Mastercard, a global payments technology company, has inaugurated a new, state-of-the-art Tech Hub in Pune, India. The decision to launch the new Tech Hub stems from Mastercard's strategic goal to support India's digital transformation while enhancing its global technological capabilities, according to FF News. By expanding its workforce and strengthening its technology infrastructure in India, Mastercard is investing in the future...

Klarna has signed a strategic agreement with Elliott Advisors to fund £30bn of UK transactions through the sale of its short-term, interest-free product receivables. The agreement involves the ongoing sale of nearly all of Klarna's short-term, interest-free product receivables in the UK, according to FF News. The partnership aims to support Klarna’s continuous growth in the UK and enhance its capital...

Client onboarding in the banking sector can be dauntingly slow and resource-intensive, often stretching beyond 90 days to incorporate a single corporate client. According to Encompass, this duration is punctuated by bottlenecks exacerbated by recruitment, retention, and training challenges. Yet, the integration of automated Corporate Digital Identity (CDI) systems promises substantial alleviation of these issues, particularly during the identity...

Key Canadian RegTech investment stats in H1 2024: Canadian RegTech funding increased by 86% YoY Trend analysis showed Canadian RegTech deal volume for the year is set to double compared to 2023 Thentia, a RegTech leader in the Canadian marketplace, secured the largest RegTech deal in Canada in H1 2024, with a Series B funding round of $38m During the...

Storfund and Mangopay have further solidified their partnership by introducing an embedded wallet solution designed to streamline payment processes and currency conversion for marketplace sellers.

Herald, a trailblazer in digital insurance infrastructure, has just secured $12m Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with additional participation from Afore Capital and Underscore Venture Capital.

In a significant move for the banking technology sector, Zafin has announced the expansion of its strategic collaboration with Microsoft, marking a new phase in bank modernisation efforts.

INSHUR, the multi-award-winning embedded insurance provider for the on-demand economy, has recently closed a funding round securing $19m. This round was spearheaded by Viola Growth, joined by MS&AD Ventures and other existing investors, elevating INSHUR’s total funding to an impressive $78.5m since 2019. The company is recognized for its tailored insurance solutions catering to gig economy platforms and their workforce, such...

Zenus Bank, a pioneering entity in Banking-as-a-Service (BaaS), collaborates with Tuum, a next-generation core banking provider. This partnership is set to democratize access to U.S. banking services globally, allowing banks, FinTechs, super apps, and businesses worldwide to integrate these services seamlessly. The collaboration stems from Zenus' need for a flexible, scalable core banking solution that enhances its existing infrastructure. By integrating...

ACA Group, a leader in governance, risk, and compliance (GRC) solutions within the financial services sector, has recently taken a significant step to enhance its international reach by acquiring Effecta Compliance Group.