Climate fintech start-up Cloover secures $114m in seed funding round
The firm says the funding will be used to “enhance our operating system designed for the renewable energy industry”.
Financial Services/Finserv
Protecting against deepfakes in the era of LLMs
FinTech Futures speaks with FinVolution about how the financial sector can tackle the threat of deepfakes.
Former Stripe exec Gang Wang joins Nuvei as CTO
Wang succeeds Max Attias, who is transitioning to the role of CIO.
Stephen Bird to exit Abrdn after four years as group CEO
Jason Windsor, who joined Abrdn last year as group CFO, is to step in as interim group CEO.
Stanbic Bank Kenya set for Temenos core banking upgrade with Orion Innovation
Stanbic Bank Kenya first went live with Temenos’ core banking tech in 2010.
White paper: Bridging the gap between data science and decision-making in financial services
Boost competitiveness in finance with data science. Learn to manage data challenges and drive decision-making with quick insights.
FinovateSpring 2024: Rethinking customer experience and boosting diversity in financial services
FinovateSpring 2024 concluded on Thursday after a day filled with thought-provoking panels and keynotes.
FE fundinfo snaps up wealth management fintech Dericon
The deal marks FE fundinfo’s seventh acquisition in three years.
ICYMI fintech funding round-up: Kudos, Teal, WeMoney and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
OUCU Financial Credit Union to migrate to Tyfone’s nFinia digital banking platform
The $483 million-asset credit union is also making use of Tyfone’s Skip-a-Pay and Quick Pay solutions.
Designing financial services for children with Sunshine+Kittens
UK start-up Sunshine+Kittens is launching a new offering for children designed to help boost financial literacy.
Arab National Bank in major upgrade of core banking system with Infosys Finacle
The successful upgrade has launched “a new chapter in banking at Arab National Bank”, says CIO Naif Alharbi.
BBVA partners OpenAI to deploy ChatGPT among its employees
BBVA has begun deploying 3,000 ChatGPT Enterprise licenses among its employees in Spain.
Burgan Bank in core banking software modernisation with TCS Bancs
Kuwait-based Burgan Bank will replace its legacy tech with the TCS Bancs integrated core banking system.
FinTech Founders Video: taking a start-up idea from inception to reality
Four founders explain how they made their fintech start-up ideas a reality.
First Abu Dhabi Bank reportedly in discussions to acquire Yapi Kredi from Turkey’s Koc Group
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
FinovateSpring 2024: Mobile payments and understanding Gen Z dominate day two
FinovateSpring 2024 sustained its momentum over day two with a line-up of informative debates and keynotes.
Payments fintech Vitesse raises $93m Series C funding to fuel US expansion efforts
Vitesse has also appointed former 10x Banking chief Curt Hess as its new US executive president.
When saying it louder doesn’t help
Inefficient and inadequate systems and standardised processes are the reality within every bank.
Mercado Pago enters talks with regulators for banking licence in Mexico
Mercado Pago GM Pedro Rivas says the firm’s ambition is to become “the largest 100% digital bank in Mexico”.
EFG Hermes snaps up minority stake in AI digital wealth manager Kenzi Wealth
EFG Hermes has also signed an MoU with Kenzi to enhance its EFG Hermes One trading platform.
FinovateSpring 2024: GenAI and future fraud strategies in focus on day one
Industry leaders convened in San Francisco on Tuesday to kick off FinovateSpring 2024.
Demystify Podcast: The growth of fintech in the UAE – Dubai Fintech Summit special
Dave and Dharm speak with four financial services leaders at this year’s Dubai Fintech Summit.
UK’s PSR says Visa and Mastercard face “no effective competition” for core scheme and processing services
The findings are from the regulator’s newly published interim report on scheme and processing fees for cards.
Cartoon: Working at the edge
Can nature be a guide on how to improve intelligence at the edge of computing networks?
UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries
Chetwood states that the purchase will complement its forthcoming ModaMortgages proposition.
JP Morgan Chase commits additional £40m to boost economic growth in the UK
The investment aims to “help connect young people and underserved communities to economic opportunities”.
BNP Paribas set to buy French life insurance business Neuflize Vie from ABN Amro and AXA
Neuflize Vie was founded in 1990 as part of a joint venture between AXA and ABN Amro.
Real estate investment management start-up Agora lands $34m Series B
Agora will use the funding to “accelerate its expansion efforts” and further develop its product offerings.
Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants
Iberpay will serve as the clearing and settlement mechanism, through Santander, for OCT Inst transactions.
Financial admin platform Osome secures $17m in mix of debt and equity funding
The Singapore-based start-up plans to utilise AI to further develop its product offerings.
Visa seeks to “revolutionise the card” with array of new product launches
New products include a Passkey service, Visa data tokens and the Visa Flexible Credential for payments.
Saudi Arabian paytech Geidea names Abdulrahman Almutairi as new group CTO
Almutairi previously served as CTO at STC Pay for nearly five years.
Apex Group names Ken Fullerton as new global head of operational transformation
Fullerton will also manage the firm’s global service centres.
Interview: How Project Nemo is working to accelerate disability inclusion in the UK fintech industry
We chat with Joanne Dewar, head of Project Nemo, about the need for greater disability inclusion in UK fintech.
eBook: Future-proof your fintech – strategies to succeed in 2024 (and beyond)
Download this free e-book to unlock fintech success: optimize CX, boost retention, and drive profit with innovative strategies.
Cache Valley Bank in front-to-back office tech revamp with Finastra
Cache Valley Bank also plans to migrate all on-premises software to the cloud over time.
ICYMI fintech funding round-up: Ekko, Layer, MNZL, Panax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 17 May 2024
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
US fintech Yendo secures $165m in mix of debt financing and equity
The funding consists of $150 million in debt financing and $15 million in equity.
