Migrant banking platform Majority lands $20m in “push towards profitability”
In addition to the funding, the platform has also announced Abhi Pabba as its new chief risk officer.
Financial Inclusion
FinovateSpring 2024: Mobile payments and understanding Gen Z dominate day two
FinovateSpring 2024 sustained its momentum over day two with a line-up of informative debates and keynotes.
FinovateSpring 2024: GenAI and future fraud strategies in focus on day one
Industry leaders convened in San Francisco on Tuesday to kick off FinovateSpring 2024.
US CFPB sues SoLo Funds for allegedly “deceiving borrowers about the total cost of loans”
The regulator says it is suing the firm for “deceiving borrowers and illegally extracting fees”.
Cooperative Bank of Oromia in Ethiopia partners Mastercard for prepaid cards and Community Pass
The bank’s CEO says the partnership will deliver “secure and adaptable financial tools” to consumers.
JP Morgan Chase commits additional £40m to boost economic growth in the UK
The investment aims to “help connect young people and underserved communities to economic opportunities”.
UK challenger GB Bank lands £85m investment
The bank projects that the new investment will allow it to increase its lending to £500m over the next year.
Interview: How Project Nemo is working to accelerate disability inclusion in the UK fintech industry
We chat with Joanne Dewar, head of Project Nemo, about the need for greater disability inclusion in UK fintech.
ICYMI fintech funding round-up: Ekko, Layer, MNZL, Panax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Mexican BNPL fintech Aplazo bags $70m in equity financing
Aplazo has now secured over $100 million in equity financing since its formation in 2020.
Wealthtech start-up FutureMoney launches tax-advantaged investing platform
FutureMoney’s flagship offering is its tax-advantaged Junior Roth IRA account, which leverages 529 plans.
CTBC Bank Philippines partners Hitachi Asia for digital banking revamp
The bank has worked with Hitachi Asia to redesign its web interface and mobile banking applications.
How UK building societies are finding balance amid the rise of digital
It’s estimated that the UK’s 43 active building societies serve approximately 26 million people.
Cultures have no borders
The financial services industry has a key role to play in shaping a truly borderless financial world.
Dubai Fintech Summit 2024: How the UAE is fostering fintech innovation
There is a huge sense of urgency, commitment and purpose behind fintech in the UAE.
Reimagining the future of money: freedom-bearing, human-centric
Protecting privacy is critical for digital money and CBDCs in order to obtain public trust.
Digital challenger GoTyme Bank acquires salary lender fintech SAVii
GoTyme Bank’s acquisition claims to serve over 500,000 employees across 150 Philippine enterprises.
The digital transformation divide in Europe’s banking industry
Europe must harness the full potential of the digital revolution for the continent’s unbanked.
Celebrating 25 years of innovation: Banking Tech Awards 2024 nominations now open
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
Nottingham Building Society taps Nova Credit to expand mortgage range
Nova Credit’s tech enables foreign nationals in the UK to utilise their overseas credit history for mortgages.
State of play: the future of credit
Alternative data sources will be key to ensuring the future of credit is affordable, inclusive, and accessible.
Inclusive instant payment system Higala launches in the Philippines
The new system is powered by the open-source payment platform Mojaloop.
Finalists announced for PayTech Awards 2024
We are delighted to share with you the shortlist for FinTech Futures’ PayTech Awards 2024.
ICYMI fintech funding round-up: Fintoc, Bokra, RockFi, Bump and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Central Bank of Mauritania partners Giesecke+Devrient for CBDC exploration
G+D will supply the technical support for the initial testing of specific CBDC use cases.
Luxury investments platform Konvi acquires competitors Diversified and Fractible
All investments in Diversified and Fractible will be transferred to Konvi this month.
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.
Project Nemo launches in the UK to boost disability inclusion in fintech
The initiative aims to arm the fintech sector with the resources and expertise to help build a more inclusive industry.
BharatPe names Nalin Negi as permanent CEO
Negi has acted as BharatPe’s interim CEO since Suhail Sameer’s departure last year.
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.
FinTech Founders Video: embracing diversity, equity and inclusion
Three fintech founders discuss the importance of embracing diversity, equity and inclusion in business.
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.
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.
Empower Finance strikes deal to buy Petal with Cashalo acquisition completed
The deal for Petal is expected to close later this quarter for an undisclosed sum.
Hybrid digital challenger Ruya Bank readies for debut in UAE
The challenger’s offering combines both digital Islamic banking services and physical community centres.
CAB Payments to expand into the EEA after securing European PSP licence
CAB Payments Europe has been granted a PSP licence from De Nederlandsche Bank (DNB).
ICYMI fintech funding round-up: Zeepay, Coadjute, Hello Alice, CertifID and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Founders Video: retaining female talent and building strategies for success
Three fintech founders discuss how companies can attract and retain the industry’s top female talent.
India’s Electronica Finance Limited lands $48m in Series B round
The round was led by UK-based LeapFrog Investments and supported by Aavishkaar Capital.
Oman Housing Bank selects Temenos for core banking upgrade
The OHB offers government-subsidised housing loans to low and middle income groups.
