Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked has secured a partnership with Aussie pharmacy giant Chemist Warehouse through the acquisition.
PayTech
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
Tally closed in August, citing insufficient funding as the primary reason for its shutdown.
CellPoint Digital promotes Michael Sørensen to CTO
CellPoint Digital has also promoted Steven Osei, its global head of marketing communication, to CMO.
Former Deliveroo executive Adam Miller joins Swedish paytech Trustly as group CFO
Miller succeeds Jonas Palmquist, who has acted as Trustly’s group CFO since October last year.
UK’s PSR mandates “guaranteed minimum level of protection” against APP scams
The provisions will enable consumers to receive faster reimbursements in cases of APP scams.
Polish mobile payment system BLIK receives authorisation in Romania
BLIK will now facilitate transactions in the national currency and be available to all authorised Romanian PSPs.
TrueLayer extends Series E by $50m amid rising tax losses
The raise comes after TrueLayer’s tax losses rose nearly 40% to £55.6 million last year.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
Swift gears up for 2025 live trials of digital asset transactions
The trials will see banks use Swift to transact interchangeably across asset and currency types.
Zepz secures $267m Series F led by Accel
The cash injection adds to a $292 million Series E round raised in 2021.
Austria’s Ixopay appoints Ronnie Thomson as new CTO
The hire comes after Ixopay merged with US data tokenisation firm TokenEx in April.
ICYMI fintech funding round-up: Plumery, Concreit, Connected Data, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Global survey report: Privacy in practice 2024
1,300+ data privacy professionals share their views on the pertinent topics in this free global research report.
HSBC launches embedded finance venture SemFi with Tradeshift
SemFi provides embedded payment, trade and financing solutions from HSBC.
Stax Payments snaps up BlockChyp for undisclosed sum
Stax says this acquisition will reduce “friction” and enhance partner and customer experience.
Fiserv ends joint venture in Wells Fargo Merchant Services
An SEC 8-K filing says Fiserv expects to receive a “cash payment or assets” for its 40% stake in WFMS.
Mastercard acquires Minna Technologies to upgrade subscription experience
Minna develops technology to help consumers manage subscriptions via banking apps and websites.
PayTech Awards USA 2024 winners announced!
Celebrating exceptional achievements and talent in the US payments industry.
Redpin strengthens leadership team with key additions
The newest team member is CTO Yoav Flam, formerly in the same role at HelloFresh.
September 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over September.
ICYMI fintech funding round-up: Outgo, Mifundo, Mesa, Simpler, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Visa to buy AI-powered fraud detection firm Featurespace
Visa says it expects to close the transaction in FY 2025.
September 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in September.
India’s Cashfree Payments hires Nitin Pulyani as new head of product
The Bengaluru-based paytech is looking to expand its presence in India and the UAE.
September 2024: Top five new launches of the month
FinTech Futures takes a look back at five of the top new product launches in September.
Nexi Group lands €220m financing from the EIB
The loan is the first to be granted by the EIB to a publicly listed company in the digital payments sector.
Solaris to “discontinue major parts” of EMI business
Solaris says the move “regrettably will bring redundancies across the EMI team”.
US Department of Justice files civil antitrust lawsuit against Visa
The DOJ alleges that Visa “illegally maintains a monopoly over debit network markets”.
Anadolubank Nederland pens five-year deal with Worldline for cloud-based instant payments solution
Worldline’s solution will ensure the bank’s compliance with new EU instant payments regulations.
US transportation paytech AtoB raises $130m in equity and debt funding
The Series C round was co-led by General Catalyst and Bloomberg Beta with support from Mastercard.
BIS’ Project Agorá to commence design phase with private sector participants confirmed
The project’s participants include Standard Chartered, Lloyds, Mastercard, Euroclear and BNP Paribas.
The programmable money promise: potential advantages and opportunities at stake
Programmable money is a revolutionary concept poised to enhance monetary and financial systems.
JP Morgan reportedly in talks to replace Goldman Sachs as Apple’s credit card partner
The Wall Street Journal reports that talks between JP Morgan and Apple commenced at the beginning of this year.
Mangopay hires Sergi Herrero as new CEO as Romain Mazeries steps down
Herrero previously served as global director for payments and commerce partnerships at Meta.
Buy now, pay later loans could provide consumers with a new, easy way to build credit
Once the BNPL data is folded into traditional credit scores it will be the first significant change in credit reporting in decades.
PayFi network Huma Finance raises $38m for on-chain expansion
The San Francisco-based start-up plans to expand its PayFi network on Solana and Stellar.
KORT Payments takes over POS provider Barnet Technologies to drive “aggressive expansion”
Barnet provides POS systems for cannabis dispensaries and liquor stores across Canada.
Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future
Insight Partners first acquired the platform in 2019 for $780 million.
UAE challenger Ruya Bank partners Network International for digital payment capabilities
Ruya Bank entered the market this year with a suite of Shariah-compliant retail banking services.
Paymob secures $22m Series B extension to continue GCC roll-out
The Cairo-based paytech has now raised $72 million in Series B funding.
