Bank of Africa UK migrates to Oracle cloud
Bank of Africa UK’s new core banking system, Temenos Transact, will run on the Oracle cloud.
Outsourcing
Africa-focused escrow service Truzo launches in the UK
Truzo says it will close its next round of funding in Q2 2023.
UK fintech Weavr acquires open banking platform Comma
The deal will see BaaS and open banking together into an embeddable payment solution for B2B mass payments.
Orion Innovation snaps up Banktech Software for undisclosed sum
The acquisition will help Orion bring in open banking solutions and expand its digital and core banking capabilities.
ICYMI fintech funding round-up: NX Technologies, Growfin & more
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK fintech funding round-up: Yoti, Ramp, SteadyPay & Ocula
A handy round-up of the recent funding endeavours of fintech companies across the UK.
If you build it, the money will come
The BaaS companies that will succeed will be those with a strong growth strategy.
Kennebec Savings Bank taps Alkami for digital banking platform
The Alkami platform will provide a “consistent” user experience for Kennebec business customers.
US neobank HMBradley picks Thought Machine for core banking tech
HMBradley will utilise the vendor’s cloud-native core banking platform Vault Core to power its services.
UAE’s Mashreq Bank taps i2c for digital payment capabilities
Through the partnership, Mashreq will leverage i2c’s SaaS platform to offer digital payments.
Trading Technologies acquires fixed income trading platform AxeTrading
The acquisition, for an undisclosed sum, will broaden TT’s multi-asset capabilities.
Canada’s Versapay names Carey O’Connor Kolaja as new CEO
O’Connor Kolaja replaces former CEO Craig O’Neill, who is set to move to an advisory role within the firm.
US student debt fintech Candidly raises $20.5m in Series B funding
The funding round was led by Altos Ventures, with existing investor Cercano Management also participating.
Introducing the PayTech Awards USA 2023
Nominations for the awards are open until 2 June 2023.
Business banking fintech Moniepoint names Pawel Swiatek COO
Swiatek joins Moniepoint from Capital One, where he served as managing vice president for over four years.
French fintech Aria bags €50m debt facility
Founded in 2020 and based in Paris, Aria offers an API-led B2B financing solution.
US regtech Droit lands $23m Series B funding
The round was led by Pivot Investment Partners and UBS via its venture arm UBS Next.
Griffin secures UK banking licence with restrictions from PRA
Griffin will now be able to operate as a bank in the UK with deposit-taking restrictions.
Nationwide Building Society in retail payments tech revamp with Form3 and Accenture
Nationwide will migrate all types of retail payments from an on-premise platform to the Form3 cloud.
French fintech N2F lands €24m funding to fuel expansion plans
N2F is looking to expand across Europe and will recruit 200 new employees over the next five years.
Executive panel: key banking cybersecurity developments for 2023
Ten executives from top firms, including Wells Fargo, Microsoft, TransUnion, and RBC, share their expert views.
PayTech Awards nominations close in two weeks!
The deadline for nominations is Friday 17 March, so don’t leave it too late!
ICYMI fintech funding round-up: Archway, Finway, iLex and more
A handy round-up of all the latest funding endeavours by fintech companies across the world.
Canadian insurance and investment fintech Equisoft lands $125m in funding
The funding saw participation from new investors Investissement Québec and the government of Québec.
Quantifind bags $23m in funding to help firms combat financial crime
Quantifind’s SaaS solutions help banks and financial institutions tackle money laundering and fraud.
Xero appoints former Google exec Diya Jolly as chief product officer
Jolly joins Xero from Okta, where she served as CPO.
Westpac pens five-year cloud deal with AWS to boost digital transformation
Westpac aims to leverage AWS’ tech to accelerate its digital transformation.
Banking Technology Magazine March 2023 issue out now
Cover story: FACE OFF – Confrontation can be a good thing.
US paytech Pagos lands $34m in Series A funding
With the funds, Pagos plans to expand its engineering team and develop its product suite.
Business spend management firm Medius names Henrik Rosén as CTO
Rosén will be tasked with further developing Medius’ existing product suite as well as delivering new products.
Wells Fargo launches digital financial planning platform LifeSync
LifeSync, available from March, will sit within the Wells Fargo mobile app.
Clarency taps Form3 for access to Swift network
With the partnership, Clarency’s global customers will be able to send and receive payments on the Swift network.
Watch out for the core crash
There is more turmoil to come in the core banking space.
Arvest Bank launches new lending product powered by Thought Machine
Arvest claims it is the first US bank to offer lending capabilities on Thought Machine’s core.
UK car finance fintech Carmoola secures £95m debt facility from NatWest
The firm has also bagged £8.5 million in a Series A funding round led by QED Investors.
Mizuho International taps SymphonyAI to help fight financial crime
Mizuho will use SymphonyAI Sensa to boost AML protection within its European capital markets division.
Indian SaaS fintech Mintoak bags $20m in Series A funding
PayPal Ventures led the funding round, with new and existing investors also participating.
State of play: neobanks
Neobanks as a sector are now approaching their teenage years and quickly maturing.
Interview: How Opus is leading the financial services sector forward to a more sustainable future
“The way I see it, the fintech landscape has never looked better,” says TM Praveen, CEO of Opus.
Pliant raises $28m in Series A funding
Founded in 2020 and based in Berlin, Pliant offers a B2B credit card platform.
