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OCBC Targets Children of Wealthy Clients with Launch of GENesis

Fintech News

OCBC GENesis is an invitation-only programme that builds on the legacy of Bank of Singapore’s next-generation programme, which has been running since 2012. The OCBC GENesis programme was initially piloted in 2019 for premier Singapore customers and has now been officially launched, including participants from Malaysia.

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SumUp Scores $306 Million in Equity and Debt to Power Global Expansion

Finovate

Bain Capital Tech Opportunities, Fin Capital, and Liquidity Capital also participated in the investment. The round was led by Sixth Street Growth and featured participation from Bain Capital Tech Opportunities, Fin Capital, and Liquidity Capital. . ” This spring, SumUp launched its multi-product subscription offering, SumUp One.

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Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

The technology supports Mastercard’s multi-currency card, and provides an infrastructure that accelerates time-to-market and deployment of new products and services. Participating in the round were HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital.

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Amazon Opens Three More Brazilian Logistics Hubs

PYMNTS

This latest expansion — Amazon’s most extensive in Brazil since its 2012 opening — will generate 1,500 jobs and add an additional 807,000 square feet of distribution space. It will feature more than 150 million products from Swedish merchants across 30 categories. . The new eCommerce site, Amazon.se, is just for Swedish shoppers.

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SumUp Secures $1.6 Billion in Private Credit Debt

Finovate

Bain Capital Tech Opportunities, Fin Capital, and Liquidity Capital also participated in that financing. “This new financing will support us as we focus on providing best-in-class support experiences for our merchants and giving them the products and tools they need to succeed.”

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New Class Action Lawsuit Alleges Plaid Violated User Privacy

PYMNTS

The California-based financial services company, founded in 2012, works to build products to power digital finance and FinTech issues through its own data transfer network. The payments giant also participated in a funding round in 2018 that helped value Plaid at $2.6 Early in 2020, Visa pledged to buy Plaid for $5.3

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Amazon Looks To Enter Luxury Fashion Space

PYMNTS

This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally started trying in 2012, but was not successful. Amazon’s new platform will give brands complete control over how the online space looks and feels, and what products they decide to sell.