The Clearing House names Margaret Weichert as new chief product officer
Weichert joins TCH from Accenture, where she served as managing director, North America payments lead.
PayTech
Stax Payments expands tech stack with APPS acquisition
APPS’ CEO Abe Maghaguian and COO Sarah Gerald will join the Stax leadership team as part of the deal.
Early Warning’s digital wallet offering Paze readies for launch as the US’ biggest banks look to fend off Big Tech
Paze MD James Anderson chats with FinTech Futures about the fintech’s upcoming product launch.
French paytech Worldline’s shares tumble after company revises guidance
Worldline says it now expects 6% to 7% in organic revenue growth, as opposed to its previous forecast of 8% to 10%.
FinTech Futures triumphs as best digital media platform at Fintech B2B Marketing Global Awards
FinTech Futures was named the winner in the Best Innovative Integrated Digital Media Platform category.
US Bank subsidiary Elavon lands UK banking authorisation
With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
Colombia’s Nequi taps TerraPay for international remittances
The partnership will extend the app’s remittance network to over 200 countries worldwide.
Brookfield appoints Ron Kalifa as vice chair and head of financial infrastructure
Brookfield says Kalifa’s appointment allows it to “increase our footprint” in the payments arena.
BNP Paribas and 321founded partner to launch marketplace payment management fintech Panto
The solution is set to launch commercially in H1 2024 and will be led by CEO Guillaume Massis.
Scottish challenger Alba Bank taps ClearBank for SME payment management
With the ClearBank partnership, Alba Bank aims to offer “near real-time payments” to its customers.
Al Rayan Bank goes live with Confirmation of Payee solution from obconnect
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
UK paytech Thredd appoints Jim McCarthy as new CEO
McCarthy joined Thredd in January this year as executive vice president – global head of product and sales.
Banking Tech Awards 2023 sponsorship opportunities
Unmissable sponsorship opportunities – digital and physical – at the upcoming Banking Tech Awards on 30 November.
UK’s FCA places partner onboarding restrictions on embedded payments platform Modulr
Modulr is working to ensure it meets evolving regulatory requirements following a period of growth.
Former JP Morgan exec Jeremy Balkin’s new venture TodayPay launches from stealth
TodayPay’s solution aims to help merchants provide “instant” refunds to their customers.
JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US
Verizon has revealed it will pilot the solution with its US customers “in the coming months”.
Kasssh launches in the UK to enable consumers to pay for online purchases in cash
The service seeks to bridge the gap between cash and the e-commerce market.
Video: Chainlink at Sibos 2023 – The future of on-chain finance and tokenisation
We chat with Sergey Nazarov of Chainlink about how the firm is solving the blockchain interoperability problem.
Airwallex enters Latin America with MexPago acquisition
Airwallex says the deal is an important part of its broader growth strategy in the Americas.
US regional bank United Community partners Allied Payment Network for real-time payments
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
Southeast Asia’s BigPay taps Thredd to power payment processing
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
UAE’s central bank launches Aani, a new instant payments platform
Aani enables transactions to be processed “instantly and securely” at any given time.
Australian government proposes new regulations for digital wallet providers
The proposals will be introduced to the Australian parliament this year.
Paytech NMI acquires Sphere’s commercial division to boost underwriting and risk management capabilities
NMI provides payment gateway and processing solutions to businesses looking to diversify their payment methods.
Fiserv snaps up Brazilian EFT software distributor Skytef
Skytef has been distributing Fiserv’s electronic funds transfer solution SiTef since 2002.
UK’s FCA certifies paytech Viva Group as e-money institution
The company describes the licencing as “a significant step forward” for its position in the UK neobanking market.
Al Etihad Payments partners India’s NPCI to develop UAE’s first domestic card scheme
Al Etihad Payments is a wholly-owned subsidiary of the Central Bank of the UAE.
Paytech Medius taps acquired Expensya talent for two new senior appointments
Medius announced its acquisition of the expense management software company Expensya back in June.
Rauva appoints Tomas Oliveira da Silva as chief risk officer
He joins from DF Capital, a UK-based savings and lending bank, where he served as CRO for nearly three years.
American Express to pilot biometrics for online transactions
The biometrics have been developed by the FIDO Alliance and the World Wide Web Consortium.
Banking Technology Magazine October 2023 issue out now
Cover story: NOTHING VENTURED – Tips for raising capital.
AP automation start-up Stampli raises $61m in Blackstone-led Series D
Existing investors Insight Partners, SignalFire, Bloomberg Beta and NextWorld Capital also participated in the round.
Become a sponsor for the Banking Tech Awards 2023
Working with us as a sponsor ensures your brand is seen by the best and brightest decision-makers in the industry.
US fintech PayZen launches new product to boost healthcare affordability
With the Care Card, patients can access PayZen’s post-service payment plans through a physical and virtual debit card.
Brite Payments secures $60m funding, eyes international expansion
It plans to develop its proprietary Brite Instant Payments Network that facilitates 24/7 “instant” processing.
Aeropay teams up with UBank for in-game payments innovation
The partnership seeks to solve the “intricate payment challenges” at play within the current gaming ecosystem.
AI: Will it help or hinder compliance?
AI can’t replicate human nuance nor can it fully comprehend the human motivations for committing fraud.
Stitch raises $25m in Ribbit Capital-led Series A extension
PayPal Ventures, CRE Venture Capital and The Raba Partnership also participated.
Finalists announced for Banking Tech Awards 2023
Take a look at the 2023 Banking Tech Awards finalists!
UK fintech Weavr to shutter open banking payments app Comma
The move is not expected to result in job losses.
