Canada’s Brim Financial lands $85m in Series C funding round
The company plans to use the new cash injection to fuel its US expansion plans.
Digital
TD Bank inks multi-year strategic partnership with Google Cloud
TD hopes the partnership will help streamline the development and deployment of new products and services.
BIS unveils Project Agorá to explore the tokenisation of cross-border payments
Project Agorá will see seven central banks work in partnership with several private sector participants.
UK’s FCA and Bank of England launch consultation for Digital Securities Sandbox
Responses to the consultation are being accepted until 29 May, ahead of applications for the DSS opening this summer.
State of play: core banking
Investment in core banking technology will continue to be the utmost priority for the industry.
Tradeshift names Raphael Bres as new chief product and technology officer
Bres rejoins Tradeshift following a two-year stint at commission management platform Spiff.
Oman Housing Bank selects Temenos for core banking upgrade
The OHB offers government-subsidised housing loans to low and middle income groups.
ConnexPay names Ben Peters as new CEO, Bob Kaufman to become chair of the board
Peters brings over 20 years of experience leading and scaling global payments companies.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
What the FinTech? | S.5 Episode 5 | Blockchain, CBDCs and programmable payments
In this episode of the podcast, we’re joined by Gilbert Verdian, CEO of Quant.
Aussie automotive fintech AutoSettle names Jason Van as new CEO
The new CEO has been tasked with leading the start-up’s “next phase of growth and innovation”.
Singapore’s Grab set to discontinue GrabPay Card from 1 June
The company stopped accepting applications for new cards on 1 April.
Japan’s Rakuten Group plans to consolidate its fintech and banking businesses
Rakuten is discussing plans to integrate all its fintech units, including Rakuten Bank, into one unified entity.
Australian banking software vendor Constantinople bags $33m in Series A round
The new cash injection adds to the $20 million Constantinople previously raised via its May 2022 seed round.
Westpac set to invest billions of dollars to fuel bank-wide tech overhaul
Westpac’s current stack “isn’t older or less capable than peers… we just have too much of it”, according to its CEO.
US-based NWSB taps Apiture to upgrade digital banking capabilities
The community bank will implement Apiture’s Digital Banking Platform offering alongside a number of other solutions.
Human connection in the age of AI
Even in the age of an AI arms race, we can still reclaim what is uniquely human: our empathy.
US wealthtech NewRetirement lands $20m in Series A funding
NewRetirement says it will use the funds to scale its enterprise financial planning product.
FinTech Futures: Top five news stories of the week – 29 March 2024
Our pick of the top fintech news stories this week includes Robinhood, Mastercard, Visa, Ant Group and more.
ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Discover Financial Services exec Michael Rhodes to take the lead at Ally Financial as new CEO
Ally Financial has been on the hunt for a new CEO since the departure of Jeffrey Brown in January.
Is a phone charging cable the new bank card?
Have smartphones completely replaced the need for physical bank cards?
GFT Technologies promotes Marco Santos to group CEO
Santos will replace current group CEO Marika Lulay, who is due to leave the company at the end of the year.
Missouri’s Central Bank taps Personetics for AI-powered money management solution
The bank is looking to expand its digital financial wellness offerings for its retail customers.
ieDigital, Connect FSS and Abaka to integrate under single identity with Rami Cassis named new CEO
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
Anext Bank in Singapore reportedly receives another $148m investment from parent company Ant Group
DealStreetAsia reports that Ant Group has now invested over $500 million in total in Anext Bank.
Tide names former SVP George Schmidt as new regional CEO for UK and Europe
Schmidt will be responsible for leading Tide’s recently announced expansion into the German market.
Bulgaria’s Paynetics acquires UK neobank Novus
Founded in 2020, Novus is the UK’s first B-Corp certified digital bank.
Demystify Podcast: Fintech partnerships with Sam Everington of Engine by Starling and Carlton Hopper of GFT
In this podcast episode, Dharmesh and Dave explore the partnership between Engine by Starling and GFT.
Denmark’s Danske Bank enters multi-year cloud partnership with AWS
Danske Bank will migrate selected legacy applications, data, and infrastructure to the AWS cloud.
Uzum lands $114m in mix of equity and debt financing, becomes Uzbekistan’s first tech unicorn
Uzum says it will look to raise an additional $200 million in a Series B funding round later this year.
How hackathons can help redefine your ESG communications and product strategy
Hackathons focused on ESG challenges are a fun way for fintechs to use their tech prowess for the greater good.
US investment management platform FundGuard bags $100m Series C funding
Founded in 2018, this latest capital injection takes its total funding to $155 million to date.
Video: AtData at Fintech Meetup 2024 – Fraud detection and prevention
At Fintech Meetup, we sat down with AtData to discuss how companies can strengthen their fraud detection strategies.
US fintech Coast secures $92m in mix of equity and debt capital to fuel product development
The funding round consists of $25 million in equity capital and $67 million in committed debt capital.
Baader Bank modernises regulatory trade and transaction reporting with Broadridge
Baader Bank already uses Broadridge’s solutions for trading and market connectivity, and order management.
Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 22 March 2024
Our pick of the top fintech news stories this week includes Nuvei, Silverbird, nCino and more.
Colombian BNPL firm Addi lands $86m in equity and debt funding
The round consists of $50 million in debt financing and $36 million in equity.
