ICYMI fintech funding round-up: Resal, Skyfire, Waza, Revenew and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Financial Services/Finserv
Demystify Podcast: Demystifying the home-buying process with Ziad Nassar of Huspy
In this podcast episode, Dave chats with Ziad Nassar of Huspy, a Dubai-based real estate platform.
FinTech Futures: Top five news stories of the week – 23 August 2024
Our pick of the top fintech news stories this week includes HSBC, Klarna, Mastercard and more.
Lettuce Financial bags $15m Series A led by Zeev Ventures
The new funding builds on Lettuce’s $6 million seed round in March, also led by Zeev Ventures.
US fintech start-up Received to close down
“We punched above our weight, and fought a good fight,” writes co-founder and CEO Roi Ben Daniel.
Cardea acquires select assets from NSCG, rebrands as Fourcore Capital
NSCG will also invest up to $25 million in Fourcore’s upcoming capital raise.
The unbundling of core banking
The rapid evolution of technology has allowed smaller companies to reinvent core banking.
Swiss National Bank announces launch of instant payments in Switzerland
The SNB claims around 60 Swiss FIs can now process instant payments.
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Laybuy entered into a receivership back in June.
Banking Technology Magazine September 2024 issue out now
Cover story: HOP INTO THE FUTURE – Banks must turn and face the change.
Malta’s Papaya promotes Igor Tsybolyuk to CEO
Tsybolyuk has served as Papaya’s chief operating officer since June 2022.
Advans Pakistan Microfinance Bank in core banking tech overhaul with AutoSoft Dynamics
Advans Pakistan is implementing the AutoBanker core banking system from AutoSoft Dynamics.
Germany’s Upvest embeds Deutsche Bank’s banking infrastructure to expand its product range
Upvest will provide virtual IBANs, cash management, and FX services through Deutsche Bank.
We don’t say that sort of thing around here
Don’t just ask your vendors to explain their cost structure. Ask them to justify it.
HSBC reportedly considering sale of its South African business
Bloomberg reports that banks from Africa, China, and the UAE are interested in HSBC South Africa.
State of play: cybersecurity in financial services
The current cybersecurity threat landscape remains dynamic and challenging for financial services firms.
ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform
ABN Amro is streamlining its digital lending operations and strengthening its trade finance transaction monitoring.
Singapore’s Valverde taps Broadridge for investment management solution
Valverde will deploy Broadridge’s tech to support its recently launched Valverde ASEAN+ Fund.
I am speaking now
At the current rate, it will take another 134 years before we can reach global gender parity.
US fintech Amount lands $30m in fresh funding to advance AI capabilities
Amount’s tech powers deposit account opening and loan origination for banks and credit unions.
CaixaBank doubles down on generative AI with launch of GalaxIA project
The new project will look to build on its GenIAl project launched late last year.
The perfection paradox and the power of pragmatism
Pursuing perfection in digital transformations often causes more problems than it solves.
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
Following the share sale, Revolut is now valued at $45 billion, up from $33 million in 2021.
PayTech Awards USA 2024 shortlist announced
We’re excited to reveal the finalists for the PayTech Awards USA 2024.
Volt’s co-founder and chief growth officer Jordan Lawrence steps down
Lawrence co-founded UK paytech Volt in 2019 with Tom Greenwood (CEO) and Steffen Vollert (COO).
Science Card introduces new debit card offering to help accelerate UK scientific discovery
Customers can support ongoing projects focused on dementia, cervical cancer, and kidney transplants.
Arizona’s Transact Campus snapped up by Roper Technologies in $1.6bn deal
As part of the deal, Transact Campus will merge with Roper’s CBORD business.
ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parfin, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five news stories of the week – 16 August 2024
Our pick of the top fintech news stories this week includes Scotiabank, Tally, Experian and more.
UAE fintech Yuze bags $30m funding to propel expansion into new markets
Yuze offers a digital financial services platform built to help simplify financial management for SMEs.
Singapore-based wealthtech Syfe lands $27m Series C funding
Syfe claims to have achieved profitability in Singapore in “early 2024”, five years after its launch.
The shifting credit landscape in the digital age
Will the concept of a credit score as we know it become obsolete?
Apple set to open up access to NFC tech to third-party app developers
Developers in the UK, the US, Australia, Brazil, Canada, Japan, and New Zealand will be able to access the tech.
North Bay Credit Union taps Sharetec for web-based core banking solution
North Bay Credit Union will deploy the vendor’s Velocity solution.
Ohio’s first female-led bank Fortuna nears launch after raising $20.7m
Fortuna is aiming to soft launch in fall 2024.
Blockchain firm Consensys hires former Disney exec Dan Odell as CFO
Odell will take control of “all financial operations” at Consensys.
Cartoon: Testing times
AI models are still making mistakes as humans do, just different types of ‘dumb’ mistakes.
The greatest story never told
I suspect it is inevitable that a bit of a rethink around open banking will have to happen.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
Demystify Podcast: Demystifying the evolution of trading technology and data centres
In this podcast episode, Dave and Dharm chat with John Bryant of Options Technology and Eleni Coldrey of Equinix.
