Salve Financial Hub signs for Finastra Essence to reduce payment delays
The San Marino-based fintech will deploy Finastra’s SaaS solution for high-value corporate payment processing.
The San Marino-based fintech will deploy Finastra’s SaaS solution for high-value corporate payment processing.
FedNow operates in parallel with the Federal Reserve’s existing payment services, Fedwire and FedACH.
The Swedish fintech has appointed Alexander Kassai as COO and Fredrik Strömqvist as CFO.
The Saudi bank selected TCS BaNCS to digitise its IT landscape across deposits, lending and payments.
The capital will be used to accelerate its growth in Mexico and fuel its international expansion plans.
The London-based bank payment company becomes the UK direct debit provider to Moss’ UK expansion.
The firm is setting up a new base in Luxembourg and will invest €200m in the country and across the wider EU.
The community banking platform’s FPS offering is projected to benefit 100,000 credit union members.
The US payments platform is to cut 9% of its workforce by Q3 2023.
The agreement was confirmed by the signing of a MoU in Phnom Penh, Cambodia’s capital city, this week.
Bailey’s appointment will seek to assist Silverbird in “liberating cross-border trade” for SMEs.
The pilots will seek to streamline historically cumbersome cross-border settlement processes.
The transaction is expected to close by Q1 2024, subject to regulatory approvals and closing conditions.
The firm is now the first Scandinavian fintech to hold EMI, TPP and PSP licences.
Laser says the deal will help bring cross-asset post-trade capabilities to institutional digital asset investors.
The SNB is set to launch a new wholesale CBDC pilot on the SIX digital exchange.
El Dimachki will join BIS from the Financial Conduct Authority (FCA) in the UK.
The fresh funding brings its total capital raised to almost $70 million.
We chat with Anu Somani of US Bank about how digital payments have evolved over the last few years.
ClearBank provides Allica with client money accounts and access to UK payment schemes.
Ripple’s CEO says the deal is “monumental for our growing product suite and expanding global footprint”.
Hubble was named interim CEO in February this year, taking over from Dave Sissens.
FedNow has the potential to drive innovation, broaden financial inclusion and improve cash flow.
P27 says “new requirements and regulations” have challenged its operating model.
Spiros Theodossiou joins from cloud accounting platform Dext, where he also served as CPO.
The Universal Monetary Unit (UMU) is designed to enforce banking regulations.
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
Fintech innovations combined with 5G advancements could completely transform the way we conduct trade.
According to The Irish Times, the firm’s liabilities have outstripped its assets by €2.5 million ($2.6m).
Hubble joined RTGS in April last year as its chief commercial officer.
The round was co-led by Mangrove Capital Partners and 14W Venture Capital.
Fairless joins ClearBank from savings and investment firm M&G.
Watson joins The Clearing House from Swift, and will take up the new role from 1 February 2023.
Patel joins from interbank cooperative Swift, where he was most recently head of securities.
Hewitt will lead the firm’s accounting, finance and corporate treasury operations.
Jenkins will be responsible for “all accounting, finance and corporate treasury” at the bank.
Branching into new markets brings serious challenges when it comes to managing payments on a global scale.
Knight will oversee the firm’s technology, IT operations and information security.
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
Here’s our pick of five of the top news stories from the world of finance and tech this week.