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This Week in Fintech: TFT Bi-Weekly News Roundup 13/05

The Fintech Times

Astra Tech s flagship platform Botim has partnered with Mbank , a digital bank in the UAE, to introduce the nations first fintech-integrated Jaywan card scheme. The new prepaid card service will provide Botim users with a secure, convenient and fully digital payment solution, enabling cashless transactions across the Emirates.

FinTech 59
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Wells Fargo Announces New Risk Management Hires And Strategy

PYMNTS

The new hires are part of an initiative to add five new chief risk officers (CRO), one each for the specific fields of Commercial Banking, Consumer & Small Business Banking, Corporate & Investment Banking, and Wealth & Investment Management businesses, a press release states.

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Bootstrapped Fintech Surfin Lands US$12.5M in First External Funding Round

Fintech News

It has also launched Sufinc, a credit card service in Mexico in partnership with Visa, which allows customers to make payments globally with no annual commission. Its advisory board includes Nobel Prize-winning economist Michael Spence and former SGX executive Mohamed Nasser Ismail.

FinTech 117
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SeABank Taps Visa to Bolster Its Digital Payments Offerings

Fintech News

This partnership aims to improve SeABank ‘s payment solutions, data capacity, and expertise, advancing their payment services strategy. With Visa’s support, SeABank has introduced new card lines such as Signature, SeATravel, SeALady, SeAEasy, SeAGolf, and BRG Elite, tailored for different customer segments.

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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

was established on March 31, 1987 and based in Shenzhen, China, specialising in delivering corporate and personal banking services. It concentrates on individual and corporate clients, credit card services, and small and medium enterprises. Commercial Banking offers a range of banking products and services.

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TSYS Says It Extends Capital One Agreement

PYMNTS

Credit card services provider TSYS announced Friday that it has extended its existing agreement with Capital One Financial Corp. Under the terms of that pact, TSYS will continue to provide processing services for Capital One’s North American roster of accounts, a list that spans both consumer and commercial credit card accounts.

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A List of Digital Banks in Asia

Fintech News

The bank uses analytics on real-time payments data and risk-management systems to analyse more than 3,000 variables when issuing loans. Jibun Bank offers various services such as balance inquiries, transfers, time deposits, foreign currency deposits, loans, and even public lottery tickets.