Sibos 2024: The rise of digital wallets and the future of cross-border payments
Cross-border payments are evolving, with digital wallets becoming a crucial part of the global financial ecosystem.
FinTech
Interface.ai emerges as “most valuable AI company in banking” with Avataar-led $30m funding round
Interface.ai provides pre-trained agentic AI solutions specifically tailored to community banks and credit unions.
Canada’s Koho launches in-app eSIMs with Boxo and Airalo
Koho’s 1.7 million Canadian customers will now be able to purchase eSIMs from within its app.
Interview with Seamus Smith, FIS Automated Finance, winner of PayTech Leadership – At the Helm award
With 20+ years of experience, Seamus Smith is EVP group president of Global Automated Finance at FIS.
October 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in October.
Announcing the panellists for Banking Tech Insights: Limitless Banking on 14 November in London
FinTech Futures’ Banking Tech Insights: Limitless Banking event is free to attend. Register your interest today.
Nymbus and PeoplesBank partner to launch two employer-focused financial wellness solutions
Nymbus says the collaboration will target “the pressing need for improved financial wellness tools”.
First Carolina Bank snaps up BM Technologies for $67m
Following the deal, BMTX will retain its name and will be led by current president and CTO Jamie Donahue.
White paper: Switching analytics platforms – a checklist for banks & financial services in the EU
This checklist will help guide EU banks through the complex process of switching web analytics providers.
Payments processor Finix secures $75m Series C funding
The round was co-led by Acrew Capital, Leap Global and Lightspeed Venture Partners.
Western Union acquires Singtel’s mobile wallet Dash
Dash has accrued 1.4 million customers since launching 10 years ago.
FinTech Futures: Top five news stories of the week – 25 October 2024
Our pick of the top fintech news stories this week includes Afin Bank, Zip, Socure and more.
ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
Sibos 2024: The convergence of TradFi and DeFi with Chainlink – video interview
Sergey Nazarov details the latest tools and strategies for integrating blockchain technology with TradFi systems.
Moneybox’s valuation climbs to £550m with new £70m investment
Moneybox says the investment will “mainly be facilitated through a secondary share sale”.
Arab Financial Services lands $50m investment
Last year, AFS agreed to power ila Bank’s prepaid Bahraini-denominated card offering.
TransUnion appoints HSBC’s Madhusudan Kejriwal as new CEO for UK and Europe
Kejriwal will succeed Mark Horsey, who has acted as TransUnion’s interim regional CEO for the past year.
MDXT acquires UK data management start-up Schematiq
Schematiq’s tech allows EUC models to be controlled, governed, tested and shared through APIs.
The shifting sands of influence in fintech
Dubai has become a global fintech hub and has ambitions to be a leader in technologies such as AI as well.
CFPB orders Apple and Goldman Sachs to pay combined $89m over “Apple Card failures”
Apple first selected Goldman Sachs in 2018 to develop and power its credit card offering.
Afin Bank lands AwR banking licence, plots 2025 launch of mortgage offering for UK’s African diaspora
Afin Bank has now entered the mobilisation stage and plans to begin lending next year.
American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Tide acquires SME payroll fintech Onfolk
Onfolk will be integrated into the Tide app as ‘Tide Payroll’.
Sibos 2024: Data lakes and deepfakes
It’s a brave new world out there, and the bad guys have all the tools and none of the legacy to hold them back.
Sibos 2024: Mastering money movement with Visa – video interview
Visa Direct CRO Vera Platonova details how to navigate the complexities of moving money internationally.
Sibos 2024: Future-proofing data and the promise of ISO 20022
The Big Issue Debate at Sibos explored the true potential of total ISO 20022 adoption.
LendInvest renews £300m warehouse financing deal with HSBC, Barclays, and BNP Paribas
In September, LendInvest also increased its funding agreement with JP Morgan by £500 million.
Pockit bolsters Monese acquisition with new board appointments
The fintech previously acquired mobile banking services provider Monese earlier this month.
GoCardless reportedly set to become the latest UK fintech to conduct a secondary share sale
Fellow UK fintech giants Revolut and Monzo have both conducted secondary share sales in recent months.
Sibos 2024: Why the future of finance is atomised, embedded, and real time
The convergence of atomisation, embedded finance, and real time is creating a new paradigm in financial services.
Mitsubishi acquires 50% of Ayala’s stake in Mynt for $320m
Mitsubishi is set to snap up half of Ayala’s 13% share in Mynt.
Sibos 2024: Real-time payments in focus with ACI Worldwide – video interview
Dive deep into the latest developments in real-time payments from across the globe with ACI Worldwide.
Sibos 2024: AI and the human-centric future of financial services
To be future ready will require us to be not only data-ready, but empathy-enabled.
Sibos 2024: The evolution of payments collaboration in financial services
Day two of Sibos 2024 featured a number of insightful panels and keynotes on the future of payments.
Embedded finance provider Solaris embarks on “new chapter of transformation”, says CEO
CEO Carsten Höltkemeyer says BaaS provider Solaris is “at a pivotal moment”.
Nigeria’s OmniRetail acquires SME payments platform Traction Apps
OmniRetail is a start-up aiming to digitise traditional e-commerce through its suite of software products.
Webinar | 27 November 2024 | EMEA fintechs: unlock innovation with generative AI with AWS and NVIDIA
Register now for this webinar as we explore how generative AI enables fintechs to innovate quickly.
Procurement fintech Zip raises $190m Series D at $2.2bn valuation
Zip’s company value has increased 47% since its $100 million Series C last year.
Sibos 2024: The evolution of connectivity and preparing for what’s next
When it comes to the future, now is the time for planning and action.
