Latest news with #JPMorgan-backed
News18
26-05-2025
- Business
- News18
JP Morgan-backed ISG, Bank of Baroda UAE Launch Jaywan Cards In UAE
Last Updated: JP Morgan-backed ISG has partnered with Bank of Baroda UAE to launch Jaywan Cards, enhancing local payment solutions with lower costs. JP Morgan-backed fintech venture, In-Solutions Global (ISG), has partnered with Bank of Baroda UAE to launch Jaywan Cards in the UAE. The introduction of Jaywan Cards will significantly enhance merchant acceptance by offering lower costs and fees, improved transaction controls, and a fully digitised environment for payments and reporting. This creates a more efficient and attractive solution for the UAE's evolving payments ecosystem. The Jaywan Scheme operates under defined scheme guidelines, ensuring transactions comply with the highest security and regulatory standards. The Jaywan Card seeks to simplify financial transactions using the UAE's own card network. As the card service provider, ISG will ensure high acceptance rates across various merchant categories in the UAE, including retail, hospitality, and e-commerce. Jaywan Cards offer lower transaction costs and reduce reliance on foreign card networks by enabling optimized domestic payment processing. They also promote stronger financial inclusion by encouraging the shift from cash to digital payments. Additionally, the cards ensure enhanced security and full regulatory compliance under the framework set by the Central Bank of the UAE (CBUAE). Praveen Balusu, SVP – Product & Delivery at ISG, added: 'ISG is proud to be at the forefront of fintech innovation in the UAE. By enabling end-to-end Jaywan card issuance, we are helping regional banks and financial institutions adopt a fully localized payment system that is both efficient and scalable. In future, Jaywan's interoperability with RuPay also provides a seamless cross-border experience, making it a game-changer for businesses and consumers alike" ISG has been a trusted partner for major banks across the UAE and Saudi Arabia, providing industry-leading settlement and reconciliation services. The company's deep expertise in domestic payment processing ensures seamless Jaywan implementation, enabling banks like Bank of Baroda, UAE to offer innovative and cost-efficient solutions to their customers. First Published: May 26, 2025, 13:17 IST
Technical.ly
03-04-2025
- Business
- Technical.ly
Techstars restarts its DC programming with a new health accelerator
Global investment company Techstars is teaming up with Kaiser Permanente's arm for DC, Maryland and Virginia patients to launch a new accelerator for early-stage healthcare startups. The program, called the Techstars Healthcare Accelerator powered by Permanente Medicine Mid-Atlantic States, will provide founders with mentorship, strategic resources and access to the health provider's network of nearly 1,800 physicians specializing in more than 60 medical and surgical fields. The accelerator will take place in person in DC. 'We are committed to continuously improving upon our nation-leading patient care,' Dr. Richard McCarthy, the executive medical director of the Mid-Atlantic Permanente Medical Group, said in a press release. 'Innovation is fundamental to raising the bar.' Startups working in virtual care models, predictive analytics, preventive health, chronic disease management and other health-related fields are encouraged to apply. Applications for the program open on April 8 and will be accepted through June 11. This isn't the investment and startup support firm's first step into the health tech industry. Techstars previously launched a health and artificial intelligence accelerator in Baltimore via a partnership with Johns Hopkins University and regional insurance provider CareFirst. The program welcomed its first cohort in March. Some of Techstars' other programs underwent major changes in the past year. It ended its JPMorgan-backed accelerator in DC last summer — amid a series of broader changes that saw Techstars lose 17% of its staff — and wrapped its last cohort in December. Keith Camhi, a managing director at Techstars, will lead the new accelerator in DC. He first joined the company in 2018 and led several programs on the East Coast, including the JP Morgan-backed DC program. Camhi also led Techstars' global accelerator team before becoming a managing director in 2021. Since then, he invested in and advised about 70 startups, per his LinkedIn. 'Entrepreneurs are central to transformation in healthcare,' Camhi said in a press release. 'The opportunity to collaborate with a prominent healthcare provider like Permanente Medicine, combined with Techstars' programming, capital, and network, amplifies their ability to create meaningful impact.'
