Sibos 2024: The convergence of TradFi and DeFi with Chainlink – video interview
Sergey Nazarov details the latest tools and strategies for integrating blockchain technology with TradFi systems.
Business-to-Business/B2B
MDXT acquires UK data management start-up Schematiq
Schematiq’s tech allows EUC models to be controlled, governed, tested and shared through APIs.
Sibos 2024: Future-proofing data and the promise of ISO 20022
The Big Issue Debate at Sibos explored the true potential of total ISO 20022 adoption.
Sibos 2024: Real-time payments in focus with ACI Worldwide – video interview
Dive deep into the latest developments in real-time payments from across the globe with ACI Worldwide.
Banking Tech Awards USA 2025 now open for entries
The deadline for entries is 7 February 2025.
Nigeria’s OmniRetail acquires SME payments platform Traction Apps
OmniRetail is a start-up aiming to digitise traditional e-commerce through its suite of software products.
Procurement fintech Zip raises $190m Series D at $2.2bn valuation
Zip’s company value has increased 47% since its $100 million Series C last year.
Charles Schwab to phase out Institutional Intelligent Portfolios platform in favour of iRebal solution
Schwab will no longer be opening new accounts on the platform from 15 November 2024.
Zenus Bank launches global BaaS offering following Tuum tech integration
Zenus Bank says it has integrated Tuum’s Accounts and Payments modules into its tech ecosystem.
Daily News at Sibos 2024
Download your free copy of the Daily News at Sibos publication today!
Sibos 2024: A lack of payment interoperability is hurting businesses; here’s how to fix that
To achieve seamless payment interoperability, the industry needs a multi-pronged approach.
Sibos 2024: Embedded finance is driving the future of B2B commerce
Embedded finance is becoming a revolutionary force in B2B commerce.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK fintech infrastructure platform Manigo snapped up by Invex Ventures
The acquisition comes after Manigo entered administration last month.
Stripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential $1bn deal
Stripe confirmed plans to introduce stablecoin payments at the checkout in April.
Capital One commercialises AirKey authentication technology for financial institutions
75 million Capital One cards are currently equipped with the technology.
Citi and Mastercard collaborate to enable cross-border payments via debit cards
The partnership will enable cross-border payments to Mastercard debit cards in 14 receiving markets.
Wealth management firm Farther quadruples valuation with $72m Series C
The round was co-led by CapitalG, the independent growth fund of Google’s parent company Alphabet.
Aleph acquires majority stake in Argentinian PSP Localpayment
Rebranded as Localpayment by Aleph, the PSP is to launch in Africa, the Middle East and Asia.
Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked has secured a partnership with Aussie pharmacy giant Chemist Warehouse through the acquisition.
FusionIQ hires Eric Noll as new CEO upon completion of “significant new fundraising round”
Erik Oros, Timothy Powers, and Scott Ganeles will join chairman Noll as FusionIQ’s new directors.
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Tally closed in August, citing insufficient funding as the primary reason for its shutdown.
Lakeside Bank selects Volante’s PaaS for RTP processing
Lakeside is using Volante’s PaaS for Swift cross-border, RTP real-time, and FedNow instant payments.
Spendesk’s CEO to step down, replaced by Jellysmack’s Axel Demazy
Outgoing CEO Rodolphe Ardant is shifting into an advisory role.
Mercury secures $100m Natixis CIB credit warehouse to fund IO card programme
The warehouse will apply to Mercury’s credit card programme, which launched in 2022.
BBVA headed for 2025 token pilot with new Visa asset platform
The bank is leveraging Visa’s new tokenised asset platform, which launched this month.
FinTech Futures: Top five news stories of the week – 4 October 2024
Our pick of the top fintech news stories this week includes Starling Bank, Fiserv, HSBC, Monese and more.
Bank of Hangzhou partners Malaysia’s Maybank to support cross-border businesses in China
The partnership will focus on “enhancing cross-border business and advancing digital innovation”.
Ex-TNEX chief Bryan Carroll heads new Credit-Decisioning-as-a-Service start-up SMEApprove
The platform seeks to assist banks in lending to underserved SME clients across emerging markets.
HSBC launches embedded finance venture SemFi with Tradeshift
SemFi provides embedded payment, trade and financing solutions from HSBC.
Fiserv ends joint venture in Wells Fargo Merchant Services
An SEC 8-K filing says Fiserv expects to receive a “cash payment or assets” for its 40% stake in WFMS.
Rakbank joins Magnati to launch new SME financing platform in UAE
Rakbank’s underwriting will be guided by real-time transaction data created by Magnati.
Mastercard acquires Minna Technologies to upgrade subscription experience
Minna develops technology to help consumers manage subscriptions via banking apps and websites.
UK fintech infrastructure platform Manigo enters administration
Sources tell FinTech Futures that the administration was expedited when a “big project failed”.
Saudi Awwal Bank partners Singapore’s PayerMax for digital payment enhancement
PayerMax claims to support over 600 different payment methods for digital merchants.
Redpin strengthens leadership team with key additions
The newest team member is CTO Yoav Flam, formerly in the same role at HelloFresh.
September 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over September.
ICYMI fintech funding round-up: Outgo, Mifundo, Mesa, Simpler, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
PayMate nears $400m acquisition of DigiAsia’s FaaS business
PayMate plans to list on the National Stock Exchange of India following the purchase.
UK fintech Apron secures $30m in Zinal Growth-led Series B
This round builds on Apron’s $15 million Series A secured in September 2023.
