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.
FinTech
India’s Jarvis Invest hires Rajesh Batreja as CSO
The company intends to expand throughout India and into the US and Middle East.
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.
Bain Capital taps Chekk for KYB and KYC solutions
Chekk says its SaaS solutions “remove the pain and costs” from interactions between companies and customers.
Singapore’s Funding Societies acquires paytech CardUp
Funding Societies says that all of CardUp’s employees across Asia will be retained.
ICYMI fintech funding round-up: Mapan, Ophelos, Lista, Vibrant and Singletrack
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The next frontier in global payments goes beyond borders
Payments will become more inclusive to both consumers and merchants.
London BNPL firm Zilch raises additional $50m in Series C extension
The extension follows an initial raise of $110m in November, which valued the company at more than $2bn.
Video: Railsr at Money 20/20 Europe – Old finance vs fintechs
We chat with Nigel Verdon of Railsr to discuss how embedded finance will evolve over the next few years.
Flyp taps Galileo to power its mobile banking platform
Galileo’s solution will serve as the backbone for Flyp’s “gamified” BaaS platform.
Video: Bitstamp at Money 20/20 Europe – Putting trust in crypto
We chat with Bitstamp CEO JB Graftieaux to discuss how trust in and adoption of crypto varies across the world.
India’s Lentra snaps up AI firm TheDataTeam
Lentra says it plans to integrate TDT’s behaviour intelligence platform Cadenz.
Finding your way
Asking for help is the greatest proof that you will find your way, eventually.
White paper: Developing a futureproof payments market infrastructure – Insights from around the world
How payments market infrastrcutures (PMIs) enable safe, efficient and open payments.
Video: Kraken at Money 20/20 Europe – Keeping up with cybercriminals
We chat with Curtis Ting of Kraken to discuss how financial crime is evolving in the digital asset space.
Flowdesk bags $30m in Series A funding round
Flowdesk plans on using the new funds to grow and scale its platform.
Fintech Unlimint to become Telegram’s official payment provider
The integration will allow Telegram users to purchase services and goods directly through the messenger.
Atlantic Money secures payment institution approval in Belgium, eyes EU
The firm received approval to operate as a payment institution from the National Bank of Belgium (NBB).
Sustainable neobank Ashman lands UK banking licence
Birmingham-based firm plans on achieving full regulatory approval before starting operations.
Credit-building start-up StellarFi launches web app in the US
StellarFi claims to be the only app that reports all bill payments directly to Experian, TransUnion and Equifax.
The future of crypto compliance
Exploitation by criminals has brought about a need for more regulation in the crypto world.
UK neobank Kroo gains full banking licence
Kroo can now offer depositors protection for up to £85,000 through the FSCS.
Data platform SAS acquires financial risk management firm Kamakura
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Lithuania’s SME Bank partners kevin. for A2A e-commerce platform
The new offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics.
Indian B2B e-commerce platform Solv raises $40m Series A
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
New Zealand gets first digital home loan platform Tella
Tella aims to bring change to an industry “known for its manual and process-heavy approach”.
Taming AI algorithms — finance without prejudice
Algorithmovigilance is growing in importance as human biases all too readily creep into AI tech.
Earned wage access platform Tapcheck raises $20m Series A
Tapcheck says cash advances relieve the stress that usually comes with living paycheck to paycheck.
Marygold acquires Tiger Financial & Asset Management for UK expansion
Tiger’s core business is managing clients’ financial wealth across a range of products.
ICICI Bank launches digital platform for the student ecosystem
Campus Power, available to all, aims to offer banking and value-added services within one platform.
Raisin Bank acquires payments division from Bankhaus August Lenz
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
India’s Pine Labs acquires API fintech start-up Setu
This is the third acquisition announced by Pine Labs this year.
Citi partners METACO to develop digital asset custody capabilities
Citi will integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize.
US fintech Glia acquires chatbot platform Finn AI
With the acquisition, Glia aims to make virtual assistants “mainstream” for financial services companies.
Women in finance – where are they?
Why is the financial sector still failing to attract talented women in 2022?
Climate anxiety is a real threat to the financial industry
Fostering positivity will be what helps your stakeholders (and you!) maintain positive mental health.
Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SME paytech SumUp raises €590m at €8bn valuation
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
Video: How Payoneer prevents financial crime with ThetaRay’s tech
Payoneer explains why it chose ThetaRay to monitor payments on its global platform for financial crime.
B2B BNPL fintech Hokodo raises $40m in Series B funding round
Hokodo says it will use the funding to expand into new European markets and develop new products.
