India’s YES Bank and the Abu Dhabi Global Markets (ADGM) have signed a pact to facilitate interaction between the fintech industries of India and United Arab Emirates. Under the pact, fintechs from the Middle East will be able to apply to YES’ fintech Programs, while Indian fintechs will be able to apply to ADGM’s Regulatory Lab, thus facilitating cross-border growth for fintechs from both regions. Established last year, ADGM’s Regulatory Lab lets fintechs test and launch their products for...

Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers. Terms of the transaction were not disclosed. According to a company statement: Combining FastPay’s focus on lending to media sellers and AnchorOps’ proficiency in payments and reconciliation for media buyers creates a unified platform that reduces friction and improves efficiency for the entire $600B global...

The Luxembourg Bankers’ Association (ABBL) today released a Fintech Map, essentially a directory of the country’s startup ecosystem. The directory classifies and categorizes these startups based on key areas. The purpose of the FinTech map is to facilitate increased interaction among the nation’s fintech community. See the full directory here. The Fintech map was created by ABBL’s Digital Banking and fintech Innovation Cluster. Marc Hemmerling, general counsel of digital banking, fintech and...

EXCLUSIVE – Twelve major banks joined blockchain consortium firm R3 and trade finance technology provider TradeIX on Tuesday in an initiative to develop an open account trade finance business network. The overall goal is to design a new infrastructure behind open account trade finance, and provide the appropriate tools for buyers and sellers. These tools range from trade specific APIs, technology, a sophisticated rules engine, as well as an open – standard core infrastructure for trade data,...