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/markets

Temenos sells Multifonds for $400 million

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.

/crypto

Standard Chartered predicts bitcoin will hit $500,000 in the next three years

Standard Chartered's head of digital assets Geoffrey Kendrick is forecasting that bitcoin could hit a high of $500,000 over the next three years.

/payments

Bank of Papua New Guinea completes field trials of Digital Kina CBDC

The Bank of Papua New Guinea has marked the successful completion of field trials for the country’s Central Bank Digital Currency (CBDC).

/payments

Irish fintech ZeroRisk raises $4 million

ZeroRisk, an Irish provider of compliance and cyber risk management tools for the payment industry, has raised $4 million in a funding round led by Elkstone.

/payments

Australia's banks urge Parliament to regulate mobile wallets

Australia's banks are urging the government to swiftly pass legislation that will ensure the country's payments regulatory framework remains fit-for-purpose as digital payments continue to skyrocket.

/payments

Fico to add BNPL data to credit scores

Following a year-long study with Affirm, Fico is planning to add buy now, pay later data to its credit scores.

/cloud

CommBank signs five-year deal with AWS

CommBank has entered a five-year deal with Amazon Web Services (AWS) to continue as the bank’s preferred cloud provider.

/wholesale

BMO brings embedded finance to business ERP systems

Canada's BMO has teamed up with embedded banking specialist Fispan to let business clients integrate their online accounts directly into Enterprise Resource Planning (ERP) and accounting systems.

/people

Lunar hires Nanna Bergmann to lead BaaS spinoff

Nordic challenger Lunar has appointed The Bank of London's Nanna Bergmann to lead Moonrise, its newly established standalone Banking-as-a-Service entity.

/retail

Egypt's Khazna to apply for banking licence after securing $16 million in pre-Series B

Khazna, an Egypt-based fintech that offers financial services to underserved segments, has raised a $16 million pre-Series B funding round as it prepares to apply for a digital banking licence.

/payments

Cashfree Payments raises $53 million

India's Cashfree Payments has raised $53 million in a funding round led by Korean digital entertainmnet platform Krafton, alongside existing backer Apis Partners.

/ai

Worldpay to buy fraud prevention platform Ravelin

Payments giant Worldpay has struck a deal to buy AI-native enterprise fraud prevention platform Ravelin. Financial terms were not disclosed.