This month's FinTalk brims with a lot of exciting developments like the Series C Fundraise, M2P's global expansion plans, and interesting perspectives from our founders. We look back at our growth story to cherish our inspiring beginnings and also dive deep into the role of security in card transactions. And hey, don't miss out on our exclusive interview of Vijay S, our Star of the Month.
From chai conversations to $35 million series C funding, M2P has come a long way. Check out our growth story here. Read more.
RBI's latest guideline on Cash on File Transaction (COFT) has profoundly impacted payments and checkout experiences. Read our take on how tokenization saves the day. Know more.
3D Secure can help you get rid of security issues in credit card transactions and enjoy greater customer loyalty and lifetime value. A robust ACS can increase transaction success rate by 3-4% and decrease authentication time by almost 60%. Read this article to know all about 3DS and how it can help your business. Know more.
Meet Vijay, our wannabe skydiver who shares his incredible journey with M2P. Read as he tells us about his interests and his idea of a perfect day. Read more.
By 2021, Artificial Intelligence will save $1.3 billion for the insurance sector.
By 2023, the fintech market in Saudi Arabia is expected to exceed $32.8 billion.
By 2030, Blockchain will save over $27 billion for banks.
63% of insurance company CEOs believe IoT will be strategically important to their business.
Blockchain and RegTech are two of the fastest-growing segments of the fintech industry.
INDIA
Bangalore-based fintech start-up CRED has raised $251 million in a new round of financing led by existing investors Tiger Global and Falcon Edge Capital.
UK
The contactless card limit in the UK is set to increase from £45 to £100, as a host of banks update their card payment rules.
Brazil
Pismo, a Brazilian core banking and payments systems provider, has raised $108 million in Series B funding from Amazon, SoftBank, and Accel.
US
US Bank launches bitcoin custody service as institutions race to cater to crypto demand. The offering will help investment managers store private keys for bitcoin, bitcoin cash, and litecoin with the help of sub-custodian NYDIG.
MENA
More than SAR 1.3 billion ($347 million) has been invested in fintech in Saudi Arabia in the last 12 months, with the number of companies in the sector increasing by 37% last year.
In 2020, we launched our MENA operations with the UAE as headquarters. Now we have already expanded and gone live in Bahrain and Qatar. We are eyeing KSA, Kuwait, Oman, and Egypt. With Singapore as our upcoming base in SEA, we hope to extend our reach to Indonesia, Vietnam, and Cambodia.
Read what Madhusudanan R, our co-founder, has to say about using the Series C funding to expand beyond Asia and strengthen our product capabilities.
Fintech is the future of global cashless societies.
In an exclusive interview with Khaleej Times, our co-founder, Madhusudanan R, speaks about the role of fintechs in offering dynamic solutions to industry pain points. He also delves into how M2P creates a conducive ecosystem that makes fintech a key enabler for businesses.
Layering traditional core banking infrastructure with strategic controls, proactive monitoring, and alerting systems is the way to go for enhanced security.
Watch Prabhu Rangarajan, our co-founder, share his thoughts on rethinking IT and Security in the banking sector at SMEVenture's Virtual Roundtable Discussion titled "Building always on, and always available, everywhere secure IT Infrastructure."
That's it for now. See you again soon with all the need-to-know fintech updates!
Stay tuned. Stay curious.
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