Former Tesla exec Tim Newell to spin off Aspiration’s consumer financial services division
The new standalone company will act as an independent neobank offering environmentally sustainable products.
Financial Services/Finserv
UK paytech myPOS names Mario Shiliashki as new CEO
Shiliashki has previously held leadership roles at industry giants including PayPal and Mastercard.
BML Istisharat gains new core banking system clients in Saudi Arabia and Lebanon
Bank of Jordan, Corporate Private Investment and MedSecurities Investment implement the ICBS core banking platform.
Indian fintech Aurionpro bolsters AI portfolio with $16.5m takeover of Arya.ai
Arya.ai offers a cloud-based PaaS that enables enterprises to develop their own AI solutions.
OakNorth launches SMB commercial cards with Marqeta platform
The new offering will also include deposit accounts and automation tools for bill payments.
Wealthtech Midas raises $45m Series A to launch new products
The funds will enable Midas to introduce mutual funds, savings accounts and crypto trading.
Miracles on minimum wage
I don’t know what it would take for people at the top to take their own empowerment spiel seriously.
Temenos concludes CEO search with appointment of Jean-Pierre Brulard
Jean-Pierre Brulard will start his tenure on 1 May 2024, with Andreas Andreades retiring after 25 years.
Luxembourg’s NowCM names Markus Sauerland as new COO and co-CEO
Industry veteran Sauerland will lead the company alongside its founder Robert Koller.
UK property lender Together taps nCino for cloud banking solution
Together claims to have a loan book exceeding £6.8 billion, originating over £200 million in loans monthly.
B2B micropayments platform DT One names Claudio Di Zanni as new CEO
Di Zanni’s appointment comes as DT One readies for its “next phase of innovation and growth”.
US fintech start-up Pomelo bags $35m Series A funding
The start-up secured a $75m warehouse facility expansion alongside the round.
Thunes to boost US footprint with acquisition of Tilia
Tilia is to rebrand as Thunes and maintain operations from San Francisco.
JTC to acquire First Republic Trust Company of Delaware from JP Morgan for $21m
JP Morgan has controlled the unit since its takeover of First Republic Bank last May.
Bird taps Airwallex to power international payments operations
Airwallex’s tech will power Bird’s in-house foreign exchange engine and issuing solution.
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.
Monese to split business in two amid mounting financial woes
The UK-based fintech has enlisted Interpath Advisory to assist in the internal restructuring.
Nium names Alexandra Johnson as first chief payments officer
The former Bank of America exec is to lead Nium’s strategy in the newly-created role.
The essential buyer’s guide for risk orchestration software
Crucial insights for fintechs seeking risk orchestration platform vendors to streamline their customer lifecycle and regulatory screening.
Old Mutual granted approval to establish bank in South Africa
Old Mutual intends to integrate the bank into South Africa’s National Payments System following a testing period.
TabaPay to acquire assets of struggling BaaS fintech Synapse
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
Fortis Digital Solutions lands $20m Series A for push into MENA
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
The Reserve Bank of New Zealand calls for views on potential CBDC
The consultation period is due to commence on 17 April and will run until 26 July 2024.
Cartoon: Spring fever
The market appears to be investing in anything that moves with the letters “AI” in it.
Ready to bloom: the rise of CBDCs in Asia
We delve into how and why Asia has surged ahead in the global race for CBDC development.
Temenos: empowering banks through core modernisation
William Moroney, Temenos: “Banks need business agility at a whole new level to keep up with market trends.”
ICYMI fintech funding round-up: Toku, Tabs, Kamina, Lemon and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Fund administrator Alter Domus taps Temenos for Multifonds platform
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
Coventry Building Society and Co-op Bank agree terms over potential £780m acquisition deal
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
EverBank strikes two new deals to digitise commercial banking and payment processing systems
The US-based bank has partnered with Backbase and banking and payments fintech Finzly.
Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures
The Berlin-based fintech now seeks to expand its cards-as-a-service product to markets beyond the EU.
The real cost of cloud banking
Simply moving old software to the cloud will not necessarily save you much money.
US neobank Mercury enters consumer banking market with Mercury Personal
Customers of Mercury’s latest offering will need to commit to a $240 annual subscription fee.
Klarna to launch credit card offering in the US “over the next few months”
The US is set to be Klarna Card’s fourth market of entry, following earlier launches in Sweden, Germany and the UK.
Ramp secures $150m in Series D-2 funding round at $7.65bn valuation
The round adds to the $300m Ramp raised in its Series D round in August 2023 at a valuation of $5.8bn.
Digital asset neobank Keytom launches in the UAE
Keytom says it aims to help customers better manage their digital assets “in one convenient location”.
Gigs appoints former Stripe exec Rishi Sachdeva as new head of fintech
Sachdeva succeeds Rafael Plantier, who has been promoted to head of go-to-market.
Navy Federal Credit Union partners Zafin for product and pricing capabilities
The credit union says it’s in the process of pivoting its legacy core to a “cloud native, real-time banking core”.
What do you want to be famous for?
At the end of the day, when it’s all said and done… what do you want to be remembered for?
Danish paytech Flatpay bags €45m in Series B funding
Following the recent fundraise, Flatpay’s valuation has now surpassed €100 million.
