OnBuy has started a global expansion plan. The company wants to launch into more than 140 countries by the end of 2023. The plans follow after securing 5.5 million euros in a Series A funding round last June.Overall, 2020 was a successful year for OnBuy, which is on track for achieving unicorn status within the […]

Majid Al Futtaim has opened its first Carrefour store in Tashkent, Uzbekistan. The launch underlines the brand’s ambitions to respond to the growing demand for modern retail in the country, while also catering to evolving customer needs.  Carrefour introduces an elevated shopping experience to the Uzbek market through its international standards and retail best practices, […]

Avaloq and Japan-based NEC Corporation announced the closing of NEC’s acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate both companies’ long-term growth, global expansion and value creation strategy. This acquisition was first announced in October 2020, and following […]

In a new partnership with Tink, Greenly has its sights set on taking its app across Europe, and putting banks at the center of its plans to help shift behavior, by making it simple to offer a carbon tracker on individual and business bank accounts. According to Greenly, Europeans have an individual carbon footprint of […]

Australian Buy now, pay later has commenced the launch of its operations in the US market. Openpay is a fast-growing, and highly differentiated player in global BNPL payment solutions. The provider offers flexible plans in the market, focuses on industries where it can make a real difference: Automotive, Healthcare, Home Improvement, Memberships, and Education; and […]

Danske Bank has implemented AI-based technology from Quantexa, to enhance its Anti-Money Laundering (AML) monitoring and investigation capabilities. Following a pilot in 2018, the bank is now using Quantexa’s CDI platform to perform transaction monitoring on Danske’s market trading business and financial crime investigations. Quantexa’s Contextual Decision Intelligence tools has helped enhance Danske Bank’s ability to […]

SC Ventures and Northern Trust have entered into an agreement to launch Zodia Custody. Zodia enables institutions to invest in the emerging cryptocurrency assets that are transforming how financial markets operate, including transaction and settlement activities. Zodia is expected to begin operations in London in 2021. Zodia will provide custody services for the most-traded cryptocurrency assets […]

DBS has announced that it will launch full-service digital exchange which will enable Institutional Investors and Accredited Investors to tap into a fully integrated tokenization, trading and custody ecosystem for digital assets. The digital exchange will use blockchain technology to provide an ecosystem for fund raising through asset tokenisation and secondary trading of digital assets […]

UOB has pioneered an artificial intelligence (AI) anti-money laundering technology, making it Singapore’s first  bank to apply AI concurrently to two anti-money laundering (AML) risk dimensions – transaction monitoring and name screening. UOB’s new AI anti-money laundering solution helps the Bank cut through large volumes of transactions to pinpoint suspicious activities. The AI solution sieves […]

Bank of America announced the launch of a CashPro self-service tool that allows clients to have real-time visibility into their international payments. CashPro, the SWIFT gpi module brings to life a wealth of cross-border payment data facilitated by the SWIFT network. “Our payments tracking tool populates SWIFT gpi information into a view that can be […]