UK paytech PPRO promotes Motie Bring to CEO
Bring joined the company as CCO in March of this year.
Financial Services/Finserv
Engagement banking
The idea of personalisation has been around for decades in banking, so it’s time customers get what they deserve.
UK start-up Perenna secures unrestricted banking licence from FCA and PRA
The London-based start-up becomes one of the first firms to secure an unrestricted bank licence in 2023.
Commonwealth Bank of Australia snaps up business lending platform Waddle from Xero
Xero announced its plan to exit the start-up earlier this year after initially acquiring it in 2020.
Saudi Awwal Bank taps Wise for international money transfers
The bank is leveraging Wise’s technology to deliver “smooth and effective international transfers”.
Intelligence may be artificial, but foolishness is not
You can’t control everything. But you can control what you do next and what kind of player you are.
NatWest names Rick Haythornthwaite as new chair to succeed Sir Howard Davies
Haythornthwaite will officially take on the role from 15 April 2024, with Davies set to stand down.
UK paytech Form3 names former NatWest exec Matt Tuck as new CCO
Tuck has served as head of product, service and operations at NatWest since March 2020.
Irish lender Wayflyer lands $1bn financing deal with Neuberger Berman
Wayflyer plans to deploy the capital to its 3,000 global e-commerce clients.
Visa expands stablecoin settlement pilots in push to modernise cross-border payments
Visa will utilise the Solana blockchain in a bid to speed up settlement times for merchants.
MAS appoints Chia Der Jiun as managing director with Ravi Menon set to retire
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
Emirates NBD makes strategic investment in trade finance tech firm Komgo
The strategic equity investment was made through Emirates NBD’s Innovation Fund.
OTPP snaps up Caledonia Investments’ majority stake in wealth management firm 7IM for £255m
Caledonia Investments bought 7IM in September 2015 for around £100 million.
Alpian CEO Schuyler Weiss resigns to pursue public service in the US
Alpian has named Gianmarco Bonaita, who previously served as the deputy CEO, as the interim CEO.
Pepper Money agrees to buy HSBC’s New Zealand mortgage portfolio
On completion, the acquired portfolio is expected to be worth NZ$1.4 billion in outstanding balance.
The story behind Opus’ transformation and what this means for the payments industry
Opus Technologies CEO Praveen TM discusses the firm’s rebranding and how it will shape the future of payments.
NatWest taps Icon Solutions for payment modernisation
The bank is seeking to align with the UK’s incoming New Payments Architecture and new ISO 20022 standards.
Wamo strengthens SME services with Modulr BaaS partnership
The partnership is set to enable Wamo to broaden its business account services in the UK and EU.
Israel’s ThetaRay secures $57m to accelerate global expansion
With the fresh investment, ThetaRay plans on expediting its international expansion “across continents”.
JP Morgan Payments taps Network International to strengthen payments acquiring in the Middle East
JP Morgan Payments says the partnership will complement its existing capabilities in the region.
BlinkPay readies New Zealand for open banking with new services
New Zealand’s four largest banks are preparing to instate open banking in May 2024.
UK crypto fintech Altalix acquired by Clear Junction
Altalix was one of the first cryptoasset firms to be registered with the UK’s Financial Conduct Authority (FCA).
Complii Fintech Solutions acquires MIntegrity to reinforce regulatory offering
The acquisition includes an additional $150,000 payment dependent on MIntegrity’s financial performance.
PayTech Awards 2023 Winner: Corpay & Routefusion case study
At the PayTech Awards 2023, Corpay won in the Top Innovation in Payments category with its cross-border solution.
FundBank taps Profile Software for its custody solution
FundBank will automate its custody and portfolio management operations with Profile’s Axia Custody solution.
Gilles BianRosa steps down as CPO of N26 to pursue career in the US
BianRosa is to assume a position on the bank’s supervisory board from this month.
Demystify Podcast: How fintech is revolutionising cross-border payments with Max Faldin, Silverbird
Discover why high-value cross-border payments are such an incredible opportunity for fintech.
LC Financial Holdings completes acquisition of BCM Global for undisclosed sum
LC Financial Holdings will help BCM Global expand its business and develop new services across Europe.
Diego De Giorgi named as new group CFO of Standard Chartered
He succeeds Andy Halford as GCFO and GED, who is preparing to retire in August 2024.
Ugandan fintech Asaak acquires FlexClub Mexico for undisclosed sum
The acquisition marks Asaak’s entry into the Latin American market after achieving profitability in Uganda.
What no one will tell you about raising VC funding for your start-up
Fundraising is a mix of understanding investor psychology and positioning your start-up to capture the narrative.
Deutsche Bank reportedly makes contact with digital investment fintech Scalable Capital
A potential deal would align with the bank’s continued development of its wealth services over the past year.
ICYMI fintech funding round-up: CredRight, MFast, Maly and OneID
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Scotiabank shakes up senior leadership team with new appointments
Aris Bogdaneris joins from ING to oversee Scotiabank’s digital banking business Tangerine.
Temenos Country Model Banks set for European expansion with Orion licence agreement
Orion is an implementation partner of Temenos, deploying core and digital banking solutions for its clients.
FinTech Futures: Top five stories of the week – 1 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Women in tech have a three-year “experience gap” compared to men
According to the 2023 Women in Tech survey, women only account for around 26% of those working in IT.
iBanFirst appoints former SocGen strategist Julien Molez as COO
Molez previously served as head of data and AI strategy for Société Générale from 2019 to 2023.
LHV Bank taps Raisin UK to enter the personal savings market
The move comes as part of LHV Bank’s planned launch of a direct-to-consumer savings product next year.
Feedback from the front line of generative AI
It’s been intriguing to see the differences in thinking from companies when it comes to generative AI.
