Apple’s new savings account sees $1bn in deposits within one week of launch
Forbes reports the savings account attracted $400 million in deposits on launch day alone.
Financial Services/Finserv
LatAm paytech start-up Liquido launches from stealth with $26m in funding
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
ICYMI fintech funding round-up: Kiwi, Green-Got, Moonsense & more
Our weekly round-up for you to get the latest fintech funding news from around the world.
Konsentus taps Jim Wadsworth to lead international open banking expansion
Konsentus hopes to leverage Wadsworth’s international connections to realise its next stage of growth.
Global Payments promotes COO Cameron Bready to CEO
Bready succeeds Jeffrey Sloan, who is stepping down as CEO and member of the board from 1 June.
Banking super-apps, marketplaces, ecosystems and platforms
You should always have a clear understanding of exactly what you’re building before you get started.
Loughborough Building Society taps Finastra for digital banking and analytics solutions
The company will deploy Finastra’s Essence and Retail Analytics offerings.
US paytech Finix is now officially a payments processor
The Infrastructure-as-a-Service firm now has direct connections to all major US card networks to process payments.
LHV lands UK banking licence from the Prudential Regulation Authority
LHV is the first company to receive a banking licence without restrictions in the UK in 2023.
Uber expands Stripe partnership to give users more ways to pay
The collaboration makes Stripe the global payments partner for Uber across many of its top markets.
HPS CEO Abdeslam Alaoui Smaili on innovation in the payments industry
FinTech Futures chats with HPS CEO Abdeslam Alaoui Smaili at WeMeeting 2023 in Marrakesh, Morocco.
Banking on SMBs: How Rauva aims to bridge the business app gap in Portugal
FinTech Futures speaks with Rauva founder Jon Fath about the company’s launch and future plans.
Egypt’s Taly taps BPC to power digital payment services
Taly aims to broaden financial inclusion and boost digitalisation in the country.
US digital banking platform Greenwood acquires neobank Kinly
The acquisition marks Greenwood’s third over the last year.
First Citizens Bank of Iowa and Minnesota moves to the cloud with Finastra
Finastra will migrate the bank’s Fusion Phoenix core solution from on-site hosting to the cloud.
How long is a week?
A week is exactly as long as your own goodwill towards your colleagues and theirs back to you.
Sharia-compliant challenger Nomo taps Paymentology for digital payments platform
Paymentology’s technology has allowed the bank to offer cross-border transaction services “without high fees”.
Deutsche Bank acquires Numis in £410m deal to build out UK investment banking arm
Deutsche Bank plans to fold its UK and Ireland corporate finance business into Numis.
Tarabut Gateway lands $32m in Series A funding
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
Shieldpay names Andrew Hawkins as CEO for UK & Europe
Hawkins joined Shieldpay in August 2022 as chief product and technology officer.
UK fintech Revolut marks Latin America debut with Brazil launch
Revolut will initially offer a multi-currency account and crypto investing for customers.
Microsoft taps Stripe, PayPal and GoDaddy to launch payments on Teams
North American businesses will be able to accept real-time card payments directly on the Teams platform.
Nigerian paytech Nomba raises $30m in pre-Series B round
The start-up will use the funding to expand in Nigeria and across other African markets.
Cartoon: Curmudgeon
A new cartoon illustrating the arbitrary approach to crypto regulation in the United States.
Morgan Stanley reportedly set to cut 3,000 jobs by end of Q2
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
Tradeweb in advanced takeover talks with Aussie trading platform Yieldbroker
The AUD 125 million ($84m) deal remains subject to Yieldbroker stockholder approval.
HSBC triples quarterly profits following SVB UK acquisition and interest rate hikes
The bank also intends to begin a new share buyback of up to $2 billion.
Shopify taps B2B payments platform Melio for bill pay solution
The new solution will allow Shopify merchants to pay and manage their bills without leaving the platform.
Fintech Lanistar names Ed Blankson as chief financial officer
Blankson, who spent several years at Tide, brings “a wealth of experience” to the role, Lanistar says.
TAS acquires fellow Italian software provider Mitobit
The acquisition is the fourth for TAS Group since July 2022.
Banking Technology Magazine May 2023 issue out now
Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?
IOUpay goes into voluntary administration over suspected fraud
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
FinTech Futures: Top five stories of the week – 28 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Demystify Podcast: Demystifying embedded banking with Paul Staples
Demystifying the approaches various banks, such as Standard Chartered, JP Morgan Chase & HSBC, are taking to BasS.
Axoni raises $20m in equity funding round led by EJF Ventures
The funding will be used to advance Axoni’s technology and support its global expansion plans.
FinTech Futures Jobs: How to approach a data engineering interview differently
Explore thousands of open roles on the FinTech Futures Job Board today.
ICYMI fintech funding round-up: m3ter, Niro, Tembo and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
LatAm open finance platform Belvo acquires Brazilian paytech Skilopay
The deal will see Belvo become “the most complete” account-to-account (A2A) payments provider in Brazil.
US fintech funding round-up: Credora, Summer & Yelo
A handy round-up of the recent funding endeavours of fintech companies across the US.
The dinosaur café – the impact of a toxic culture on digital transformation
A toxic culture can have a long (dinosaur) tail of hidden costs for any transformation.
