Shriram Asset Management Company (Shriram AMC), a part of Shriram Group, has announced the launch of Shriram Chhoti SIP, a low-ticket size Systematic Investment Plan (SIP) that allows investors to start investing with just ₹250 per month. This new facility will be available exclusively under the Shriram Multi Asset Allocation Fund starting August 11, 2025.

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, in collaboration with INJAZ Qatar, a leading non-profit organization focused on youth economic empowerment, has successfully concluded the 2024/25 cycle of the nationwide Life Skills Program, impacting over 27,000 students across 71 schools.

Axal, the fintech startup backed by a16z CSX and CMT Digital, has teamed up with MoonPay to launch Axal Yield, a groundbreaking savings tool that enables users worldwide to earn onchain yield effortlessly. Powered by decentralized finance (DeFi) lending and integrated with MoonPay’s new Virtual Accounts, Axal Yield combines passive income generation with full user control.

CLS, a financial market infrastructure group delivering settlement, processing and data solutions across the global FX ecosystem, announced today that OTP Bank Plc. (OTP Bank), has joined CLSSettlement as a settlement member. The Hungarian credit institution is the second new settlement member to join this year, bringing the total number of settlement members to 75.

Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, has launched the inaugural report in the Africa Digital Banking Experience Series 2025, a timely publication that explores the transformation of banking across the continent in an age of hyper-personalisation, AI integration, and financial inclusion.

InvestCloud, a global leader in wealth technology, today announced the first of a new generation of AI-enabled solutions to help advisors increase productivity and deliver greater value to clients. The new solutions, Intelligent Screening and Intelligent Meeting, are enhanced by technologies from smartKYC, the leading provider of AI-driven know your customer (KYC) risk screening and monitoring solutions, and Zocks, a privacy-first AI assistant for financial advisors.

FreeAgent, the innovative UK accounting software company, has launched a major upgrade to its award-winning platform - introducing tools to help Construction Industry Scheme (CIS) contractors manage deductions and returns, while building on its existing support for subcontractors.

Quavo, Inc. (“Quavo”), a leading technology partner and trusted advisor for financial institutions, has partnered with First City Credit Union to strengthen fraud and dispute resolution services for members affected by the LA fires. This collaboration reflects both organizations’ dedication to supporting individuals by providing seamless, protected, and accessible dispute services—regardless of their location.

The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, joining current co-chairs the African Development Bank Group (www.AfDB.org) and Mastercard in an initiative to provide digital access to critical services for 100 million individuals and businesses across Africa by 2034.

Halo Invest is pleased to announce the launch of its investment platform having received FCA approval. The proposition includes its ‘Adviser Gateway’ platform, offering advisers a light-touch, client-administrated option to efficiently service customers with more modest assets.

The fragmented approach to regulation and compliance across the globe is having a significant impact on businesses, according to BVI Finance’s Destination Digital report.

SmartSearch, the UK’s leading provider of digital compliance and anti-money laundering (AML) solutions, today announces the integration of LSEG’s (London Stock Exchange Group) World-Check One solution into its watchlist screening offering. The addition of LSEG as a data provider bolsters SmartSearch’s data coverage, joining Dow Jones Watchlist to deliver comprehensive Watchlist screening for SmartSearch customers.

Visa, a global leader in digital payments, announced that applications are open for the fifth cohort (Cohort 5) of its Visa Africa Fintech Accelerator, a 12-week intensive program designed to help startups fast-track their growth and impact. Fintechs with a minimum viable product (MVP) or a market-ready solution based in Africa are invited to apply before August 15.

Global payroll and HR company, Deel, has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission (ASIC). Deel is one of the first global HR companies to be granted this licence, which enables it to offer regulated financial services through its Australian entity.

Apiture, a leading provider of digital banking solutions, has been named a 2025 Finovate Awards finalist in the Best SMB/SME Banking Solution category. The Finovate Awards recognize the financial institutions and companies driving fintech innovation forward and the individuals bringing new ideas to life.