This week in BFS: Bitcoin to get more popular with Morgan Stanley’s investment
Latest Reports Published in Draup
Aflac Account Intelligence Report: Aflac utilizes digital technologies like AI, ML, and cybersecurity to identify internal threats and compliance use cases. Read More>>
The Bank of New York Mellon Corporation Account Intelligence Report: BNY Mellon focuses on support chatbots and automation platform to respond to cyber incidents more efficiently. Read More>>
Key Funding Alert
Pakistani fintech Safepay raises seed funding from Stripe
Safepay was founded in 2019 by Ziyad Parekh and Raza Naqvi with the aim to build digital payments solutions for Pakistani merchants. Read More>>
Startup Spotlight
Company – Yoyo Wallet HQ Location – London, United Kingdom Total Funding – USD 60.27 Mn Verticals – Banking & Financial Services About: Yoyo Wallet is a U.K.-based mobile wallet startup that enables its users to pay for their goods with their smartphones. Read More>>
Key Insights and Signals in Draup
Partnerships Legal & General completes £570 million buy-in with Deutsche Bank pension scheme The buy-in represents the first step on the Scheme’s de-risking strategy of reaching full insurance over the medium term with the objective to increase the security of members’ benefits and reduce risks for the Scheme and the Bank. Read More>> Mastercard and MTN form African mobile money partnership Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers can now unlock a host of opportunities and shop from their favorite international brands online. Read More>> Mastercard (MA), CleverCards to boost digital payments in Europe Mastercard aims to ramp up its efforts to aid an increasing number of European businesses and consumers in accepting digital payments. Read More>> Akoya adds JPMorgan Chase to its data access network The bank’s commitment to make secure data sharing available through the Akoya Data Access Network increases the scale of the network, which enables one-to-many API connections between data providers, such as financial institutions, and data recipients. Read More>> Singapore fintech partners MoneyGram for regional rollout The integration and implementation of Lightnet’s technology with MoneyGram’s money transfer services will provide customers with a wide selection of payout services across Southeast Asia. Read More>> Mastercard partners with fintech firm to launch central bank digital currency-linked prepaid card The prepaid card enables users to instantly convert the digital currency into traditional Bahamian dollars and pay for products and services anywhere Mastercard is accepted. Read More>> MSCI joins forces with Microsoft on ESG tech, analytics The investment solutions as a service approach will allow institutional investors to use next-generation technologies, advanced analytics and big data to help anticipate and address key strategic and investment challenges. Read More>>Mergers and Acquisitions Western Alliance to acquire AmeriHome for $1B With the acquisition, Western Alliance will grab full control of America’s third-largest correspondent lender from an affiliate of financial giant Apollo Global. Read More>> Indian Bank completes CBS integration with Allahabad Bank Under the integration exercise, the data of 3,000-plus branches and all channels of erstwhile Allahabad Bank were migrated seamlessly to the Indian Bank database with the help of CBS provider TCS. Read More>> JPMorgan names new leaders in north America investment banking Charlie Bouckaert and Mark Marengo are named co-heads of North America diversified industries, reporting to the region’s investment-banking head, Fernando Rivas. Read More>> EFG International appoints Enrico Piotto as chief risk officer Enrico Piotto is a seasoned finance and risk management professional with 20 years of experience in the banking industry. Read More>> Standard Chartered hires security specialist Jerome Walter has held senior security roles in Pivotal, Prudential and Natixis where he built and developed security strategies, architectures, and practices. Read More>> SBI joins JPMorgan’s blockchain-based payment network Liink is a peer-to-peer network and ecosystem operating under the umbrella of JPMorgan’s blockchain- and digital-currency-focused business, dubbed Onyx. Read More>> M&T Bank Corporation announces agreement to acquire People’s United Financial, Inc. The combined company will create a diversified, community-focused banking franchise with approximately $200 billion in assets and a network of more than 1,100 branches and over 2,000 ATMs that spans 12 states from Maine to Virginia and the District of Columbia. Read More>> Executive Movement and Signals BNP Paribas appoints Head of Middle East & Africa Amine Bel Hadj Soulami has than 30 years of banking experience and an extensive record of accomplishment in Global Markets and Sustainable Finance. Read More>> Bitcoin Market Maker GSR hires former Goldman Sachs managing director Trey Griggs will take over as the new CEO of its US division. Griggs was the former managing director at Goldman Sachs. Read More>> Fundraise and Investments Morgan Stanley investment arm looking to invest in Bitcoins Counterpoint Global, the $150 billion Morgan Stanley Investment Management investing arm, has earned its fame for winning growth stocks. Read More>> World Bank approves additional financing of us$10 million to enhance Jamaica’s business The financing will support initiatives that encourage business growth in Jamaica and strengthen the environment for private sector investment. Read More>> Product Launch Postal Savings Bank of China trials biometric cards for digital currency payments The dual payments and healthcare card incorporates a biometric sensor that enables users to verify their identity with their fingerprint and authenticate online and offline payments made using digital yuan stored in the hard wallet. Read More>> Crawford & Company introduces digital roof inspection solution Through the Crawford Inspection Services platform, adjusters can connect directly with roof inspectors who perform ladder assist and roof inspection services. Read More>> Goldman Sachs Group is launching a digital wealth-management platform Marcus Invest will allocate and rebalance customers’ wealth across portfolios of stocks and bonds. Customers can open an account with a minimum of $1,000. Read More>> ICICI Bank launches single app for all banks in India This is the first such facility in India in which user can use this app without opening an account in ICICI Bank. Read More>> Center setup and Expansion Adani Group forms equal JV with US company to build data centre parks in 6 Indian cities The Adani Group has forayed into the data centre business by forming a 50:50 joint venture with US-based EdgeConneX to build hyperscale data centre parks in the six cities. Read More>>
Here’s what’s new on our Sales Intelligence Platform View Insights in My Account
Re-introduced Sub-Vertical filter in Universe to help you discover accounts that focus on a shared niche or specialized market within a vertical
Introducing Insights in My Accounts to help you get the big picture view across the accounts in a list
View the start and end quarter information for active workflows in Outsourcing
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