UATP, renowned for its robust global payment network that facilitates streamlined payment processes, has entered into a strategic alliance with Klarna, a leader in AI-driven global payments.

İşbank, Turkey’s largest privately owned bank, has partnered with Instabase, a leader in generative AI solutions.

AbbeyCross and Wise Platform have forged a new partnership to enhance global FX payment systems.

Landesbank Baden-Württemberg (LBBW), Germany’s largest state bank, has selected Fenergo to implement a new cloud-based client onboarding system to enhance its compliance processes.

Maybank, which serves over one million small and medium enterprises (SMEs) across ASEAN, announced today a significant investment in Funding Societies | Modalku, Southeast Asia's foremost unified digital finance platform for micro, small, and medium enterprises (MSMEs).

FinTech Global recently spoke to several leaders in the WealthTech space to highlight the WealthTech trends that stood out in the first half of 2024. Speaking to those same companies, the industry leaders offer an insight into the trends that will shape the remaining months of 2024. 

An UBO refers to an individual who, although not always officially recorded, holds significant control or ownership of a business entity, generally marked by owning 25% or more of the company.

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Paymob, a trailblazer in the MENA financial services sector, has recently announced a substantial $22m extension to its Series B funding, culminating in a robust $72m total for the round.

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.