Core banking tech vendor Technisys acquired by SoFi Technologies
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
Banking
Extended deadline announced for Banking Tech Awards USA 2022
The new deadline for nominations is now Friday, 4 March 2022. Apply today!
Colombian neobank Plurall launches to serve LatAm’s SMEs and entrepreneurs
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
Magyar Bankholding signs Thought Machine to launch new digital bank
Hungary’s second largest bank plans to launch a new retail digital bank.
ING’s chief data officer steps down
Aniruddha Paul spent 15 years in various senior roles at ING.
Fintech funding deals globally 14 February – 20 February 2022
Featuring Neon, Flutterwave, RapidRatings, Spotter and Genesis.
Askari Bank taps Hysab Kytab for personal financial management tech integration
The integration of the PFM solution forms part of the bank’s ongoing digitisation strategy.
Permanent TSB heads to the cloud with Kyndryl
Permanent TSB recently invested €150m in enhancing its IT systems and digital capability.
Digital bank Wio set to launch in UAE following central bank approval
The digital bank will initially cater to the country’s SMEs, with a beta launch expected in Q1 2022.
FinTech Futures Jobs: Three companies that are hiring this spring
Exciting open vacancies at Hazy, Starling Bank and Monzo. Apply today!
Digital-first “bank for youth” LINC launches in Jordan
The neobank has been built by Cairo Amman Bank, a full-service bank in Jordan and Palestine.
Thailand’s Siam Commercial Bank invests $100m in digital finance platform Akulaku
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
ICYMI fintech funding round-up: Actyv.ai, MoneyHash, Novus, SJ Mobile Labs, Trace Finance, & Zand
Our weekly fintech round-up for you to get the latest funding news.
US mobile banking app Spruce launches powered by SoFi Technologies’ Galileo
The mobile banking platform has been built by H&R Block and launched on 20 January 2022.
The carbon cost of technology and what to do about it
Banks and fintechs should understand how much energy they consume to make better informed decisions.
Finovate supplement: stand out and showcase your brand to fintech professionals
Our Finovate supplements are a great way for you to gain additional brand awareness.
Equitable acquires Concentra to become Canada’s seventh largest bank
Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
Tinkoff Bank launches Russia’s first fully digital mortgage; plans Philippines expansion
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
Challenger bank Blink appoints Zein Malhas as CEO
Malhas moves from Capital Bank of Jordan, where she was chief digital officer.
NatWest and RBS to shutter 32 branches in England and Wales
The UK banking giant says it has taken steps to mitigate the impact of the closures.
UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
My favourite place
It’s not ‘doing the right thing’ if you only do it occasionally. You need to maintain high standards every day.
New digital bank D360 gets regulatory approval in Saudi Arabia
D360 becomes the third digital bank in Saudi Arabia to be licensed.
Climate First Bank on sustainability, fintech greenwashing, and fighting the climate crisis
FinTech Futures speaks to Climate First Bank’s founder, Ken LaRoe, and CTO, Marcio deOliveira.
Al Rajhi Bank Malaysia hires Ikram Khaliq to lead new digital bank offering
ARBM plans to launch its new digital bank this year.
UK challenger 3S Money partners ClearBank to offer multi-currency accounts
ClearBank and 3S Money say the partnership will support SMEs as they scale across borders.
Webinar: Leveraging open banking to gain a holistic view of your clients’ finances
Explore how open banking can help you identify and support your clients’ unique financial needs.
Neobanks: are they up to the fight?
Collectively, challenger banks are chipping away at the most profitable parts of the incumbents’ business.
Banking tech vendor Thought Machine receives £40m investment from Intesa Sanpaolo
Thought Machine’s Vault system will underpin Intesa Sanpaolo’s new digital banking service, Isybank.
Temenos goes live at Commerce Bank, makes new senior hire to drive sales
Ex-Tibco senior exec Erich Gerber joins Temenos as president and chief revenue officer.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
UK challenger Revolut secures Aussie credit licence
Revolut Australia CEO says the firm is creating the “world’s first truly global financial platform”.
The evolution of institutions: how to make banks competitive in a digital landscape
As technology has given us greater flexibility in other areas of our lives, we want those benefits from our banks too.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Danish neobank Lunar welcomes new investor – Hollywood actor Will Ferrell
Actor “excited to take part in Lunar’s mission to give people more power from their money”.
How can open banking get ahead in 2022?
A look at what the financial services industry needs to consider to accelerate the adoption of open banking.
FinTech Futures Jobs: Three great companies that are hiring right now
Exciting open vacancies at Klarna, Xero and Revolut. Apply today!
UK fintechs conduct blockchain settlement test with NatWest and Santander
Fnality, Nivaura and Adhara teamed up with NatWest and Santander for the proof-of-concept pilot.
