Mastercard to launch crypto-linked payment cards in the Asia Pacific
Key Insights and Signals in Banking & Financial Services
Partnership Swoop Funding partners with American Express to offer Business Credit Cards to SMEs The partnership gives SMEs access to business credit cards suited to the unique needs of business owners. Dedicated cards make it easier for small business owners to separate business transactions from personal transactions, giving them more control and visibility over the business spending. Read More>> Western Union and Mastercard expand Global Partnership The partnership expansion will broaden choice for both Western Union consumers and Mastercard business clients. First, by integrating Mastercard Send, Western Union is broadening payout possibilities. Second, Western Union customers in 16 European markets will now have the option to leverage Mastercard Send. Read More>> Visa, Kuda partner to issue physical, virtual cards The move was aimed at driving the firm’s independent payment cards offering. Kuda’s proposition of zero fees on cards, account maintenance, and transfers, as well as its low-interest credit offering, has made it particularly attractive to the millennials. Read More>> Mastercard to launch crypto-linked payment cards in the Asia Pacific Mastercard has partnered with three leading cryptocurrency companies in the Asia Pacific (APAC) as part of plans to launch crypto-backed payment cards in the region. The partners are Amber Group, CoinJar, and Bitkub. Following the partnership, consumers and merchants in the APAC region will soon obtain crypto-backed Mastercard debit, credit, and prepaid cards. Read More>>Executive Movement Cashflows appoints Elavon President Hannah Fitzsimons as CEO Hannah joins Cashflows following more than 15 years at Elavon, where she rose to the position of President and General Manager, Europe. With a wealth of finance and payments industry experience, Hannah will steer Cashflows through the next phase in its trajectory following an impressive period of growth. Read More>> Credit Suisse recruits ex HSBC, Goldman banker to run FIG Hamish Kelly, head of global banking (Australia) at HSBC, will run Credit Suisse’s financial institutions’ group coverage, overseeing its advisory and capital markets work for the big four banks, non-bank lenders, insurers, and wealth. Read More>> QIC taps new CEO to start in 2022 Kylie Rampa has been named the next CEO of Queensland Investment Corp. Ms. Rampa will join the firm in April. Ms. Rampa will come to QIC from Sydney-based real estate and investment firm Lendlease Group, where she serves as group head of investments. Ms. Rampa’s experience over a 25-year career in alternative asset segments, including real assets, as well as private and public capital markets, will leave her well placed to drive QIC’s strategy going forward. Read More>> FMCG veteran Satyam Manohar joins Paytm as Vice President Senior FMCG professional, and Ola’s top executive, Satyam Manohar, joins Paytm as Vice President. Satyam has worked at various leadership positions with FMCGs like Marico, Kellogg’s, and Nivea. Read More>>Deals and deal renewals HCL Technologies to enhance Euroclear’s digital landscape HCL Technologies will work with Euroclear to explore new business models and market opportunities and create value through innovation and data monetization. HCL will establish a co-innovation lab in Brussels (Belgium), where it will work with Euroclear on sustainable innovation to answer market problems business value. Read More>>
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Latest Industry Insights from Draup Braindesk
IoT-driven product integration, enterprise platform, and digital twins are the significant trends driving market growth and adoption.
Marshreq partnered with Comarch to improve customer experience and digitize wealth management. The partnership enables Mashreq to provide best-in-class investment reports to its clients with value-added tools to help them achieve their objectives.
The acquisition of Aptitude Investment Management by Goldman Sachs aims to manage investments through customized separate accounts and commingled hedge funds for a select group of clients.
Citi bank and Kyriba partnered to launch a new API integration to enable faster payments processing. The API integration builds upon Kyriba’s connectivity options that help finance leaders better mobilize their cash and liquidity by effortlessly bridging global financial networks.
Key Funding Alert
Neobanking startup Fi raises USD 50 Mn in funding; valuation jumps 7 times.
Fi, a Bengaluru-based neobank, has raised USD 50 Mn at a valuation of USD 315 Mn from B Capital Group, Falcon Edge, and other investors. The latest round boosted the fintech startup’s valuation by seven times over its Series A round in 2020, when it was valued at USD 45 Mn. The funding will be used to serve over a million users on its savings bank waitlist and deliver a banking experience for digital natives that reflects their personality- simple, smart, fun, and flexible. Read more>>
Company – InDebted Total Funding– USD 41.04 Mn About: InDebted develops a cloud-based debt collection software designed to offer tailored debt management tools. Its cloud collection platform leverages machine learning to understand consumer preferences for servicing overdue accounts and provides application programming interfaces (APIs) to link to customer account systems, enabling small and medium businesses to get flexible payment options. Read more>>
Latest Reports Published in Draup
Lending Tree Account Intelligence Report – Oct 2021: Lending Tree implemented an Indirect Auto Lending Platform to empower consumers with high-quality transactable loan offers that can save significant time at the dealership. Read More>>
Morning Star Account Intelligence Report – Oct 2021: The company is interested in launching a risk model solution – an investor-centric risk measurement approach for financial advisors seeking to provide more personalized investment advice. Read More>>
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