Temenos (SIX: TEMN) and Bahwan CyberTek (BCT), a global digital transformation company, today announced the signing of an exclusive strategic agreement to scale Temenos' operations in India, Sri Lanka, Nepal and Bhutan. As part of the agreement, BCT will market, implement, and support all Temenos products and solutions in these countries. The agreement is exclusive for seven years, and signals Temenos' commitment to long-term growth in the region.
Concentric, the London and Copenhagen based pan-European venture capital firm, has completed the initial close of its second fund – Concentric 02. With the new fund Concentric will continue to invest at Seed+ stage, with a focus on startups that are developing non-trivial solutions to critical sectors of the economy, like financial services, logistics, real estate, industrial software, and mobility, while taking a hands-on ‘activist' approach to working with portfolio companies. Concentric 02 starts with an underlying portfolio of seven investments.
Starling Bank's business banking customers can now make Bulk Payments to multiple recipients. The new subscription service can be used to help support payroll, reimburse staff expenses or pay suppliers, all at the same time.
Next gen payment orchestration platform, Yuno, partners with AI payment intelligence expert, Fraugster to provide online merchants easy access to a range of fraud prevention, compliance and revenue uplift solutions via a single API. Companies of all sizes across Latin America continuously face challenges in managing multiple payment methods and fraud detection tools for accepting online payments leading to fragmentation, complexity, and high costs.
Australia's most connected account opening platform provider, LAB Group (“LAB” or “the Company”), is pleased to announce that it has signed a strategic integration partnership with global database verification company Kyckr Ltd (ASX: KYK).
SEBA Bank, a leading global crypto bank, simplifying access to the digital assets economy through a suite of fully regulated banking services, has today launched Ethereum staking services, an institutional-grade offering enabling clients to earn staking rewards on Ethereum, the second largest cryptocurrency by market cap.
21.co, the world's leader in providing access to crypto through simple and easy to use products, today announced a $25 million round led by Marshall Wace. This round values the business up to $2 billion, making 21.co Switzerland's largest crypto unicorn. With this round of financing, 21.co will continue to drive rapid, targeted growth through first-of-their-kind products, key market expansions and strategic talent acquisitions. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.
London-based Banking-as-a-Service (BaaS) provider Griffin has launched Verify, a customer onboarding product to assist fintechs manage crime risks and KYC and KYB automation.
