The essential buyer’s guide for risk orchestration software
Crucial insights for fintechs seeking risk orchestration platform vendors to streamline their customer lifecycle and regulatory screening.
Digital
Allica Bank reports first full year of profitability after revenues double
Allica says it has experienced a 75% increase in customer deposits to £2.6 billion.
Karma Wallet acquires sustainability marketplace DoneGood ahead of card and membership programme launch
The sustainability spending fintech is to integrate the DoneGood marketplace into its company ratings platform.
Fortis Digital Solutions lands $20m Series A for push into MENA
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
Kinsted Wealth deploys Objectway for discretionary portfolio management
President and CCO Adam Payne says the deal comes amid a need to “focus on our core business”.
The Reserve Bank of New Zealand calls for views on potential CBDC
The consultation period is due to commence on 17 April and will run until 26 July 2024.
Luxury investments platform Konvi acquires competitors Diversified and Fractible
All investments in Diversified and Fractible will be transferred to Konvi this month.
Cartoon: Spring fever
The market appears to be investing in anything that moves with the letters “AI” in it.
Ready to bloom: the rise of CBDCs in Asia
We delve into how and why Asia has surged ahead in the global race for CBDC development.
Temenos: empowering banks through core modernisation
William Moroney, Temenos: “Banks need business agility at a whole new level to keep up with market trends.”
FinTech Futures Banking Tech Insights: 11 July, London
Join us in London on 11 July 2024 for an exclusive half-day networking and panel event.
ICYMI fintech funding round-up: Toku, Tabs, Kamina, Lemon and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Fund administrator Alter Domus taps Temenos for Multifonds platform
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
EverBank strikes two new deals to digitise commercial banking and payment processing systems
The US-based bank has partnered with Backbase and banking and payments fintech Finzly.
Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures
The Berlin-based fintech now seeks to expand its cards-as-a-service product to markets beyond the EU.
Wells Fargo to integrate AI into trade finance operations with TradeSun
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
The real cost of cloud banking
Simply moving old software to the cloud will not necessarily save you much money.
UK fintech Wagestream bags £17.5m funding to expand its financial benefits offering
The fintech plans to launch a credit-builder card, loans and an AI-powered financial advice coach this year.
US neobank Mercury enters consumer banking market with Mercury Personal
Customers of Mercury’s latest offering will need to commit to a $240 annual subscription fee.
Klarna to launch credit card offering in the US “over the next few months”
The US is set to be Klarna Card’s fourth market of entry, following earlier launches in Sweden, Germany and the UK.
Digital asset neobank Keytom launches in the UAE
Keytom says it aims to help customers better manage their digital assets “in one convenient location”.
Danish paytech Flatpay bags €45m in Series B funding
Following the recent fundraise, Flatpay’s valuation has now surpassed €100 million.
What the FinTech? | S.5 Episode 6 | How Santander created Gravity – its in-house core banking platform
In this podcast episode, we’re joined by Dirk Marzluf, Chief Operating and Technology Officer at Banco Santander.
UK Finance engages Quant and R3 to support Regulated Liability Network experimentation phase
UK Finance says the experimentation phase of its Regulated Liability Network will run until summer 2024.
BharatPe names Nalin Negi as permanent CEO
Negi has acted as BharatPe’s interim CEO since Suhail Sameer’s departure last year.
UK challenger Zopa scores £15.8m pre-tax profit for 2023 as IPO nears
Zopa says revenues climbed 29.7% “despite the challenging macroeconomic environment”.
Myanmar’s KBZ Bank taps FinbotsAI for credit risk management solution
KBZ Bank is to deploy FinbotsAI’s credit modelling solution, CreditX.
Avaloq co-CEO Thomas Beck to retire, Martin Greweldinger to become sole CEO
Beck will provide support to Greweldinger in a senior advisory capacity during the transition.
SC Ventures invests in UK ethical challenger Algbra
As part of the deal, Algbra has also partnered with SC Venture’s climate-focused savings platform, Shoal.
Stripe raises $694m through share sale to provide employee liquidity
The company had previously announced the tender offer to provide employee liquidity in February.
Navy Federal Credit Union agrees new seven-year partnership with Backbase
NFCU is “continuing to standardise” with the fintech’s engagement banking platform.
Newcastle Building Society partners Zest for employee benefits tech
The platform is set to strengthen the building society’s talent acquisition efforts.
United Bank in Alabama taps Jack Henry for digital upgrade
The bank is to adopt the vendor’s LoanVantage solution and Banno Digital Platform.
Former PayPal chief Dan Schulman joins Valor Capital as managing partner
Schulman departed his role as president and CEO of PayPal at the end of last year.
Pomelo Group names Steve Vickers as new CEO
Vickers succeeds the firm’s co-founder Vincent Choi, who will join Pomelo’s strategic advisory board.
ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Salt Bank makes digital debut in Romania powered by Starling Bank’s BaaS
The challenger has leveraged Starling’s BaaS platform Engine to power the launch of its digital offering.
Video: Chipper Cash at FinovateEurope 2024 – How Africa’s growing middle market is finding power in payments
We chat with Brett Magrath of Chipper Cash about how new paytech solutions are boosting Africa’s middle market.
FloQast lands $100m Series E funding at $1.6bn valuation
FloQast claims its flagship offering, the Accounting Operations platform, serves over 2,600 accounting teams worldwide.
Alisa Bank snaps up invoice financing fintech Puro Finance to bolster SME services
Puro Finance is expected to operate as a subsidiary of the bank upon closure of the deal in May.
