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XacBank, a leading universal bank in Mongolia, and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced the selection of Finacle’s core banking, treasury, and corporate banking solution suites to power XacBank’s digital transformation. The Finacle solution suite will enable the bank to drive all-round business transformation to improve customer engagement, operational excellence, and the flexibility to launch tailored offerings on demand, for continuous innovation and growth. Highlights: With Finacle digital core...

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The Floor, a pioneering technology provider empowering global banks to seamlessly manage their vendor offerings alongside their internal stack, today announced the appointment of Elisha Wiesel as Chairman of its Board of Directors. In his role, Wiesel will further lead The Floor toward its product vision roadmap of becoming an industry standard, expanding the company’s U.S. presence, helping steer strategic growth efforts, and driving partnership relations with banks and investors. Wiesel arrives at The Floor with his...

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HMBradley, the digital banking platform built to reward savers, today announced that it has raised $18.25 million in Series A funding based on its explosive growth. The round was led by Acrew Capital, which was an early investor in Chime (also leading its Series A) as well as Finix and Deserve. Funds will be used to ramp its credit program and continue expanding offerings built around consumer needs as HMBradley helps people save at an...

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Northstar, a fintech company that enables employers to offer financial wellness as an employee benefit, announced $10.7 million in financing, including a new $7.3 million Series A led by M13 with participation from Foundation Capital and Workday Ventures. The investment comes on the heels of breakout growth and adoption from leading employers including Zoom, ServiceTitan, and Thumbtack. Northstar makes financial guidance accessible to all individuals by reimagining it as an employer-provided benefit. The innovative platform...

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Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 02318; SSE: 601318) announced that Ping An Bank received the “Eye On Innovation Award for Financial Services 2020” from research and advisory company Gartner. Ping An Bank is the first in Mainland China’s banking industry to receive the annual award, recognizing the Bank’s capabilities in risk management and the impact of China’s fintech in Asia-Pacific. Guo Shibang, Vice President of Ping An Bank, said, “The Intelligent Risk Control Platform...

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With GTR returning to the Nordic region for its leading annual Trade Finance conference, Mitigram – born in the Nordics and today the world’s premier global platform for funding and hedging trade risks – celebrated 5 years since its official launch. Mitigram is the first digital market network for Corporates, Traders and Financial institutions.  The network was launched in 2015 with a vision to close the digitisation gap between the needs of Corporate Treasury and...

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Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr are also participating. The new investment will enable Railsbank to continue to be the global leader in Banking as a Service through the launch of Credit Cards as a Service in the USA, continued expansion in SE Asia and strengthening its business in the UK and Europe. Railsbank, the leading global Banking-as-a-Service (BaaS) platform, has raised USD37 million as part of continued...

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