Launches & announcementsMobile payments company Auka renames to Settle. The company says the change is in order to unify and best reflect its mobile payments product offering. In addition, its mission is to become the number one mobile payments platform in Europe.Emirates NBD has launched a digital supply chain financing platform for its corporate and institutional clients. It says the smartSCF platform will offer businesses in the UAE a set of integrated, automated tools designed to enhance and simplify their supply chain collaborations while also optimising working capital and reducing transaction costs.Dubai investment banking and asset management firm Shuaa Capital has unveiled three Sharia-compliant funds and already secured $75million of commitments. The three funds – Shuaa High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund – are part of Shuaa’s fund platform rolled out in Abu Dhabi’s international financial hub.Appreciate, home of Love2shop, has launched a new digital gift card that enables businesses to reward and incentivise employees and customers instantaneously. Based on Mastercard, the Love2shop Contactless digital gift card can be used online or in-store through a mobile wallet with over 80 retailers and leisure providers. Digital gift cards instantly by email, text, Facebook Messenger or WhatsApp to an unlimited number of recipients. Appreciate Group has collaborated with payments technology company CleverCards to develop the new offering to coincide with the rebrand of its B2B arm to ‘Appreciate, the home of Love2shop’.Meanwhile, fintech Galaxy and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have launched a virtual hackathon for financial inclusion and regulatory collaboration in the Arab region, the Yalla Fintech 2020 Hackathon. Winning proposals in each theme will be awarded prize money of €5,000.00 to kick start the scaling of the solution.FintechOS, the global technology provider for banks, insurance and financial services companies, has created and implemented a digital onboarding solution for OTP Bank Romania. It includes a current account available through a Mastercard debit card, with Internet and Mobile Banking services, all with zero costs to the user if the necessary sign up conditions are met. What’s more, customers no longer have to visit the bank branch in order to open an account with access to a card and internet banking services.Plus, Suguba reveals eight startups are joining its second investment readiness programme in French-speaking West Africa. Bio Agripol, Mousso, Dothan, Eneza, CinetPay, Carfics, Shop Me Away and Kamtar will be joining the L’Afrique Excelle accelerator programme.Mergers and acquisitionsNexi, an Italian PayTech leader in digital payments and SIA, the Italian and European leader in payment technology and infrastructure services, have signed a memorandum of understanding regarding the integration of the two groups through the merger by incorporation of SIA into Nexi. SIA is controlled by Cassa Depositi e Prestiti through its subsidiary CDP Equity.While, financial services network StoneX Group has completed its acquisition of online payments company Giroxx. With the name change to StoneX Financial, Giroxx is now officially integrated into StoneX’s larger global payments division.PartnershipsAccount-to-account payment solution provider Nuapay and Cybersource – Visa’s global payment management platform – have joined forces. Nuapay’s end-to-end cloud environment for collecting recurring payments has been integrated into Cybersource’s payment gateway.Charities using the goDonate platform can soon offer GoCardless as a payment method. goDonate says it has partnered with the recurring payments fintech in order to make charity donations simpler and more convenient.OakNorth Bank and ComplyAdvantage have joined forces to combat financial crime. Their partnership will ensure OakNorth is fully compliant with anti-money laundering regulations, as wel