June 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in June.
Cards
Lloyds Banking Group expands card and payments partnership with Visa in the UK
The partnership will serve the group’s Lloyds Bank, Halifax, Bank of Scotland and MBNA brands in the UK.
Commerzbank to launch digital credit cards for businesses with Pliant
The offering is expected to launch in Q3 2024.
Fintech start-up ZORRZ selects Clowd9 to process payments for new AI-powered BlueAccess credit card
ZORRZ is preparing to launch a financially inclusive credit card.
UK’s FCA imposes restrictions on e-money firm AstroPay
AstroPay blocked by the regulator from accepting new customer funds and providing payment services.
ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US rental fintech Stake acquires Circa in $9.5m deal
The cash and stock deal was completed earlier this month.
Al Etihad Payments prepares to launch new domestic card scheme in UAE this month
Network International is among the first acquirers to launch Jaywan with merchants in the UAE.
ICYMI fintech funding round-up: Fizz, Torpago, Sibill, WealthOS and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 7 June 2024
Our pick of the top fintech news stories this week includes Visa, Monzo, JP Morgan Payments, Funding Circle and more.
PayTech Awards 2024: Final call for table bookings
Don’t miss out on this opportunity to be part of an extraordinary day filled with celebration and networking.
Boost Bank officially launches its digital banking app in Malaysia
Boost Bank secured regulatory approval from Bank Negara Malaysia and the Ministry of Finance earlier this year.
Indian fintech Fibe bags $90m in Series E funding round
The investment follows the $110 million raised by the Pune-based firm in its Series D round in 2022.
Lydia selects Marqeta to power its new digital banking app Sumeria
Marqeta first partnered with Lydia Solutions in 2019 to power its peer-to-peer payments app.
Turkey’s Papara taps DriveWealth for fractional investing solution
Papara will leverage DriveWealth’s Brokerage-as-a-Service tech to launch a new US stock investment product.
Allpay and The Bank of London partner to streamline payments for the UK social housing sector
Allpay provides a range of payment channels to approximately 90% of the UK’s leading 200 housing associations.
Visa and Mastercard set to pay $197m to settle US ATM fee lawsuit
The settlement will see Visa pay $104.6m, while Mastercard will pay $92.8m.
ICYMI fintech funding round-up: Landytech, Frich Money, Swiipr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
May 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories during May.
Paymentology hires former Superscript exec Tim Joslyn as new CTO
Joslyn brings over 25 years of tech experience to the role and succeeds interim CTO James Letley.
May 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
ICYMI fintech funding round-up: Kudos, Teal, WeMoney and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK’s PSR says Visa and Mastercard face “no effective competition” for core scheme and processing services
The findings are from the regulator’s newly published interim report on scheme and processing fees for cards.
Cooperative Bank of Oromia in Ethiopia partners Mastercard for prepaid cards and Community Pass
The bank’s CEO says the partnership will deliver “secure and adaptable financial tools” to consumers.
Visa seeks to “revolutionise the card” with array of new product launches
New products include a Passkey service, Visa data tokens and the Visa Flexible Credential for payments.
ICYMI fintech funding round-up: Ekko, Layer, MNZL, Panax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech Yendo secures $165m in mix of debt financing and equity
The funding consists of $150 million in debt financing and $15 million in equity.
Avidbank partners Corserv to launch commercial credit card programme
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
President’s Choice Financial taps Temenos for retail core banking solution
PC Financial will adopt Temenos’ retail core banking solution as SaaS on Microsoft Azure.
New paytech Wink Pay launches in Lebanon in partnership with Visa and Codebase Technologies
Wink Pay offers an instant card issuance service for Visa prepaid virtual cards.
A1 Bank goes live with Avaloq’s core banking platform
The implementation of the platform was carried out by Avaloq’s partner Synpulse.
ICYMI fintech funding round-up: Fundcraft, Volta, Swypex, SAVR and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Equals Money to power Chorus TM’s new financial management platform for the music industry
Chorus TM’s next step is a full US launch, which is scheduled for the coming months.
South African fintech Lesaka snaps up Adumo in $86m deal
The acquisition is expected to be finalised in the third quarter of 2024.
PayTech Awards USA 2024 nominations are now open!
Submissions for the PayTech Awards USA 2024 are now open, with the entry deadline set for 12 July 2024.
SumUp lands €1.5bn private credit debt deal led by Goldman Sachs
The latest funding brings the total amount raised by SumUp since its inception in 2012 to over €3.2 billion.
Celebrating 25 years of innovation: Banking Tech Awards 2024 nominations now open
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
Barclays reportedly leading the race to take over GM credit card programme from Goldman Sachs
Barclays was a bidder for the programme back in 2020 before Capital One eventually sold it to Goldman.
State of play: the future of credit
Alternative data sources will be key to ensuring the future of credit is affordable, inclusive, and accessible.
White paper: Redefining banking for the digital future
Learn how to harness digital-first, on-demand banking to increase bottom lines.
