Gloria Mathias

2 months ago | ibsintelligence.com | Gloria Mathias

Australia’s CommBank has entered a five-year strategic collaboration with Amazon Web Services (AWS) to continue as the bank’s preferred cloud provider. This agreement marks the next step in CommBank’s technology journey to become tomorrow’s bank today for customers. By rearchitecting a percentage of our workloads onto AWS and using cloud-native designs, we are further simplifying the bank’s technology environment.

2 months ago | ibsintelligence.com | Gloria Mathias

OMB Bank has announced the launch of OMBX, an embedded finance division designed to empower FinTechs and other digital companies with seamless banking solutions. With seven FinTech clients already operating and several more in the pipeline, OMBX is well-positioned to become the industry’s premier embedded finance partner. The launch of a dedicated website marks a significant step in OMBX’s mission to provide clients with a scalable and compliant banking infrastructure.

2 months ago | ibsintelligence.com | Gloria Mathias

Worldpay®, a global payments solution, has entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform headquartered in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of value-added solutions and enable merchants of all sizes to grow faster and protect their businesses as fraud activity accelerates globally.

2 months ago | ibsintelligence.com | Gloria Mathias

India’s payments company, Cashfree Payments, has raised $53 million (INR 450 crore) in a funding round led by Korean digital entertainment giant KRAFTON and existing investor Apis Growth Fund II, a private equity fund managed by Apis Partners Group (UK) Limited (Apis Partners). The capital will accelerate Cashfree’s payment offering and boost market outreach.

2 months ago | ibsintelligence.com | Gloria Mathias

Veefin Group (through its subsidiary Estorifi Solutions), a global working capital technology company, has announced the acquisition of TradeAssets, a Dubai-based company specialising in digital trading of trade finance assets. This move marks a step in the Group’s mission to become a one-stop shop for the financial needs of banks and financial institutions, enhancing their ability to manage liquidity, distribute risk, and access global markets.