ICYMI fintech funding round-up: Mantle, SaaScada, Rainforest and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Corporate & Commercial Banking
FinTech Futures: Top five stories of the week – 6 October 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
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.
Motive Partners to manage ABN Amro’s ventures fund as part of new partnership
The ABN Amro Ventures (AAV) fund is comprised of 15 early-stage companies and has €150m in AUM.
AP automation start-up Stampli raises $61m in Blackstone-led Series D
Existing investors Insight Partners, SignalFire, Bloomberg Beta and NextWorld Capital also participated in the round.
Video: BNP Paribas at Sibos 2023 – The global shift to T+1 settlement
At Sibos 2023, we spoke with Camille Papillard of BNP Paribas about whether T+1 will be a good fit for everyone.
Video: Anaconda at FinovateFall 2023 – Python in Excel
We chat with Albert Gashi and Timothy Hewitt of Anaconda about the firm’s partnership with Microsoft.
Finalists announced for Banking Tech Awards 2023
Take a look at the 2023 Banking Tech Awards finalists!
US Treasury Department enlists JP Morgan for account validation services
The department claims to have suffered $247 billion in financial losses last year due to “improper payments”.
Yes Bank appoints Pankaj Sharma as chief strategy and transformation officer
Prashant Kumar, managing director and CEO of Yes Bank, says Sharma’s appointment comes “at an important juncture”.
Standard Chartered strikes corporate multibank connectivity through Starfish Digital partnership
The bank’s new service seeks to benefit its corporate clients’ inter-bank connectivity and cash management processes.
US Bank seeks AI specialist in call for automation and process transformation leader
The bank says a “significant component” of the role will be to “leverage new technologies in the AI arena”.
Deutsche Börse set to take over wealthtech firm SimCorp
Deutsche Börse first announced the acquisition in April as a means of developing its investment management business.
Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
Santander reorganises structure to streamline operations
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
Bendigo and Adelaide Bank taps nCino for business banking upgrade
With nCino, the bank aims to improve efficiency and deliver a “frictionless” experience for staff and customers.
Sibos readies the industry to unlock the full force of AI
A variety of compelling panels led the event’s narrative on one of this year’s most trending topics.
Sibos 2023: “Would you like data with that?” – why ‘good’ corporate banking is now far more than just the money
We’re starting to see more FIs providing data services as part of their corporate banking offering.
Sibos dreams of a T+1 settlement utopia on eventful day three
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
Sibos 2023: Cross-border payments dominate day one of Sibos with Swift-Wise partnership announced
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
Daily News at Sibos 2023
Download your free copy of the Daily News at Sibos publication today!
BMO seeks to modernise payment flows through Modern Treasury partnership
BMO is looking to improve high-volume payment flow management for its commercial banking clients.
FinTech Futures: Top five stories of the week – 15 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Development Bank of St. Kitts and Nevis renovates core with ERI’s Olympic Banking System
The upgraded core is anticipated to attract new foreign investment to the island’s development projects.
Fintech start-up Rauva buys Banco Empresas Montepio for €30m
Rauva’s CEO and founder, Jon Fath, says the start-up is on its way to become one of Portugal’s first unicorns.
Risk management platform Certa’s twice-oversubscribed Series B raises $35m
The round was led by Fin Capital and Vertex Ventures Southeast Asia and India.
Adyen lands UK banking authorisation from FCA and PRA
The company had previously been operating in the UK under the FCA’s Temporary Permissions Regime.
US fintech Ampla secures $258m credit facility with Goldman Sachs and Atalaya
Ampla connects consumer brands with embedded banking, bill pay, growth capital and corporate card solutions.
ICYMI fintech funding round-up: GenTwo, Momnt, myZoi, Treyd, Firstcard & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
NatWest names Rick Haythornthwaite as new chair to succeed Sir Howard Davies
Haythornthwaite will officially take on the role from 15 April 2024, with Davies set to stand down.
Wamo strengthens SME services with Modulr BaaS partnership
The partnership is set to enable Wamo to broaden its business account services in the UK and EU.
BlinkPay readies New Zealand for open banking with new services
New Zealand’s four largest banks are preparing to instate open banking in May 2024.
Demystify Podcast: How fintech is revolutionising cross-border payments with Max Faldin, Silverbird
Discover why high-value cross-border payments are such an incredible opportunity for fintech.
Diego De Giorgi named as new group CFO of Standard Chartered
He succeeds Andy Halford as GCFO and GED, who is preparing to retire in August 2024.
Deutsche Bank reportedly makes contact with digital investment fintech Scalable Capital
A potential deal would align with the bank’s continued development of its wealth services over the past year.
UK sees surge in open banking payments with new monthly high
Open banking payments increased 9.3% between June and July this year.
JP Morgan Chase increases stake in Brazilian digital bank C6 to 46%
The US bank first bought a stake in C6 in June 2021.
Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages
Some offers for the Atlanta-based fintech are reportedly topping $800 million.
Goldman Sachs sells personal financial management business to Creative Planning
The move is part of the bank’s continued shift to focus on serving ultra-high-net-worth individuals.
BMO Commercial Bank taps Extend to launch corporate spend management app
BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend.
