FinTech companies are fundamentally reshaping the financial industry, driving profound changes that go beyond mere improvements. As technology becomes deeply integrated into financial services, these innovations are transforming how we approach efficiency, accessibility, and business models. In recent FinTech Focus, we highlight key developments that showcase the vibrant and evolving landscape of this sector.
Discai
Discai has announced its collaboration with Tech Mahindra, a premier worldwide supplier of digital solutions and technology consultancy. Financial institutions can now easily improve their compliance and bolster their defense against economic crime using Tech Mahindra’s experienced IT integration and Discai’s AI-driven AML solution. Bid farewell to concerns about integration and welcome to a future with compliant AML solutions.
FlexiLoans
With the successful completion of our $35 million Series C equity fundraising transaction, FlexiLoans is pleased to announce! This accomplishment is a testament to our dedication to revolutionizing the MSME financing market and promoting the expansion of small enterprises throughout India. We are incredibly grateful to our partners, customers, investors, and the FlexiLoans family for their unwavering support and faith in our adventure.
Intellect Design Arena
Intellect Design Arena has released eMACH.ai, which is especially suited to the financial environment of Sri Lanka. This First Principles Thinking-based Composable and Intelligent Open Finance Platform, which boasts an astounding array of 329 microservices, 535 events, and over 1757 APIs, gives financial institutions in the Island Nation the ability to create future-ready solutions that will give them a competitive edge in the global market. In addition to changing the game for banks, eMACH.ai will spur Sri Lanka’s development into a major player in the global financial sector.
Thought Machine
The Thought Machine technology is now operational at Judo Bank, Australia’s first challenger bank designed specifically for small and medium-sized enterprises. In just nine months, the bank piloted its lending service for new clients after moving its lending operations from a traditional platform to Vault Core in just twelve months.
Vilja
Vilja and the multinational software company FPT Software have announced their alliance! Another significant achievement in Vilja’s global growth. NGOC ANH (Anna) PHAM, CEO of FPT Software Sweden, and Vilja CEO Fredrik Ulvenholm inked the contract last Friday at the Vietnam-Sweden Business Forum in Stockholm. Through this partnership, we will expose our state-of-the-art core banking platform to worldwide markets, starting with the rapidly expanding digital economy of Southeast Asia, by utilizing FPT Software’s extensive technological knowledge and global reach.
