Funding Circle’s ML Technology to Power Small Business Lending in New Partnership

Key Insights and Signals in Banking & Financial Services

Center Setup and Expansion
Mastercard opens a new European Tech Hub in Dublin, Ireland
The building allows Mastercard to accommodate more than 2000 people in Dublin by 2025. This new Dublin base will serve as the headquarters of Mastercard’s global research and development division. Read More>>
Eight new HDFC Bank branches open in Uttarakhand
The eight branches of the bank are in Dehradun, Haridwar, Nainital, and Udham Singh Nagar districts. Hon. CM Shri Pushkar Singh Dhami digitally inaugurated eight new HDFC Bank branches in the state. Read More>>
Prosperity Bank expands with a new facility at Utica Square
The facility will have tellers, retail, and commercial lenders, five drive-through stations, and an ATM. The roughly 10,000-square-foot, the one-story bank is scheduled to be completed by the end of the year. Read More>>
Lebanon’s USD 3 Bn deal with IMF expected to fuel ‘reform momentum,’ but difficulties persist
The preconditions set by the Washington-based lender will prove challenging because of persisting “political dysfunction and weak governance” in the country. Read More>>
Standard Chartered signs HK sustainability-linked credit facility
The Bank has agreed to provide a sustainability-linked USD trade finance credit facility and a sustainability-linked hedging arrangement for Hong Kong-based printing company Leo Paper Group. Read More>>
Funding Circle partners with Pitney Bowes
The partnership aims to provide loans to small business customers, focusing more on embedded finance than ever before. Read More>>
Mergers and Acquisition
CBN approves DLM Capital Group’s acquisition of Links microfinance bank
The bank has given final permission to DLM Capital’s acquisition of Links Microfinance Bank. The approval will further solidify the group’s much-awaited digital banking entrance and launch. Read More>>
Executive Movement
Academy Mortgage promotes COO to President
The corporation has elevated Kristi Pickering, formerly COO, to President as part of the company’s growth strategy plan. The move will give Academy CEO Mac Person more capacity to focus on growth opportunities while Pickering concentrates on the day-to-day operations of the organization. Read More>>
Republic Bank hires two Seasoned Execs to lead growth in Long Island Market
Robert McKenna will serve as Senior Vice President and Team Leader in Long Island, while Susan Aminov joins as Vice President and Regional Private Banker covering New York City and Long Island. Read More>>
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Latest Industry Insights from Draup Braindesk


Funding Alert

Investment Management Platform FundGuard closes USD 40 Mn Series B Funding
This new investment will allow FundGuard to accelerate growth and continue to attract top talent to meet the demand from asset managers and service providers. Read more>>

Startup Spotlight

Company – Celcoin
Total Funding  USD 31.13 Mn
About: Celcoin offers a platform that allows companies to connect to the financial system simply and without bureaucracy to offer innovative experiences to their customers with more than 170 clients, including banks, FinTechs, brokerages, and loyalty companies. Read more>>

Latest Reports Published in Draup

Punjab & Sind Bank – Account Intelligence Report
Punjab & Sind Bank focuses on MSME and Priority Sector Housing Loans to improve the flow of credit to the unserved and underserved sectors of the economy. Read More>>
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