Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Tazapay in Singapore Closed Series B Extension to Back Agentic Payments
Singapore payments firm Tazapay closed a Series B extension totalling US$36 million led by Circle Ventures, with Coinbase Ventures and CMT Digital joining to back agentic payments and stablecoin rails.
United States: FTX Co-Founder Sam Bankman-Fried Applied for Trump Pardon
Sam Bankman-Fried applied for a pardon from former President Donald Trump, more than two years after his conviction over the collapse of his multi-billion dollar cryptocurrency empire, Moneyweb reported.
Singapore's Tazapay Raised US$36 Million To Back Agentic Payments and Stablecoins
Singapore-based Tazapay raised US$36 million in a Series B extension led by Circle Ventures, with Coinbase Ventures and CMT Digital joining, to develop agentic payments and stablecoin rails.
Franc said its Wealth Index showed South African women built wealth more effectively
Franc's Wealth Index, explained by CEO Dr Thomas Brennan, found that women in South Africa scored higher on indicators of financial wellbeing, including behaviour and lower financial anxiety, compared with men.
India's 121 Finance disbursed ₹10 crore through GeM Sahay to MSMEs
121 Finance disbursed ₹10 crore via the GeM Sahay scheme, delivering over 2,600 loans to more than 400 MSMEs across 173 cities and 27 states, the company said.
Vietnam Maritime Bank Cut Loan Approval Times to 15 Minutes
Vietnam Maritime Bank halved its loan turnaround time to 15 minutes after deploying FICO's AI decisioning platform with regional partner Blitz, completing the integration of AI, machine learning and rules in ten months.
Hong Kong Allocated HK$300 Million to Expand SME AI and Cybersecurity Support
Hong Kong allocated HK$300 million this year to expand its Digital Transformation Support Pilot Programme, funding SME adoption of readily available AI tools and cybersecurity solutions, Financial Secretary Paul Chan said.
ZA Bank and Industrial Bank launched Southbound Wealth Scheme for GBA investors
ZA Bank said it partnered with Industrial Bank to launch a Cross-boundary Wealth Management Connect Southbound Scheme service, becoming the first Hong Kong digital bank to offer this cross-border option.
Revolut Co-Founder Vlad Yatsenko Left CTO Post for Board Role
Revolut co-founder Vlad Yatsenko left the chief technology officer role to take a board position, with Head of Technology Donato Lucia set to assume a renamed technology leadership role, Bloomberg reported.
Revolut CTO Yatsenko Departed as Adyen and Nubank Saw C-suite Changes
Revolut's co-founder and chief technology officer, Yatsenko, left the company, coinciding with recent exits at Adyen's finance leadership and Nubank appointing a Visa veteran as its next chief financial officer.
Finastra Sold US Mid-Market Banking Unit to CORA Group in Strategic Exit
Finastra sold its US mid-market banking business to CORA Group, transferring core banking, digital banking, analytics and content management products used by US banks and credit unions.
India's WeRize secured $7 million in funding led by Sony Innovation Fund
WeRize secured $7 million in a round led by Sony Innovation Fund, with existing investor 3one4 Capital also participating, the Hindu Business Line Banking reported.