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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. This tech is also aimed to serve as the challenger bank or “sidecar” core offering for the digital subsidiaries of community and regional banks.

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Mastercard, EedenBull Extend Into Asia Pacific

PYMNTS

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). The card program allows financial institutions to establish commercial cards and rewards programs and to manage those accounts.

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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The money will be used to build engineering staff.

Fintech 211
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ERI CROWNED BEST OPERATIONAL EFFICIENCY SOLUTION AT THE ASIAN PRIVATE BANKER – 7TH TECHNOLOGY AWARDS

Bobsguide

ERI is proud to announce that its digital front-to-back technology platform – the OLYMPIC Banking System – has been awarded Best Operational Efficiency Solution at the Asian Private Banker-7th Technology Awards. ERI has prevailed in one of the most hotly contested categories is testimony to the strength of its cutting-edge solutions.

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APIs Streamline Cross-Border SMB Payments

PYMNTS

Managing and executing payments globally can be a sticking point, though, as companies must grapple with fund flows across banks and supply chains , where fees accrue and processing times can be slow. Comparing this industry between five years ago and now, there’s a lot of technology that makes it easier to do business,” said Wong.

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Grab Launches Microinvestment Solution, Consumer Loans, BNPL Plans

PYMNTS

Grab Financial Group (GFG), a Southeast Asia financial technology (FinTech) and ridesharing company, is expanding its reach with the announcement on Tuesday (Aug. 4) that it will offer consumer loans in Singapore along with wealth management products.

Strategy 137
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Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Besides engineering, we are investing in growing and scaling data science, analytics, and product management organizations to transform Hyderabad into a full spectrum tech site for Uber.”.