Crypto API provider Wyre names Stephen Cheng as new CEO
Cheng has served as interim CEO for Wyre since January 2023.
Cheng has served as interim CEO for Wyre since January 2023.
The new funding takes the firm’s total Series B to $435 million following an initial $165 million raise last year.
Tynan has served on the firm’s board since August 2021 and has previously held roles at BofA and Citigroup.
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BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
Montenegro joins a list of more than 100 countries piloting a CBDC for various use cases.
The FCA ordered WealthTek to cease all operations last week, citing “serious regulatory and operational issues”.
The French bank plans to offer payment services for large corporates entering the B2B marketplace arena.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Wheelwright was previously the CIO of the UK Health Security Agency.
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A handy round-up of the recent funding endeavours of fintech companies across the globe.
With the finite resources of a small bank, credit union or building society, the future could be daunting.
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
The agreement marks Navan’s fifth acquisition in the last two years.
Ong joins from UK digital mortgage lender Molo, where he spent three years as COO.
Mavroyiannis joins from Greece’s Piraeus Bank, where he led the operations and technology arms of the business.
PostFinance customers can now access regulated, bank-grade cryptocurrency services.
The Malaysian payments platform plans to boost its global expansion and further develop its tech.
Launched in 2021, Wellet is a card payment app that uses similar technology to UTP Group’s Tapeeno.
Loop will continue to operate as a standalone brand and app following the acquisition.
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With the new investment, Peach Payments plans to expand across new markets in Africa.
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
FinTech Futures chats with three ethical fintech firms operating in the UK.
VP Bank has extended its digital asset services into financial assets using Metaco’s Harmonize platform.
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
Railsr board chair Rick Haythornthwaite says the new appointments bring “renewed energy” to rebuild the firm.
The banking charter from the FDIC would allow the neobank to offer its services across the country.
The company will use the new capital to expand its global presence and hire more engineering staff.
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
Under the new rules, cryptoasset transfers will have to include information on their source and beneficiary.
A new cartoon illustrating how consumer fintechs are having to constantly pivot to find product market fit.
We have a responsibility as an industry to do more to improve financial security and create a more equal society.
Together, both firms will now serve over 6 million customers globally.
Bhardwaj will lead a team analysing trends in fintech including digital assets and bank-fintech partnerships.
In his previous role, Bring served as CCO at paytech Nuvei.
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
The partnership will see use cases developed for SME segments from various industries.