US neobank Dave achieves profitability over Q4 2023
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Digital
Demystify Podcast: Next-generation financial services with Charlie Platt of SAP Fioneer
In this podcast episode, Dharmesh and Dave talk with Charlie Platt, Managing Director of Banking at SAP Fioneer.
Enfuce appoints new CPTO to help accelerate global expansion plans
Enfuce recently appointed Laurence Krieger as chairman of its UK board and was granted a UK EMI licence.
UK fintech Ebury reportedly in talks with banks over potential 2025 LSE debut
Sources tell Bloomberg the payment platform could list in London next year with a valuation of up to £2 billion.
Egypt’s Alexbank partners Mastercard to advance payments strategy
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Qatar Central Bank to enable instant payments with new Fawran service
Fawran is due to launch in March and forms part of the bank’s Third Financial Sector strategy, announced last year.
Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
US paytech Spreedly appoints Peter Dougherty as new president
Dougherty will oversee the firm’s go-to-market operations, including sales, marketing, and partnerships.
Mexico’s Ziff acquires digital lending start-up Arrenda
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
Deel acquires Africa-based payroll company PaySpace
Deel says it has also surpassed $500 million in annual recurring revenue since its inception in 2019.
Banking Technology Magazine March 2024 issue out now
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
BaaS vendor Synctera lands additional $18.6m Series A cash injection
Going forward into 2024, Synctera plans to launch its new payment product SyncteraPay.
Monzo’s valuation tops $5bn with $430m Alphabet-led funding round
The round was led by Alphabet’s independent growth fund, CapitalG.
GFT Technologies names Ian Oswald as new executive director
Oswald joins GFT from EY, where he was a partner in the company’s technology consulting team.
PayPal extends payment options for online SMEs with new solution
PayPal Complete Payments launches this week to online sellers in 22 markets worldwide.
California’s Edwards Federal Credit Union taps Apiture for consumer banking solution
The 62-year-old credit union has around 12,500 members across California’s Antelope Valley region.
UK payments platform Thredd appoints Edwin Poot as new global CTO
Poot joins directly from Dayrize, where he has been serving as chief product and technology officer.
What the FinTech? | S.5 Episode 3 | Quantum computing in financial services
In this episode of the podcast, we’re joined by Dr Philip Intallura, Head of Quantum Technologies at HSBC.
Avenue Bank lands full banking licence from Australian Prudential Regulation Authority
The approval comes less than three years after the bank was first awarded a restricted banking licence.
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
OTP Bank partners Iliad Solutions for payments testing platform
The Budapest-based bank is to leverage its new partner’s payments testing and certification platform, t3.
Mexican microlending start-up Baubap secures $120m in debt financing
The fintech intends to leverage the debt financing to extend its lines of credit to the underserved.
ICYMI fintech funding round-up: Embat, Slice, NayaOne, MoneyHash and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK wealthtech start-up Sidekick debuts new wealth management app
The recent launch became feasible after the start-up secured £3.3 million in pre-seed funding in 2022.
The history of banking technology vs the history of banking experience
Over time, the transactional aspects of banking have been solved, but not the emotional ones.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
FinovateEurope 2024: Digital transformation, shifting customer expectations and Africa’s fintech growth
Influential figures from across the financial industry assembled in London for the final day of FinovateEurope.
State of play: banking
Banks are facing a myriad of challenges, from transformative technological shifts to increasing competition.
Finnish fintech Basware names new CIO and head of AI
Barrett Schiwitz joins as CIO and Anssi Ruokonen as director of AI research and enablement.
FinovateEurope 2024: Tech demos, AI and tokenisation dominate day one
Industry innovators and thought leaders gathered in London on Tuesday for the opening day of FinovateEurope.
BNY Mellon names Gary Delaney as new international CISO
Delaney will report to Matthew McCormack, who leads the bank’s Information Security Division.
Lithuania’s Šiaulių Bankas taps Temenos for core banking upgrade
Šiaulių Bankas aims to leverage Temenos’ tech to double its number of clients to one million by 2029.
Canadian paytech Helcim completes $20m Series B funding round
The recent round adds to the company’s $12.7 million Series A funding raised in 2022.
(Fin)tech for good?
The ‘tech for good’ movement has the potential to effect real and positive global technological change.
Quaint Oak Bank taps Finzly to modernise payments infrastructure
Quaint Oak aims to realise its modernisation ambitions by leveraging Finzly’s Payment Galaxy platform.
Viva Republica’s Toss Bank announces Rhee Eun-mi as first female CEO
Rhee Eun-mi joins from DGB Daegu Bank, where she has been serving as CFO and managing director.
Diamond Trust Bank Uganda partners TerraPay to enhance cross-border transfer processes
TerraPay says the union will enable the bank to “facilitate direct account deposits from any part of the world”.
Returning to the fundamentals: BaaS as mission-critical financial infrastructure
BaaS has become a critical element in the digital transformation of global financial services.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
