ICYMI fintech funding round-up: Kalder, Pemo, PostSig, StoreCash, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech
FinTech Futures: Top five news stories of the week – 22 November 2024
Our pick of the top fintech news stories this week includes Robinhood, CaixaBank, Nationwide and more.
SEC chair Gary Gensler to step down on 20 January
Gensler’s departure date coincides with US President-elect Donald Trump’s inauguration.
CFPB finalises rule to supervise big tech firms offering digital payment apps
The development cements proposals first put forward by the regulator in November last year.
Demystifying quantum computing
How do quantum computers work? How are they programmed? What do they look like and where can you find them?
Central Bank of Brazil to pilot CBDC trade finance solution with Chainlink, Microsoft, 7COMm and Banco Inter
The solution will be based on Chainlink’s cross-chain interoperability protocol.
State of play: payment hubs
Payment hubs are increasingly seen as an attractive solution to manage the new world of payments.
Beacon unveils new digital wallet offering built for immigrants to Canada
Beacon’s new service will support bill payments, salary deposits, Interac e-Transfers, and more.
Mexican fintech Minu bags $30m Series B funding
Minu has now raised $47 million in total funding to date.
Chile’s Tanner Servicios Financieros lands $40m IFC investment
Tanner Servicios Financieros is establishing “a fully licensed and regulated commercial bank subsidiary”.
Which part of the script are you in?
Everyone inside your organisation needs to be actively aware of which part of the script they are in.
What the FinTech? | S.5 Episode 21 | Taking open banking payments mainstream
In this podcast episode, GoCardless’ Paul Foster discusses the growing adoption of open banking payments.
UK paytech Cardstream names Gurinder Sumra as new CFO
Sumra previously spent over six years as CFO of Elavon’s European payment-acquiring division.
Market Harborough Building Society launches financial education app with Doshi
The building society has used Doshi’s white-label app to launch the new offering.
Robinhood snaps up custodial and portfolio management platform TradePMR in $300m deal
The purchase, involving a blend of cash and stock, is set to close in H1 2025.
Powering a new era of digital transformation with Huawei at GITEX Global 2024
Huawei showcased its latest innovations in financial technology at GITEX Global 2024.
Navro secures FMSB registration to provide money transfer services to businesses in Canada
Navro (formerly known as Paytrix) has also secured licences in the UK and Ireland (EU) this year.
Mexico’s Albo partners Paymentology to expand digital payment services
Albo plans to launch a new initiative with Mastercard to boost digital payments in Mexico.
Revolut granted UK trading licence from FCA
Revolut now plans to launch new trading products covering UK and EU stocks and ETFs.
Goldman Sachs to spin out technology platform GS DAP into independent business
GS DAP has operated as part of Goldman Sachs’ Digital Assets business since launching in 2022.
TrueLayer reportedly reduces headcount by around 25% to cut costs in push for profitability
City AM reports that TrueLayer cut 71 jobs in September, citing sources familiar with the matter.
Celero Commerce snaps up Precision Payments for undisclosed sum
Celero expects its North American card processing volume to exceed $28 billion following the acquisition.
Cartoon: Wanderer above the sea of fog
This new cartoon illustrates how regulatory changes and the complexity of compliance stymies new entrant fintechs.
Trust Payments appoints Laurence Booth as new CEO
Booth has been interim CEO at Trust Payments since September 2024 and first joined the company in 2021.
Vietnam’s Maritime Commercial Joint Stock Bank partners Backbase for Engagement Banking platform
MSB is Vietnam’s first joint-stock commercial bank and currently serves 5.5 million customers.
Crypto.com buys Australian brokerage service and trading company Fintek Securities
Crypto.com also recently acquired Watchdog Capital to offer equities and equity options for traders in the US.
Demystify Podcast: Demystifying legacy modernisation with Irene Sandler, CMO of Mechanical Orchard
In this podcast episode, Dave and Dharm chat with Irene Sandler, CMO of Mechanical Orchard.
Morgan Stanley makes $20m investment in NovoPayment to fuel product and commercial growth
The funding follows NovoPayment’s $19 million Series A round in 2022.
Myanmar’s Wave Money taps Amdocs for Digital Financial Services platform
Wave Money’s WavePay digital wallet currently has over 11.5 million users.
ICYMI fintech funding round-up: Mutual Vision, Tako, Zeplyn, Tranched, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK government announces reforms to boost financial sector growth
The Chancellor has revealed plans for a Digital Gilt pilot and “decisive action to advance open banking”.
FinTech Futures: Top five news stories of the week – 15 November 2024
Our pick of the top fintech news stories this week includes Klarna, Ualá, Visa and more.
Research report: Revenue enablement in financial services – 2024 global findings & insights
How financial services are leveraging enablement technology to meet shifting client expectations and drive productivity gains.
Mesa debuts homeowners credit card, offering rewards on mortgage and home expenses
The card allows customers to earn ‘Mesa Points’ on mortgage repayments and home-related purchases.
Brian Harkin named new head of tech and innovation at Centrus
Harkin moves from London-based fintech Kynec, where he has been serving as CTO since 2022.
Former Solaris execs to launch fintech start-up Zazu for African SMEs
Zazu will provide business banking services and financial management tools to African SMEs.
US presidential election: What’s next for US fintech under Trump?
Following the US presidential election, what can the country’s fintech sector expect from Trump’s second term?
Klarna picks New York for upcoming IPO
Klarna has not yet disclosed the number of shares or expected price range of the offering.
Guide: Charting the course – understanding payment trends in the financial sector in 2024
Insights from extensive research on how UK consumers prefer to pay and the payment options currently offered by 200 financial services providers.
FinTech Futures Jobs: 80% of AI-generated applications fail with hiring managers
Explore thousands of open roles on the FinTech Futures Job Board today.
