Banking

US-based digital payments company Visa has agreed to acquire Brazilian payments infrastructure startup Pismo, for a total consideration of $1bn. Pismo is a technology company that provides an all-in-one processing platform for banking, payments, and financial markets infrastructure. Its payment platform...

Mbanq, the USA-based fintech innovator and global Banking-as-a-Service (BaaS) provider, has announced that Cheqly, a fintech that makes banking simple for startups, has launched utilizing Mbanq’s BaaS platform. With this partnership, Cheqly provides its customers with an improved banking...

HSBC has set-up its Global Private Banking (GPB) business in India, to serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals, entrepreneurs, and their families. Through the new business unit, HSBC targets clients with investable assets of more than $2m. The bank aims...

The banking industry has witnessed significant transformations in past years, driven by advancements in technology and changing consumer expectations. Next generation core banking solutions are designed to meet these changing demands and provide banks with the agility and flexibility...

In a recent development, the World Bank board of executive directors has given the go-ahead to $1.5 billion in funding to speed up low-carbon energy development in India. A statement rolled out by the World Bank said that the funding...

Oracle has launched new cloud-native services that can help banks strengthen their finance and risk management processes to reflect their target risk appetite and limit exposure. The four new services provide banks with highly scalable profitability management and customer analytics, funds transfer pricing, asset...

Avaloq, a subsidiary of NEC Corporation, and BlackRock, through its Aladdin Wealth business, have entered a partnership aimed at enhancing their investment technology solutions for wealth managers and private banks. As part of the partnership, BlackRock is making a...