The Clearing House appoints Sheffali Welch as COO
Welch brings more than 20 years of experience in banking and financial services to her new role.
FinTech
Cartoon: Are we ready?
AI/ML is advancing at pace, but we might not have all the unintended consequences worked out yet.
Video: Subject snapshot – open banking
Get the lowdown on how banks can finally monetise the open banking initiative.
Better.com’s share price stumbles on Nasdaq debut
The New York-based digital mortgage lender went public through a SPAC merger this week.
Alpha Bank acquires Orange Money’s Romanian retail business
Alpha Bank Romania is aiming to become “one of the key players in the Romanian digital banking space”.
FinTech Futures: Top five stories of the week – 25 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Zanifu, Koverly, Micronotes & more
Our weekly fintech round-up for you to get the latest funding news from around the world.
LemFi bags $33m in Series A funding round to fuel global expansion
LemFi was founded in 2020 to provide immigrants with better access to financial services.
Video: What’s the next big thing in fintech?
We ask three experts what they think could be the next big thing that will completely transform the industry.
Auxmoney buys majority stake in Dutch credit marketplace Lender & Spender
With the stake, Auxmoney plans to build upon its “continuous organic growth” of recent years.
Beyond the single customer view
Even if we have all the data on our finances, we need to be able to understand it.
Video: AI – friend or foe to financial services?
Fintech experts share their views on the impact of AI on financial services.
Thoma Bravo acquires ForgeRock for $2.3bn
Once acquired, ForgeRock will delist its class A common stock from the New York Stock Exchange.
Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
Yahoo Finance builds out investor insights with Commonstock acquisition
Launched in 2020, Commonstock is backed by investors including Coatue, QED and Floodgate.
India’s PhonePe taps Cloudera to streamline data management
PhonePe says the collaboration marks a “significant milestone” in its data journey.
FinTech Founders Video: founding stories
Founders divulge the trials and tribulations they experienced when building their own businesses.
FinTech Founders Video: Lawrence Lin Murata, Slope
Lawrence Lin Murata reflects on what he learnt from starting his first company and the impact on starting Slope.
FinTech Founders Video: Wade Arnold, Moov Financial
Wade Arnold, founder and CEO of paytech Moov, talks about his experience of starting a fintech.
White paper: Navigating extreme uncertainty to drive growth – top financial services trends in 2023
This free white paper explores how to leverage technology to drive innovation, cost savings and greater efficiencies.
FinTech Founders Video: Rado Kotorov, Storied Data
Rado Korotov, founder and CEO of Storied Data, shares advice for founders looking for venture capital funding.
FinTech Founders Video: Elizabeth Rossiello, AZA Finance
Elizabeth Rossiello reveals the one person she couldn’t run AZA Finance without!
FinTech Founders Video: Jason Voss, Deception and Truth Analysis
Jason Voss gets candid on why you need to think hard about any VC dollars coming your way.
EIF provides Lithuania’s SME Finance with €40m to fund small business lending
SME Finance CEO says the agreement with EIF allows it to offer financing to businesses “on significantly better terms”.
FinTech Founders Video: Katalin Kauzli, Partnerhub
Katalin Kauzli explains what she would do differently if she could repeat the process of starting Partnerhub.
Morgan Stanley hit with £5.41m fine after energy traders used WhatsApp to discuss market transactions
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
FinTech Founders Video: Anandhi Dhukaram, Esdha
Dr Anandhi Vivek Dhukaram PhD drops the advice she would give herself if she could go back to when she founded Esdha.
FinTech Founders Video: Deepak Jain, Wink
Deepak Jain shares what entrepreneurs need to have in place to make the whole ride of building a company easier.
Shoes
The context in which your teams do the work you ask of them is a rich tapestry of ever-changing factors.
FinTech Founders Video: Alex Lempka, Connect Earth
Alex Lempka, founder of climate fintech Connect Earth, describes the hardest thing about running a start-up.
KPMG data shows steep drop in Canadian fintech funding in H1 2023
H1 2023 investment activity totalled $353.7m across 57 deals, down from $1.09 billion across 87 deals in H2 2022.
Former Monzo execs launch new fintech start-up Sync Savings
The start-up recently closed its pre-seed funding round, the amount of which has not been disclosed.
Moniepoint gets the go-ahead to acquire Kenyan fintech Kopo Kopo
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
Trading Technologies enhances buy-side appeal with Abel Noser Solutions acquisition
The deal is expected to close on 31 August.
US fintech Ramp secures $300m Series D funding at reduced valuation
The firm’s new $5.8bn valuation represents a 28% drop from its $8.1bn valuation back in March 2022.
Video: Which areas of fintech are most at risk in the current economic climate?
We ask three veteran investors which areas of fintech are currently most vulnerable.
Mastercard launches CBDC Partner Programme to boost sector collaboration
Through the Programme, Mastercard aims to bring a “greater understanding” of the pros and cons of CBDCs.
MSUFCU veteran Benjamin Maxim named as Reseda Group’s new COO
Maxim has been a central figure at MSUFCU for over 16 years, having first joined back in 2007.
SEC hands fintech investment advisor Titan $850,000 penalty for misleading clients
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
Brazilian fintech Nomad secures $61m in fresh funding
The funding was led by Tiger Global Management, with participation from existing investors
