TAS appoints former Accenture executive Fabio Benasso as president
A long-standing Accenture employee, Benasso began his career at the software firm in 1984.
Business-to-Business/B2B
UK agriculture-focused challenger Oxbury Bank lands £100m from British Business Bank
Oxbury Bank provides flexible lending and asset finance solutions specifically for the needs of farming businesses.
Qatar’s CQUR Bank partners Finastra to power new online corporate banking portal
The bank’s new portal will service its corporate clients with digital workflows and host-to-host integration solutions.
Wealthtech platform Allfunds appoints former Citi exec Antonio Varela as new COO
Varela previously spent more than 16 years at Credit Suisse in a number of senior tech-focused positions.
Abe Kuruvilla joins ACI Worldwide as chief technology officer
Kuruvilla joins the company from CoreLogic, where he served as chief information officer.
South African paytech Stanchion Payments names ex-Synthesis exec Pierre Aurel as new CPO
Aurel previously served as head of payments and cryptography at South Africa-based Synthesis Software Technologies.
Brazil’s QI Tech raises $200m in Series B funding round
The cash will be put towards product development and exploring merger and acquisition opportunities.
BNPL fintech Tabby lands $200m Series D at $1.5bn valuation ahead of planned IPO
Tabby claims it has become the Middle East’s first fintech unicorn ahead of its planned IPO in Saudi Arabia.
Mangopay secures UK EMI licence from the FCA
The authorisation will enable Mangopay to offer its full suite of services to new and existing UK customers.
Chloé Mayenobe joins paytech Thunes as chief operating officer
Mayenobe’s appointment follows the company’s $72 million Series C funding round.
The Clearing House names Margaret Weichert as new chief product officer
Weichert joins TCH from Accenture, where she served as managing director, North America payments lead.
UK fintech Railsr gets back on track with $24m funding
The capital came from existing investors including D Squared Capital and Moneta Venture Capital.
LSEG ditches legacy finance systems for Oracle Cloud
The group aims to make use of Oracle’s enterprise performance management and planning functions.
Stax Payments expands tech stack with APPS acquisition
APPS’ CEO Abe Maghaguian and COO Sarah Gerald will join the Stax leadership team as part of the deal.
Saudi fintech Hala names former Revolut exec Saleem Arshad as CTO
Hala says Arshad’s experience will be “pivotal” to its expansion efforts in the UK and Europe.
Singapore’s YouTrip eyes international expansion following $50m Series B raise
The latest cash injection brings YouTrip’s total funding to date to over $100 million.
French paytech Worldline’s shares tumble after company revises guidance
Worldline says it now expects 6% to 7% in organic revenue growth, as opposed to its previous forecast of 8% to 10%.
Exclusive: Monese drops Thought Machine’s core banking solution Vault in favour of homegrown XYB platform
Monese’s Santosh Radhakrishnan and Bhavik Sanghvi discuss the reasons behind the switch with FinTech Futures.
German funds servicer Universal Investment names Francesca McDonagh as group CEO
McDonagh is to assume the position from 1 January 2024, taking over from interim group CEO David Blumer.
US fintech start-up Aleph emerges from stealth with $16.7m funding
The round was led by Bain Capital Ventures, with participation from existing backers, angel investors and customers.
US Bank subsidiary Elavon lands UK banking authorisation
With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
National Australia Bank partners Greener to reduce small business climate emissions
Greener’s business solution was launched earlier this month following its seed funding round.
Brookfield appoints Ron Kalifa as vice chair and head of financial infrastructure
Brookfield says Kalifa’s appointment allows it to “increase our footprint” in the payments arena.
Scottish challenger Alba Bank taps ClearBank for SME payment management
With the ClearBank partnership, Alba Bank aims to offer “near real-time payments” to its customers.
UK paytech Thredd appoints Jim McCarthy as new CEO
McCarthy joined Thredd in January this year as executive vice president – global head of product and sales.
UK’s FCA places partner onboarding restrictions on embedded payments platform Modulr
Modulr is working to ensure it meets evolving regulatory requirements following a period of growth.
ClearBank designates Jonny Fry as digital assets strategy lead
In his new role, Fry will be tasked with developing the bank’s position within the digital assets market.
Turkish fintech Figopara taps Provenir to automate risk decisioning
The partnership comes as Figopara gears up for a “significant” international expansion push.
Citi taps Navan to launch travel and expense system for commercial clients
The new system will initially only be available to US-based commercial clients.
UK lendtech Uncapped lands £200m debt facility as it eyes international expansion
With the new facility, Uncapped aims to expand its reach and provide more digital businesses with access to financing.
Generali Investments’ holding company taps Fenergo for AML compliance
Through the partnership, Generali Investments Holding will utilise Fenergo’s client lifecycle management solution.
Open banking fintech Plaid names Eric Hart as first chief financial officer
Hart joins Plaid from Expedia where he served for more than 13 years, most recently as CFO.
US regional bank United Community partners Allied Payment Network for real-time payments
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
Indian fintech Aurionpro acquires loan management system Omnifin for $9.8m
Aurionpro says the deal “significantly accelerates” its ambitions to take its lending solutions into new markets.
Bud Financial bolsters leadership team with two new senior hires
Rachel Fairhurst joins as VP of credit risk and client success and Jakub Piotrowski as VP of product.
Canada’s Procurify lands $50m in Series C funding round
The round was led by Ten Coves Capital and brings Procurify’s total equity funding to more than $70m to date.
Iwoca lands £200m debt facility from Barclays and Värde Partners
With the new facility, Iwoca plans to meet the “growing demand” among SMEs for working capital.
UAE’s central bank launches Aani, a new instant payments platform
Aani enables transactions to be processed “instantly and securely” at any given time.
Ally Financial CEO Jeffrey Brown to step down
Brown is due to depart the Michigan-based online bank on 31 January 2024.
Finland’s Aktia Bank goes live with Temenos Payments Hub
The bank first began working with Temenos six years ago, when it adopted its T24 core banking system.
