FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
Open Cross-Border Payments Product Gets a Go-Ahead From RBI
OPEN, the world’s fastest-growing digital banking enterprise on Tuesday received a go-ahead from the Reserve Bank of India (RBI) for its new cross-border payments product. This comes after OPEN completed the test phase of the second cohort under the RBI’s regulatory sandbox structure themed ‘Cross Border Payments’.
DeFi Platform Hashflow Raises $25Million Series A from Jump Crypto, Wintermute, and GSR
Decentralized finance (DeFi) trading platform Hashflow, founded in 2021, has announced it has raised $25 million in new funding bringing its valuation to $400 million. The round included returning investors Electric Capital, Dragonfly Capital Partners, LedgerPrime, and Balaji Srinivasan, along with crypto-native new investors and market participants including Jump Crypto, Wintermute Trading, GSR, Kronos Research, and Altonomy. Other investors include Coinbase Ventures, Kraken Ventures, Fabric Ventures, Evernew Capital, Spacewhale Capital, and angel investors Meltem Demirors, Anthony Sassano, and Jason Choi. This raise comes just over one year after Hashflow’s seed round of $3.2M was announced in April 2021.
Data Management and AI Automation Tools Are the Top Investment for Financial Firms, Broadridge Survey Finds
Investing in technology to better optimize data and modernize data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR). The research was compiled from a survey of 200 financial services professionals, conducted at the recent SIFMA Operations Conference in May 2022.
Airwallex launches Online Payments App on Shopify
Airwallex, a leading global fintech platform, announced the launch of its Airwallex Online Payments App on Shopify. The Airwallex Online Payments App is a payment gateway plugin that merchants can integrate on their online store to accept payments from their global customers.
Huawei Cloud Everything as a Service for Smart Finance
At the Summit, Huawei Cloud shared three trends of digital transformation in the financial industry. First, all-cloud, meaning financial organizations migrate to the cloud, starting from peripheral systems and then core systems. Second, big data and AI convergence, which ushers in a new era of intelligent governance to leverage data as assets for maximized value. Third, all-scenario intelligent connection, where the physical and virtual worlds merge to create experience-centric, inclusive finance.
