Banking-Platform-as-a-Service provider Monument Technology makes senior tech and sales hires
The new CTO joins from SC Ventures, while the CCO comes directly from Mambu.
Start-up
New digital wallet and POS app Payap gears up for 2025 launch in New Zealand
The app is powered by Auckland-based fintech Centrapay and backed by the Bank of New Zealand (BNZ).
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
October 2024: Top five new launch stories of the month
FinTech Futures takes a look back at five of the top new launch stories in October.
Afin Bank partners with Thought Machine and Vacuumlabs to power digital launch
Last week, Afin Bank obtained an Authorisation with Restrictions (AwR) banking licence.
October 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from October.
New digital wallet Kuady launches in several LatAm markets powered by Mambu
The Kuady digital wallet has recently become available in Argentina, Chile, Mexico, and Peru.
AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR
The raise builds on a $10.5 million Series A closed by Reflexivity, then known as Toggle AI, in 2021.
Interface.ai emerges as “most valuable AI company in banking” with Avataar-led $30m funding round
Interface.ai provides pre-trained agentic AI solutions specifically tailored to community banks and credit unions.
Canada’s Koho launches in-app eSIMs with Boxo and Airalo
Koho’s 1.7 million Canadian customers will now be able to purchase eSIMs from within its app.
Gearing up for the bargain battle
Core banking modernisation can be done without a large migration team and without disruption to customers.
ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
Nigeria’s OmniRetail acquires SME payments platform Traction Apps
OmniRetail is a start-up aiming to digitise traditional e-commerce through its suite of software products.
Procurement fintech Zip raises $190m Series D at $2.2bn valuation
Zip’s company value has increased 47% since its $100 million Series C last year.
FintechIO introduces new A2A payments platform Blip-Pay
Blip-Pay was unveiled at this month’s Open Banking Expo in London.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Stripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential $1bn deal
Stripe confirmed plans to introduce stablecoin payments at the checkout in April.
Dutch fintech start-up Tebi bags €20m Series A funding
Tebi offers a financial platform tailored for independent hospitality and retail businesses.
FinVolution expands into Pakistan with Daira launch
Daira is a new lending platform offering low-interest, flexible loans for customers in Pakistan.
FinTech Futures: Top five news stories of the week – 11 October 2024
Our pick of the top fintech news stories this week includes Monese, TSB Bank, Temenos and more.
ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Aleph acquires majority stake in Argentinian PSP Localpayment
Rebranded as Localpayment by Aleph, the PSP is to launch in Africa, the Middle East and Asia.
ESAF Small Finance Bank replaces FIS’ Profile with Oracle Flexcube as new banking core
ESAF’s implementation of Flexcube has been underway since August.
Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked has secured a partnership with Aussie pharmacy giant Chemist Warehouse through the acquisition.
Pension management company Indexo launches bank in Latvia powered by Mambu
Mambu’s integration with Indexo Bank has been underway since March last year, and was led by IT solutions provider Fintecor.
Mercury secures $100m Natixis CIB credit warehouse to fund IO card programme
The warehouse will apply to Mercury’s credit card programme, which launched in 2022.
RTGS.global co-founder Nick Ogden resigns
Ogden’s departure comes shortly after the resignation of his fellow co-founder, Andrew Smith.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
ICYMI fintech funding round-up: Plumery, Concreit, Connected Data, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ex-TNEX chief Bryan Carroll heads new Credit-Decisioning-as-a-Service start-up SMEApprove
The platform seeks to assist banks in lending to underserved SME clients across emerging markets.
The end of Lloyds Banking Group?
If banking were a race, it would be an ultramarathon. It’s better to be slow and steady like the tortoise.
HSBC launches embedded finance venture SemFi with Tradeshift
SemFi provides embedded payment, trade and financing solutions from HSBC.
Singapore Gulf Bank strengthens C-Suite ahead of launch
SGB is gearing up to launch in November 2024.
UK fintech infrastructure platform Manigo enters administration
Sources tell FinTech Futures that the administration was expedited when a “big project failed”.
Saudi Awwal Bank partners Singapore’s PayerMax for digital payment enhancement
PayerMax claims to support over 600 different payment methods for digital merchants.
New UK fintech Covecta launches configurable AI platform
The Covecta platform’s first release will be available in both the UK and the US.
September 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from September.
BNKA launches new payments function for LATAM migrants in Europe
BNKA is enabling migrants in Europe to pay bills in Argentina.
Redpin strengthens leadership team with key additions
The newest team member is CTO Yoav Flam, formerly in the same role at HelloFresh.
