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.
Business-to-Business/B2B
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.
Japan’s 77 Bank taps Fujitsu to launch in-store banking tablets
The in-store tablets are backed by Fujitsu’s customer engagement solution Chordship.
Puerto Rico’s Arival Bank names Nishi Gupta as chief compliance officer and general counsel
Gupta joins Arival Bank from US-based consumer fintech company Eco, where he served as head of compliance.
ICYMI fintech funding round-up: Untangled Finance, Kennek and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Form3 announces leadership changes as CEO steps down
CPO Mike Walters will take over as CEO, with COO Eimear O’Connor stepping in as CPO.
UK’s FCA certifies paytech Viva Group as e-money institution
The company describes the licencing as “a significant step forward” for its position in the UK neobanking market.
Republic Bank of Arizona taps Biz2X for business lending platform
The bank wants to “make it easy for Arizona businesses to get the capital they require for growth”.
Lloyds backs Sonovate securitisation increase to £240m
The increase builds upon a £165 million deal made with BNP Paribas and M&G Investments in July.
Scottish challenger Alba Bank to migrate to Mambu’s core banking platform
Alba Bank says the migration will enable it to build products at speed to meet evolving market demands.
India’s IDBI Bank names Nehal Shah as new deputy chief technology officer
Shah will be responsible for the bank’s IT security and digital channels across various functions.
German fintech Upvest secures €30m funding and enters partnership with BlackRock
Upvest has also partnered BlackRock in a bid to make investing “more accessible” for investors across Europe.
