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.
PayTech
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.
Payment processor Clowd9 hires former Thredd tech lead Paul Hansford as new CTO
Hansford previously headed technology at Clowd9’s “distinguished competitor” Thredd.
Enfuce to launch dual-function E2 card in UK, France and Germany with Mastercard
E2 combines both debit and credit primary account numbers into one card.
Form3 bags $60m Series C extension with new investor British Patient Capital
Form3 previously closed a $160 million Series C in 2021 and received an investment from Visa in 2023.
Financial management software provider to SMEs, Finally, raises $50m equity and $150m debt
Florida-based Finally plans to expand its AI-powered business payments platform across the US.
Ireland-based paytech CleverCards hires former Edenred exec Ray Brash as COO
Ireland-based paytech CleverCards enables corporates to pay their consumers, employees, and vendors with virtual cards.
ISO 20022: The clock is ticking, so get ready
There’s no time like the present to ensure that you’re ready for the arrival of ISO 20022.
Visa prepares for 2025 launch of Visa A2A in UK
Visa A2A features a formal dispute resolution process and easier-to-manage payment permissions.
Paylocity to acquire spend management platform Airbase for $325m
The deal is expected to close “in the first or second quarter of fiscal 2025”.
E-book: The promise and peril of the AI revolution – managing risk
Download this free e-book to gain further insights into building a resilient AI security programme.
EU financial services analytics maturity report
Explore how EU financial services can balance analytics innovation with customer privacy in this free report.
McLEAR sunsets payment ring programme
McLEAR’s RingPay programme comprises a prepaid account, a mobile app, and a payment ring.
Mastercard to pilot Payment Passkey Service in India
Indian payment players taking part in the pilot include Axis Bank, Juspay, PayU, and more.
ICYMI fintech funding round-up: Linker Finance, Thera, Mercately, Creattura, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
August 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 August.
Singapore’s DCS Innov acquires digital wallet fintech HolyWally
DCS Innov previously tapped HolyWally to develop its InstaWally solution.
HSBC Innovation Banking UK integrates payment and account services into Numeral platform
Joint clients will now be able to access UK Bacs, FPS, SEPA and Swift payments through Numeral.
MoneyGram names Josh Gordon-Blake as new chief digital officer
Gordon-Blake is taking over from Seth Ross, who began the role just last April.
August 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in August.
Shift bags $23m Series D funding led by Peak XV Partners
The funding round follows the completion of a $230 million Asset Backed Securitisation in May.
Shift4 acquires Canadian fintech Givex
The acquisition is anticipated to close in Q4 2024.
Revolut taps Visa Direct for cross-border business payments
Revolut Business customers can now access instant card transfers powered by Visa Direct.
August 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 August.
Dutch paytech Adyen names Tom Adams as new CTO
Adams takes over from Alexander Matthey, who has served as Adyen CTO since 2021.
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Featurespace provides financial crime prevention solutions for AML and fraud detection.
Swiss National Bank announces launch of instant payments in Switzerland
The SNB claims around 60 Swiss FIs can now process instant payments.
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Laybuy entered into a receivership back in June.
Banking Technology Magazine September 2024 issue out now
Cover story: HOP INTO THE FUTURE – Banks must turn and face the change.
Mastercard set to lay off around 3% of global workforce
A Mastercard spokesperson says the majority of the impacted employees will be notified in Q3 2024.
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
Following the share sale, Revolut is now valued at $45 billion, up from $33 million in 2021.
PayTech Awards USA 2024 shortlist announced
We’re excited to reveal the finalists for the PayTech Awards USA 2024.
Volt’s co-founder and chief growth officer Jordan Lawrence steps down
Lawrence co-founded UK paytech Volt in 2019 with Tom Greenwood (CEO) and Steffen Vollert (COO).
Science Card introduces new debit card offering to help accelerate UK scientific discovery
Customers can support ongoing projects focused on dementia, cervical cancer, and kidney transplants.
