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/regulation

Revolut granted access to Israeli payment rails

The Bank of Israel has announced the issuance of an identification code to a second global fintech company that has chosen to operate in Israel as a participant in a controlled payment system – Revolut Ltd.

/startups

Transaction banking startup Transbnk raises $4 million

TransBnk, a Mumbai based Transaction Banking Platform, has successfully raised $4 million in Series A funding. The round was led by 8i Ventures, the early-stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, among others.

/crypto

Tether invests $3 million in Kuwaiti P2P payments app Kem

Kem, the fastest-growing P2P payment app in Kuwait, has received a $3 million investment from Tether, the largest company in the digital asset industry.

/crypto

Yellow Card engages Fireblocks to streamline cross-border transactions

Yellow Card, Africa's leading stablecoin on/off ramp, has announced that it is integrating digital asset infrastructure provider Fireblocks to improve cross-border transactions for both businesses and individuals.

/people

Mastercard appoints Winnie Wong as country manager for Thailand and Myanmar

Based in Bangkok, Winnie will oversee all Mastercard activities in the two markets, including business development, implementation of innovative, safe, and smart payments solutions for businesses and consumers, as well as the growth and delivery of commercial solutions to corporations and SMEs.

/people

Houlihan Lokey hires senior software engineer Geoff Rhizor

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Geoff Rhizor has joined as a Managing Director. Based in San Francisco, Mr. Rhizor will join the Technology Group where he will focus on the social impact/nonprofit and office of the CFO software sectors and will collaborate with members of the FinTech Group in the latter.

/payments

Alipay adds 16 new languages to app

As Chinese inbound tourism gains momentum with the extension of its visa-free policy to more countries and the recovery of international flights, Alipay, the leading digital payment and lifestyle platform in China, now supports 16 languages on its App, further enhancing the travel experience of international tourists exploring China.

/sustainable

Zumo joins the Abu Dhabi Sustainable Finance Declaration

Zumo, the B2B digital assets infrastructure, has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing its commitment to a greener financial services industry as it extends its reach further into the region.

/wholesale

Upvest embeds with Deutsche Bank

European investment infrastructure provider Upvest has entered into a partnership with Deutsche Bank, one of the world’s leading financial services providers.

/ai

Treasury Prime teams with Kobalt Labs to add AI-based compliance to network

Treasury Prime, a leading embedded banking software company, announced today the addition of Kobalt Labs, an AI-powered copilot for risk and compliance teams, to the Treasury Prime Partner Marketplace.

/wholesale

ABN Amro goes live on nCino banking platform

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that ABN AMRO, one of the largest banks in the Netherlands, is live on nCino’s Cloud Banking Platform.

/retail

Nubank hails massive growth in Mexico

Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company’s international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits.

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