š Weekly round-up! Check out this week's latest industry update on the bank and fintech partnerships for innovation.
Strategic alliances in Payments, Lending, and Fintech Infrastructure are enabling product innovation and business model transformation in the financial services industry.
ā” Financial institution and fintech partnerships to deliver solutions for Payments.
ā” Lending was the focus of strategic alliances for bank fintech partnerships.
ā” Innovation and strategic alliances were focussed on Fintech Infrastructure.
2. NayaOne
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Treasury Prime, announced its strategic
partnership with Liberty Bank, to offer innovative
embedded banking solutions to customers in the
fintech space, through the collaboration, this
partnership focuses on fostering growth among
businesses, facilitating B2C and B2B payments,
and supporting e-commerce.
Payments
Embedded Finance & Mobile Banking
Insights
US-based Five Star Bank and payment and
accounting platform Autobooks have
partnered to launch a Tap-to-Pay on iPhone
feature for small businesses, SMEs are now
able to accept contactless payments by using
the Tap-to-Pay feature on iPhones and the
Five Star Bank Digital Banking mobile app.
3. NayaOne
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Emirates Development Bank has signed a
Memorandum of Understanding (MoU) to support
SMEs in collaboration with Trade Capital Partners,
the two entities decided to collaborate to establish
supply chain finance and working capital solutions
for Small and Medium Enterprises (SMEs).
Lending
Consumer & SME Lending
Insights
Versatile Credit, a credit aggregation for
merchants and lenders, and Nationwide
Marketing Group have launched a consumer
financing portal in collaboration with Wells
Fargo, this financing solution, named āThe
Finance Hubā, aims to reshape the consumer
financing experience by providing a
comprehensive and tailored financing
programme for a broad range of customers.
4. NayaOne
NayaOne
Insights
Cross River Bank and Current, a U.S. fintech
platform, announced the launch of a new credit
building product, the two companies will provide
access to building credit history for previously
unserved and underserved communities,
empowering individuals to improve their financial
well-being through a new secured charge card.
Danske Bank, has added DMALINK as a
platform to provide custom Scandinavian eFX
pricing to its buy-side clients, the inclusion of
Danske Bank in the DMALINK ecosystem
creates an opportunity for its buy-side clients
to access top-tier specialized liquidity across
Scandinavian currencies.
Fintech Infrastructure
Tech Modernisation & Fx Payments
5. www.nayaone.com
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NayaOne provides banks with a single point of access
to hundreds of fintechs, datasets and a
Digital Sandbox through Digital Transformation Platform
and Fintech-as-a-Service offerings.
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