Sumpoorna Portfolio Limited Mumbai

Cision PR Newswire | August 05, 2020

Patra, a leading provider of technology-enabled solutions for the insurance industry, received a strategic investment from SkyKnight Capital ("SkyKnight"), a San Francisco based private equity firm, and other investors. The SkyKnight investment, which closed in late 2019, will help support Patra as it continues its rapid growth, arising from the market's increasing need for technology-enabled services that bring efficiencies to insurance processing and workflows. The investment in ...

FINANCIAL MANAGEMENT

TerraPay | October 21, 2022

KCB Bank Kenya customers now have an opportunity to seamlessly receive funds from the diaspora to their accounts in Kenya, powered by a partnership with Mobex (an affiliate company of TerraPay Group, a UK-headquartered digital payments infrastructure and solutions provider). With TerraPay onboard, KCB Bank seeks to fortify its position as a key player in strengthening the global payments ecosystem by giving its customers access to simple, competitive, and faster services leveragin...

TransferWise | June 30, 2020

Financial technology firm TransferWise has obtained a license from the U.K. markets watchdog to offer retail investment services to clients. The London-based firm started life as a means of sending money internationally online. In 2018, it made a deeper push into banking by offering a “borderless” multi-currency account tied to a debit card. Users have so far deposited £2 billion ($2.5 billion) with the account. Now, TransferWise plans to launch a service that let...

CORE BANKING

Security Bank | July 05, 2022

OpenLegacy, provider of the industry’s most advanced legacy integration solution, today announced the results of its digital modernization project with Security Bank, a leading domestic universal bank in the Philippines. The modernization program, which began in late 2020, reduced time to deployment by one third, with OpenLegacy’s team averaging a complete integration every three days. A traditional modernization route can take up to one month per API, taxing internal ...