Societe Generale taps Lemonway for B2B marketplace payment services
The French bank plans to offer payment services for large corporates entering the B2B marketplace arena.
FinTech
FinTech Futures: Top five stories of the week – 7 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
IG Group names Adam Wheelwright as new CTO
Wheelwright was previously the CIO of the UK Health Security Agency.
FinTech Futures Jobs: Demand for tech workers is strong, putting employees in the driving seat
Explore thousands of open roles on the Fintech Futures Job Board today.
ICYMI fintech funding round-up: Finanzguru, Spendflo & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Is there a future for credit unions and building societies?
With the finite resources of a small bank, credit union or building society, the future could be daunting.
FDIC looks to sell SVB and Signature Bank securities portfolios
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
Navan acquires Indian travel expense management firm Tripeur
The agreement marks Navan’s fifth acquisition in the last two years.
Tarabut Gateway appoints Chun Ong as new chief operating officer
Ong joins from UK digital mortgage lender Molo, where he spent three years as COO.
European paytech Viva Wallet names Dimitris Mavroyiannis as group COO
Mavroyiannis joins from Greece’s Piraeus Bank, where he led the operations and technology arms of the business.
PostFinance partners Sygnum for digital asset banking services
PostFinance customers can now access regulated, bank-grade cryptocurrency services.
Malaysian fintech Soft Space raises $31.5m in Series B1 funding round
The Malaysian payments platform plans to boost its global expansion and further develop its tech.
UTP Group set to acquire Wellet’s Spanish business
Launched in 2021, Wellet is a card payment app that uses similar technology to UTP Group’s Tapeeno.
Tandem Bank acquires money app Loop for undisclosed sum
Loop will continue to operate as a standalone brand and app following the acquisition.
Between us girls
Diversity is not a concession. Be mindful of your language and your actions.
South Africa’s Peach Payments lands $31m Series A funding
With the new investment, Peach Payments plans to expand across new markets in Africa.
UAE central bank partners R3 and G42 Cloud for CBDC implementation initiative
The CBDC initiative will look at a range of use cases across domestic and cross-border use.
How fintech start-ups are driving the ethical finance revolution
FinTech Futures chats with three ethical fintech firms operating in the UK.
Liechtenstein’s VP Bank expands digital asset capabilities with Metaco
VP Bank has extended its digital asset services into financial assets using Metaco’s Harmonize platform.
DMI Finance bags $400m equity funding led by MUFG
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
Railsr appoints new CEO, CFO and COO following rescue sale
Railsr board chair Rick Haythornthwaite says the new appointments bring “renewed energy” to rebuild the firm.
Dutch challenger Bunq applies for US banking licence
The banking charter from the FDIC would allow the neobank to offer its services across the country.
Quantexa raises $129m Series E funding at $1.8bn valuation
The company will use the new capital to expand its global presence and hire more engineering staff.
SoFi acquires Wyndham Capital Mortgage in all-cash deal
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
EU drafts crypto transfer rules to fight money laundering
Under the new rules, cryptoasset transfers will have to include information on their source and beneficiary.
Cartoon: Pivot
A new cartoon illustrating how consumer fintechs are having to constantly pivot to find product market fit.
A tale of two worlds
We have a responsibility as an industry to do more to improve financial security and create a more equal society.
US saving and investing app Acorns acquires UK’s GoHenry
Together, both firms will now serve over 6 million customers globally.
US OCC names Prashant Bhardwaj to lead new fintech office
Bhardwaj will lead a team analysing trends in fintech including digital assets and bank-fintech partnerships.
PPRO appoints Motie Bring as chief commercial officer
In his previous role, Bring served as CCO at paytech Nuvei.
India’s PhonePe calls off acquisition of BNPL firm ZestMoney
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
Dutch heavyweight ING taps Salt Edge for SME open banking solutions
The partnership will see use cases developed for SME segments from various industries.
European Payments Council names Giorgio Andreoli as director general
Andreoli says he will be working closely with EPC members to build “the future of payments in Europe”.
State of play: European fintech
The recent FinovateEurope conference featured a number of key discussions on the European financial services sector.
Banking Technology Magazine April 2023 issue out now
Cover story: TRANSFORMATION INTERVENTION – It’s never too late to recalibrate.
US fintech funding round-up: StellarFi, Stratyfy, Beam and more
A handy round-up of the recent funding endeavours of fintech companies across the US.
FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sustainable investment fintech Clim8 shutters
Clim8 says it has been unable to secure further venture capital to fund the business.
What the FinTech? | S.4 Episode 5 | Levelling up UK fintech
In this episode of the podcast, we’re joined by Charlotte Crosswell, chair of the newly formed CFIT.
Mizuho and Line call off plans to launch mobile bank in Japan
Both firms say dissolution and liquidation proceedings of the mobile bank project will now go ahead.
