Arab National Bank in major upgrade of core banking system with Infosys Finacle
Arab National Bank (ANB) Upgrades to Infosys Finacle 11x:Upgrade Details:New Core Banking Solution: Infosys Finacle version 11x
Project Duration: 21 months
Staff...
OUCU Financial Credit Union to migrate to Tyfone’s nFinia digital banking platform
OUCU Financial Credit Union Migrates to Tyfone’s nFinia Platform:Credit Union Overview:Name: OUCU Financial Credit Union
Location: Ohio, USA
Assets: $483 million
Members:...
ICYMI fintech funding round-up: Kudos, Teal, WeMoney and more
Kudos Secures $10.2 Million in Series A Funding:Funding Round:Amount: $10.2 million
Led by: QED Investors
Other Participants: Patron, Samsung Next, SV Angel,...
FE fundinfo snaps up wealth management fintech Dericon
Acquisition Details:Acquirer: FE fundinfo, a UK-based financial data firm.
Target: Dericon, a wealth management fintech based in Frankfurt, Germany.
Acquisition Amount: Undisclosed....
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
LGT in Liechtenstein taps Finastra for instant payments
Partnership Announcement:Entities Involved: LGT (private banking and asset management group) and Finastra (provider of financial technology solutions).
Objective: Launch instant payment services....
Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion
Overview:Acquirer: Spanish paytech PayRetailers.
Target: Transfeera, a Brazilian platform for payment processing and bank data validation.Details of the Acquisition:Assets Acquired: Transfeera’s technology,...
Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants
Overview:Participants: Spanish banking giant Santander and payment services firm Iberpay.
Scheme: One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) by the European Payments...
Real estate investment management start-up Agora lands $34m Series B
Funding Details:Amount Raised: $34 million.
Series: B.
Lead Investor: Qumra Capital (Tel Aviv).
Additional Investors: Insight Partners and Aleph (UK-based).Company Overview:Founded: 2019.
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