Banking Technology Magazine July / August 2022 issue out now
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
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Neobank Kinly taps open finance fintech MX for data aggregation solutions
Kinly says it will leverage clean data and personalised financial alerts from MX to help Black American communities.
Three things you probably didn’t know about Brazil’s growing fintech sector
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
What the FinTech? | S.3 Episode 10 | Making money work harder
In this episode of the podcast, we’re joined by Jay Swanston, chief platform officer at Moneybox.
GoHenry acquires French fintech Pixpay to drive European expansion
Both firms will continue to operate under their own brands with no change in leadership or headcount.
UAE’s YAP secures $41m to support continued expansion
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
NPP Australia rolls out new digital payments solution, PayTo
NPP Australia has been working with the financial services industry to develop the PayTo service.
Ireland’s Synch partners Nexi for upcoming mobile payments platform
Synch provides an account-to-account (A2A) mobile payment solution for consumers and businesses in Ireland.
Know what you code: the most important factor to launching a successful FinOps start-up
Use the tools of the trade to build your start-up from the ground up. Give your customers what they want. Lead by example.
WTH are ZKPs? Making blockchain transactions private
In order to gain or have mainstream adoption of blockchain tech, it needs to be private.
Fintech Unlimint to become Telegram’s official payment provider
The integration will allow Telegram users to purchase services and goods directly through the messenger.
Technisys integrates Cyberbank platform with Microsoft Cloud for Financial Services
The integration will give financial institutions the ability to scale and boost digital transformation efforts.
Loan Financing Company turns to ICSFS for core banking tech
LFC has also received a preliminary approval from Saudi Arabia’s regulator, SAMA.
Crypto paytech Wirex makes a comeback in the UK
Along with resuming services, Wirex also announced that it is launching multiple offerings.
Starting small: how Nearside is trying to help create a more inclusive economy
With this rise in new small businesses comes a need for new banking services catered to these new entrepreneurs.
Gen Z financial assistant app Cleo raises $80m at $500m valuation
Cleo will use the funds to shore up and expand its services as a global economic winter begins to bite.
Fintech Zytara partners deadmau5 to create branded banking solution
deadmau5 will join Zytara’s advisory board “to help enhance the creative direction for Zytara moving forward”.
New financial planning start-up Fruitful raises $33m in funding
The rounds were led by Emigrant Bank and 8VC with participation from other investors.
Virgin Money partners SurePay to implement Confirmation of Payee
Virgin Money says it chose SurePay due to its “extensive experience” in providing Confirmation of Payee solutions.
New bank alternative, Fluid Finance, launches “revolutionary global super-app”
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
Motive Partners invests €120m in digital banking tech vendor Backbase
Backbase has raised €120 million in growth equity funding, bringing its valuation to €2.5 billion.
Mambu supplies core banking tech to Western Union’s new mobile app, WU+
Western Union’s WU+ digital banking app is now live in Germany and Romania.
German wealthtech Trade Republic bags €250m in Series C extension
The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
Credit unions comms platform Eltropy acquires video banking tech firm POPi/o
Together, Eltropy and POPi/o serve more than 400 credit unions in the US.
Indonesian crypto investment platform Pintu lands $113m Series B funding
Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital participated in the round.
Aussie payments regulator sets out QR code guidelines
The voluntary guidelines are directed at financial institutions, payment service providers and merchants.
NatWest partners Microsoft and Accenture for customer engagement platform
The new platform will integrate all of NatWest’s front office legacy systems.
YAP expands into Pakistan with EMI licence approval
YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.
Finance super-app M1 deploys Thought Machine’s Vault Core
M1 will deploy Thought Machine’s Vault Core to launch products from one unified, coherent “source of truth”.
Dutch BNPL fintech in3 lands $85.3m Series B
In3 CEO says the funding is “testament to the scale and growth of our proposition in the BNPL community”.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
UK challenger Atom hires Andy Sturrock as CTO
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
CommBank-backed money app Kit enters trial phase
Kit is available in trial mode to 5000 people living in Australia.
White paper: How to select a digital lending solution – the ultimate guide
Answering some of the key questions lenders ask when choosing a software vendor for their lending automation product.
Altro bags $18m in funding to help people build credit
Altro aims to help people build credit through recurring payments and subscriptions such as Netflix and Hulu.
Vietnam’s Saigon-Hanoi Bank taps Temenos for digital upgrade
SHB will leverage Temenos’ open architecture to deliver personalised and AI-supported customer journeys.
Credit card platform Deserve secures $250m credit facility
The new facility follows a $50 million Series D raise in October 2021.
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
UAE neobank Wio hires Salem Al Nuaimi as chair and Jayesh Patel as CEO
The hires at Wio follow the digital bank’s licence approval by the Central Bank of the UAE.
New Glasgow-based trading app Strikes prepares for launch
Founded in 2021, the start-up aims to help retail options traders save time and money.
