ICYMI fintech funding round-up: Backflip, Ansa, Salmon, Firenze and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
API
ICYMI fintech funding round-up: Fintoc, Bokra, RockFi, Bump and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Enigmatic Smile buys Fidel API’s loyalty business
The sale, for an undisclosed sum, includes all assets associated with Fidel’s loyalty business.
Indian fintech Aurionpro bolsters AI portfolio with $16.5m takeover of Arya.ai
Arya.ai offers a cloud-based PaaS that enables enterprises to develop their own AI solutions.
Bird taps Airwallex to power international payments operations
Airwallex’s tech will power Bird’s in-house foreign exchange engine and issuing solution.
TabaPay to acquire assets of struggling BaaS fintech Synapse
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
Temenos: empowering banks through core modernisation
William Moroney, Temenos: “Banks need business agility at a whole new level to keep up with market trends.”
UK government launches open finance taskforce chaired by CFIT
The industry-led taskforce will aim to “unlock the full potential of open finance”.
UAE’s GTN names former Saxo Bank exec Damian Bunce as new Middle East CEO
Bunce brings more than 30 years of experience in forex and online securities trading to his new role.
First State Bank partners Jack Henry for core processing and digital banking platform
The bank will have access to the vendor’s network of over 950 API-integrated, third-party fintechs.
State of play: core banking
Investment in core banking technology will continue to be the utmost priority for the industry.
US-based NWSB taps Apiture to upgrade digital banking capabilities
The community bank will implement Apiture’s Digital Banking Platform offering alongside a number of other solutions.
US wealthtech NewRetirement lands $20m in Series A funding
NewRetirement says it will use the funds to scale its enterprise financial planning product.
Bolt appoints interim CEO as Maju Kuruvilla departs
Kuruvilla served as Bolt’s CEO for over two years following founder Ryan Breslow’s transition to chairman.
Missouri’s Central Bank taps Personetics for AI-powered money management solution
The bank is looking to expand its digital financial wellness offerings for its retail customers.
Demystify Podcast: Fintech partnerships with Sam Everington of Engine by Starling and Carlton Hopper of GFT
In this podcast episode, Dharmesh and Dave explore the partnership between Engine by Starling and GFT.
UK paytech Volopa partners ClearBank to expand its SME banking services
Volopa is currently applying for a UK EMI licence, which it expects to be granted this year.
Australian Payments Plus taps Swift to develop confirmation of payee service
The firms plan for the new security measure to be ready by the beginning of 2025.
US-based Central Bank taps TCS for core banking upgrade
The Missouri-headquartered bank will deploy the vendor’s flagship TCS Bancs core banking system.
Mastercard pilots new Smart Subscriptions feature in the US powered by open banking
Smart Subscriptions enables consumers to cancel, pause and resume their subscription-based payments.
Griffin receives full UK banking licence and $24m investment to spur growth
The licence approval from the FCA and PRA ends the platform’s year-long mobilisation period.
Colombia’s Yuno plots expansion following $25m Series A round
The round reportedly values the Bogotá-based fintech start-up at $150 million.
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US paytech Spreedly appoints Peter Dougherty as new president
Dougherty will oversee the firm’s go-to-market operations, including sales, marketing, and partnerships.
Treasury Prime trims workforce amid strategic pivot to focus on direct-to-bank partnerships
The pivot comes a year after the firm completed a $40 million Series C fundraising round.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
Quaint Oak Bank taps Finzly to modernise payments infrastructure
Quaint Oak aims to realise its modernisation ambitions by leveraging Finzly’s Payment Galaxy platform.
Returning to the fundamentals: BaaS as mission-critical financial infrastructure
BaaS has become a critical element in the digital transformation of global financial services.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
South Korea’s FSC announces two new initiatives to expand open banking
The two new initiatives will bring changes to how open banking data is used in the country.
Quai Digital selects WealthOS as new strategic technology partner
Quai Digital CEO Tony Webb says the collaboration will enable the company to “grow our operational capability”.
ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ozone API appoints former Virgin Money CEO Dame Jayne-Anne Gadhia as new board chair
Gadhia was CEO of Virgin Money from 2007 to 2018, where she led the acquisition of Northern Rock.
Fintech start-up Xalts grants Contour Network new lease of life with announced acquisition
Contour previously announced in October 2023 that it was to wind down operations as a result of insufficient funding.
Octopus to increase ownership stake in Seccl, co-founders David Harvey and Hugo Thorman set to depart
Octopus originally acquired the company back in 2019 in a £10 million deal.
Canada’s EQ Bank taps Trulioo for ID verification solution
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
Luzerner Kantonalbank selects Finmechanics tech for markets business overhaul
The Swiss bank is to replace its legacy system for position and risk management with FM Converge.
Trading Technologies branches out into clearing with acquisition of Ateo
The Chicago-based vendor expects to complete its acquisition of Ateo by 29 February.
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
The Frankfurt-based commercial bank has adopted the vendor’s DOKA-NG solution.
Duco acquires intelligent document processing start-up Metamaze
Metamaze’s AI-powered tech is capable of automating data extraction from a range of document types.
