Fintechs Pleo, Chime and Chargebee cut jobs as economic uncertainty bites
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
FinTech
Bakkt set to buy Apex Crypto in deal worth up to $200m
Bakkt is aiming to “significantly bolster” its cryptocurrency product offering and serve more clients.
FinTech Futures: Top five stories of the week – 4 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Spendesk hires Richard Rosenberg as chief technology officer
Rosenberg will be tasked with leading Spendesk’s engineering team as the firm continues its European expansion.
What the FinTech? | S.3 Episode 16 | Inspiring financial wellbeing from a young age
In this episode of the podcast, we’re joined by Louise Hill, co-founder and COO at GoHenry.
FinTech Futures Jobs: How to cope when a new boss takes over
Explore thousands of open roles on the Fintech Futures Job Board today.
Huntington National Bank selects LiquidX for trade finance infrastructure
Huntington Bank says LiquidX was the “most efficient and effective” partner to help expand its trade offering.
ICYMI fintech funding round-up: Decentro, Sidekick and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Federated banking
Federated technology could offer banks a number of benefits and play a huge role in their internal transformation.
Stripe lays off 14% of staff amid challenging economic climate
The cuts to its workforce will return Stripe to its February 2022 headcount of almost 7,000 people.
DFSA introduces new “crypto token regime” to boost digital asset regulation
The DFSA says it is a “progressive regulator” that recognises the growing interest in crypto.
GoTyme Bank selects Daon for digital identity verification
The digital bank will utilise Daon’s IdentityX platform for ID authentication.
Revolut India appoints Arjun Mehta as new CFO
Mehta will lead channel development, expense management and revenue planning for the company.
DBS and digitalisation: what the West can learn from the East
“Meaningful innovation is the true litmus test,” says DBS’ Shee Tse Koon.
National Bank of Pakistan taps Finastra for trade finance solution
The bank will deploy Finastra’s end-to-end working capital solution, Fusion Trade Innovation.
RBI launches pilot for digital rupee wholesale CBDC
The use case of this pilot is the “settlement of secondary market transactions in government securities”, RBI says.
Hard days ahead
Dark days lie ahead. Don’t forget that not everyone is warm and fed and safe.
US lender Upstart cuts 140 jobs as loan demand drops
Upstart says it is “making this difficult decision for the long-term health of the company”.
Credit Karma pauses “almost all new hiring” citing revenue challenges
The firm has made the decision “due to the uncertainty of the macroeconomic environment”.
UnionDigital Bank taps Thought Machine and Callsign to power its mobile app
UnionDigital Bank will deploy Thought Machine’s Vault Core solution and Callsign’s digital ID platform.
New fintech start-up in the US for homeowners – Saivy
Saivy’s mobile app is in development and the start-up is currently accepting subscribers to its waitlist.
Canada’s TouchBistro bags $110m in growth funding
TouchBistro offers a tablet-based point of sale (POS) system and payments solution for restaurants.
Tech-enabled financial literacy has the potential to usher in a new era of prosperity for Americans
Harnessing technology can help create an inclusive and approachable culture around money.
Cartoon: Slow cooking
This new cartoon illustrates how start-ups shifting to venture debt as a model to raise cash are storing up trouble.
Solaris CEO to step down in 2023, Carsten Höltkemeyer set to take over
As CEO designate, Höltkemeyer will work alongside current CEO Roland Folz to “orchestrate a smooth transition”.
The innovation failure
Understanding why innovation fails helps us innovate in a way to minimise the risk of failure.
Raisin migrates its UK platform to ClearBank
ClearBank will offer Raisin customers access to faster payments and other services via its embedded banking platform.
Women in fintech drive the lending industry’s digital transformation
As banking goes increasingly digital, many women fintech leaders are in the vanguard of this evolution.
Banking Technology Magazine November 2022 issue out now
Cover story: TAKING THE LEAD – Women are inspiring fintech teams.
Coremont names Balaji Krishnamurthy as new CTO
Krishnamurthy most recently served as a managing director at JP Morgan Chase.
Egyptian fintech Money Fellows lands $31m Series B funding
The new funds will be put towards product development and international expansion across Africa and Asia.
eToro snaps up portfolio management platform Bullsheet
Bullsheet helps eToro users keep track of stocks and analyse the risk and diversification of their portfolio.
Starling Bank tops 2,000 employees, opens new London office
The challenger plans to expand its workforce by another 10% by the end of the year.
Is payroll technology the future of fintech?
Employees want the freedom to get paid anytime, anywhere, and payroll tech has stepped in to help.
Infographic: Banks look to risk orchestration technology to combat rising threat of fraud
Brought to you by LexisNexis Risk Solutions.
FinTech Futures: Top five stories of the week – 28 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
In conversation with Antony Jenkins, founder and CEO of 10x Banking
FinTech Futures columnist Dave Wallace shares three key take-aways from his recent chat with Antony Jenkins.
Report: Customer journey analytics and management in financial services
The key to delivering seamless, differentiated customer experience.
ICYMI fintech funding round-up: Paytrix and Vixtra
This week’s round-up includes two start-ups – London-based Paytrix and Brazil’s Vixtra.
North America fintech funding round-up: Cinchy, Lama AI, Kudos and more
Our weekly fintech round-up for you to get the latest funding news from North America.
