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Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv

PYMNTS

The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. As it stands, PSCU works with CUs throughout the nation and helps with more than 5.4 Shares were reportedly bought from current investors PT Koin Investama Nusantara Ltd. and PT Danadipa Artha Indonesia.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

PYMNTS

As the site reported, the plan states that stronger FinTech risk controls should be in place, and adds that FinTech can help improve the quality of financial services through the country.

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Wirecard, Ctrip Roll Out Multi-Currency Card; Missguided Launches ‘Pay Later’ Option

PYMNTS

Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. The card will support currencies from Australia, Japan and the U.S., In the U.K., ”

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The 2023 GonzoBanker Awards

Gonzobanker

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc.

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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . million customers and is the largest online bank outside of Asia. But before partaking in blockchain bacchanal …. While Nubank is far from a household name in the U.S.,

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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

Cashflo said it aims to create India’s largest invoice discounting online marketplace and will use the funding to expand its product offering and grow its team. Investors include the nation’s largest B2B eCommerce platform IndiaMart, while India Quotient and Axilor also participated. Aspire Financial Technologies.

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FDIC issues final rule on brokered deposits and interest rate limits applicable to less than well capitalized institutions

CFPB Monitor

In explaining this change, the FDIC noted that it recognizes that “a number of entities, including financial technology companies, partner with one insured depository institution to establish exclusive deposit placement arrangements. National rate cap. The FDIC will publish the national rate cap on a monthly basis.

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