French fintech Linedata acquires AI software developer DreamQuark
Linedata says the purchase will extend its reach to the “critical sectors” of asset management, insurance and credit.
Financial Services/Finserv
B2B BNPL fintech Hokodo lands €100m debt facility from Viola Credit
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
Worldline and Crédit Agricole unveil new merchant payments joint venture CAWL
The joint venture will offer payment acceptance and payment acquisition solutions for merchants in France.
Fintech funding shows signs of stalling in latest CB Insights report
The $7.3 billion raised this quarter marks the lowest figure recorded since the pandemic began in 2020.
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).
Video: Matera at Fintech Meetup 2024 – Core banking modernisation and instant payments
Matera’s Brad Goad discusses how banks need to modernise their core tech to keep up with instant payment innovations.
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.
SAMA greenlights beta launch of STC Bank
The approval by the Saudi Central Bank will see the company transition from STC Pay to STC Bank.
ClearBank rings in first full year of profitability
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
Is your head in the cloud when it comes to core banking?
Being cloud native and supporting multi-tenancy are key considerations when looking at a new core banking solution.
UAE’s Zand Bank taps Infosys Finacle to bolster its corporate banking capabilities
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
TD Bank inks multi-year strategic partnership with Google Cloud
TD hopes the partnership will help streamline the development and deployment of new products and services.
BIS unveils Project Agorá to explore the tokenisation of cross-border payments
Project Agorá will see seven central banks work in partnership with several private sector participants.
State of play: core banking
Investment in core banking technology will continue to be the utmost priority for the industry.
Can’t touch this
Touchpoints with customers are not a good thing. Stop counting them. Stop wanting them.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
What the FinTech? | S.5 Episode 5 | Blockchain, CBDCs and programmable payments
In this episode of the podcast, we’re joined by Gilbert Verdian, CEO of Quant.
Aussie automotive fintech AutoSettle names Jason Van as new CEO
The new CEO has been tasked with leading the start-up’s “next phase of growth and innovation”.
Singapore’s Grab set to discontinue GrabPay Card from 1 June
The company stopped accepting applications for new cards on 1 April.
Former Goldman Sachs director Swati Bhatia joins Santander Bank as head of retail banking and transformation
Bhatia counts the likes of Stripe, PayPal and Capital One among her previous employers.
Japan’s Rakuten Group plans to consolidate its fintech and banking businesses
Rakuten is discussing plans to integrate all its fintech units, including Rakuten Bank, into one unified entity.
Australian banking software vendor Constantinople bags $33m in Series A round
The new cash injection adds to the $20 million Constantinople previously raised via its May 2022 seed round.
FinTech Founders Video: guiding growth with coaching, mentoring and sponsoring initiatives
Three industry experts highlight the importance of coaching, mentoring and sponsoring initiatives in fintech.
Westpac set to invest billions of dollars to fuel bank-wide tech overhaul
Westpac’s current stack “isn’t older or less capable than peers… we just have too much of it”, according to its CEO.
US-based NWSB taps Apiture to upgrade digital banking capabilities
The community bank will implement Apiture’s Digital Banking Platform offering alongside a number of other solutions.
Nuvei snapped up by Advent International in $6.3bn deal
The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
Human connection in the age of AI
Even in the age of an AI arms race, we can still reclaim what is uniquely human: our empathy.
US wealthtech NewRetirement lands $20m in Series A funding
NewRetirement says it will use the funds to scale its enterprise financial planning product.
ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Is a phone charging cable the new bank card?
Have smartphones completely replaced the need for physical bank cards?
GFT Technologies promotes Marco Santos to group CEO
Santos will replace current group CEO Marika Lulay, who is due to leave the company at the end of the year.
Missouri’s Central Bank taps Personetics for AI-powered money management solution
The bank is looking to expand its digital financial wellness offerings for its retail customers.
US merchants reach landmark settlement with Visa and Mastercard to lower swipe fees
The settlement will see credit interchange rates lowered and capped for the next five years.
ieDigital, Connect FSS and Abaka to integrate under single identity with Rami Cassis named new CEO
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
If Mary has three apples…
Always measure opportunity cost. What are you not doing while you are doing what you are doing?
Anext Bank in Singapore reportedly receives another $148m investment from parent company Ant Group
DealStreetAsia reports that Ant Group has now invested over $500 million in total in Anext Bank.
Bulgaria’s Paynetics acquires UK neobank Novus
Founded in 2020, Novus is the UK’s first B-Corp certified digital bank.
Demystify Podcast: Fintech partnerships with Sam Everington of Engine by Starling and Carlton Hopper of GFT
In this podcast episode, Dharmesh and Dave explore the partnership between Engine by Starling and GFT.
Denmark’s Danske Bank enters multi-year cloud partnership with AWS
Danske Bank will migrate selected legacy applications, data, and infrastructure to the AWS cloud.
Uzum lands $114m in mix of equity and debt financing, becomes Uzbekistan’s first tech unicorn
Uzum says it will look to raise an additional $200 million in a Series B funding round later this year.
