Logik.io bags $25m Series B for AI-driven CPQ platform
Logik.io previously raised $16 million through a Series A in May 2023.
Financial Services/Finserv
DeFi Technologies snaps up Stillman Digital in $5m share deal
DeFi Technologies has acquired Stillman Digital’s securities for 2.5 million shares, valued at $2.10 each.
Video: REV FCU at FinovateFall 2024 – Third-party risk management in financial services
Zac Streelman of REV FCU discusses managing risks and regulatory compliance for third-party relationships.
Video: Merlin Investor at FinovateFall 2024 – Driving the democratisation of retail investing
Guido Petrelli of Merlin Investor discusses the evolution of the retail investing landscape.
CoreFirst Bank joins NCR Atleos’ Allpoint Network for self-service banking boost
The bank can now offer access to over 40,000 surcharge-free ATMs located throughout the US.
Webinar | 28 November 2024 | AI in financial services: Navigating the evolving regulatory landscape
Join our FinTech Futures webinar to examine the regulatory landscape for AI in UK finance.
Qonto appoints Natalia Williams as new chief product officer
The new hire comes amid Qonto’s efforts to expand into four new European markets.
TreasurySpring names Tom Ryan as new global head of partnerships
Ryan’s role will include expanding TreasurySpring’s global presence across both the US and European markets.
Sibos 2024: Building the bank of tomorrow – connecting the future of finance in a rapidly evolving payments landscape
The bank of tomorrow will be defined by its ability to adapt to the pace of technological innovation.
Montana’s Intrepid Credit Union launches digital banking with Alkami
Alkami says the platform will enable the credit union to “foster greater engagement”.
Temenos appoints Barb Morgan as new chief product and technology officer
Morgan succeeds Prema Varadhan, who is stepping down after 25 years with the company.
TrueLayer extends Series E by $50m amid rising tax losses
The raise comes after TrueLayer’s tax losses rose nearly 40% to £55.6 million last year.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
Zepz secures $267m Series F led by Accel
The cash injection adds to a $292 million Series E round raised in 2021.
Austria’s Ixopay appoints Ronnie Thomson as new CTO
The hire comes after Ixopay merged with US data tokenisation firm TokenEx in April.
ICYMI fintech funding round-up: Plumery, Concreit, Connected Data, 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 – 4 October 2024
Our pick of the top fintech news stories this week includes Starling Bank, Fiserv, HSBC, Monese and more.
HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese
HSBC invested $35 million in Monese just two years ago.
Furness Building Society selects Backbase for digital banking overhaul
Furness has chosen to integrate the full Backbase platform, including digital onboarding, assist and banking.
The end of Lloyds Banking Group?
If banking were a race, it would be an ultramarathon. It’s better to be slow and steady like the tortoise.
Stax Payments snaps up BlockChyp for undisclosed sum
Stax says this acquisition will reduce “friction” and enhance partner and customer experience.
Video: Wake Forest University at FinovateFall 2024 – Empowering the next generation of fintech leaders
Mohamed Desoky of Wake Forest University discusses the rising popularity of fintech-focused academic programmes.
Hastings Direct Loans boosts fraud prevention capabilities with IDVerse partnership
Hastings Direct expanded into personal loans around three years ago.
Fiserv ends joint venture in Wells Fargo Merchant Services
An SEC 8-K filing says Fiserv expects to receive a “cash payment or assets” for its 40% stake in WFMS.
Demystify Podcast: The evolution of open banking in the UK with Charlotte Crosswell and Henk Van Hulle
An engaging journey into the UK’s open banking, its growing influence, and the exciting possibilities ahead.
Rakbank joins Magnati to launch new SME financing platform in UAE
Rakbank’s underwriting will be guided by real-time transaction data created by Magnati.
Sibos 2024: 24/7 payments processing: the road ahead
In today’s world, the economy runs 24/7. Our payments ecosystem needs to keep pace. But is it succeeding?
Today is not International Women’s Day
Diversity is a fact. Inclusion is a choice. An active, constant, deliberate choice.
Singapore Gulf Bank strengthens C-Suite ahead of launch
SGB is gearing up to launch in November 2024.
Video: Wells Fargo at FinovateFall 2024 – The power of partnerships
Jazz Samra of Wells Fargo discusses the significance of collaboration between banks and fintechs.
UK fintech infrastructure platform Manigo enters administration
Sources tell FinTech Futures that the administration was expedited when a “big project failed”.
Saudi Awwal Bank partners Singapore’s PayerMax for digital payment enhancement
PayerMax claims to support over 600 different payment methods for digital merchants.
Facit Bank taps Norway’s Neonomics to power invoicing and payment with open banking
Facit Bank will deploy Neonomics’ open banking Checkout, allowing payments directly from bank accounts.
White paper: Cyberattacks in the financial services industry
Exploring the cyberattack threats that financial services customers face and how to improve security.
Digital Federal Credit Union and First Tech Federal Credit Union to merge
The merger is intended to complete in 2025.
Sonali Bangladesh UK selects Finastra Essence for core banking tech overhaul
The new core system will support both conventional and Islamic banking at SBUK.
Webinar | 29 October 2024 | Advancing analytics maturity in financial services: Strategies for success
Join us for an insightful webinar on confidently navigating analytics maturity in the financial sector.
Video: US Bank at FinovateFall 2024 – The growth of embedded payments
Anu Somani of US Bank discusses embedded payments’ evolution and key benefits.
HSBC group COO John Hinshaw steps down after five years
Hinshaw has over 30 years of experience, holding key roles at Accenture, Boeing, and HPE.
VaticAI appoints Mitch Eggers as new COO and chief scientist
Eggers will spearhead VaticAI’s data science for AI-driven audience intelligence products.
