Research paper: The payments processing opportunity for banks
Icon commissioned Celent to carry out research exploring the payment processing opportunities for banks.
Innovation
Private market exchange ADDX bags $20m in expanded pre-Series B
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
SEB sets up new BaaS unit, SEB Embedded
With SEB Embedded, the firm is aiming to become a leading provider in the BaaS market.
UAE investment fintech Baraka lands $20m Series A
The start-up offers investors access to more than 6,000 US stocks and ETFs.
Dubai-based fintech Leap aims to improve youth financial literacy
The Dubai-based start-up wants to improve youth financial literacy, targeting the under-18s.
All the light we do not see
Gaslighting is insidious. If you see it happening in your organisation, shine a light on it.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
How blockchain technology is opening up fractional investing
Blockchain tech can power access to alternative assets such as art, real estate and wine.
Japanese paytech unicorn Opn acquires US firm MerchantE
Both firms will share technology and best practices, as well as jointly develop new products and services.
Mastercard partners bpost and Nickel to launch inclusive card options
Belgium’s bpost and France’s Nickel will offer Mastercard’s True Name option to customers.
Climate First Bancorp acquires ESG data platform Ecountabl
Ecountabl indexes data on more than 10,000 companies, analysing their ESG performance.
Effective ways to improve and expand digital payment methods for businesses
Introducing digital payment methods and ensuring adoption can be a challenge many businesses find daunting.
Fintech mortgage lender Gen H secures £600m partnership with The Nottingham
The funding will enable Gen H to speed up the rollout of its mortgage products.
ZDF launches new cloud-based core banking system
Minna Bank, Japan’s first digital bank, is the first user of the new core system developed by ZDF and Accenture.
Indian lendtech start-up Lentra raises $60m in Series B round
The money will go towards Lentra’s international expansion and acquisitions.
Investment app Freetrade appoints Shahid Naveed as CTO
Naveed has 20+ years of experience in the tech space and joins from Auction Technology Group.
Ireland is emerging as a global hub for payments
Ireland has become the EU/EMEA headquarters for many leading firms in the fintech and payments space.
Video: Inscribe at Money20/20 USA – Automating KYC/KYB and underwriting processes
We chat with Inscribe’s Ronan Burke about the benefits of KYC/KYB and underwriting automation.
Checkout.com lands major paytech deal with Sainsbury’s
Checkout.com says it will “simplify and modernise” payment infrastructure across Sainsbury’s business.
Sohar International’s chief transformation officer Ewan MacLeod resigns
MacLeod joined the bank in February 2020 following a three-year stint at Nordea.
Hamsa: A new investment app for women, by women
Hamsa will offer a recurring investment product with regular payments, designed for women.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
E-book: Building the data-driven future of financial services
Learn how to harness the power of data to drive continuous innovation.
White paper: Shaping the future – artificial intelligence for financial services
Now is the time to build the skills and infrastructure to make AI a successful part of that future.
Are the machines coming for your job? Probably!
Generative AI may soon be able to build platforms or design new products in the financial services industry.
Blockchain intel firm TRM Labs scores $70m expanded Series B
TRM will use the cash to invest in product development and new hires to meet growing demand for its services.
Video: DailyPay at Money20/20 USA – Boosting financial wellbeing with earned wage access
We chat with Jeanniey Walden, CMO at DailyPay, about the benefits of earned wage access.
Vietnam’s Sacombank taps Temenos for digital banking platform
Temenos Infinity will allow Sacombank to acquire, retain and cross-sell to customers across multiple channels.
Centre for Finance, Innovation and Technology launches to support UK fintech
The CFIT will be chaired by Charlotte Crosswell, a former CEO of both Innovate Finance and Nasdaq NLX.
A good girl’s guide to bad times
If your business survives, emerge from the storm and kick the tires. Learn from this.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
With tech giants going passwordless, will banks be ready to meet new consumer expectations?
With the rise of passkeys, Big Tech firms are paving the way for a passwordless future.
Report: The state of payment operations 2022
The challenges and upsides of implementing efficient, scalable, and secure payment operations processes.
Low-code platform Genesis Global hires Tej Sidhu as CTO
Sidhu will be responsible for the firm’s tech strategy, leading more than 200 developers and technologists.
Nordea partners Boost.ai for “chat-first” virtual agent drive
Nordea says more than 50% of its customers get the help they need from an initial interaction with chatbots.
Lendtech Ezra appoints Erwan Gelebart as new CEO
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
The demise of the 90-day rule and the future of open banking
To make open banking tech a success in the long term, the guarantee of data security must be a continued priority.
Dubai’s Pyypl lands $20m Series B as it eyes regional expansion
The round saw participation from new international investors and 10 existing investors.
Fintech Galaxy lands TPP licence from Central Bank of Bahrain
The licence allows the firm to integrate its FINX platform with multiple bank APIs.
