2022: Top five payments stories
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
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Top five fintechs and neobanks of 2022
FinTech Futures takes a look back at some of the year’s top new fintechs and neobanks.
Webinar: Digital lending 2.0 – fulfilling new customer expectations through technology
Rocket Mortgage, Five Star, Salesforce discuss how technology can help address the challenges lenders face.
eBook: Financial services – embracing a new service model for the digital world
Customer service transformation in the digital world is accelerating – here’s what it means for banks and FIs.
South Korean tech firm behind super-app Toss raises $405m Series G funding
Tonic Private Equity led the Series G round along with a number of existing investors.
UK fintech Updraft secures £108m debt and equity funding
The money will be used to invest in new products and to support business growth.
Visa to invest $1bn in Africa to boost digital transformation
Visa says the move will enable “greater access” to digital payments in the region.
GCC fintech Now Money taps ThetaRay for AML Sonar solution
Now Money provides mobile banking services to the financially underserved, including low-fee cross-border remittances.
MICT completes acquisition of African agri-fintech firm Tingo
MICT owns “100% of the operating business and assets” of Tingo after snapping up Tingo Mobile.
Starling Bank to create 1,000 jobs as it opens new Manchester base
Starling says it chose Manchester due to its “deep pool of tech talent and rich cultural and creative heritage”.
Swiss neobank Alpian partners Napier, goes live on Temenos Banking Cloud
The bank will deploy the Napier Continuum financial crime compliance platform.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
Saudi financial super-app Tweeq lands central bank e-money licence
Tweeq leverages Paymentology’s Banking.Live platform and hopes to launch its app soon.
Wells Fargo launches digital business banking platform Vantage
Vantage leverages AI and machine learning to deliver personalised financial services for businesses.
Al Rajhi Bank Malaysia launches digital bank Rize
Rize offers a mobile banking app for Malaysian customers.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US challenger bank Greenwood secures $45m funding
The latest round brings the total capital raised by the challenger to $88 million to date.
Four trends impacting bill payments: how to reduce risk while making them work for you
Serving your customers respectfully and effectively is especially important in times of economic uncertainty.
UK challenger Tandem partners Cogo to help customers track their carbon footprint
Cogo’s tech will feature on Tandem’s green living hub, with plans to integrate directly into the bank’s app in 2023.
ICYMI fintech funding round-up: Atoa, Djamo, Flourish, Hardbacon & Nine25
A handy round-up of this week’s fintech funding news from around the world.
UK wealthtech Wealthify makes three senior appointments
Wealthify has announced the appointments of three women on its senior leadership team.
US fintech GloriFi to shut down amid “a series of financial challenges”
The firm launched its app in September offering checking and savings accounts.
FCA warns stock trading apps against gamification
The regulator is “concerned about problem behaviours” linked to trading app design.
Social trading platform Naga taps TrueLayer for A2A payments
Naga users will be able to top up their accounts using A2A payments authenticated via biometrics.
UK fintech funding round-up: Banked, Boodil and AGAM
A handy round-up of the recent funding endeavours of fintech companies, this week, based in the UK.
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.
US fintech start-up Nirvana Money is shutting down just weeks after launch
On its website, Nirvana Money says all accounts will be closed on 1 December 2022.
Kuda launches in the UK with tell.money’s open banking compliance tech
Kuda says its UK launch “is the first step in its global expansion to serve overseas based Nigerians”.
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.
Investment app Freetrade appoints Shahid Naveed as CTO
Naveed has 20+ years of experience in the tech space and joins from Auction Technology Group.
Checkout.com lands major paytech deal with Sainsbury’s
Checkout.com says it will “simplify and modernise” payment infrastructure across Sainsbury’s business.
Hamsa: A new investment app for women, by women
Hamsa will offer a recurring investment product with regular payments, designed for women.
ICYMI fintech funding round-up: Ping, Agent IQ, Atlar and more
A handy round-up of this week’s fintech funding news from around the world.
Mexican fintech start-up Mendel bags $60m in fresh funding
Mendel will use the new funds to boost the growth of its corporate expense management platform.
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.
Brazil’s Agrolend lands $27m Series B funding
The start-up provides Brazilian farmers access to credit through a mobile-first platform.
SME financial services provider Finom buys cross-border paytech Kapaga
The merger will boost Finom’s UK and European expansion plans.
North African super-app Yassir lands $150m to fuel expansion
The new funding brings the total capital raised by Yassir to around $193 million since launch.
EIPP and the mobile revolution in B2B payments
The next phase in the evolution of B2B payments will be dominated by mobile technologies.
