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.
Payments
Real-time payments platform Volt lands UK EMI licence from FCA
With the new licence, Volt plans to enhance its cash management offering Connect to include virtual accounts.
Stax Payments announces Mark Sundt as new chief technology officer
Sundt succeeds Chris Staymates, who will return to his role as Stax’s chief innovation officer.
Finnish fintech Basware names new CIO and head of AI
Barrett Schiwitz joins as CIO and Anssi Ruokonen as director of AI research and enablement.
Enfuce appoints new chairman, secures UK EMI licence from the FCA
Former Tink UK CEO Laurence Krieger has been named as chairman of Enfuce’s UK board of directors.
FinovateEurope 2024: Tech demos, AI and tokenisation dominate day one
Industry innovators and thought leaders gathered in London on Tuesday for the opening day of FinovateEurope.
Canadian paytech Helcim completes $20m Series B funding round
The recent round adds to the company’s $12.7 million Series A funding raised in 2022.
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”.
CAB Payments CEO to step down, former Vanquis Banking Group CFO Neeraj Kapur set to take over
Bhairav Trivedi is stepping down as CEO of CAB Payments after three years in the role.
South Korea’s FSC announces two new initiatives to expand open banking
The two new initiatives will bring changes to how open banking data is used in the country.
PayComplete appoints former co-president Simon James as new CEO
The firm says James will be responsible for the “ongoing centralisation process of the PayComplete brand”.
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.
FinTech Futures: Top five news stories of the week – 23 February 2024
Our pick of the top fintech news stories this week includes Capital One, Toast, Xalts and more.
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.
Case study: Italy’s Credem Banca migrates to ASEE Security Cloud
Learn how Italy’s major banking group Credem migrated all its clients to the ASEE Security Cloud.
Erica Gee appointed new COO of US payment solutions vendor NXTMoves
Gee has previously held senior manager positions at Moov Financial, Dime Bank and Geezo.
Turkish challenger Papara reportedly set to acquire digital wallet fintech SadaPay
The deal could be worth between $30 million and $50 million, according to media reports.
JP Morgan and fellow Viva Wallet shareholder WeRealize exchange lawsuits
The lawsuits follow reports of disputes over Viva Wallet board nominations last month.
US hospitality fintech Toast to cut 550 jobs as part of restructuring plan
The fintech says the restructuring plan is intended to “promote overall operating expense efficiency”.
Former head of Visa Direct Ruben Salazar Genovez appointed new TerraPay president
Salazar Genovez joins TerraPay directly from a 10-year tenure at Visa Direct.
Capital One acquires Discover Financial Services in $35bn deal
The transaction brings together two of the largest card issuers in the US.
Checkout.com’s UK business posts $126.3m loss for 2022
The latest results mark an increase of over 400% on the $24.5 million loss it posted for 2021.
Colombia’s Bold bags $50m Series C for next phase of growth
The round builds on the $55 million secured by Bold through its Series B of February 2022.
What the FinTech? | S.5 Episode 2 | Tokenisation and blockchain interoperability
In the latest episode of the podcast, we’re joined by Jack Pouderoyen, Innovation Manager at Swift.
Trustly expands leadership team in preparation for European expansion
The appointments follow Trustly’s recent acquisitions of SlimPay and Ecospend.
SME banking tech start-up Finom lands €50m Series B to power product expansion
The Amsterdam-based start-up has now raised over €100 million to date.
Payments Canada in search of new CEO after Tracey Black announces departure
Payments Canada’s board has now initiated a “comprehensive search” for Black’s successor.
Spain’s Banco Sabadell selects NCR Atleos as ATM network partner
Banco Sabadell customers will now have access to the 1,400 ATMs NCR Atleos manages across Spain.
TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer
The UK-based fintech says the hire marks its latest effort to “spearhead rapid global expansion”.
European Parliament authorises new regulations for instant money transfers
The new regulation was approved with 599 votes in favour, 7 against, and 35 abstentions.
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 9 February 2024
Our pick of the top fintech news stories this week includes Worldline, Deutsche Bank, Barclays and more.
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
The Frankfurt-based commercial bank has adopted the vendor’s DOKA-NG solution.
India’s Juspay acquires LotusPay to enhance payment capabilities
Juspay plans to enhance its offerings for the banking, financial services and insurance industries.
Nepal Clearing House selects ACI Worldwide to power National Payment Switch service
Nepal Clearing House expects to launch its NPS service in Q4 2024.
India’s PayU selects Thought Machine’s Vault Core to power LazyPay credit service
Thought Machine says PayU was able to migrate LazyPay to Vault Core in just 12 months.
