FinTech Futures: Top five news stories of the week – 17 May 2024
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
The funding consists of $150 million in debt financing and $15 million in equity.
Lydia says it plans to pump over €100 million into Sumeria over the next three years.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.
Four fintech founders discuss the essential traits that can help founding teams fly.
PVcomBank has been running on Temenos Core for retail and corporate banking for over 10 years.
The pilot was conducted through the fintech supervisory sandbox hosted by the Hong Kong Monetary Authority.
Zajac’s most recent positions include serving as CTO at Blackberry and the UK-based fintech Railsr.
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
Emirates NBD will implement Pine Labs’ Credit+ solution.
The partnership aligns with Chiba Bank’s mid-term plan to shift to a customer-focused business model.
Applications are to remain open until 31 May, with the final list of participants to be announced on 9 August.
Céline Bayer and Nicolas Vigier have been named Lemonway’s new CFO and CTO respectively.
Roper, who joined the company last year, is set to depart in October.
In addition, the fintech revealed it was on the hunt for additional investors for its ongoing seed funding round.
The round represents Data Zoo’s first ever outside investment.
Thimsa will initially launch its payments platform in beta in the UAE and Bahrain.
The bank will collaborate with Interop Labs and Memento Blockchain as part of the project.
Kyndryl will provide the SIS business operated under Broadridge Canada with managed services.
The integration is to replace Bankart’s legacy payment processing platform provided by ACI Worldwide.
Freetrade COO and co-founder Viktor Nebehaj is poised to assume the CEO role moving forward.
Watch highlights from the FinTech B2B Marketing Conference, which took place on 23 April in London.
The company previously announced its intention to purchase Synapse’s assets last month.
Aplazo has now secured over $100 million in equity financing since its formation in 2020.
BIL has actioned a major technology overhaul of its retail, corporate and private banking operations.
PC Financial will adopt Temenos’ retail core banking solution as SaaS on Microsoft Azure.
FutureMoney’s flagship offering is its tax-advantaged Junior Roth IRA account, which leverages 529 plans.
Wink Pay offers an instant card issuance service for Visa prepaid virtual cards.
The bank has worked with Hitachi Asia to redesign its web interface and mobile banking applications.
Linnovate offers asset servicing and fund administration solutions for the investment industry.
Banco Sabadell’s board had previously rejected an offer from BBVA claiming it significantly undervalued the company.
The transfer of Paymerang from Aldrich Capital to Corpay is expected to close this quarter.
The mutual is to integrate Finova’s Apprivo mortgage originations banking platform.
Hassan Chatila has been named as VP and global network head, joining from Western Union.
The start-up’s solution seeks to provides SaaS firms with a pre-built embeddable payment service.
The implementation of the platform was carried out by Avaloq’s partner Synpulse.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Our pick of the top fintech news stories this week includes Monzo, NAB, GoTyme Bank, and more.
The acquisition will also see Basware integrate AP Matching’s managed services division.