Tuesday, January 31, 2023
LetsAskBinu.com
  • Home
  • Cybersecurity
  • Cyber Threats
  • Hacking
  • Protection
  • Networking
  • Malware
  • Fintech
  • Internet Of Things
No Result
View All Result
LetsAskBinu.com
No Result
View All Result
Home Fintech

This Week in Fintech: TFT Bi-Weekly News Roundup 29/12

Researcher by Researcher
December 29, 2022
in Fintech
0
This Week in Fintech: TFT Bi-Weekly News Roundup 08/02
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 29 December 2022!

Funding and investment

Blockchain payments company Centbee has closed its pre-Series A round with entrepreneur Calvin Ayre, founder of Ayre Ventures. Ayre Ventures also invested in Centbee in 2019. The investment will be used for scaling and growth as well as strengthening technical and operating capacity.

Manafa, a Saudi fintech, has closed its Series A funding of SAR106million to launch new products and expand its offering across various sectors. Manafa plans to turbocharge its growth in the Kingdom, as well as expand its offering with the launch of several products and financing solutions. In addition it plans to double the number of investors investing in previously-inaccessible alternative asset classes.

TradeDog Group, the parent company of TD VC, is launching a $100million Web3 ‘Special Situation’ Fund with $10million in GP Commitments. The fund focused on the evolution of Web3. It will also re-structure and invest in projects with good products and businesses but struggling token markets.

Jakarta-based fintech Akulaku has bagged $200million from Japanese bank Mitsubishi UFJ Financial Group (MUFG). Backed by China’s Alibaba Group, Akulaku offers digital banking and buy now, pay later services. According to reports, MUFG is also planning to acquire Japanese BNPL company Kanmu.

Funding roundup

Company updates

Dubai Chamber of Commerce has launched a new Fintech & Payments Business Group aimed at bringing together companies of all sizes within the fintech and payments sector to encourage collegial dialogue, advocate policy change and promote the emirate as a highly competitive global commercial centre. The launch is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai.

Meanwhile, the chamber has also launched a Cloud Computing Business Group. It also connects companies within the sector to encourage productive dialogue on ways to propel and embed cloud computing services across Dubai.

Emirates Global Aluminium, an industrial company in the UAE, has opened sustainable corporate bank accounts with Citi and Standard Chartered Bank. EGA is among the first in the region to choose the accounts, which ensure cash balances are used to finance or refinance sustainability progress elsewhere in the economy.

Singlife with Aviva is now just known as Singlife. The company formed by a merger between insurtech startup Singlife and Aviva Singapore on 1 January 2022. The change will help cement the company as a Singapore grown company.

Mergers and acquisitions

SALAMA is to snap up the insurance portfolio of Dubai Islamic Insurance and Reinsurance Company. SALAMA stands as UAE’s largest sharia’h compliant Takaful operator. The acquisition will enhance SALAMA’s range of solutions and overall competitiveness in market share.

Cornerstone FS, a cloud-based provider of international payment, sells its non-core subsidiary Avila House. The licenced small electronic money institution, and software licence agreement, will generate £600,000 for Cornerstone in 2023. Cornerstone is selling Avila House to Aspire Commerce.

Partnerships

Nova banka has partnered with UnionPay to launch UnionPay’s virtual card solution in Bosnia and Herzegovina via TIZI wallet, a universal e-wallet that will make mobile contactless payment available on its Android app through host card emulation (HCE).

Fintech Global Financial Technology has signed an agreement with Visa. Following the agreement, GFT can issue Visa branded physical and virtual cards. Called OM Pay, it is a PCI DSS certified product.

Cashfree Payments has partnered with Sony Entertainment Television and Sony LIV as the payments partner for Shark Tank India season 2. It is the second consecutive year of partnering with the reality show, for aspiring entrepreneurs from India.

iDenfy, the identity verification startup, has teamed up with Beera Station, a self-pouring beer machine service provider. The new partnership helps Beera Station check buyers’ age and verify their identities while ensuring swift service.

Meanwhile RuPay has partnered with JCB International and National Payments Corporation of India (NPCI). JCB partners with NPCI to offer 40 per cent cashback for RuPay JCB Cardholders for in-store purchases in Thailand, Singapore and Bahrain.

DCM Swiss has joined forces with data platform Plato Data Intelligence. Through the partnership, the decentralised blockchain-powered platform’s partner brands will benefit from increased global reach. Both companies also plan to deliver a wide range of embedded data products.

partnerships

Launches

SimpliFi, a cards as a service (CaaS) platform in MENAP, has introduced multi-currency cards across the region. SimpliFi Multi-Currency lets businesses issue cards in multiple currencies to match their spend with insights into how their cash flow movement is being managed across currencies while reducing exchange losses and administrative costs.



