Enfuce wins State Treasury of Finland contract to modernise prepaid cards
The five-year contract was signed on 15 February 2023.
Partnerships
European paytech Lyra taps Napier for transaction monitoring
Lyra will utilise Napier’s transaction monitoring solution to ensure its compliance with regulatory requirements.
Aussie paytech DataMesh lands $30m Series A led by NAB Ventures
Additional investors in the Series A round were Deutsche Bank and 1835i Ventures.
Riyad Bank taps SunTec for e-invoicing integration with Saudi tax office
The integration allows banks to share standardised e-invoices with Saudi tax office Fatoora.
Chetwood’s SmartSave Bank partners cash deposit platform Flagstone
Under the new partnership, SmartSave’s fixed rate accounts will be made available to Flagstone clients.
Singapore and India link up PayNow and UPI for real-time cross-border payments
The MAS and RBI will use a scalable cloud-based infrastructure to manage future increases in remittance volumes.
European Commission launches blockchain regulatory sandbox
While blockchain is known for crypto, the Commission says the tech has a “wider utility” beyond financial services.
Icelandic neobank Indó taps Lucinity for AML protection
With the partnership, Indó will have access to Lucinity’s transaction monitoring and case manager solutions.
Bank of Russia to launch digital ruble pilot in April
Olga Skorobogatova, first deputy chair of the central bank, announced the news.
State of play: neobanks
Neobanks as a sector are now approaching their teenage years and quickly maturing.
Extended deadline announced for Banking Tech Awards USA 2023 nominations
The new deadline for nominations is now Friday, 24 February 2023. Apply today!
Bank of Japan to launch CBDC pilot programme in April
The pilot will test the technical feasibility of a CBDC and leverage the “skills and insights” of private industry.
PPRO extends payments infrastructure to South Korea
This integration “opens up a gateway” for PPRO’s global partners to reach South Korean consumers, PPRO says.
Solving the cybersecurity puzzle
FinTech Futures speaks to City University of London’s Raj Muttukrishnan and Crossword’s Stuart Jubb.
Global fintech investment drops 31% in 2022 from record 2021 high
Despite the drop, it was still the third-best year for fintech investment ever.
Citizens Financial Group taps Paymentus for bill pay and money movement services
Through the partnership, Citizens will deploy Paymentus Bill Center and Paymentus Loan Payments.
Ecuador’s first digital bank goes live with Temenos core
Diners Club Ecuador has gone live on Temenos’ cloud-native banking platform with AWS.
Unity Small Finance Bank taps M2P for core banking upgrade
The Indian bank will deploy M2P’s Turing CBS offering.
UK fintech Deko hires Joseph Tucker as new CFO
Tucker joins from NewDay, which acquired Deko in January 2020.
NewDay taps Checkout.com to streamline debit card payments
The partnership, which is already live, gives NewDay access to Checkout.com’s full suite of payment products.
FCA clamps down on unregistered crypto ATM operators in Leeds
The FCA will review evidence gathered during the visits and consider further potential enforcement action.
Dragonfly makes C-level hires as firm expands partnerships and portfolio
Alongside the senior appointments, the firm says it has also expanded its development and product teams.
Digital asset infrastructure provider Taurus lands $65m Series B
Credit Suisse, Deutsche Bank, Pictet Group and Arab Bank Switzerland all participated in the round.
What the FinTech? | S.4 Episode 2 | Space Bank and financial inclusion
In this episode, we’re joined by Nika Kurdiani, deputy CEO at TBC Bank and CEO of Space International.
Laurentian Bank launches new credit card programme with Brim Financial
Laurentian Bank says the new credit card programme will “enhance the overall experience” of its customers.
PayPal reportedly halts work on stablecoin offering
PayPal is hoping to get a clearer understanding of the evolving regulatory landscape, Bloomberg reports.
Baiduri Bank taps Finbots.ai to modernise credit risk management
The partnership makes Baiduri the first bank in Brunei to migrate to an AI-led credit risk management solution.
Digital asset exchange Gate.io taps Coinfirm for AML/CFT platform
Gate.io says the Coinfirm partnership will give the firm “a solid foundation” and shore up its compliance.
Ghana’s Fortek partners Codebase for Digibanc platform
It is hoped the partnership will “accelerate digitisation” and boost entrepreneurship in Africa.
FinTech Futures: Top five stories of the week – 10 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Digital asset security firm Coincover bags $30m in funding
The funding will be used to boost recruitment, forge new partnerships and develop new products.
Finzly opens up access to FedNow via API connection
Developers from fintechs and banks can now access the sandbox environment of FedNow via Finzly’s API.
Deutsche Börse inks 10-year strategic partnership deal with Google Cloud
Deutsche Börse will leverage Google Cloud’s capabilities to develop its digital securities platform D7.
UK’s FCA names first members of its new innovation advisory group
The Innovation Advisory Group (IAG) will meet for the first time in February, the FCA says.
Bank of England and HM Treasury outline case for digital pound
The Bank and HM Treasury plan to “accelerate” work on the technology and policy architecture for a digital pound.
Arab Bank Switzerland taps InvestGlass for digital onboarding solution
Arab Bank says the solution will boost client experience while maintaining high levels of security.
Non-profit Commonwealth begins second phase of partnership with JP Morgan Chase
Commonwealth and JP Morgan Chase are examining how new tech can reduce wealth inequality in the US.
Virtual card paytech Conferma Pay names Jason Lalor as CEO
Lalor most recently served as CEO of Square’s European business.
Banking Technology Magazine February 2023 issue out now
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
UK’s Shawbrook Bank taps Cashflows to streamline payments
Cashflows will enable Shawbrook to process its e-commerce business finance collections through a virtual terminal.
