Video: KoreFusion at FinovateEurope 2024 – Payment innovation’s role in emerging markets
At FinovateEurope 2024, we sat down with Daniel Ben-Aron, vice president of APAC at KoreFusion.
FinTech
US neobank Dave achieves profitability over Q4 2023
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Demystify Podcast: Next-generation financial services with Charlie Platt of SAP Fioneer
In this podcast episode, Dharmesh and Dave talk with Charlie Platt, Managing Director of Banking at SAP Fioneer.
Enfuce appoints new CPTO to help accelerate global expansion plans
Enfuce recently appointed Laurence Krieger as chairman of its UK board and was granted a UK EMI licence.
UK fintech Ebury reportedly in talks with banks over potential 2025 LSE debut
Sources tell Bloomberg the payment platform could list in London next year with a valuation of up to £2 billion.
Crabs and KPIs
The majority of organisations fail because they allow folks to see what other teams do as ‘not my problem’.
Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
US paytech Spreedly appoints Peter Dougherty as new president
Dougherty will oversee the firm’s go-to-market operations, including sales, marketing, and partnerships.
UK challenger OneBanx appoints Javed Anjum as new CEO
Anjum’s joins directly from the Glory Group, where he served as innovation programme director.
Mexico’s Ziff acquires digital lending start-up Arrenda
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
Deel acquires Africa-based payroll company PaySpace
Deel says it has also surpassed $500 million in annual recurring revenue since its inception in 2019.
CGS International in Singapore taps Broadridge for securities finance platform
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Banking Technology Magazine March 2024 issue out now
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
BaaS vendor Synctera lands additional $18.6m Series A cash injection
Going forward into 2024, Synctera plans to launch its new payment product SyncteraPay.
GFT Technologies names Ian Oswald as new executive director
Oswald joins GFT from EY, where he was a partner in the company’s technology consulting team.
Innovate Finance launches new council to further growth of UK fintech sector
The council will be co-chaired by Philip Belamant, Janine Hirt and Charles McManus.
What the FinTech? | S.5 Episode 3 | Quantum computing in financial services
In this episode of the podcast, we’re joined by Dr Philip Intallura, Head of Quantum Technologies at HSBC.
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Indonesian fintech start-up Wagely lands $23m in mix of equity and debt financing
Wagely provides businesses with an earned-wage access (EWA) solution for employees.
Former UK chancellor Lord Hammond appointed new Railsr chairman
Lord Hammond replaces Rick Haythornthwaite, who is standing down to become chairman of NatWest Group.
Treasury Prime trims workforce amid strategic pivot to focus on direct-to-bank partnerships
The pivot comes a year after the firm completed a $40 million Series C fundraising round.
Cartoon: Incumbency advantage
A new cartoon illustrating the dominate position of incumbents in the financial services industry.
Mexican microlending start-up Baubap secures $120m in debt financing
The fintech intends to leverage the debt financing to extend its lines of credit to the underserved.
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.
FinTech Futures: Top five news stories of the week – 1 March 2024
Our pick of the top fintech news stories this week includes Webull, Citi, Blackstone, Enfuce and more.
ClearBank promotes risk and compliance chief Emma Hagan to UK CEO
Hagan has been tasked with leading the platform’s UK operations and market expansion efforts.
VyStar Credit Union partners NCR Atleos for Allpoint ATM Network access
The Allpoint Network currently supports around 40,000 ATMs across the United States.
UK wealthtech start-up Sidekick debuts new wealth management app
The recent launch became feasible after the start-up secured £3.3 million in pre-seed funding in 2022.
The history of banking technology vs the history of banking experience
Over time, the transactional aspects of banking have been solved, but not the emotional ones.
Green Dot receives proposed consent order from US Federal Reserve
Green Dot says the consent order relates “principally to various aspects of compliance risk management”.
Webull set for Nasdaq public listing via $7.3bn SPAC merger
The merger between Webull and SK Growth Opportunities is due to close in H2 2024.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
FinovateEurope 2024: Digital transformation, shifting customer expectations and Africa’s fintech growth
Influential figures from across the financial industry assembled in London for the final day of FinovateEurope.
State of play: banking
Banks are facing a myriad of challenges, from transformative technological shifts to increasing competition.
Wishful thinking
The job is still about new technology, but it’s not about the ‘if’. It’s about the ‘how’.
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.
(Fin)tech for good?
The ‘tech for good’ movement has the potential to effect real and positive global technological change.
Money20/20 Asia unveils stellar lineup: over 120 speakers and industry experts confirmed
Money20/20 Asia 2024 will be held at the Queen Sirikit National Convention Center in Bangkok, Thailand.
