Partior, the blockchain-based fintech for real-time clearing and settlement, is pleased to announce that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to USD 80 million.
Claire Ng, Product Director at Onyx by J.P. Morgan discusses how Onyx is collaborating with Fintechs like Partior to offer their customers multi-bank settlement capabilities, and offers a perspective on current trends like automation, and silo-ed versus network banking.
Partior announces the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and J.P. Morgan, Standard Chartered and Temasek as existing shareholders.
The relationship between traditional banks and newer fintech companies continues to shape the landscape. Banks provide stability through their strong infrastructure and regulatory frameworks. Fintechs, fueled by innovation and agile technology, are redefining how financial services are offered. This interaction challenges old norms and opens new avenues for collaboration and growth.