Juni trims one-third of its workforce in second round of layoffs
The layoff comes just two months after it shed 10% of its workforce.
FinTech
Banque Saudi Fransi digital head Grant Niven departs
Niven was responsible for developing and executing the bank’s company-wide “digital vision”.
UK fintech funding round-up: Banked, Boodil and AGAM
A handy round-up of the recent funding endeavours of fintech companies, this week, based in the UK.
US Treasury outlines fintech consumer protection recommendations
“This report lays out actions that would maintain fair, transparent, and competitive markets,” says Janet Yellen.
Do banks really need a new core?
What are the main reasons or drivers for changing your core? I can think of a few.
FinTech Futures Jobs: Here’s why it’s important to understand and embrace neurodiversity at work
Check out the vacancies at these firms that support neurodiversity through awareness programmes and hiring processes.
Research paper: The payments processing opportunity for banks
Icon commissioned Celent to carry out research exploring the payment processing opportunities for banks.
Private market exchange ADDX bags $20m in expanded pre-Series B
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
Regnology acquires Belgian regtech b.fine
Regnology CEO says they were attracted to the “strong synergies” between the two companies’ offerings.
Delio appoints former BNY Mellon exec Paul Burleton as COO
At Delio, Burleton will help shape the fintech’s operating model as it looks to expand internationally.
WeGift bags £26m in Series B funding
The funds will be used towards WeGift’s growth, key hires, and adding new features.
Research: Tech blockers 2022 – cutting the costs of AML compliance
Opportunities and barriers on the road to wider adoption of effective AML screening technology.
SEB sets up new BaaS unit, SEB Embedded
With SEB Embedded, the firm is aiming to become a leading provider in the BaaS market.
UAE investment fintech Baraka lands $20m Series A
The start-up offers investors access to more than 6,000 US stocks and ETFs.
Dubai-based fintech Leap aims to improve youth financial literacy
The Dubai-based start-up wants to improve youth financial literacy, targeting the under-18s.
All the light we do not see
Gaslighting is insidious. If you see it happening in your organisation, shine a light on it.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
How blockchain technology is opening up fractional investing
Blockchain tech can power access to alternative assets such as art, real estate and wine.
US fintech start-up Nirvana Money is shutting down just weeks after launch
On its website, Nirvana Money says all accounts will be closed on 1 December 2022.
Mastercard partners bpost and Nickel to launch inclusive card options
Belgium’s bpost and France’s Nickel will offer Mastercard’s True Name option to customers.
Climate First Bancorp acquires ESG data platform Ecountabl
Ecountabl indexes data on more than 10,000 companies, analysing their ESG performance.
Effective ways to improve and expand digital payment methods for businesses
Introducing digital payment methods and ensuring adoption can be a challenge many businesses find daunting.
Fintech mortgage lender Gen H secures £600m partnership with The Nottingham
The funding will enable Gen H to speed up the rollout of its mortgage products.
Kuda launches in the UK with tell.money’s open banking compliance tech
Kuda says its UK launch “is the first step in its global expansion to serve overseas based Nigerians”.
ZDF launches new cloud-based core banking system
Minna Bank, Japan’s first digital bank, is the first user of the new core system developed by ZDF and Accenture.
Fintech Talents 2022: Where are we with open finance?
Speakers at the Fintech Talents Festival sat down to unpack the current state of play with open finance.
Investment app Freetrade appoints Shahid Naveed as CTO
Naveed has 20+ years of experience in the tech space and joins from Auction Technology Group.
Divido appoints new chief product officer, Gareth Lloyd-Owen
Lloyd-Owen joins from home lending platform Roostify, where he was most recently VP of product.
Ireland is emerging as a global hub for payments
Ireland has become the EU/EMEA headquarters for many leading firms in the fintech and payments space.
Video: Inscribe at Money20/20 USA – Automating KYC/KYB and underwriting processes
We chat with Inscribe’s Ronan Burke about the benefits of KYC/KYB and underwriting automation.
Tax software firm SurePrep snapped up by Thomson Reuters for $500m
SurePrep is expected to generate approximately $60 million of revenue in 2022.
Sohar International’s chief transformation officer Ewan MacLeod resigns
MacLeod joined the bank in February 2020 following a three-year stint at Nordea.
Trading and investment fintech Saxo appoints Simon Camilleri as COO
Camilleri brings “significant expertise and a wealth of front-office experience” to his new role.
Hamsa: A new investment app for women, by women
Hamsa will offer a recurring investment product with regular payments, designed for women.
JP Morgan and Mastercard team up to launch Pay-by-Bank solution
The solution is currently in the pilot stage with a rollout expected sometime in 2023.
Travel BNPL fintech Fly Now Pay Later hires Georgios Gionis as CPO
AT FNPL, Gionis will be tasked with expanding the product offering at the firm, building out its R&D arm.
Not all banks are created equal
Digital banks are setting themselves apart from the incumbents and ushering in a new age in banking.
Financial wellbeing platform Brightside raises $33m in Series B funding
The firm says it will use the fresh funding to enhance its platform and fuel its growth.
Spanish banking sector to explore use of digital euro
Financial institutions will analyse the technical, operational and business implications of a digital euro.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
