FinTech Futures: Top five stories of the week – 17 June 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Partnerships
Revolut teams up with Salesforce to help grow business
Revolut says it will make use of Salesforce technology to power Revolut Business operations.
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”.
ICYMI fintech funding round-up: CapIntel, Clausematch, Swoop & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
NatWest, Citi, Barclays trial Finteum intraday FX swap and repo platform
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
Finzly celebrates ten years of providing innovative solutions to banks
Finzly’s user conference discussed trending topics and bank innovation outside the legacy core.
CaixaBank and Microsoft establish AI innovation lab
The projects will aim to improve efficiency, customer experience, cybersecurity and other areas.
Money 20/20 Europe: A new era for a digital Sterling
Project New Era, set to launch in September, is a pilot evaluating the future digital currency ecosystem in the UK.
Digital banking should be the cornerstone of every small business’ tech strategy
Embracing digital banking has aided small businesses through the early stages of economic recovery.
ICICI Bank partners ZestMoney to expand “cardless EMI” facility
The facility is live on select e-commerce websites and the firms say will be made available at retail stores soon.
Money 20/20 Europe: Mastercard’s open banking guru on payments and data
Jim Wadsworth discusses working with fintechs, open banking, becoming a paytech and safeguarding data.
Ximedes acquires fellow Dutch fintech Ginger for European expansion
Ximedes, a Dutch software firm, has acquired Ginger, an Amsterdam-based online payment platform provider.
State of play: fintech partnerships
Incumbents and fintechs are increasingly forging equally beneficial partnerships to lead innovation.
EntreBank selects CSI’s NuPoint core banking platform
CSI will also provide EntreBank with managed IT services.
Singapore’s Anext launches as digital wholesale bank
The soft launch comes after the firm received approval from MAS to commence business.
Meet B4B Payments and Banking Circle at Money20/20 Europe in Amsterdam!
Introducing a top provider of issuing and payment solutions with full value chain-coverage and scalability.
Banking Technology Magazine June 2022 issue out now
Cover story: THE WORLD BEYOND – Connecting through the metaverse.
Pagaya appoints former Barclays UK CEO as president
Ashok Vaswani, Pagaya’s new president, is a Barclays and Citibank veteran.
Video: Wells Fargo at FinovateSpring 2022 – BaaS and open banking
FinTech Futures chats with Reetika Grewal of Wells Fargo to discuss open banking and BaaS.
Mollie partners Plaid to boost onboarding for merchants
Mollie says the partnership will make it “easier and faster” to start receiving payments and open online stores.
Video: Piermont Bank at FinovateSpring 2022 – Unlocking digital transformation
FinTech Futures chats with Wendy Cai-Lee of Piermont Bank to discuss digital acceleration within banking.
UK paytech GPS appoints Jill Docherty as director of global partnerships
Docherty will sit on GPS’ global executive committee overseeing all GPS ecosystem partners.
Fintechs, don’t go to market alone: three must-haves for your FI partnership
What should fintechs look for in a financial institution to improve the odds of a successful partnership?
ADCB Egypt partners Temenos to deliver digital payments
The deal will allow ADCB Egypt to adopt global payment standards such as ISO20022 and Swift GPI.
Sentinels tapped by Dutch neobank Brand New Day to scale its AML controls
Brand New Day has partnered with Sentinels to build a “future-proof” compliance infrastructure.
Credit Agricole Bank Polska launches new app with Efigence
The app will be developed further with new services being added on to it in due course.
Lending platform kennek partners Mambu for B2B ‘lender-in-a-box’ solution
The new ‘plug-and-play’ credit infrastructure is targeted at alternative lender and credit investor firms.
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Mambu partners Brim Financial for new digital banking offering
Through the partnership, the firms will deliver a new digital banking platform in North America.
UK start-up Alpher selects WealthKernel to power its female-first investment platform
WealthKernel will assist Alpher with its core investing infrastructure.
Card-issuing platform Marqeta partners Evolve Bank & Trust
Evolve will support the full range of Marqeta’s card programme management capabilities.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
NatWest partners Microsoft and Accenture for customer engagement platform
The new platform will integrate all of NatWest’s front office legacy systems.
Taiwan’s Mega Bank selects Avaloq’s core banking platform
Mega Bank will deploy Avaloq’s core platform to digitalise its private banking business.
Moneybase partners Compass Plus Technologies for new app and cards
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
Two US banks tap fintech Chimney to boost customer engagement
New York-based Chimney’s financial calculators help customers make “smarter” financial decisions.
Canadian Tire Bank taps Temenos for digital-first core banking upgrade
Canadian Tire Bank is looking to replace its legacy systems and modernise its operations.
Temenos Community Forum 2022: Everyone’s banking platform will be composable
Temenos Community Forum 2022 was held at the ExCel in London last week.
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”.
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
