News

PayPal Holdings, Inc. will invest an additional $50m in 11 Black- and Latinx-led early-stage venture capital funds. The backed funds include Aperture Venture Capital; Collab Capital; Interlace Ventures; Kapor Capital; MaC Venture Capital; Noemis Ventures; Seae Ventures; SV LATAM Capital;...

ICICI Bank announced the launch of a unique facility of linking a UPI (Unified Payments Interface) ID to its digital wallet ’Pockets’, marking a departure from the current practice that demands such IDs be linked with a savings bank...

Temenos , the banking software company, today announced that Wise (formerly TransferWise), the global technology company on a mission to make money work without borders, is now live on Temenos MarketPlace. The addition of Wise Platform, Wise’s infrastructural solution for...

Cryptocurrency, Dubai, Dubaicoin, Digital currency, Emirates, Dogecoin, BitcoinCryptocurrency has been a hot topic over the last twelve months. Bitcoin has risen once again, soaring beyond $10,000, and hitting heights of more than $60,000. Dogecoin, a currency originally intended to be...

Crypto wallet and payment platform Zumo has launched ZumoKit, a product aiding fintechs and financial institutions to offer cryptocurrencies in a compliant way. Fintechs that use the ‘crypto as a service platform’ will be able to offer their customers a...

Financial service technology provider FIS has announced an industry-first solution that enables banks to offer their customers the ability to buy, sell, and hold bitcoin via their bank accounts. Currently, to acquire bitcoin, consumers and corporations must establish new accounts,...

State Bank of India (SBI) has launched a Video KYC (know your customer) based account opening feature on its mobile banking app – YONO. This functionality will help customers open an account with India’s largest commercial bank without having...