Germany’s Upvest embeds Deutsche Bank’s banking infrastructure to expand its product range
Upvest will provide virtual IBANs, cash management, and FX services through Deutsche Bank.
Digital
Singapore-based fintech start-up WSPN bags $30m seed funding
Founded by ex-Visa and Paxos employees, WSPN offers digital payment solutions using DLT.
Mastercard set to lay off around 3% of global workforce
A Mastercard spokesperson says the majority of the impacted employees will be notified in Q3 2024.
State of play: cybersecurity in financial services
The current cybersecurity threat landscape remains dynamic and challenging for financial services firms.
ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform
ABN Amro is streamlining its digital lending operations and strengthening its trade finance transaction monitoring.
Singapore’s Valverde taps Broadridge for investment management solution
Valverde will deploy Broadridge’s tech to support its recently launched Valverde ASEAN+ Fund.
US fintech Amount lands $30m in fresh funding to advance AI capabilities
Amount’s tech powers deposit account opening and loan origination for banks and credit unions.
CaixaBank doubles down on generative AI with launch of GalaxIA project
The new project will look to build on its GenIAl project launched late last year.
The perfection paradox and the power of pragmatism
Pursuing perfection in digital transformations often causes more problems than it solves.
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
Following the share sale, Revolut is now valued at $45 billion, up from $33 million in 2021.
Norway’s IDEX Biometrics names Catharina Eklof as new CEO
Eklof has acted as the firm’s chief commercial officer (CCO) for the past three years.
PayTech Awards USA 2024 shortlist announced
We’re excited to reveal the finalists for the PayTech Awards USA 2024.
Stellex Capital acquires Fincentric from S&P Global
The acquisition is expected to close during the first half of 2025.
Chaos Labs lands $55m Series A led by Haun Ventures
Chaos Labs will use its latest funding to develop new products and expand its risk management platform.
Volt’s co-founder and chief growth officer Jordan Lawrence steps down
Lawrence co-founded UK paytech Volt in 2019 with Tom Greenwood (CEO) and Steffen Vollert (COO).
Science Card introduces new debit card offering to help accelerate UK scientific discovery
Customers can support ongoing projects focused on dementia, cervical cancer, and kidney transplants.
Arizona’s Transact Campus snapped up by Roper Technologies in $1.6bn deal
As part of the deal, Transact Campus will merge with Roper’s CBORD business.
ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parfin, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
UAE fintech Yuze bags $30m funding to propel expansion into new markets
Yuze offers a digital financial services platform built to help simplify financial management for SMEs.
N26’s chief regulatory officer Jan Stechele to step down to “pursue new opportunities”
Chief risk officer Carina Kozole will assume Stechele’s responsibilities moving forward.
Singapore-based wealthtech Syfe lands $27m Series C funding
Syfe claims to have achieved profitability in Singapore in “early 2024”, five years after its launch.
The shifting credit landscape in the digital age
Will the concept of a credit score as we know it become obsolete?
Apple set to open up access to NFC tech to third-party app developers
Developers in the UK, the US, Australia, Brazil, Canada, Japan, and New Zealand will be able to access the tech.
North Bay Credit Union taps Sharetec for web-based core banking solution
North Bay Credit Union will deploy the vendor’s Velocity solution.
Cartoon: Testing times
AI models are still making mistakes as humans do, just different types of ‘dumb’ mistakes.
Setpoint bags $31m Series B funding to fuel research and development
The round builds on Setpoint’s $43 million Series A and takes its total capital raised to date to $76 million.
Experian snaps up behavioural analytics firm NeuroID
Experian will use NeuroID’s tech to enhance its fraud risk suite for clients.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
Demystify Podcast: Demystifying the evolution of trading technology and data centres
In this podcast episode, Dave and Dharm chat with John Bryant of Options Technology and Eleni Coldrey of Equinix.
UK start-up Sync Savings to make market debut next month
Digital bank Griffin has been revealed as the start-up’s first partner bank.
India’s Vayana secures $20.5m in Series D funding
The funds will be used to enhance Vayana’s risk management and compliance platforms.
US fintech Tally to shut down after failing to secure “necessary funding” to continue operations
The fintech had previously secured $80 million in Series D funding in 2022.
Coop set to discontinue Finance+ project, says “demand did not meet expectations”
Coop cites increased competition in the financial sector as one of the reasons behind the decision.
What the FinTech? | S.5 Episode 13 | Fintech start-ups and navigating the road to sustainable growth
In this podcast episode, we chat with Sam Edge of AWS about the current fintech start-up landscape.
French paytech Lemonway has “certain limitations” placed on its operations in Italy by Banca d’Italia
Lemonway says the Italian central bank has told it to “not engage new Italian partners”.
Pennsylvania’s Customers Bancorp hit with enforcement action by US Federal Reserve
The enforcement action follows a recent inspection and does not include a fine.
AccessPay gains two new senior directors with product and partnership focus
Graham Morgan transitions to product director, while Jim Conning becomes director of banking and alliances.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Video: Harnessing AI in financial services with IBM
IBM’s Shanker Ramamurthy and John Duigenan discuss how to overcome the hurdles around AI adoption.
National Bank of Fujairah digitises corporate banking operations with iGTB’s eMACH.ai
iGTB claims the deal marks the first deployment of the cloud-managed service in the region.
