Citi pens multi-year cloud and AI tech modernisation deal with Google Cloud
Citi says it is migrating multiple workloads and applications to Google Cloud as part of the collaboration.
Financial Services/Finserv
New digital wallet Kuady launches in several LatAm markets powered by Mambu
The Kuady digital wallet has recently become available in Argentina, Chile, Mexico, and Peru.
Array purchases Payitoff to expand private-label portfolio with consumer debt management tools
Array is set to enrich its private-label suite by incorporating Payitoff’s financial guidance tools.
Kapitus snaps up Ten Oaks Commercial Capital, launches equipment financing arm
Kapitus serves as a direct lender and marketplace, providing over $6.5 billion to nearly 55,000 businesses.
Sibos 2024: Oiling the wheels of trade with digitalisation
Digitalisation is driving sweeping changes throughout the global trade ecosystem.
The rise of decentralised finance (DeFi): opportunities and challenges
DeFi is well-positioned to disrupt traditional finance in a number of ways.
Africa’s “fastest-growing fintech” Moniepoint secures $110m Series C funding
The round was led by Development Partners International with participation from Google’s Africa Investment Fund.
What the FinTech? | S.5 Episode 18 | Tech innovation in business banking with Allica Bank
In this podcast episode, we chat with Ravneet Shah, CTO of UK-based SME banking challenger Allica Bank.
October 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over October.
Wildfire Systems lands $16m Series B led by Intuit Ventures and Mucker Capital
The new cash injection brings Wildfire’s total funding to date to $36 million.
Sibos 2024: The rise of digital wallets and the future of cross-border payments
Cross-border payments are evolving, with digital wallets becoming a crucial part of the global financial ecosystem.
Alexandra MacMahon named new ING UK country manager
MacMahon has led Santander UK Corporate and Investment Bank since January 2023.
Interview with Seamus Smith, FIS Automated Finance, winner of PayTech Leadership – At the Helm award
With 20+ years of experience, Seamus Smith is EVP group president of Global Automated Finance at FIS.
October 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in October.
Announcing the panellists for Banking Tech Insights: Limitless Banking on 14 November in London
FinTech Futures’ Banking Tech Insights: Limitless Banking event is free to attend. Register your interest today.
Nymbus and PeoplesBank partner to launch two employer-focused financial wellness solutions
Nymbus says the collaboration will target “the pressing need for improved financial wellness tools”.
October 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
First Carolina Bank snaps up BM Technologies for $67m
Following the deal, BMTX will retain its name and will be led by current president and CTO Jamie Donahue.
Canada’s Central 1 announces plans to wind down its digital banking business
The company says it will transition its digital banking clients “to one or more alternative digital banking providers”.
Santander launches e-commerce payments solution Getnet SEP for LatAm merchants
The solution is first being made available to merchants in Argentina, Brazil, Chile and Mexico.
White paper: Switching analytics platforms – a checklist for banks & financial services in the EU
This checklist will help guide EU banks through the complex process of switching web analytics providers.
Payments processor Finix secures $75m Series C funding
The round was co-led by Acrew Capital, Leap Global and Lightspeed Venture Partners.
Western Union acquires Singtel’s mobile wallet Dash
Dash has accrued 1.4 million customers since launching 10 years ago.
Gearing up for the bargain battle
Core banking modernisation can be done without a large migration team and without disruption to customers.
FinTech Futures: Top five news stories of the week – 25 October 2024
Our pick of the top fintech news stories this week includes Afin Bank, Zip, Socure and more.
ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Sibos 2024: The convergence of TradFi and DeFi with Chainlink – video interview
Sergey Nazarov details the latest tools and strategies for integrating blockchain technology with TradFi systems.
Moneybox’s valuation climbs to £550m with new £70m investment
Moneybox says the investment will “mainly be facilitated through a secondary share sale”.
Arab Financial Services lands $50m investment
Last year, AFS agreed to power ila Bank’s prepaid Bahraini-denominated card offering.
The shifting sands of influence in fintech
Dubai has become a global fintech hub and has ambitions to be a leader in technologies such as AI as well.
EquiLend names former ION head Rich Grossi as new CEO
Grossi has previously served as CEO of Openlink Financial and ION Corporates.
Tompkins Community Bank deploys NCR Atleos’ ATM-as-a-Service
NCR Atleos will now handle all management and processing for Tompkins’ self-service channels.
CFPB orders Apple and Goldman Sachs to pay combined $89m over “Apple Card failures”
Apple first selected Goldman Sachs in 2018 to develop and power its credit card offering.
Ziraat Bank KSA in major core banking system upgrade with Temenos and DevisersTech
Ziraat Bank KSA has moved from Temenos’ T24 R17 to the R24 version.
American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Tide acquires SME payroll fintech Onfolk
Onfolk will be integrated into the Tide app as ‘Tide Payroll’.
Sibos 2024: Data lakes and deepfakes
It’s a brave new world out there, and the bad guys have all the tools and none of the legacy to hold them back.
Sibos 2024: Mastering money movement with Visa – video interview
Visa Direct CRO Vera Platonova details how to navigate the complexities of moving money internationally.
Sibos 2024: Future-proofing data and the promise of ISO 20022
The Big Issue Debate at Sibos explored the true potential of total ISO 20022 adoption.
GTBank live with new core banking system, Infosys Finacle
The Finacle core banking system has replaced GTBank’s legacy ICS Banks solution from ICSFS.
