National Australia Bank taps US fintech Trovata to launch new treasury solution
The bank’s venture capital fund previously participated in Trovata’s $27 million Series B in June 2022.
The bank’s venture capital fund previously participated in Trovata’s $27 million Series B in June 2022.
With the Care Card, patients can access PayZen’s post-service payment plans through a physical and virtual debit card.
It plans to develop its proprietary Brite Instant Payments Network that facilitates 24/7 “instant” processing.
PayPal Ventures, CRE Venture Capital and The Raba Partnership also participated.
The move is not expected to result in job losses.
The initiative will be led by Visa Ventures, the global payment giant’s corporate investment arm.
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
The UK-based cryptocurrency app intends to complete its US expansion by Q4 2023.
The launch comes seven months after Lloyds Banking Group made a £10 million investment in Yoti.
The fintech reportedly allowed funds to be released from accounts which were flagged as suspicious by the National Crime Agency (NCA).
The news follows a year after the crypto heavyweight received its In Principle Approval (IPA) from MAS.
The project was completed between BIS, Banque de France, MAS and the Swiss National Bank.
The round also saw participation from existing investors Valar Ventures and Nazca Ventures.
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies in the UK.
The New York-based firm intends to invest the funding into its wealth management portal and talent.
The partnership intends to accelerate the pace of digital banking transformation throughout the Levant region.
Marco Tedone, the firm’s new CTO, spent almost 12 years leading API strategy for HSBC.
With the new funding, Traydstream plans to double down on its growth and enhance its AI-led platform.
The investment follows one year after PortX raised $10 million in its Series A funding round.
Slope plans to leverage new investor Sam Altman’s “extensive” AI experience to scale its platform.
The department claims to have suffered $247 billion in financial losses last year due to “improper payments”.
Prashant Kumar, managing director and CEO of Yes Bank, says Sharma’s appointment comes “at an important juncture”.
XYB was launched by London-based banking services provider Monese back in May.
The bank’s new service seeks to benefit its corporate clients’ inter-bank connectivity and cash management processes.
White is currently serving as CEO at Galileo Financial Technologies, a US-based payments and banking platform.
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
Deutsche Börse first announced the acquisition in April as a means of developing its investment management business.
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
Hogg describes Consumer Duty compliance as “a comprehensive, multifaceted obligation that demands a nuanced approach”.
Bringing more than 25 years of experience to his new role, Jaffer joins SmartStream from Finastra.
According to the Financial Times, Solaris is looking to raise €100m to fulfil its credit card deal with ADAC.
It is the fifth industry partnership for Amlyze this year and succeeds its $1 million pre-seed funding round in May.
With a career spanning more than 15 years, Bell brings a “rare wealth of experience” to her new role, Rimes says.
The round was led by Framework Venture Partners, with participation from additional investors.
Keller joins Onfido from Europe’s Visable Group, where he served as CTO for over six years.
With nCino, the bank aims to improve efficiency and deliver a “frictionless” experience for staff and customers.