Travelex names ex-HSBC exec Jackie Uhi as global retail director
Travelex CCO Cameron Hume is also transitioning into the role of global wholesale director.
Financial Services/Finserv
The Bank of London names Frankie Woodhead as new chief product officer
Woodhead joins from 10x Banking, where he worked for over five years following a decade-long stint at Barclays.
Customers, employees, shareholders: the laser focus of successful digital transformations
Incorporating a customer lens in your digital transformation can boost both revenue and employee satisfaction.
Kash Baghaei joins expense management platform Jeeves as chief product officer
With 20 years of experience in engineering and product management, Baghaei joins Jeeves from Early Warning.
UK challenger bank OakNorth launches new business banking offering
OakNorth’s new product is currently in a phased beta, with businesses being invited to sign up to a waitlist.
PFM downturn continues as Status Money closes down
The company’s website and app with cease to operate from 10 November.
MPOWER Financing boosts lending capacity to over $300m with fresh debt funding
The financing will enable MPOWER to issue more loans to international students studying in the US and Canada.
Video: SAS at Money20/20 USA 2023 – The growth of generative AI in financial services
We chat with Diana Rothfuss of SAS and Theodora Lau about the applications of generative AI in finance.
UK paytech Volt brings in former Stripe Europe CEO Matt Henderson as special advisor
Volt says Henderson joins at a “critical inflection point” for the company.
Volante Technologies lands $66m in debt and equity funding round
The funding brings the total external investment in the firm to $116 million to date.
Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance”
Hugh founded digital insurance platform Brolly in 2016, which was acquired by Direct Line Group in 2020.
Aussie SME lender Earlypay acquires Timelio’s $40m loan portfolio and assets
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
Cartoon: Beacon of stability
A new cartoon illustrating how the perceptions of Bitcoin have changed in recent times.
The new, new thing needs old-fashioned management skills
Swapping out payments technology or core banking at a large firm is “almost like heart surgery”.
US fintech Bond.AI snaps up Elastech to bolster cloud and data offerings
As part of the acquisition, Elastech CEO Scott Llewelyn will join Bond.AI to lead its professional services division.
German insurtech Wefox secures $55m debt financing from Deutsche Bank and UniCredit
Wefox plans to boost its global expansion efforts, with a focus on mergers and acquisitions.
BNPL fintech Jifiti lands European EMI licence from Swedish regulator
Jifiti says it can now provide clients with a broader range of payment products and pan-European solutions.
Webinar | 6 December 2023 | Case study: How Wells Fargo leverages DX intelligence for proactive issue monitoring
Real-world examples of how Wells Fargo monitors, understands and reacts to critical digital experience issues.
Kentucky-based credit union Park Community names Jana Erny as president and CEO
Erny succeeds outgoing president and CEO Jim Spradlin, who is retiring after 29 years at the credit union.
Video: Ecommpay at Open Banking Expo 2023 – The unstoppable rise of open banking
We chat with Ecommpay’s Olga Karablina about the state of play of open banking adoption worldwide.
National Bank of Georgia taps Ripple for CBDC pilot
With Ripple, Georgia’s central bank aims to explore use cases and potential benefits of having a digital currency.
Digital transformations: aligning incentives to the transformation strategy
Aligning team and employee incentives to the strategic goals of the transformation is crucial to its success.
US fintech Payroll Integrations secures $20m Series A funding
Payroll Integrations plans to expand its product line, foster new relationships and invest in its operations.
Amazon adds BNPL to its Amazon Business platform through Affirm partnership
Amazon Business customers can now select Affirm at checkout to pay for eligible goods over time.
PayPal bolsters leadership team with new CTO and CFO appointments
Archie Deskus has been named as CTO and Jamie Miller joins as CFO.
ICYMI fintech funding round-up: Funding Societies, Fero, Kroo and Zilch
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five stories of the week – 3 November 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
TAS appoints former Accenture executive Fabio Benasso as president
A long-standing Accenture employee, Benasso began his career at the software firm in 1984.
UK agriculture-focused challenger Oxbury Bank lands £100m from British Business Bank
Oxbury Bank provides flexible lending and asset finance solutions specifically for the needs of farming businesses.
Qatar’s CQUR Bank partners Finastra to power new online corporate banking portal
The bank’s new portal will service its corporate clients with digital workflows and host-to-host integration solutions.
Walking the talk with composable banking
Composable architecture creates real flexibility for banks looking to make changes to their cores.
European Payments Initiative completes acquisitions of iDEAL and Payconiq International
The acquired solutions will boost the development of EPI’s digital wallet Wero, which is launching next year.
Video: iGTB at Sibos 2023 – How banks can keep up with shifting customer demands
We chat with iGTB CEO Manish Maakan about how banks can adapt their strategies to meet evolving customer needs.
Wealthtech platform Allfunds appoints former Citi exec Antonio Varela as new COO
Varela previously spent more than 16 years at Credit Suisse in a number of senior tech-focused positions.
Banking Technology Magazine November 2023 issue out now
Cover story: PHOENIX RISING – How to breathe new life into digital transformation.
Dutch paytech Mollie receives UK payment institution licence from the FCA
Mollie CEO Koen Köppen says securing the new licence is “a huge milestone”.
Revolut appoints former Molo chief Francesca Carlesi as new UK CEO
Carlesi will lead Revolut NewCo UK, the entity that has applied for the fintech’s UK banking licence.
Israel’s One Zero digital bank seeks to raise up to $100m led by Deutsche Bank
The start-up plans to use some of the funding to fuel its expansion across Europe.
Abe Kuruvilla joins ACI Worldwide as chief technology officer
Kuruvilla joins the company from CoreLogic, where he served as chief information officer.
South African paytech Stanchion Payments names ex-Synthesis exec Pierre Aurel as new CPO
Aurel previously served as head of payments and cryptography at South Africa-based Synthesis Software Technologies.
