Banking Tech Awards 2023: Nominations now open!
This year’s ceremony will be held on 30 November 2023 at the Royal Lancaster Hotel, London.
Digital
Illimity Bank sells IT source codes to Engineering Group in €55.5m deal
The €55.5 million is set to be paid over 2023-2026 with a potential additional €4.5 million between 2024-2032.
UK’s FCA selects NayaOne to build and operate Digital Sandbox platform
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
Volkswagen Financial Services in tech overhaul with Oracle
With Oracle, VWFS will look to modernise its database tech to support its European operations.
Intellect launches new open finance-based core banking platform, eMACH.ai
Intellect claims its new cloud-based platform is the largest of its kind in the world, offering 1,214 API connections.
Santander taps DailyPay to offer on-demand pay services
Through DailyPay, Santander’s clients can provide employees with immediate access to pay as they earn it.
ICYMI fintech funding round-up: Floodlight, Fractal and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
What’s the customer benefit of fintech?
For me, the level of funding going into a market is not a good measure of success.
SocGen digital asset arm unveils Euro-pegged Ethereum stablecoin
The stablecoin is designed to bridge the gap between traditional capital markets and the digital asset ecosystem.
ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
ClearBank names former PayPal exec as new chief product officer
Spiros Theodossiou joins from cloud accounting platform Dext, where he also served as CPO.
Financial automation start-up Clerkie bags $33m Series A
The round was led by Left Lane Capital, with participation from other investors.
White paper: Solve hybrid work compliance challenges with Theta Lake and RingCentral
RingCentral and Theta Lake’s collaboration on hybrid work compliance enables firms to avoid “blind spots”.
White paper: Ensuring compliant communications in financial services
How unified communications platforms facilitate compliance, collaboration, and engagement.
eBook: Microsoft Teams and telephony – UCaaS providers for financial services firms
How to achieve the full benefits of Unified Communications-as-a-Service (UCaaS).
White paper: Five customer experience strategies for financial services contact centres
How to employ these five strategies in a contact centre to delight customers and keep them coming back.
Januar lands European payment licence from Danish regulator
The Danish start-up will now be able to onboard clients from across the European Economic Area (EEA).
Swiss challenger Radicant taps NetGuardians for fraud detection software
Radicant will deploy NetGuardians’ AI-led software to enhance payment protection.
French expense management firm Mooncard bags €37m Series C funding
Mooncard previously raised €20 million as part of its Series B funding round in September 2021.
LSEG taps Satvinder Singh to lead data and analytics division
Singh joins LSEG from Mastercard where he is the co-head for advisors in its data and services business.
Pennyworth CEO says banking authorisation is “in sight” as start-up plots growth
FinTech Futures sits down for a chat with Pennyworth’s co-founder and CEO Jeremy Takle.
Goldman Sachs mulls potential sale of BNPL fintech GreenSky
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Leek Building Society taps Jade ThirdEye to enhance AML and CTF controls
Leek Building Society will use Jade ThirdEye’s Customer Screening and Transaction Monitoring SaaS solution.
Fintech B2B Marketing Conference 2023: ChatGPT to join as live panellist
The conference, supported by FinTech Futures, will gather 150+ fintech marketers on 26 April in London.
Dutch SME lender Factris secures €50m funding line from Aegon Asset Management
The funding line will enable Factris “to support struggling business owners” with its financing services.
Former CIO of TSB Bank fined £81k by PRA over 2018 IT disruption
The PRA says Carlos Abarca breached its senior manager conduct rules.
Network International in talks over potential £2bn sale to PE consortium
The consortium is made up of CVC Capital Partners and global tech investment firm Francisco Partners.
US Century Bank selects Pidgin for real-time payments
Pidgin’s CEO says the demand for real-time payments is growing “among consumers and businesses alike”.
QFCA partners with R3 to boost Qatar’s fintech sector
The pair will collaborate to create an innovation lab catering to commercial banks and fintech firms in Qatar.
Wealth app Chip appoints Gina Silvester as new COO
Silvester replaces outgoing COO Sharon Miles, who is joining OakNorth Bank as its new group COO.
Cartoon: Timing
A new cartoon illustrating how getting market timing and positioning right is key to success.
IFGS 2023: More “radical change” for payments on the horizon, BoE deputy governor says
Payments used to be a “dusty corner” in financial services but are now evolving at speed, Sir Jon Cunliffe says.
Liberty Bank launches Owners Bank for small businesses in the US
Owners Bank offers checking and savings accounts as well as digital tools for small businesses.
IFGS 2023: How crisis creates opportunity for fintechs
Funding Circle CEO Lisa Jacobs and Zopa CEO Jaidev Janardana took to the stage at IFGS 2023 in London.
US core banking tech provider Corelation signs two new clients in Hawaii
Corelation has signed Hawaii Community FCU and Pearl Hawaii FCU as its new clients.
FinTech Futures is the new home for the Dave & Dharm Demystify podcast
Demystifying the latest trends, technologies and innovations that shape the future of finance.
Illimity Bank and EIB sign €200m agreement to support Italian SMEs
This is the second agreement between the two firms, following the €1 billion funding facilitated in 2021.
Clearstream launches new bank in Luxembourg for institutional fund investors
The new entity, named Clearstream Fund Centre, operates under a Luxembourgian commercial banking licence.
Capital Bank taps Finastra for corporate digital banking platform
The corporate digital banking platform unifies trade, supply chain finance, lending and treasury services.
Credit card start-up Yonder bags £62.5m in equity and debt funding
The fresh funding gives Yonder a post-money valuation of more than £70 million.
