Bank and payment data fintech Ribbit acquires regtech ValidiFI
Ribbit CEO Greg Rable says bringing together the two companies is a “win-win” for both customers and Ribbit.
Banking
ICYMI funding round-up: Credit Genie, EdfaPay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Congratulations to the Banking Tech Awards USA 2023 winners!
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
FinTech Futures: Top five stories of the week – 2 June 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Three ways generative AI is being used in financial services
Explore thousands of open roles on the FinTech Futures Job Board today.
The single view of a customer
Having a single view of customer data can help banks streamline their operations.
Mambu CEO and co-founder Eugene Danilkis steps down
Mambu’s chief technology officer (CTO), Fernando Zandona, will be taking over as interim CEO.
Platinum Federal Credit Union taps Jack Henry for Symitar platform
The Symitar platform will allow PFCU to offer business payment services including ACH and wire transfers.
Meniga appoints Dheeraj Soni as its new CEO
Soni joins from mobile payments platform TPAY Mobile, where he served as chief operating officer (COO).
Banque Richelieu Monaco picks ERI’s Olympic Banking System
The project will be delivered as a Software-as-a-Service (SaaS), ERI says.
The enemy within
The world is not being eaten. It’s your margin that’s being devoured. And there’s no-one to blame but yourself.
Become a judge for PayTech Awards USA 2023
Apply to become a judge for the PayTech Awards USA 2023 today!
Digital transformations: is there a glitch in the matrix?
Complex organisational structures can greatly impact the delivery of digital transformation projects.
CaixaBank launches new app to turn Android devices into POS terminals
The solution is compatible with Visa and Mastercard and offers the same level of security as a traditional POS.
The trust that binds us
What will become of the trust that binds us when people misplace their faith in faceless algorithms?
Mastercard announced as headline partner of Open Banking Expo Canada 2023
Open Banking Expo Canada is taking place in Toronto on 15 June 2023.
Mode Eleven taps Finzly for cloud-based payments platform
Mode Eleven will now be able to facilitate high-value payments on the ACH and Fedwire networks.
US banking giants JP Morgan Chase and First Citizens cut 500 jobs each
Both banks laid off around 500 employees last week, according to media reports.
What the FinTech? | S.4 Episode 9 | The rise of bank payments
In this episode of the podcast, we’re joined by Ben Morfoot, Director of Product Management at GoCardless.
Cambodia’s Sathapana Bank taps Finbots.ai for enhanced credit risk management
CreditX will enable Sathapana Bank to build “high quality” credit risk scorecards and accelerate client onboarding.
Saudi Arabia’s D360 Bank taps Thunes to power cross-border payments
With the partnership, D360 mobile app users will be able to transfer funds to Europe, US and the Middle East.
UniCredit and Mastercard expand payments innovation partnership
The multi-year arrangement aims to deliver a single card multi-market strategy of significant scale.
Webinar: How banks can strengthen security without compromising on performance
Join FinTech Futures and Cloudflare on 14 June for a lively discussion!
B2B fintech Plastiq files for bankruptcy, enters deal with Priority
The agreement is subject to approval from the Bankruptcy Court, and any better offers Plastiq may receive.
FinTech Futures: Top five stories of the week – 26 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Crypto app Tap Global appoints David Hunter as chairman
Tap Global aims to reach £4.2 million of revenue by mid-2024.
Why is Apple taking a bite out of banking?
For Apple, maybe banking is just another brick in the wall, not the wall itself.
US banking tech provider Nymbus bags $70m Series D funding
With the funding, Nymbus plans to expand and advance its core banking system, and diversify its product portfolio.
Swedish fintech Qred lands full banking licence
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Rammis Bank live with iMAL core banking system from Azentio
Phase one of the implementation project at Rammis Bank was completed in 30 days.
Anne Boden to step down as CEO of Starling Bank
Boden will remain on the board as a non-execu director, with COO John Mountain taking over as interim CEO.
UK challenger bank Atom appoints new chairman, Lee Rochford
He will replace Bridget Rosewell when she steps down in September this year.
A radical logical conclusion
If you want to be rescued by the government, then you need to be operating as a public service utility.
US fintech Episode Six secures $48m in Series C funding
The round was led by Avenir, with participation from existing investor Anthos Capital.
US LGBTQ+ neobank Daylight to close down
The final day of Daylight’s banking operations will be 30 June.
FinovateSpring 2023: The top trends shaping the future of financial services
This year’s FinovateSpring conference has put digital transformation and innovation at the top of the agenda.
Digital banking group Tyme lands $77.8m in pre-Series C funding
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
Monese to offer “coreless” banking platform through new entity, XYB
XYB is available in the UK and Europe, with plans to also launch in North America and Asia Pacific.
HSBC unveils AI Markets for institutional investors and corporates
AI Markets “has been built from the ground up with user experience in mind”, HSBC says.
Restaurant365 lands $135m funding at unicorn valuation
The round takes the Restaurant365 valuation to over $1 billion.
