Fintech start-up Rauva buys Banco Empresas Montepio for €30m
Rauva’s CEO and founder, Jon Fath, says the start-up is on its way to become one of Portugal’s first unicorns.
Rauva’s CEO and founder, Jon Fath, says the start-up is on its way to become one of Portugal’s first unicorns.
FinTech Futures AI Insights is taking place on 22 November at our offices at 240 Blackfriars, London.
The Washington-based community bank converted to the CSI core banking system earlier this year.
Robert Sharpe and Andrew Lewis join as chair of the board and chief risk officer (CRO), respectively.
The round was led by Fin Capital and Vertex Ventures Southeast Asia and India.
The company had previously been operating in the UK under the FCA’s Temporary Permissions Regime.
Weber brings over 25 years of experience in B2B enterprise software and SaaS to the role.
With people living longer and healthier lives, many are working longer and in new and different ways.
Ampla connects consumer brands with embedded banking, bill pay, growth capital and corporate card solutions.
This latest funding brings the total amount of capital raised by the bank to £530 million.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Current deputy CEO Birgit Rutishauser will assume the position of interim CEO from 1 October.
Explore thousands of open roles on the FinTech Futures Job Board today.
Saxo Fintech was launched in 2019 to bring Saxo’s tech solutions to FIs in Mainland China.
Bring joined the company as CCO in March of this year.
The idea of personalisation has been around for decades in banking, so it’s time customers get what they deserve.
The London-based start-up becomes one of the first firms to secure an unrestricted bank licence in 2023.
Xero announced its plan to exit the start-up earlier this year after initially acquiring it in 2020.
The bank is leveraging Wise’s technology to deliver “smooth and effective international transfers”.
You can’t control everything. But you can control what you do next and what kind of player you are.
Haythornthwaite will officially take on the role from 15 April 2024, with Davies set to stand down.
Tuck has served as head of product, service and operations at NatWest since March 2020.
Wayflyer plans to deploy the capital to its 3,000 global e-commerce clients.
Visa will utilise the Solana blockchain in a bid to speed up settlement times for merchants.
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
The strategic equity investment was made through Emirates NBD’s Innovation Fund.
Caledonia Investments bought 7IM in September 2015 for around £100 million.
Alpian has named Gianmarco Bonaita, who previously served as the deputy CEO, as the interim CEO.
On completion, the acquired portfolio is expected to be worth NZ$1.4 billion in outstanding balance.
Opus Technologies CEO Praveen TM discusses the firm’s rebranding and how it will shape the future of payments.
The bank is seeking to align with the UK’s incoming New Payments Architecture and new ISO 20022 standards.
The partnership is set to enable Wamo to broaden its business account services in the UK and EU.
With the fresh investment, ThetaRay plans on expediting its international expansion “across continents”.
JP Morgan Payments says the partnership will complement its existing capabilities in the region.
New Zealand’s four largest banks are preparing to instate open banking in May 2024.
Altalix was one of the first cryptoasset firms to be registered with the UK’s Financial Conduct Authority (FCA).
The acquisition includes an additional $150,000 payment dependent on MIntegrity’s financial performance.
At the PayTech Awards 2023, Corpay won in the Top Innovation in Payments category with its cross-border solution.
FundBank will automate its custody and portfolio management operations with Profile’s Axia Custody solution.