By Gloria Methri
Today
- Areeba
- Bharatpe
- BharatPe Shield
FinTech continues to play a central role in transforming and reshaping the traditional contours of the financial sector. As technology becomes more intertwined with financial services, FinTech innovations are not just incremental but rather revolutionary, paving the way for improved efficiency, accessibility and innovative business models.
This week’s FinTech Focus presents a selection of the most significant developments that highlight the dynamic nature of this sector.
Let’s look up six announcements made by FinTech bigwigs this week:
CBI partners with areeba to enhance FinTech payment solutions in the UAE. This collaboration highlights areeba’s commitment to supporting FinTech and neobanks across the UAE, enabling them to seamlessly adapt to the ever-changing payments landscape. By providing a scalable and modular payment infrastructure, areeba enables its customers to accelerate the launch of their card programs and tailor their products according to their specific needs.
As part of its mission to make UPI payments more secure and hassle-free, BharatPe has launched BharatPe Shield, a comprehensive fraud protection plan designed to protect digital transactions.
Compass Plus Technologies announced a major milestone for Nepal’s largest interoperable payment network, Fonepay: the launch of Nepal’s first virtual credit card. The new solution provides secure, flexible and cost-effective digital credit options to financial institutions across the country. With two major local banks already adopting the service and a third about to join, this marks a key milestone in Fonepay’s mission to establish itself as a fully-fledged locally operated payments network in the country.
Mambu has acquired payment solutions provider Numeral, bringing together two innovative FinTech leaders to deliver exceptional banking and payment experiences. Together, the companies aim to imagine and lead the future of banking, accelerating and advancing the next generation of financial products.
PayPoint and Handepay have announced a strategic partnership with Lloyds Business & Commercial. This collaboration is a step forward towards creating additional value for UK retailers and SMEs.
Temenos added Valu-Trac Investment Management Ltd. to the Temenos Multifonds community. As a SaaS customer, Valu-Trac is poised for future growth by leveraging Multifonds across its full suite of middle, back office and transfer agency services.
Also read: Global Digital Banking Vendor and Landscape Report, Q3 2024