FinTech Focus: Catch latest developments of the week

By Gloria Mathias

Social media platforms can offer insights helping FinTech and digital payments companies analyse consumer behaviour and preferences, the most critical factors in present times, as well as trends in the industry.

With the ever-evolving digital landscape, it has become imperative for financial institutions to offer services that cater to the changing needs of consumers, and channels of interaction like social media can bridge that gap.

Similarly, numerous financial technology companies utilise social media platforms to make announcements pertaining to product offerings, mergers, partnerships, and other developments to garner wider attention and better reach their target audience.

Let’s look at the top six announcements made by the FinTech bigwigs this week:

• Tamara

We’re delighted to announce our latest milestone – Tamara secures additional debt financing, led by Goldman Sachs and Shorooq Partners! Bringing Tamara’s total warehouse facility to up to $400 million, we’re accelerating innovations in payments and shopping.

• WealthKernel

We are excited to announce our first partnership with Bambu B2B Robo Advisor, the latest low-cost SaaS-based Robo-advisor technology!

This collaboration is a game-changer for Advisers and Wealth Managers, offering a fully transactional Robo-advisor technology seamlessly integrated with WealthKernel’s KYC, custody, and brokerage services—all pre-configured for your convenience.

Add your personalised branding, set custom goals, and craft tailor-made portfolios that effortlessly sync with WealthKernel’s robust infrastructure.

• Triple-A

Standard Chartered Bank-backed digital asset brokerage Zodia Markets has partnered up with us!

Our shared goal: Make digital currencies more accessible to companies in a safe and secure manner.

To shape the future of global digital-asset infrastructure, Standard Chartered Bank launched Zodia Markets alongside OSL back in 2021.

Now, Triple-A and Zodia Markets are joining forces to drive innovation in the financial sector while upholding regulatory excellence.

• Temenos

We are excited to announce our collaboration with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS), to co-develop technology solutions and foster innovation capable of powering the future of sustainable finance.

Temenos is the first core banking software vendor to collaborate with Gprnt and will join MAS and partners on the ESG Stage at the Singapore FinTech Festival 2023 to discuss the potential opportunities that Gprnt will open up to better support financial institutions’ balance sheet decarbonization, ESG risk management, and regulatory compliance needs.

• Starling Bank

We’re taking our banking platform beyond the UK to Australia and Romania! Engine by Starling, our software-as-a-service subsidiary, announced its first two clients yesterday.

The Engine team is incredibly excited to help deliver best-in-class digital banking to more markets around the world. Sam Everington, CEO of Engine by Starling, said, “Salt Bank and AMP Bank share our vision to change the banking sector for good, and we have high ambitions for what Engine’s proven platform can achieve in both regions.

• Cellulant

We’re thrilled to announce that we recently obtained the initial approval as a Payment Service Provider and Payment Facilitator in Egypt.

In a statement to the media, Ahmed Marwan, our GM for Egypt and North Africa, said, “We’re committed to intensifying our efforts to provide reliable payment options for businesses in the region. By simplifying their business payment process, they can focus on their growth.”

“Egypt is such a strategic market for business growth in MENA. We’re excited to successfully secure these licences and solidify our operations in Egypt, making our payment solutions accessible to the regional and global businesses operating in and getting into Egypt and boosting economic growth,” shared Akshay Grover