Innovate Finance launches new council to further growth of UK fintech sector
The council will be co-chaired by Philip Belamant, Janine Hirt and Charles McManus.
Partnerships
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Treasury Prime trims workforce amid strategic pivot to focus on direct-to-bank partnerships
The pivot comes a year after the firm completed a $40 million Series C fundraising round.
OTP Bank partners Iliad Solutions for payments testing platform
The Budapest-based bank is to leverage its new partner’s payments testing and certification platform, t3.
ABN Amro partners Dutch paytech Buckaroo for merchant payment services
Utrecht-based PSP Buckaroo will assume management of the bank’s debit card acquiring contracts.
ICYMI fintech funding round-up: Embat, Slice, NayaOne, MoneyHash and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
VyStar Credit Union partners NCR Atleos for Allpoint ATM Network access
The Allpoint Network currently supports around 40,000 ATMs across the United States.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
Lithuania’s Šiaulių Bankas taps Temenos for core banking upgrade
Šiaulių Bankas aims to leverage Temenos’ tech to double its number of clients to one million by 2029.
Crédit Agricole CIB taps Demica to launch new receivables and supply chain platform for APAC
Crédit Agricole CIB hopes the platform will appease “the increasing demand for supply chain finance” in APAC.
Quaint Oak Bank taps Finzly to modernise payments infrastructure
Quaint Oak aims to realise its modernisation ambitions by leveraging Finzly’s Payment Galaxy platform.
Diamond Trust Bank Uganda partners TerraPay to enhance cross-border transfer processes
TerraPay says the union will enable the bank to “facilitate direct account deposits from any part of the world”.
Raqami Islamic Digital Bank in Pakistan partners Codebase Technologies for Digibanc platform
Raqami was granted in-principle approval to operate digital financial services in the country last year.
Vietnam International Bank taps AWS and Temenos for cloud core banking upgrade
VIB will be the first Vietnamese bank to deploy the Temenos R23 core banking system on a cloud platform.
Bank Danamon partners Helicap to bring growth capital to Indonesia’s financially underserved
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets
Be Mobile Africa’s CEO says the “sale of non-financial assets injects vital financial resources” into the firm.
Quai Digital selects WealthOS as new strategic technology partner
Quai Digital CEO Tony Webb says the collaboration will enable the company to “grow our operational capability”.
ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Security Bank selects Avaloq to digitise wealth management business
The bank will leverage the Avaloq Core platform and its Relationship Manager Workplace solution.
Africa and Gulf Bank partners Orion Innovation for Temenos core banking upgrade
The bank has opted to leverage Temenos Transact and Temenos Infinity for its digital upgrade.
Dayforce selects Green Dot as BaaS partner for on-demand pay solution
Green Dot will facilitate all banking services for Dayforce Wallet customers in the US.
Colombia’s Simetrik secures $55m Series B round led by Goldman Sachs
The recent cash injection adds to Simetrik’s $24 million Series A raised in 2022.
Abu Dhabi Islamic Bank digitises cross-border services with ProgressSoft
The UAE-based bank has integrated the vendor’s PS-PayHub platform.
UK regtech Napier AI secures £45m funding from Crestline Investors
Napier AI claims that since 2021, its top-line revenue has grown at more than 30% year on year.
FinTech Wales completes new CEO search with appointment of Sarah Kocianski
Kocianski succeeds Sarah Williams-Gardener, who has transitioned to the role of chair.
Teachers Federal Credit Union partners Corridor Platforms for credit decisioning tech
The New York-based credit union has signed for Corridor Platforms’ digital decisioning platform.
Commerce Bank taps Temenos for loan origination solution
Commerce claims Temenos will enable a “five minutes or less” end-to-end loan origination process.
FHLBank of Pittsburgh selects SimCorp Dimension for investment management
The bank has signed an eight-year agreement with the vendor for SimCorp Dimension.
Nottingham Building Society taps MQube for AI-powered mortgage origination platform
MQube claims its Origo solution can assess around 20,000 data points in real time.
Temenos says it “fundamentally refutes” Hindenburg allegations, plans independent review of claims
The Swiss vendor was hit with a string of allegations in a Hindenburg Research report last week.
Danish start-up Franklin launches Visa cards for e-commerce merchants
Franklin has raised €350,000 to date from various business angels.
Australia’s Summerland Bank taps nCino for loan origination solution
The bank will leverage nCino’s Cloud Banking Platform across its consumer and business lending operations.
JP Morgan and fellow Viva Wallet shareholder WeRealize exchange lawsuits
The lawsuits follow reports of disputes over Viva Wallet board nominations last month.
Capital One acquires Discover Financial Services in $35bn deal
The transaction brings together two of the largest card issuers in the US.
New Aussie financial wellness app Subi launches from beta
Subi’s partners at launch include BambooHR, KeyPay, MYOB and Xero.
Octopus to increase ownership stake in Seccl, co-founders David Harvey and Hugo Thorman set to depart
Octopus originally acquired the company back in 2019 in a £10 million deal.
Canada’s EQ Bank taps Trulioo for ID verification solution
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
Luzerner Kantonalbank selects Finmechanics tech for markets business overhaul
The Swiss bank is to replace its legacy system for position and risk management with FM Converge.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US Bank partners Pagaya Technologies for inclusive lending with AI
The bank is to instate Pagaya’s AI tech within its Simple Loan function.
