UK fintech funding round-up: Griffin, Novatus, Zazuu and Plenitude
A handy round-up of the recent funding endeavours of fintech companies in the UK.
BankingTech
Banking Technology Magazine July / August 2022 issue out now
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
A witch hunt after all
Championing diversity and inclusion should be everyone’s responsibility.
Australia’s first Islamic bank receives restricted banking licence
The bank has received a restricted ADI licence from the APRA.
US banking start-up BetaBank taps Finxact for cloud-native core
Chicago-based BetaBank submitted its banking charter application in April this year.
Recognise Bank taps TruNarrative for digital customer onboarding solution
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
Crédit Agricole builds its own fintechs
Crédit Agricole launched a start-up studio, La Fabrique, to build its own fintechs and disrupt the sector.
Three things you probably didn’t know about Brazil’s growing fintech sector
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
How to make your fintech a solutionary organisation and not a problem-solving one
Imagine the change you could cause simply by taking a solutionary approach to your fintech’s ESG policies.
Less than two weeks until nomination deadline for Banking Tech Awards 2022
The deadline for nominations for the Banking Tech Awards 2022 is Friday 22 July.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
GoHenry acquires French fintech Pixpay to drive European expansion
Both firms will continue to operate under their own brands with no change in leadership or headcount.
Why central banks need to engage the private sector on CBDCs
Companies can help policymakers evaluate technology choices and design incentives to foster innovation and competition.
Brazilian fintech unicorn Neon hires André Madeira as new CTO
Madeira brings engineering and product building expertise from stints at Google, Snap, and Coinbase.
Banking Tech Awards 2022 – call for judges
Join the judging panel for the Banking Tech Awards and be in great company of industry experts!
Linkbancorp taps Jack Henry for digital banking and lending upgrade
Linkbancorp will look to utilise Jack Henry’s Banno Digital Platform and LoanVantage offerings.
Decarbonising data centres
Many FIs are looking to utilise external data centres to reduce greenhouse gas emissions.
Banking Tech Awards USA 2022 Winner: Hamilton Reserve Bank – Best Use of Risk, Compliance & Fraud Protection Technology
Hamilton Reserve Bank and authID on the benefits of seamless and secure digital identity assurance.
Seedrs partners Form3 and LHV UK for real-time payments
The partnership will make it easier for retail investors to invest in European businesses, Seedrs says.
Profile Software unveils new core banking platform, Finuevo Core
Finuevo Core is the evolution of FMS.next, the vendor’s flagship core banking offering.
Bank of Mauritius in tech overhaul with Intellect Design Arena
Intellect Design Arena will implement its Intellect Quantum system at the central bank.
Banking Tech Awards USA 2022 Winner: Symphony AyasdiAI – Tech of the Future
AI does not look for a needle in a haystack, but rather for a needle in a stack of needles.
Playing the game you’re in
If we all see that the game is broken, maybe it’s time we change the game.
Digital challenger Zand lands banking licence from UAE central bank
The newly-licensed bank marked the occasion by welcoming its first corporate customers.
Banking Tech Awards USA 2022 Winner: Freddie Mac – Best UX/CX in Finance Initiative
Get Clarity into mortgage credit risk investing through Freddie Mac.
Central bank digital currency (CBDC) – why go slow
CBDC will catapult society to new heights. We better get it right!
Oxbury Bank lands £20m in additional funding
The new cash injection takes the firm’s total capital raised to £68 million.
FCA proposes updated guidance to protect access to banking services
Banks and building societies will have to assess the impact of any reduction in the services they provide.
WTH are ZKPs? Making blockchain transactions private
In order to gain or have mainstream adoption of blockchain tech, it needs to be private.
Lead Bank creates new BaaS position, appoints industry veteran Huma Usmani
In her new role, Usmani will focus on expanding the bank’s network of fintech partnerships.
The Bank of London hires new co-president and group chief product officer
Tam Holmes joins from 10x Banking where he spent five years.
How banks can protect customers from impersonation fraud
Figures from UK Finance reveal impersonation fraud cases have surged by 300% in the last year.
Daxsen Group to launch new digital bank in Ecuador
Daxsen Bank intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector.
FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Yoma Bank taps Compass Plus Technologies for time-to-market upgrade
Myanmar’s Yoma Bank has replaced its in-house processing centre with Compass Plus’ TranzAxis.
Video: SmartStream at Money 20/20 Europe – Levelling the playing field
We chat with SmartStream about how the firm is helping financial institutions keep up with new tech developments.
Can you compose your bank?
Composable banking – one of the most exciting and promising developments for core banking.
Aussie challenger Volt to shutter
The firm says it is “closing its deposit-taking business and intends to return its banking licence”.
Flyp taps Galileo to power its mobile banking platform
Galileo’s solution will serve as the backbone for Flyp’s “gamified” BaaS platform.
OBIE report shows open banking and cloud accounting benefit SMEs
Cloud accounting makes small businesses feel more efficient, according to 84% of respondents.
