RBL Bank and Google team up to fuel next-gen customer experiences with Cloud and data analytics.
Key Insights and Signals in Banking & Financial Services
Deal Worldline’s digital payments join Kilo Health’s expansion plans Through a blend of digital payments expertise and quality commercial infrastructure, particularly in recurring and subscription payments, Worldline’s main value proposition is to enhance and consolidate Kilo Health’s unique advantage as a digital health and wellness pioneer. Read More>> Ford inks a multi-year deal with Stripe to boost digital commerce As per the agreement, Stripe will look after the transactions for consumer vehicle orders and reservations, as well as bundled financing options for Ford’s commercial customers. Ford also has plans to use Stripe to route a customer’s payment from its website to the correct local Ford or Lincoln dealer. Read More>> SambaNova Systems set to propel OTP Bank into the age of AI The plan is to create the fastest AI supercomputer in Europe in the coming 100 days in an attempt to leapfrog both Wall Street and Western European competitors in the AI race. OTP Bank is looking to produce an AI system to be used for national research. Read More>>Partnerships MSCI enters digital assets space with Menai partnership The partnership aims to create tools for institutional investors looking to capture the blockchain and digital asset sectors. The collaboration comes in response to increased interest in digital asset subindustries in recent years. Read More>> Mastercard plans new payment technology in Nigeria with Network International The collaboration will launch a new digital payment acceptance technology that enables mobile phones to act as payment terminals for 500,000 new merchants in African and Middle Eastern countries. Read More>> InvestCloud adds a human touch to digital financial advisory with Ameriprise The partnership aims to offer personalized financial advisory to the users of Ameriprise’s financial wellness and life-planning solution, Pink. Pink leverages InvestCloud’s market-leading advice platform – InvestCloud Blue. Read More>> KT partners with Shinhan Bank to develop AI, metaverse services Under the partnership, KT and Shinhan Bank will kick off 23 projects in artificial intelligence, NFTs, and the metaverse. The two companies also plan to cooperate in fostering new digital finance services, including developing an AI call center operator specializing in finance. Read More>> RBL Bank and Google team up to fuel next-gen customer experience This partnership will enable better customer data management and analytics, allowing for effective cross-selling across the bank’s massive customer base and, as a result, significantly lowering the cost of customer acquisition. Read More>>Mergers and Acquisition Bain Capital in final talks to acquire Inetum for USD 2.27Bn The French IT services provider Inetum offers blockchain, artificial intelligence, cloud computing, IT consultancy, and infrastructure services in over 26 countries. Read More>>Executive Movement ABN Amro recruits Jorissa Neutelings as Chief Digital Officer Drawing on her broad experience in innovation and digitalization in combination with business development, Ms. Neutelings will focus on further implementing the bank’s strategy of being a personal bank in the digital age. Read More>> Earnin names Ofer Shaked as the new Chief Technology Officer In this role, Shaked will focus on optimizing existing Earnin products and innovating advanced products in development. Ofer has robust industry experience in building and enhancing platforms, along with understanding and analyzing data. Read More>>
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Latest Industry Insights from Draup Braindesk
Future of Banking and Potential Digital Opportunities
Traditional strategies to build a long-term digitalization roadmap are no longer valid. Banks have to be prepared with 360-degree agile digitalization strategies to respond to the dynamic changes in the ecosystem.
In-Branch Digitalization: Use cases are aimed at providing contactless experience and digital banking services in the branches themselves.
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Key Funding Alert
HDFC Capital raises USD 1.8 Bn fund for affordable housing financing
The fund will provide long-term, flexible funding across the lifecycle of affordable and mid-income housing projects in the development of one million affordable homes in India through a combination of financing, partnerships, and technology while focusing on sustainability. Read more>>
Startup Spotlight
Company – Scripbox Total Funding– USD 55 Mn About: Scripbox owns and operates an online investing platform that distributes mutual funds in India. The platform allows investors to buy and sell equity, debt, and tax-saving mutual funds. From future planning to tracking your investment journey, Scripbox serves all purposes. Read more>>
Latest Reports Published in Draup
UBS Group Account Intelligence Report: UBS Group intends on providing enhanced banking facilities, fiber optic solutions, easy trading, wealth management ideas, fintech solutions, order management system, home services, and real estate solutions. Read More>>
Truist Account Intelligence Report: Truist is eager to build digital solutions that enable its clients to conduct transactions securely, allowing them to take control of their money, enhance their financial confidence, and make their financial life easier. Read More>>
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