Video: Highlights from the Banking Tech Awards 2024
The Banking Tech Awards celebrated its 25th edition on 4 December at the Royal Lancaster Hotel in London.
Financial Services/Finserv
FIS reportedly set to acquire UK-based fintech Demica for around $300m
Sky News reports that an official announcement on the deal is expected in the coming days.
Stenn Assets UK Limited and Stenn International Limited enter administration
The two units of Stenn Technologies entered administration on 4 December.
US TaaS provider Gigs lands $73m Series B led by Ribbit Capital
The company says it will use the capital injection to “expand its geographical footprint”.
Aussie paytech Fat Zebra acquires Pin Payments for undisclosed sum
This deal marks Fat Zebra’s second acquisition of 2024 after buying Adatree in February.
ICYMI fintech funding round-up: Brighty, Just, Finny, Prosper, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US financial health fintech Brigit acquired by Upbound Group in deal worth up to $460m
Founders Zuben Mathews and Hamel Kothari will continue to lead the company as a “business segment” of Upbound.
Shift4 buys UK paytech Card Industry Professionals
The deal adds to Shift4’s growing list of acquisitions this year.
FinTech Futures Jobs: The UK tech roles poised for growth in 2025
Explore thousands of open roles on the FinTech Futures Job Board today.
Habib Bank AG Zurich selects nCino platform to power UK buy-to-let lending business
HBZ UK will deploy nCino’s Cloud Banking platform as part of the partnership.
Members Development Company appoints NCR’s Ned Tobey as new CEO
Tobey will succeed the position from Jeff Kline, effective January 2025.
Equals Group to be acquired by consortium of investors for £283m, paving way for Railsr merger
The deal will see Equals shareholders receive 140 pence per share.
Upvest raises €100m Series C for team and product expansion
Upvest previously raised a €42 million Series B in 2022.
DORA and beyond: what do new compliance standards mean for banking and finance?
DORA redefines financial sector resilience, bringing challenges and opportunities for 2025.
India’s Mintifi raises $180m in Series E funding round
With its latest funding, Mintifi’s total capital base has reached over $1 billion.
Quantix secures $500m asset-backed securitisation financing from Citi
Quantix says the financing is “among the largest provided to a UAE fintech company to date”.
Banking Technology Magazine December 2024 / January 2025 issue out now
Cover story: STAR PEOPLE – Banking Tech Awards 2024 revisited.
Santander names PayPal’s Nitin Prabhu as new head of Digital Consumer Bank
Prabhu, who worked at PayPal for over 12 years, is to join Santander “early in 2025”.
TD Bank upgrades retail card business with Backbase Engagement Banking platform
Through the collaboration, TD Bank will leverage Backbase’s Engagement Banking platform.
Banco Santander to offer on-demand wage access for Spanish SMEs through new CloudPay partnership
The Spanish banking giant has opted for its partner’s CloudPay NOW solution.
Why ‘I won’t let anything happen to you’ is more of a threat than a promise
If risk is everything, everywhere, all at once, then risk management is everyone’s job, now, always and forevermore.
State of play: Pay by Bank
Pay by Bank, also referred to as A2A payments, has emerged as a credible contender to card-based payments.
What the FinTech? | S.5 Episode 23 | Simplifying core banking modernisation with SaaScada
In this podcast episode, we chat with Nelson Wootton, CEO and co-founder of SaaScada.
Crypto.com buys UAE-based brokerage Orion
Orion, based in Abu Dhabi, is Crypto.com’s fourth acquisition in three months.
Cybersecurity specialist Gen Digital acquires MoneyLion in $1bn deal
Gen says the acquisition is expected to close in the first half of its “fiscal year 2026”.
LexisNexis to acquire deepfake detector IDVerse for undisclosed sum
The transaction is set to close in early 2025, with IDVerse joining LexisNexis Risk Solutions Business Services.
Ibanera launches US prepaid card programme with FIS
The cards enable multi-currency purchases through the global Visa network.
FirstOntario Credit Union modernises digital banking channels with Temenos Digital
Temenos Digital will support the credit union’s online and mobile channels for consumers and small businesses.
Bank of Bhutan in core banking tech modernisation with TCS
Bank of Bhutan will implement the TCS Bancs Global Banking Platform.
UK’s FCA hires Colin Payne as new head of innovation
Payne joins the FCA from PwC, where he served as senior director, central banking and fintech product lead.
The evolution of digital identity in financial services
Solution providers and financial firms need to innovate continuously to meet evolving digital identity requirements.
Swedish investment platform Kameo partners Neonomics for open banking payments
Kameo will utilise Neonomics’ Nello Pay solution, which launched in October.
Lithuanian fintech Paytend hires Thibault Verbiest as new chairman
Verbiest says he will “oversee the strategic direction and governance” of Paytend.
Mastercard settles collective consumer claim over UK card fees
The reported £200m settlement remains subject to the approval of the Competition Appeal Tribunal (CAT).
Demystify Podcast: Demystifying Mastercard’s quantum strategy with Steve Flinter
In this podcast episode, Dave and Dharm chat with Mastercard’s Steve Flinter about quantum computing.
Ribbon launches financial services super-app for Indian diaspora in UK with Tribe Payments
Ribbon previously tapped Tribe Payments to launch in Gibraltar earlier this year.
Unlocking finance transformation: payment trends to watch in 2025
The shift to real-time payments will continue to dominate the payments agenda in 2025.
Preparing for a quantum future: what’s next for quantum computing in financial services?
As we move closer to Q-Day, how can the financial industry prepare for a quantum future?
Revolut applies for New Zealand banking licence
Revolut is now in the assessment phase and says it will “collaborate closely” with the RBNZ throughout the process.
UK challenger Zopa lands £68 million in equity funding round
The funding follows Zopa’s £75 million raise in 2023.
