biggest investment destination in the region. However, its leadership position is far from certain.

Deutsche Bank has bought a 4.9% stake in open banking startup Deposit Solutions for €50m ($55.2m), making it Germany’s second most valuable FinTech enterprise.

AI and machine learning technology solution developer DataRobot has scored $206m in its Series E round.

Affluent areas’ ATMs seem safer than the ones in deprived parts of the UK, where free cashpoints are disappearing fast.

Spanish bank Santander has announced it has issued a bond that will only exist on the Ethereum blockchain.

Nigeria is at the centre of Africa’s FinTech revolution. Native Carbon aims to play a pivotal role in creating a thriving ecosystem where men and women have access to financial services.

The Nigerian challenger bank Kuda has raised $1.6m in a pre-seed investment round after launching the beta version of its online mobile finance platform and getting a banking licence from the Nigerian Central Bank.

American U.S. Bank is expanding its digital expertise and offerings by buying talech for an undisclosed amount.

Stripe, payments processing giant, has launched its services in services in Poland, Estonia, Latvia, Lithuania, Slovakia, Slovenia, and Portugal.

Mumbai-based YES BANK has tapped Microsoft to develop its new AI-enabled chatbot name YES ROBOT.