All articles by Satarupa Bhowmik
Satarupa Bhowmik
Arab National Bank deploys IBM platform to combat fraud
The AI-driven system enhances fraud detection with custom decision models, reducing reliance on vendors and data scientists.
Digital bank Plata garners $160m at $1.5bn valuation
Plata’s total debt and equity investment since its inception now reaches $750m.
US fintech firm Synctera rakes in $15m
The funding will help expedite Synctera’s growth and brings its total capital raised to $94m.
ProgressSoft, Fintech Galaxy reach open banking partnership
This tie-up seeks to boost Open Banking adoption in financial sector by creating national hubs and improving API connectivity.
Nippon Life eyes minority stake in India’s IndusInd Bank
Reliance Nippon Life Insurance could reportedly aim for up to a 9.9% share in the Mumbai-based bank.
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Mashreq teams up with Mastercard for digital bank launch in Pakistan
The partnership will cover card portfolios for consumer, affluent, and business segments.
GXS taps Thoughtworks to power digital bank launch in Southeast Asia
Thoughtworks helped the bank design a modular technology that facilitates rapid scaling across different markets.
Jio Financial to acquire remaining stake in Jio Payments Bank
The acquisition awaits RBI approval and is expected to close within 45 days of approval.
Societe Generale deploys Palantir tech to combat financial crime
This includes the deployment of a suite of tools built on Palantir Foundry, which incorporates analytics and machine learning.
Veefin to power Select Africa’s digital transformation
The move is said to optimise Select Africa’s lending processes and improve customer experiences.