Saudi EXIM Bank goes live on Temenos core
The implementation process and the go-live took place over six months, both firms say.
Financial Services/Finserv
Zenus Bank acquires FUEX Payments for undisclosed sum
Founded last year and based in Puerto Rico, FUEX Payments operates in the Caribbean and Latin American markets.
Finalists announced for Banking Tech Awards USA 2023
The shortlist for the Banking Tech Awards USA 2023 has been announced.
Apple launches BNPL offering Apple Pay Later in the US
Apple has launched a pre-release version of its BNPL offering to a select number of customers.
Sergio Ermotti returns to UBS as group CEO to help manage Credit Suisse takeover
Ermotti was previously group CEO of UBS for nine years between 2011 and 2020.
Askari Bank taps BPC for credit card and fraud management tech
The deployment of BPC’s solutions will support Askari Bank with its ongoing expansion.
Video: N26 at FinovateEurope 2023 – The evolution of AI in banking
We chat with Jean-Pierre Sleimen of N26 about how AI has changed the face of banking.
Qashio taps Alinma Bank to launch operations in Saudi Arabia
According to both firms, the partnership is the first between a bank and a fintech in Saudi Arabia.
Metro Bank uses acquisition as a strategy to speed up innovation
A closer look at how Metro Bank has adapted its approach to innovation.
Thunes bags $30m from Marshall Wace as part of Series C funding
The funding was disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority.
Visa and Mastercard reportedly in talks to acquire Pismo
Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
Griffin hires new CFO and CRO to bolster leadership team
Chad Ryan joins as chief financial officer and Dora Grant as chief risk officer.
Video: ING at FinovateEurope 2023 – The power of partnerships
Simon Boonen of ING discusses the importance of collaboration and co-creation between fintechs and banks.
UK paytech Equals Group eyes European expansion with Oonex acquisition
The firm plans to roll out its business payments, expense management and current account products throughout Europe.
Kiatnakin Phatra Securities taps Temenos for wealth management tech
The Thailand-based wealth management firm will deploy the Swiss vendor’s Temenos Wealth solution.
Cartoon: Hype cycle
A new cartoon illustrating the growing hype surrounding generative AI.
Survey: Technology trends in wealth management
Share your views in our brief survey and win a £100 / $100 / €100 Amazon gift card!
Saudi National Bank chairman resigns following Credit Suisse losses
Saudi National Bank was the largest shareholder in Credit Suisse before it was taken over by UBS.
First Citizens Bank strikes deal with FDIC to buy Silicon Valley Bank assets
The deal includes the purchase of assets of $110bn, deposits of $56bn and $72bn of SVB’s loans.
Video: First Direct at FinovateEurope 2023 – The future of open banking
Saira Khan, head of innovation and partnerships at First Direct, discusses what the future might hold for open banking.
Case study: Powering corporate GSOCs with open-source intelligence
A Fortune 500 firm applies open-source intelligence capabilities in its global corporate security operations centre.
eToro raises $250m at $3.5bn valuation after nixing SPAC
The funding stems from an Advance Investment Agreement (AIA) which eToro entered into in February 2021.
UK fintech Sibstar launches to help people with dementia manage their spending
Sibstar has launched in the UK in partnership with Alzheimer’s Society and Mastercard.
State Street to acquire CF Global Trading for undisclosed sum
The acquisition is expected to be completed by the end of this year subject to customary closing conditions.
Digital transformations: the most efficient path is not doing everything, everywhere, all at once
The idea that we should do one thing at a time is seemingly counterintuitive, but it is the best way forward.
Video: CompoSecure at FinovateEurope 2023 – Security and innovation in digital payments
Dr Adam Lowe of CompoSecure discusses how to combat the growing number of cybersecurity threats in digital payments.
JP Morgan to pilot biometric payments in the US
If the pilot is successful, JP Morgan intends for a wider rollout to US merchants in 2024.
Utah’s Mountain America Credit Union taps Corelation for KeyStone core
Corelation says the deal is “significant” for the company due to the size of Mountain America Credit Union.
Indian lendtech Stashfin secures $100m in debt funding
The latest funding follows the company’s $270 million Series C round held in June last year.
German fintech Raisin lands €60m in Series E funding
With the new investment, Raisin intends to accelerate its growth in the US.
ICYMI fintech funding round-up: Wingspan, Monite, Fundpath and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Fintech vendor CSI names Linda Fischer as chief operating officer
Fischer brings more than 35 years of enterprise technology experience to the role.
The future of banks is not banking…
Defining the future of banks is much more complex now than it has ever been.
Spanish fintech ID Finance lands €30m equity funding
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
UK fintech Snoop reportedly mulling sale
Sky News reports founder Jayne-Anne Gadhia is in talks to either raise new funds or potentially sell the business.
Singapore’s Kredivo Holdings secures $270m in Series D funding
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
JP Morgan snaps up VC investment analytics software firm Aumni
The financial details of the acquisition, expected to close in H1 2023, have not been disclosed.
Pay.com partners Cross River to drive US expansion
Cross River’s compliance, payments and tech infrastructure will allow Pay.com to “scale and reach new markets”.
The learning process, manifest
What happens when a learning opportunity shows itself when you are not in learning mode?
Griffin partners Cable to strengthen BaaS financial crime controls
Cable says its tech will help Griffin “monitor, identify, and address financial crime control risks”.
