FinTech Futures: Top five stories of the week – 8 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Partnerships
Geely Group buys out Saxo Bank stake in joint fintech venture
Saxo Fintech was launched in 2019 to bring Saxo’s tech solutions to FIs in Mainland China.
Commonwealth Bank of Australia snaps up business lending platform Waddle from Xero
Xero announced its plan to exit the start-up earlier this year after initially acquiring it in 2020.
Saudi Awwal Bank taps Wise for international money transfers
The bank is leveraging Wise’s technology to deliver “smooth and effective international transfers”.
Visa expands stablecoin settlement pilots in push to modernise cross-border payments
Visa will utilise the Solana blockchain in a bid to speed up settlement times for merchants.
NatWest taps Icon Solutions for payment modernisation
The bank is seeking to align with the UK’s incoming New Payments Architecture and new ISO 20022 standards.
Wamo strengthens SME services with Modulr BaaS partnership
The partnership is set to enable Wamo to broaden its business account services in the UK and EU.
JP Morgan Payments taps Network International to strengthen payments acquiring in the Middle East
JP Morgan Payments says the partnership will complement its existing capabilities in the region.
BlinkPay readies New Zealand for open banking with new services
New Zealand’s four largest banks are preparing to instate open banking in May 2024.
FundBank taps Profile Software for its custody solution
FundBank will automate its custody and portfolio management operations with Profile’s Axia Custody solution.
Ugandan fintech Asaak acquires FlexClub Mexico for undisclosed sum
The acquisition marks Asaak’s entry into the Latin American market after achieving profitability in Uganda.
What no one will tell you about raising VC funding for your start-up
Fundraising is a mix of understanding investor psychology and positioning your start-up to capture the narrative.
Temenos Country Model Banks set for European expansion with Orion licence agreement
Orion is an implementation partner of Temenos, deploying core and digital banking solutions for its clients.
FinTech Futures: Top five stories of the week – 1 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Women in tech have a three-year “experience gap” compared to men
According to the 2023 Women in Tech survey, women only account for around 26% of those working in IT.
LHV Bank taps Raisin UK to enter the personal savings market
The move comes as part of LHV Bank’s planned launch of a direct-to-consumer savings product next year.
Banking Technology Magazine September 2023 issue out now
Cover story: WINDS OF CHANGE – Squaring the circle on climate change.
Digital banking – realising the opportunity
Aspire Systems’ Suresh Ranganathan talks about the company’s ambition to be at the forefront of digital banking transformation.
Providence FCU taps Mahalo Banking for digital banking upgrade
The upgrade will introduce new features including live chat and a personal finance management tool.
Maybank Investment Bank taps Broadridge for securities borrowing and lending offering
Broadridge claims the platform will provide better customer experience and cost management for the bank.
Goldman Sachs sells personal financial management business to Creative Planning
The move is part of the bank’s continued shift to focus on serving ultra-high-net-worth individuals.
Payments giant Mastercard to end crypto card partnership with Binance
As of 22 September, Mastercard will be ending its four pilot co-branded Binance card programmes.
BMO Commercial Bank taps Extend to launch corporate spend management app
BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend.
Metro Bank founder launches acceleration partner Archie for early-stage fintechs
Archie is led by serial fintech entrepreneur Anthony Thomson and Steve Brennen, a former PayPal director.
Video: How fintech is transforming the private equity and private credit markets
We ask Arbour Partners CEO James Newsome how fintech has impacted the private equity and private credit landscape.
India’s Yes Bank draws on Zaggle to launch credit cards with spend management capabilities
The Yes Bank Zaggle corporate credit card seeks to enable businesses to tap operation efficiencies.
FinTech Futures: Top five stories of the week – 25 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Video: What’s the next big thing in fintech?
We ask three experts what they think could be the next big thing that will completely transform the industry.
Auxmoney buys majority stake in Dutch credit marketplace Lender & Spender
With the stake, Auxmoney plans to build upon its “continuous organic growth” of recent years.
Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
India’s PhonePe taps Cloudera to streamline data management
PhonePe says the collaboration marks a “significant milestone” in its data journey.
Krakowski Bank Spółdzielczy taps Diebold Nixdorf to modernise ATM network
KBS aims to upgrade its entire ATM network by the end of 2023.
US fintech Ramp secures $300m Series D funding at reduced valuation
The firm’s new $5.8bn valuation represents a 28% drop from its $8.1bn valuation back in March 2022.
Mastercard launches CBDC Partner Programme to boost sector collaboration
Through the Programme, Mastercard aims to bring a “greater understanding” of the pros and cons of CBDCs.
Five credit unions tap MDT to deploy Banno Digital Banking Platform
The credit unions include Great NorthWest FCU, Sentry Credit Union and Peoples FCU.
Chilean digital bank Tenpo partners Dock for new credit card offering
The offering positions Tenpo as a competitor to traditional financial lenders in the country.
Peoples Bank taps Corserv to launch credit card programme
With Corserv, Peoples Bank will be able to offer 14 different credit card products to its business and retail customers.
Points West Community Bank taps Apiture for digital banking upgrade
The bank says it wanted to enhance its digital banking solutions following more customers wanting to go digital.
Indian neobank Zolve expands into expat-friendly mobile services with telecom-as-a-service platform Gigs
Zolve’s telecom-financial offering is tailored for expats pursuing educational or professional opportunities in the US.
FinTech Futures Jobs: London dominates the European start-up ecosystem
Explore thousands of open roles on the FinTech Futures Job Board today.
