FinaMaze announces the launch of its ground-breaking AI-powered robo asset manager for the MENA region. FinaMaze’s approach is centered around each investor’s persona and seeks to deliver a highly intuitive, exclusive and trusted investment experience. Inspired by Richard Thaler’s Nobel prize-winning behavioral finance, FinaMaze creates a Second Brain for each investor, a concept astutely articulated […]

The Central Bank of Sri Lanka has signed an agreement with SimCorp Asia Pacific. The CBSL will implement SimCorp’s flagship front-to-back investment platform, SimCorp Dimension, to manage the investment operation of the country’s official reserves. The agreement aims to deliver the CBSL with increased operational resilience, improved automation and strong support of the bank’s investment […]

The Monetary Authority of Singapore (MAS) announced four successful digital bank applicants. The full digital bank license was awarded to the Grab-Singtel consortium and SEA Group. The digital wholesale bank license were awarded to two entities namely; a wholly-owned entity of Ant Group and a consortium comprising of Greenland Financial Holdings, Linklogis Hong Kong, and […]

Solarisbank AG has become first bank in Germany to fully migrate to the cloud. The Bank has migrated all of its core banking systems, digital products, and databases to AWS. The cloud migration is a key part of Solarisbank’s strategy of building a product and tech platform that ensures the best possible conditions for scale […]

HNB PLC has announced that it has linked digital Payment App, SOLO, with the newly launched Lanka QR standard. The launch of Lanka QR aims to accelerate the adoption of QR code payments across the entire country and lay the foundation for the rapid expansion of digital wallets and cashless payments in Sri Lanka. “For […]

Salesforce and Slack Technologies have entered into a definitive agreement to acquire Slack in a $27.7 billion deal. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price […]

ICICI Bank has launched ‘ICICI Bank Cardless EMI’ (Equated Monthly Instalments), a fully digital mode of payment at leading retail stores.  The facility enables lakhs of its pre-approved customers to buy their favourite gadgets or home appliances just by using their mobile phone and PAN in lieu of wallet or cards. They can convert the […]

SumUp and Mastercard have teamed up to launch a new payment service tailored for Ford commercial vehicles in Germany, France, Italy, Spain and the United Kingdom. With this new solution, small business owners that typically use commercial vehicles – including food trucks, beverage suppliers, mobile florists and other tradespeople can accept card payments directly from […]

DigiBankASIA has selected Mambu as the technology foundation of its new South East Asia focused full service digital bank UNO. DigiBankASIA has selected the Philippines for its initial rollout, and is currently working with regulators to obtain the necessary license. DigiBankASIA selected Mambu’s cloud banking platform for its technology platform as the two organisations are […]

Shahzeb Memon, General Manager – Pakistan at Swvl, during conversation with Daily NewsPK elaborated on his point of view about the current economic landscape of Pakistan and shared what new initiatives are in pipeline with Swvl. 1. How do you see the overall landscape of the economy in Pakistan post-COVID-19? No easy way to say […]