Source link

Related articles

KITMEK Launches $1 Digital Only School for Children Across MENA

KITMEK Launches $1 Digital Only School for Children Across MENA

January 31, 2023
Visa Celebrates Disney’s 100 Year Anniversary

Visa Celebrates Disney’s 100 Year Anniversary

January 30, 2023
Tags: BiWeeklyFintechNewsRoundUpTFTWeek
Share76Tweet47

Related Posts

KITMEK Launches $1 Digital Only School for Children Across MENA

KITMEK Launches $1 Digital Only School for Children Across MENA

January 31, 2023
0

KITMEK, a new interactive digital school, has officially launched; costing just one dollar per month for children across MENA.The KITMEK...

Visa Celebrates Disney’s 100 Year Anniversary

Visa Celebrates Disney’s 100 Year Anniversary

January 30, 2023
0

The Walt Disney Company has joined forces with digital payments leader Visa, for a new integrated campaign. The partnership sees...

Communities for Nature Charity Launches to Address Environmental Issues

Communities for Nature Charity Launches to Address Environmental Issues

January 29, 2023
0

A new London-based environmental charity, Communities for Nature, has officially launched, aiming to address the most pressing environmental challenges. Communities for...

71% of Executives Report AI Already Impacts How They Work; Reveals Digital Transformation Study

71% of Executives Report AI Already Impacts How They Work; Reveals Digital Transformation Study

January 29, 2023
0

It is no secret that digital transformation is currently one of the most important ways for companies to get ahead....

Worldline Develops Buland Bharat Digital Payments Suite for Small Business Merchants in India

Worldline Develops Buland Bharat Digital Payments Suite for Small Business Merchants in India

January 29, 2023
0

Worldline launches digital payments suite for small and medium businesses (SMBs) in India. Buland Bharat, the latest development from the payment...

Load More
  • Trending
  • Comments
  • Latest
This Week in Fintech: TFT Bi-Weekly News Roundup 08/02

This Week in Fintech: TFT Bi-Weekly News Roundup 15/03

March 15, 2022
QNAP Escalation Vulnerability Let Attackers Gain Administrator Privileges

QNAP Escalation Vulnerability Let Attackers Gain Administrator Privileges

March 15, 2022
Supply chain efficiency starts with securing port operations

Supply chain efficiency starts with securing port operations

March 15, 2022
A first look at threat intelligence and threat hunting tools

A first look at threat intelligence and threat hunting tools

March 15, 2022
Beware! Facebook accounts being hijacked via Messenger prize phishing chats

Beware! Facebook accounts being hijacked via Messenger prize phishing chats

0
Shoulder surfing: Watch out for eagle‑eyed snoopers peeking at your phone

Shoulder surfing: Watch out for eagle‑eyed snoopers peeking at your phone

0
Remote work causing security issues for system and IT administrators

Remote work causing security issues for system and IT administrators

0
Elementor WordPress plugin has a gaping security hole – update now – Naked Security

Elementor WordPress plugin has a gaping security hole – update now – Naked Security

0
Novel Malware Installed in VMware ESXi Attacks

VMware Fixes vRealize Log Insight RCE Bugs

January 31, 2023
KITMEK Launches $1 Digital Only School for Children Across MENA

KITMEK Launches $1 Digital Only School for Children Across MENA

January 31, 2023
Whole-Network Visualization With Meraki Dashboard

Whole-Network Visualization With Meraki Dashboard

January 31, 2023
Securing CI/CD. There are many organizations moving to… | by Binu Panicker | Jan, 2023

Securing CI/CD. There are many organizations moving to… | by Binu Panicker | Jan, 2023

January 30, 2023

Recent Posts

Novel Malware Installed in VMware ESXi Attacks

VMware Fixes vRealize Log Insight RCE Bugs

January 31, 2023
KITMEK Launches $1 Digital Only School for Children Across MENA

KITMEK Launches $1 Digital Only School for Children Across MENA

January 31, 2023
Whole-Network Visualization With Meraki Dashboard

Whole-Network Visualization With Meraki Dashboard

January 31, 2023

Categories

  • Cyber Threats
  • Cybersecurity
  • Fintech
  • Hacking
  • Internet Of Things
  • Malware
  • Networking
  • Protection

Tags

Access attack Attacks banking BiWeekly bug Cisco cloud code critical Cybersecurity Data Digital exploited financial Finds Fintech Flaw flaws Google Group Hackers Krebs Latest launches malware Microsoft million Network News open patches Payments platform Ransomware RoundUp security Software TFT Threat Top vulnerabilities vulnerability warns Week

© 2022 Lets Ask Binu All Rights Reserved

No Result
View All Result
  • Home
  • Cybersecurity
  • Cyber Threats
  • Hacking
  • Protection
  • Networking
  • Malware
  • Fintech
  • Internet Of Things

© 2022 Lets Ask Binu All Rights Reserved