Swedish fintech Qred lands full banking licence
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Boden will remain on the board as a non-execu director, with COO John Mountain taking over as interim CEO.
He will replace Bridget Rosewell when she steps down in September this year.
Fifth Third says embedded payments are “a core component” of its treasury management business.
The round was led by Avenir, with participation from existing investor Anthos Capital.
The funding will be used to accelerate the adoption of OpenFin’s software across the financial services industry.
The final day of Daylight’s banking operations will be 30 June.
This year’s FinovateSpring conference has put digital transformation and innovation at the top of the agenda.
Aviva will migrate its entire portfolio of 300,000 accounts, equating to £13bn of assets, onto Phoebus’ system.
Paydock claims its platform “substantially” reduces costs, risks and efforts in a merchant’s payment experience.
B4B Payments to showcase innovative payment solutions at Money20/20 Europe on 6-8 June.
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
Australia aims to introduce the final BNPL bill in the parliament by the end of 2023.
XYB is available in the UK and Europe, with plans to also launch in North America and Asia Pacific.
AI Markets “has been built from the ground up with user experience in mind”, HSBC says.
Anna Bjurefeldt joins Trustly as head of internal audit and Mia Bjurkell as director of risk and compliance.
The round takes the Restaurant365 valuation to over $1 billion.
With the latest funding, PhonePe has raised a total of $850 million in the current round.
Wise will start the search for its next CFO immediately.
Through the partnership, Sonata will provide customers with ways to save and plan for future financial needs.
The feature will be available for customers with a US bank account.
The challenger has raised more than $20 million in its initial round of funding.
With the partnership, the bank aims to retain existing client deposits and attract new retail bank customers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Launching end of 2023, the new digital bank aims to support the adoption of digital assets worldwide.
The PRA reportedly intended to issue a warning notice to Revolut over its balance sheet.
With Corserv, Meridian Bank will be able to offer credit cards with a variety of APRs, rewards and features.
The partnership will see the bank leverage Google Cloud’s cloud computing, data analytics and AI/ML capabilities.
Bonat will be responsible for software engineering, data science, AI research, IT and product management.
As a coder, I always thought that software was key, but I soon realised the value was really in the data.
In his new role, Waldron will lead VeraScore’s business development and customer acquisition strategies.
Finastra says its tech will enable the bank to leverage the benefits of ISO 20022’s data-rich MX messaging format.
Percent will use the funding to further develop its platform and propel its next phase of growth.
Myles Bertrand was previously managing director, APAC, at Tuum’s rival, Mambu.
Turing CBS is understood to have replaced FIS’ Profile core banking system at NESFB.
Using NCR Digital Banking, SECU will be able to upgrade its mobile and online banking capabilities.
With the partnership, the bank aims to expand the footprint of its solution across Asia and other markets.
BKN301 Group’s long term strategy is to bring a BaaS payments solution to corporates in the MENA region.
Ripple’s CEO says the deal is “monumental for our growing product suite and expanding global footprint”.
In its trial phase, the platform cut down the time taken to resolve scam cases by more than half.