PayU, one of India’s leading digital financial services providers, today announced that it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA) under the Payment Settlements Act, 2007. With this approval, PayU can start onboarding new merchants on its platform.
Ouro, a global consumer financial services and technology innovator, and Bnext, a pioneering Spanish fintech, today announced a strategic partnership designating Bnext as Ouro’s strategic issuer in Europe for Ouro’s portfolio of consumer financial brands and products.
Temenos says allegations of mismanagement made by short seller Hindenburg Research led to a temporary "lengthening of sales cycles" in the first quarter. Meanwhile, the core banking vendor has appointed former VMWare executive Jean-Pierre Brulard as CEO.