This week in BFSI: Fintech startups continue to be the prime focus for portfolio expansion

Sales Newsletter
Edition: November 2020        Volume: 01
Flexible FinTech solutions help BFS players expand portfolios & push business boundaries
Visa has partnered with UAE-based NOW Money to grant low-income customers in the Gulf region access to a full service digital banking solution. Customers will receive a globally accepted Visa payment card and a zero-balance NOW Money account.

Standard Chartered embarks on a five-year personalized banking push with AWS. Standard Chartered Bank will migrate its core banking systems and customer-facing applications to the public cloud giant’s infrastructure.

PayPal’s Cryptocurrency Partner Sees 500% Surge in Trading Volume in A Month. The significant uptick in volume on the exchange follows Paxos’s itBit’s partnership with PayPal on the company’s cryptocurrency foray.

European Investment Bank backs Lithuanian fintech startup SME Finance with €80 million. SME Finance provides a fintech platform for non-banking financing in the Baltic states & will use the investment to finance its self-service factoring platform.

Stripe has just launched a carbon removal purchase tool called Stripe Climate. The tool will allow any internet business running on its platform to contribute funds towards carbon-friendly projects.

Morgan Stanley’s former head of conduct risk for the EMEA has joined Gibson, Dunn & Crutcher in the UK. As partner, Matthew Nunan will devote his practice to contentious regulatory investigations and dispute resolution in the financial services sector.

Credit Suisse automates Equities operations with Torstone. Torstone offers a scalable, cross-asset post-trade processing platform designed to support high volumes of straight-through processing for a wide range of asset classes on a modern cloud infrastructure.

Mastercard and Payment24 partner to offer a payment solution for fleet management companies. This will help them to streamline payments, create efficient transaction protocols, verify driver expenses and prevent fraud.

Société Générale has entered into an agreement with AI powered fintech Galytix to digitalize the Société Générale Corporate and Investment Banking group’s financial credit analysis processes.

Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports From
The Banking & Financial Ecosystem  
Financial Data Exchange is keen to develop use cases for the development of API to provide next-level security and privacy for consumers. Click here to read our comprehensive analysis of their strategy to develop financial data sharing solutions that help protect its customers from security breaches.  
APAC dominates Standard Chartered global technology landscape. Click here to read our comprehensive analysis of Standard Chartered Bank Singapore’s continued expansion in online applications such as wealth lending simulations, self-service, and fund selection process. 
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